The Indian Premier League in India is a professional 20-20 cricket league that eight teams representing eight various Indian cities or states usually compete between March and May of each year. The Board of Control for Cricket in India (BCCI) founded the league in 2007. The IPL has a designated slot in the ICC Future Tours Programme.
The IPL is the most successful cricket league globally, ranking sixth among all sports leagues in terms of average attendance in 2014. In 2010, the IPL became the world’s first live-streamed sporting event on YouTube. According to Duff & Phelps, the IPL’s brand worth in 2019 was $475 billion (US$6.7 billion). The 2015 IPL season added $11.5 billion (US$160 million) to the Indian economy, according to the BCCI.
The IPL tournament has lasted thirteen seasons. The Mumbai Indians are the reigning IPL champions, having dominated the 2020 season. Due to the COVID-19 pandemic, the 2020 season’s venue was changed, and games were held in the United Arab Emirates.
The IPL has done a lot of good, and long may it continue.
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Massive Financial Gains. -
A Lot of Money for the Players. -
Ancillary Recipients.
Massive Financial Gains.
To begin with, the BCCI has paid over 2.5 crores in taxes over the last 11 years. Sponsorship and television rights have brought in a lot of money. As a result, India has maintained its role as the world’s economic superpower of cricket. The BCCI has contributed by disbursing over 2.5 billion rupees to the various state boards. The BCCI has recently paid ex-cricketers a one-time benefit of 110 crores from IPL earnings. These amounts, which ranged from 25 lakhs to 1.5 crores, were particularly beneficial to retire and ex-cricketers who played when the sport was not as lucrative.
It’s almost everyone! The players, BCCI, other countries’ commissions, coaches, and support personnel, among others.
A Lot of Money for the Players.
The players, without a doubt, have reaped tremendous benefits from quantitative gains. It is by far the highest-paying T20 league, and when you know that it is a 6-week competition, it is one of the best-paying leagues in the world in all sports when you equate the amount of money earned with the number of games played/duration played. The IPL comes in third place in terms of television rights costs per season, behind the NFL in the United States and the English Premier League.
Top international cricketers like to be a part of it to win a lot of money when competing. However, the IPL has revolutionized the amount of money that domestic players will receive. The IPL has seen a lot of rags to riches stories. Players like Md. Siraj and Pawan Negi come to mind as reminders of individuals from poor beginnings who have amassed vast amounts of money solely because they deserve it. Then there are players like Robbie (Robin) Uthappa, who, despite no longer being a member of the Indian side, make a lot of money during the IPL.
Ancillary Recipients.
A recent article listed a couple of sports goods stores in Chennai named after well-known Indian cricketers. The CSK jersey was the most common brand in these stores. The IPL has helped everybody from store owners, uniform manufacturers, tea stall sellers in the numerous stadiums, face mask painters, stadium ushers, guys selling ice creams, sweets, and soft drinks in the stadiums, to the transportation firms that transport the various players, broadcast infrastructure facilities, and hotels throughout the different cities.
The success of the IPL has benefited Indian cricket and the Indian economy greatly and continues to do so.