Wipl Cricket Teams – Prospective franchisees, apart from the existing IPL holders, could bid widely on Wednesday, which could boost the team ratings of the upcoming league.
A total of 17 interested parties have expressed interest in Wednesday’s franchise ownership auction for the upcoming five teams in the Women’s IPL (WIPL), which begins in March. To qualify, they must have a net worth of more than Rs.1000.
Wipl Cricket Teams
Seven IPL teams are known to have submitted technical bids (meeting the eligibility criteria) on Monday. (HT_PRINT)
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Seven IPL teams – Mumbai Indians, Delhi Capitals, Royal Challengers Bangalore, Sunrisers Hyderabad, Kolkata Knight Riders, Rajasthan Royals and Punjab Kings – are known to have submitted on Monday are technical applications (meeting the eligibility criteria).
The newest IPL teams, Gujarat Titans and Lucknow Super Giants, who entered the league in 2021 by paying big money, have not wanted much on their plate for now and have left. Surprisingly, Chennai Super Kings, who also have a team in the ongoing T20 league in South Africa, did not make a technical bid.
Companies outside the IPL mix that have shown interest include Adani Group, Torrent Pharma and Capri Global. Everyone almost missed the bus in the latest IPL team expansion.
The economics involved in the WIPL are very different as the media rights over five years are 951 crores, which is 2 percent of the value of the men’s IPL rights. However, the numbers were ground-breaking for women’s cricket (₹7.09 crore per match) and stakeholders are excited to see how this value can help their league succeed in the long run.
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The media rights amount confirms that the revenue of the franchises is around 300 crores over 10 years. This will help offset the licensing costs payable to the BCCI. The higher they got, the longer it would take for them to break even. If many of those who showed early interest also submit a financial bid, there may be a few high bidders.
The BCCI has clarified in the tender documents that they are not obliged to award the team ownership to the highest bidder and will look at the proposal for the growth of women’s cricket that the bidders come up with. For those outside the IPL ecosystem, their bids may be higher.
“We have kept it open for anyone who meets the eligibility criteria to apply. But we will be very happy if the existing franchisees will follow our thinking to make the league successful,” IPL chairman Arun Dhumal said last week.
Given the long-term potential of the league, the presence of corporate social responsibility and the opportunity for existing IPL teams to expand their cricket calendar with another competition involving Indian cricketers, anything between Rs 2,500-3,500 for five teams would not surprise anyone. .
Women’s Premier League
Prospective team owners have been given the opportunity to make ten cities – Ahmedabad, Kolkata, Chennai, Bangalore, Delhi, Dharamsala, Guwahati, Indore, Lucknow and Mumbai – their home.
But this will still be nothing more than a brand-building exercise, with the BCCI looking to start the league by concentrating the matches in one or two cities. The opening edition is scheduled to be played in Mumbai.
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Newsletters, Alerts and Recommendations Get personalized news and exciting offers Bookmark the stories you want to read later Haldiram, Infosys, 10 IPL teams among over 30 companies to show interest in buying teams in Women’s IPL;
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More than 30 companies have accepted the invitation to tender (ITT) to buy an IPL women’s franchise. The list includes sweets and snacks company Haldiram, IT conglomerate Infosys and IPL 10 teams among several others. BCCI will release the final WIPL squad list on January 25.
More than 30 companies have accepted the invitation to tender (ITT) to buy an IPL women’s franchise Photo: BCCI/IPL
Is getting closer, and more and more companies from different industries are showing interest in buying a team. More than 30 conglomerates from information technology (IT), FMCG and several other sectors, including the cement industry, have accepted tenders (ITT) to buy a franchise in the women’s IPL, apart from the 10 teams in the men’s competition.
Haldiram Group, APL Apollo, Shriram Group, Nilgiri Group and AW Katkuri Group are some of the names that have picked up ITT, according to the report.
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. However, not everyone will definitely declare for the team on January 25, the day of the WIPL Franchise Auction.
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Chettinad Cement and JK Cement have also shown interest in buying a franchise in the women’s T20 league, drawing inspiration from India Cements (owners of Chennai Super Kings). Several groups in other T20 leagues, Capri Global (Sharjah Warriors in ILT20) and Adani Group (Gulf Giants in ILT20) have also bought ITT.
Interestingly, the co-owners of Delhi Capitals, JSW and GMR groups have gone it alone and submitted their bids separately, the report said. This has also happened before when JSW bought a team in SA20 (Pretoria Capitals) and GMR went on to buy a team in ILT20 (Dubai Capitals), albeit with the same branding.
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After a whopping INR 951 million media rights deal, the salary cap for the franchise will be INR 12 million, increasing by INR 1.5 billion every year to reach INR 18 million by 2027. WIPL will allow five overseas players. in the playing XI, one of whom must be from an associate nation. For non-players, the base prices are set at INR 10 and 20 lakh and for players it will be between INR 30 lakh, 40 lakh to 50 lakh.
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Videos05:11 PM Narendra Modi graces Bastille Day parade in France Latest Updates | World News 06:18 Breaking news |: Details of gifts given to PM Modi on behalf of French President Emmanuel Macron04:31 How will Indian spacecraft reach the moon? Chandrayaan-3 takes off, enters its third compartment 00:23 Viral video. Iceland’s volcanic eruption brings tourists ‘almost to crater’ 06:47 ISRO chief S Somanath briefs media after Chandrayaan-3’s successful launch Sriharikota | Chandrayan VideoViacom 18’s bid guarantees ₹7.09 crore per match and estimates for the WIPL, which starts in March, from all previous men’s T20 leagues except the IPL.
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The Women’s IPL (WIPL) got a mini-bonanza on Monday as it got ready for the March kick off. The Indian Cricket Board has announced Viacom 18 as the broadcast partner, committing ₹951 crore for 134 matches at ₹7.09 crore per match for the first five years (2023-27).
“This is huge for women’s cricket,” BCCI secretary Jay Shah tweeted. “Today’s bid for media rights to the women’s IPL marks another historic mandate. It is a big and decisive step for the empowerment of women’s cricket in India, which will ensure the participation of women of all ages. A new dawn indeed.”
Comparisons cannot be drawn with the IPL, whose media rights for five years (2023-27) were sold for Rs 48,390 crore last year. The magnificent men’s league is entering its 16th edition, while India’s women cricketers are yet to become world leaders and few of them are household names.
The impact of these numbers can still be far-reaching. “Words really cannot describe what this means to a young girl in India, to women’s cricket in India, to the women’s game and to sports in general. So happy to see this. This will change the landscape forever,” tweeted Lisa Stalekar, former Australian player now president of international cricket body FICA.
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While Cricket Australia introduced the Women’s Big Bash League in 2015–16 and The Hundred has seen two seasons in England, media rights for both tournaments are bundled with the men’s tournament.
“We had no expectations as we felt the market was the best place to find value,” IPL chairman Arun Dhumal said. “I’m happy that the number we have is more than in any other league.”
While the WIPL has become the most rated league after the IPL, new entrants are displacing the franchise scheme, the ILT20 in the UAE and the SA20 in South Africa.
That doesn’t mean there was a crazy bid for WIPL rights. Disney Star was the only bidder besides Viacom 18. It was a conservative digital-only bid (98 crore). Sony-Zee showed no interest.
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Market experts say Viacom 18’s bid shows it wants to make more inroads into the cricket market after acquiring its IPL (digital) and Cricket South Africa rights.
With media rights making the central pool heavy, aspiring franchisees will
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