IPL Team Income: The Indian Premier League is not just a tournament but has become a big business platform. Every year as soon as the final match comes near, the passion between the fans is at the peak. Meanwhile, a question arises in the mind, what the team owners get, how do they earn. In this report, we will tell you where the team owners get money.
Money gets from sponsorship deal
The people of the brands are seen on the Jersey of the IPL team. They fall under the sponsorship deal. The amount received from them is in crores. Brands put logo on the team’s kit, helmet or bat. He has a big deal. The main sponsors give up to Rs 20-40 crore to the team. Along with that other speech also gives 5-10 crores.
Earning crores from ticket sales
In the IPL, every team earns crores of rupees from their match ticket sales. Ticket prices in high-voltage matches like final and playoffs touch the sky. IPL teams also have crores of following on social media. This also creates a brand value. Seeing which big brands want to join the team. The same brand value increases the amount of sponsorship deals in the future.
Money gets from ivenue sharing model
IPL telecasts watch millions of viewers. The advertisements that come on this. Their share is divided into BCCI and team owners. The BCCI gives the team a fixed share annually from the total earnings from the IPL. Each franchise gets money under a revenue sharing model. It includes income from the stadium and other earnings from the IPL Central Sponsorship.
Prize money on winning
20 crores to the champion team.
12.4 crores to runner-up team.
7 crores to the third number team.
6.5 crores to the number four team.
