Wipl Cricket – Other than the current IPL owners, potential franchises may have to make a big offer on Wednesday, which could increase the value of the upcoming league team.
A total of 17 buyers have expressed interest in participating in the franchise ownership auction on Wednesday for the upcoming five-team Women’s IPL (WIPL) starting in March. They should have a net worth of more than ₹1000 crore to be eligible.
Wipl Cricket
Seven IPL teams submitted technical bids (meet eligibility criteria) on Monday.(HT_PRINT)
Women’s Ipl 2023: Franchises To Be Announced, 10 Cities Shortlisted, Base Price
As many as seven IPL teams – Mumbai Indians, Delhi Capitals, Royal Challengers Bangalore, Sunrisers Hyderabad, Kolkata Knight Riders, Rajasthan Royals and Punjab Kings – have submitted technical bids (meet the eligibility criteria) on Monday.
New IPL teams Gujarat Titans and Lucknow Supergiants, who joined the league in 2021 by paying huge sums, did not want to have too much on their plate for now and stayed away. Surprisingly, Chennai Super Kings, which also owns a team in the current T20 league in South Africa, did not submit a technical bid.
Companies outside the IPL mix that have shown interest include Adani Group, Torrent Pharma and Capri Global. All of them just felt a little missing during the latest IPL team expansion.
The economics involved in the WIPL are very different with media rights for five years at ₹951 crore, 2 percent of the value of the men’s IPL rights. However, the number was significant in the context of women’s cricket (Rs 7.09 crore per match) and stakeholders are excited about how this value can help them make the league a long-term success.
Women’s Cricket Will Be Stormy Next Year Before The 10 Teams Of Ipl, Big Update Came Out On The Organization Of Wipl
The media rights amount ensures a revenue share of around Rs 300 crore for the franchisees over a period of 10 years. This will help cover the franchise expenses payable to the BCCI. The more they bid, the longer it will take. If most of those who have expressed initial interest are also making financial offers, there may be some high bidders.
The BCCI has clarified in the bid document that they are not required to give the ownership of the team to the highest bidder and that they will consider the proposal for the development of women’s cricket submitted by the bidders. Will watch. For those outside the IPL ecosystem, your bids may need to be higher.
“We have left it open to anyone who meets the eligibility criteria to bid. But we will be very happy if the existing franchises want to align with our thinking to make the league a success,” Irwin said. Dhumal, the IPL chairman said last week.
At stake are the long-term viability of the league, corporate social responsibility, and the opportunity for existing IPL teams to expand their cricket schedule with another tournament featuring Indian cricketers, 2,500 to 3,500 for five teams. Nothing among crores will surprise anyone. .
Women’s Premier League Wipl 2023 Live Reactions: Teams Announced, Records Broken, Stats
Prospective team owners have been given the option to base their operations in ten cities – Ahmedabad, Kolkata, Chennai, Bangalore, Delhi, Dharamsala, Guwahati, Indore, Lucknow and Mumbai.
But it will count as nothing more than a branding exercise for now, with the BCCI looking to launch the league by focusing on matches in one or two cities. The plan is that the inaugural edition will be played in Mumbai.
Catch all the latest cricket news and live scores with IPL 2023 and IPL schedule updates on Hindustan Times
Newsletters, Alerts and Recommendations Get personalized news and exciting offers Bookmark stories you want to read later Viacom 18 offers Rs 7.09 crore per match and reserves prices WIPL, All Men’s starting in March By beating T20 leagues of non-IPL
Wipl 2023: Eight Ipl Franchises Show Interest In Owning Teams For Women’s Ipl
The Women’s IPL (WIPL) got a mini-bonanza on Monday as it gears up for its start in March. The Cricket Board of India announced Viacom 18 as the broadcast partner for 134 matches over the first five years (2023-27) with a commitment of ₹ 951 crore – ₹ 7.09 crore per match.
BCCI Secretary Jay Shah tweeted, “This is huge for women’s cricket. “After Pay Equity, today’s bid for media rights for the Women’s IPL marks another historic mandate. she does. This is a big and decisive step to empower women’s cricket in India, ensuring the participation of women of all ages. A new morning indeed!
One should not be bothered by the comparison with the IPL, whose media rights were sold last year for Rs 48,390 crore over five years (2023-27). The highly successful men’s league is entering its 16th edition, while India’s women cricketers are yet to become world-class players and only a few are household names.
The effects of these numbers can still be far-reaching. “Words can’t really describe what this means for the girl in India, for women’s cricket in India, for women’s sport, for sport in general. It’s a joy to see. It’s changed the landscape forever. Will change,” tweeted former Australian cricketer and now president of International Cricketers’ Association FICA, Lisa Staliker.
Wipl Media Rights: Top 3 Broadcasters Get Into The Auction Process To Win The Battle Of Women’s Ipl Media Rights
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 competitions have been merged with the men’s tournaments.
“We didn’t set any expectations because 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 higher than any other league.”
However, the WIPL has become the most valuable league after the IPL, displacing new entrants on the franchise circuit, the ILT20 in the UAE and the SA20 in South Africa.
This does not mean that there was a huge bid for WIPL rights. Apart from Viacom 18, Disney Star was the only bidder. It was a conservative digital-only bid (₹98 crore). Sony Zee showed no interest.
Run Mark Breached Twice In 5 Wipl Games
Market insiders say that Viacom’s offer of 18 indicates that it wants to gain more foothold in the cricket market after acquiring the rights to IPL (digital) and Cricket South Africa.
With media rights forming a major part of the core pool, aspiring franchisees (will acquire 80% stake in the first five years) are assured a minimum of ₹300 crore each over 10 years. At a base-level break-even calculation, BCCI can expect to raise at least another ₹1,500-2,000 crore from the sale of the franchise. Bidding will open on January 25.
“The media rights partners change every few years, but the ownership of the team is eternal. We are very confident of a very good response in the franchise property auction,” Dhumal said.
It was revealed that 29 companies, including all 10 existing IPL franchises, have bought the tender document, including Manchester United owner Oram Glazer.
Andrew Strauss Makes Big Prediction For Wipl, Says It Would Accelerate Growth Of Womens Cricket
Recently retired Mithali Raj and Jhulan Goswami are set to return to play in the inaugural WIPL. Both had registered for the player auction to be held in early February, officials said.
The BCCI has planned a team player purse of at least ₹ 15 crore. This will likely give big names like Indian captain Harmanpreet Kaur and Smriti Mandhana a chance to become millionaires. Raj and Goswami, in addition to their experience and mentoring skills, can be used by franchisees for marketing activities. The idea of naming five icon players before the auction has been shelved.
The 22-game league is expected to start in the first week of March. While franchisees will have the option of 10 cities to choose to base their operations, the first edition will be played only in Mumbai and Pune.
Catch all the latest cricket news and live scores with IPL 2023 and IPL schedule updates on Hindustan Times
Wipl: Bcci Aims To Finalize Venues, Auction Date By Early November
Newsletters, Alerts & Recommendations Receive personalized news and exciting offers Bookmark the stories you want to read of late Home » Cricket Home » News » ‘Women’s cricket to take the next level’: Mandhana, foreign Players react to WIPL’s media rights being sold for Rs 951 crore
‘Women’s cricket to go to next level’: Mandhana, foreign players react to sale of WIPL media rights for Rs 951 crore
According to the BCCI statement, Viacom 18 bagged the rights worth Rs 951 crore over five years after beating the likes of Disney Star and Sony.
The inaugural edition of the Women’s IPL is expected to usher in a new wave of cricket across the country. On Monday, the BCCI confirmed that the broadcast rights of the tournament have been sold and the full price has started to attract the attention of foreign players.
Wipl: 17 Companies To Bid For Teams
According to a board statement, Viacom 18 bagged the rights worth Rs 951 crore over five years after beating the likes of Disney Star and Sony. Over the next five years, the fee per match will reach Rs 7.09 crore. The tournament is likely to start in the first week of March, during which five teams will compete and all the matches will be held in Mumbai.
Read this also WIPL media rights cost more per match than men’s PSL as BCCI stands to earn Rs 7 crore per match
Viacom18 Media Pvt Ltd will acquire the replay rights from WIPL season 2023 to WIPL season 2027 for a total consideration of INR 951 crore (ie INR 7.09 crore per match).—BCCI (@BCCI) December 16, 2023.
Congratulations to @viacom18 for winning @IPL media rights for women. @BCCI and I thank you for your trust
Women’s Ipl 2023
Wipl, cricket byop, cricket 5g, cricket shirts, cricket mobile, cricket wireless, cricket removal, mi cricket, cricket betting, cricket data, cricket discount, cricket exterminator