Wipl Cricket Auction – With the WIPL Team Auction scheduled to take place today, it’s time to take a look at all the details of the event.
The Board of Control for Cricket in India (BCCI) will release all five franchises for the inaugural edition of the Women’s Indian Premier League (WIPL) on Wednesday, January 25. A total of 17 bidders are participating in the WIPL equipment auction. takes place today in Mumbai.
Wipl Cricket Auction
Interestingly, seven of these 17 bidders also have teams in the IPL-Mumbai Indians, Delhi Capitals, Kolkata Knight Riders, Punjab Kings, Rajasthan Royals, Royal Challengers Bangalore and Sunrisers Hyderabad. Initially, 33 units had expressed interest in the WIPL equipment auction. However, 17 bidders made a technical offer.
Women’s Ipl Teams Auction: All You Need To Know
With the WIPL Team Auction scheduled to take place today, it’s time to take a look at all the details of the event.
Apart from seven IPL franchise owners Adani Group, Capri. Global, Haldiram’s Group, Torrent Pharma, Apollo Pipes, Amrit Leela Enterprises, Shriram Group and Slingshot 369 Ventures Private Limited are vying for ownership of the WIPL team in the auction. BCCI has not selected any base price. Participants submit their bids for ten years.
The BCCI has so far chosen ten cities as its base. The cities are: Kolkata, Mumbai, Chennai, Ahmedabad, Delhi, Lucknow, Indore, Bangalore, Guwahati and Dharamsala. Participants can bid for more than one city. However, it has been decided that bidders can ultimately acquire the property from only one city.
Franchises will get Rs 12 crore for the WIPL player auction. A franchise can have a maximum of seven overseas cricketers. Each franchise must sign at least 12 players in the WIPL Player Auction.
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The five participating teams will face each other twice in the league stage. The winner of the best place goes directly to the final. The second- and third-placed teams will meet in a play-off to finish the final spot in the summit. LSG vs I: Ubai Indians beat Lucknow Super Giants by 81 runs to face Gujarat Titans in Rank 2
NEW DELHI: The BCCI is set to enrich itself by up to Rs 4,000 crore, with some of the top business firms bidding aggressively for the five Woen’s IPL (WIPL) teas to be auctioned on Wednesday.
According to experts at Arket, the sealed bid auction is expected to price the roads “in the range of INR 500-600 million” per road.
“WIPL has a lot of potential, but most of the legacy teas would like to optimize with pragatis,” an industry insider, who has previously worked on en tea’s IPL bid, told PTI ahead of the auction.
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“Expect some bids from Rs 500 crore onwards. More than Rs 800 crore may be a bit of a stretch but BCCI is not complaining,” he added.
Ithali Raj leaves Woen’s IPL options open: player or all-rounder or even tea owner Forer India captain Ithali Raj leaves Woen’s options open for next year’s IPL tournament: player or all-rounder or even tea owner. The BCCI recently announced that the IPL opening party will be held ahead of the tournament next year. “I will keep the role
More than 30 odd companies have bought tender documents worth Rs 5 lakh including 10 IPL teas. Notable companies such as Adani group, Torrent group, Haldira Prabhuji, Capri Global, Kotak and Aditya Birla Group have also shown interest in buying the tea.
Among the traditional IPL teas, Ubaid Indians, Rajasthan Royals, Delhi Capitals and KKR could seriously consider adding to their already existing bouquet of teas around the world.
Women’s Premier League Auction
According to Arket’s experts, there are two principles when business houses make these offers.
The first is “return on investment” (ROI), which is the main principle of any business. This is the benefit of what the unit spends.
The second is not a business principle as such, but in business circles it is called “The Return of the Ego.”
This is a silent promotion where some of the larger companies are willing to pay any amount if they have their eye on a particular property. Even if it takes five to seven years to reach profitability.
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An existing IPL franchise with a ‘permanent income component’ can afford to ‘bleed’ some ore in the first few years that are operational.
A former IPL franchisee official who had worked on the bids explained the rationale behind the procurement.
“Let’s say the franchise accepts a winning bid of Rs 500 crore over a five-year period. Now it’s Rs 100 crore, collected immediately for each of the next five years,” the source explained.
“BCCI distributes its revenue through broadcast media, which is one of the main sources of revenue. Another is part of BCCI’s central sponsorship fund. Third is franchisee’s sponsorship revenue. Fourth is door sales, second is revenue from tickets,” he elaborated.
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“BCCI will share 80 per cent of publishing rights with teas for Woen’s IPL (50:50 for en) to help develop a sustainable model.
“So what about theater? JIO has invested Rs 950 crore (approx) in publishing rights over five years, which is roughly Rs 190 crore a year. So 80 percent of Rs 190 crore is Rs 152 crore
“We are asking for a round sum of R150 million. This is what each franchise will receive over a five-year period, which is approximately R30 million a year,” he explained.
“Now BCCI also shares a part of its core sponsor fund (main sponsor, co-sponsors, various prize sponsors) with the franchise as well. Add to that the franchisee’s own revenue fund. So it can be between Rs 15 and 18 crore per year. Door sales will not give you much revenue in the first year,” he said.
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“The salary cap for the team is 12 million. Add another 6-8 million to the salary of the support staff. Let’s go to 20 million. Add the hotel expenses, dues to the national associations for the stadium and other operating expenses. It could be Rs 6-8 million. In the first year, one city would reduce expenses.
“Therefore, the annual cumulative costs could be 128-130 million. The income would be around 50 million. So there is a possibility that in the first years there will be a loss of 50 million or more,” he explained. . .
“Legacy (IPL) franchises are better positioned to recover these losses as they are already making profits after 15 years of IPL. They will put together their path and truth and maybe take the profit zone quickly,” added the official.
The five-way WIPL is played arch a ubai onth of arch a ubai at a couple of venues.
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NEW DELHI: Viacom18 on Monday won the media rights for the 2023-2027 Indian Premier League (IPL) for women. In an auction held in Mumbai on Monday, Viacom18 won the rights with a bid of Rs 951 crore, which translates to a value of Rs 7.09 crore for the game.
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“Congratulations to @viacom18 on winning media rights for Women’s @IPL. Thank you for your trust in @BCCI & @BCCIWomen. Viacom has committed INR 951 million, which translates to INR 7.09 million per game over the next 5 years. (2023- 27).This is very important for women’s cricket,” BCCI secretary Jay Shah tweeted.
Earlier, Viacom18 had raised INR 23,758 crore for the IPL 2023-27 media rights for the digital rights (B and C packages) of the Indian subcontinent. Viacom18 won the rights to Australia, South Africa and the UK during the same period.
They also hold the broadcast rights for the ongoing SA20 franchise league and the Indian broadcast rights for international cricket in South Africa from 2024 to 2031.
“Following equal pay, today’s Women’s IPL media rights bid marks another historic mandate. This is a major and decisive step in empowering women’s cricket in India, ensuring participation by women of all ages. A new dawn ! #WIPL @ ICC @BCCIWomen,” Shah added.
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After hosting the Women’s T20 Challenge as an exhibition event from 2018 to 2022, the BCCI is all set to launch its inaugural edition.
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