Connect with us

Cricket News

Study Report: Has IPL Lost Its Valuation Lustre?

Published

on

In a shocking development for Indian cricket, for the first time in recent years, the IPL’s business enterprise value dropped to $9.9 billion from $11.2 billion last year. 

Despite the decline, five-time champions Mumbai Indians have once again emerged as the most valued IPL franchise in 2024, followed by Chennai Super Kings.

According to D & P Advisory’s 2024 IPL & WPL Valuation Report: ‘Compared to the last edition, the IPL ecosystem value has fallen from INR 92,500 Cr to 82,700 Cr, marking a decrease of around 10.6%. In US dollar terms, this translates to a decline from $11.2 billion to $9.9 billion, representing a decrease of approximately 11.7%.

‘This downturn comes despite the league’s unyielding allure, which continues to attract audiences across television and digital platforms.’

‘The decline in value results from a reassessment of media rights,’ the report further adds. ‘D & P Advisory’s prior report had factored in certain assumptions on the media rights valuation when it gets renewed (post the current cycle), but recent developments in the Media & Entertainment industry and expected reduced competitors / bidders in the next IPL auction have led to a downward revision of the estimates.’

Santosh N, managing partner, D & P Advisory, believes that the fall in the IPL valuation is due to the merger between Star India and Reliance-owned Network18, which will create a monopoly in television and digital broadcasting and limit competition for IPL media rights.

The failed Zee-Sony merger and limited interest from major tech players like Amazon, Meta, and Apple also contribute to the revised estimates.

‘We anticipate certain demand-side constraints in the next IPL media rights cycle auction due to a decrease in number of potential bidders. Several significant developments from the past year have led us to revise our media rights value estimates,’ Santosh said.

‘The days of escalating bid prices driven by fierce competition may be behind us, casting a shadow over the future growth trajectory of IPL’s media rights valuation,’ Santosh added.

‘Despite a substantial growth opportunity for digital platforms, the pivotal question remains: Will market forces generate sufficient competition to drive up the per-match value of IPL rights?’

However, the Women’s Premier League has shown some positive signs with the business enterprise value increases to $160 million after the inaugural edition’s value of $150 million, marking an increase of almost 8%.

‘Compared to the previous edition, the WPL ecosystem’s value has increased from Rs 1,250 Cr to Rs 1,350 Cr, marking an 8% rise. In USD terms, this translates from $150 million to $160 million,’ the D & P Advisory report pointed out.

‘The league has consistently been a thrilling blend of cricket, business, and entertainment, and this year was no different. It continued to captivate audiences across both television and digital platforms,’ the report added.

It suggests that BCCI could look to adopt a strategy similar to that of American sports leagues by segmenting and packaging IPL media rights, which it points out has become a global benchmark for enhancing the value of sports media rights, setting a precedent that can significantly benefit the IPL.

‘If tech giants like Amazon, Google, Apple, and Meta enter into the IPL broadcasting arena, it could further revolutionize sports media in India, as they leverage their digital infrastructure to enhance viewing experience and innovate on content delivery.’

BGT 2024

Rohit’s knee injury not serious, says pacer Akash Deep

Published

on

India pace bowler Akash Deep played down concerns over skipper Rohit Sharma’s knee injury in the build-up to the fourth Test against Australia this week after the batsman was hit during a practice session on Sunday.

Rohit, who missed the opening Test to spend time with his newborn son and has been struggling for form since returning to the team, looked in discomfort after being struck on his left knee in the nets at the Melbourne Cricket Ground.

The 37-year-old continued batting but later received care from a physiotherapist and had an ice pack strapped to his leg, which he rested on a chair.

“Such injuries are quite common when you play cricket and it doesn’t make much of a difference,” Akash told reporters, adding that the practice wicket had been challenging.

“I think this was a wicket for white-ball cricket, so the ball kept a bit low and it was a bit difficult to bat on. But such blows happen and it’s not a concern.”

India battled hard to earn a draw in the rain-interrupted third Test in Brisbane to leave the five-match series locked at 1-1 ahead of the Boxing Day clash.

The tourists won the first Test in Perth by 295 runs before crashing to a 10-wicket defeat in Adelaide.

“It’s 50-50 right now. In the last match, even though we were behind, we built some confidence. This Test match will be very important for both teams,” Akash said.

“Our mindset as fast bowlers is that we can get some quick wickets with the new ball and cause problems for them. We have seen in the three matches that we can create chances with the new ball.

“After 30 overs, however, you have to wait for the batsmen to make mistakes.”

On Saturday, KL Rahul was hit on his hand while batting at the nets at the MCG and was promptly attended to by the visiting team’s physio. India’s opener was hit on his right hand and seen in some discomfort. 

There was no clarity on the extent of injury and the team management did not issued any statement on why he had sought medical attention.

In a video that surfaced on social media, Rahul was seen holding the right hand while receiving treatment.

The opener was also hit on the arm during match simulation on November 17, but was fit to play the opening Test in Perth, five days later.

Rahul has been the team’s in-form batter in the ongoing tour, scoring 235 runs from six innings at an impressive average of 47.

The elegant right-hander has so far struck two half-centuries and is set to open the batting alongside Yashasvi Jaiswal in the fourth Test.

Overall, he is the second highest scorer in the marquee series behind Australia’s swashbuckling middle-order batter Travis Head, who has already smashed two hundreds.

Continue Reading

BGT 2024

Melbourne Test: Injury scare for KL Rahul

Published

on

India opener KL Rahul got hit on his hand while batting at the nets in Melbourne on Saturday and was promptly attended to by the visiting team’s physio ahead of the fourth Test against Australia.

Rahul was hit on his right hand and was seen in some discomfort at the Melbourne Cricket Ground, which will host the Boxing Day Test from December 26 with the five-match series levelled at 1-1.

There is no clarity on the extent of injury and the team management has also not issued any statement on why he had sought medical attention.

In a video that surfaced on social media, Rahul was seen holding the right hand while receiving treatment.

The opener was also hit on the arm during match simulation on November 17, but was fit to play the opening Test in Perth, five days later.

Rahul has been the team’s in-form batter in the ongoing tour, scoring 235 runs from six innings at an impressive average of 47.

The elegant right-hander has so far struck two half-centuries and is set to open the batting alongside Yashasvi Jaiswal in the fourth Test.

Overall, he is the second highest scorer in the marquee series behind Australia’s swashbuckling middle-order batter Travis Head, who has already smashed two hundreds.

Battling through multiple rain interruptions, Rahul held firm with a vital knock of 84 in India’s first innings of the third Test in Adelaide, the innings going a long way in helping India to save the match.

Continue Reading

Cricket News

IPL 2025: Punjab Kings Star Shreyas can’t wait to work again with Ponting

Published

on

Punjab Kings’ costliest acquisition Shreyas Iyer is “super excited” about being a part of the franchise and is hopeful of delivering results from the very first match.

It has been a remarkable year for Punjab Kings’ latest acquisition. At the start of the year, Shreyas Iyer was part of the Mumbai team that won the Ranji Trophy for the 42nd time. He then led Kolkata Knight Riders to their third Indian Premier League title. He was also a member of the Irani Cup-winning Mumbai team.

Under his leadership, Mumbai won the 2024-25 Syed Mushtaq Ali Trophy (SMAT), their second SMAT title, last week.

“Surreal feeling after winning Syed Mushtaq Ali Trophy. A lot of hard work took place behind the scenes. The boys were tremendous with their performance. Now we are done with this part,” Iyer said in a video uploaded on Punjab Kings’ official social media handles.

Now, the Mumbai cricketer is laser-focused on a significant task: winning a maiden IPL trophy for the Punjab Kings. Iyer, who was signed on by the Kings at the Auctions last month for Rs 26.75 crore, expressed his excitement about joining the franchise.

“Super excited to be part of Punjab Kings. I cannot wait to join the Punjab Kings family. It’s been a great year for me to win four trophies. My main goal is to win the IPL trophy for Punjab,” Iyer said.

The 30-year-old, who has previously played under the guidance of former Australia World Cup-winning Captain Ricky Ponting in the IPL, said he is looking forward to brainstorming alongside one of the cricketing legends once again. Earlier this year, the Kings announced Ponting as the new Head Coach for the franchise.

“I can understand what the feelings must be among the fans. With Ricky coming in, we have shared a great camaraderie from the past. We would be putting our thinking caps on and brainstorming on many aspects. Hopefully, we will deliver from the match one,” Iyer signed off.

Shreyas worked alongside Ponting for three seasons when he was the captain of Delhi Capitals while the former Aussie captain was the Head Coach.

Continue Reading

Trending