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IPL’s new team’s base prize is 1500 crores, 750% more than in 2008

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IPL's new team's base prize is 1500 crores, 750% more than in 2008 World Daily News24 - English

IPL's new team's base prize is 1500 crores, 750% more than in 2008 World Daily News24 - English

  • The base prize was kept at Rs 200 crore in 2008, two new team caterers are to come in April.

Two new teams will play from IPL 2022. The BCCI has made an official announcement in this regard. Two team tenders are to be withdrawn in April. According to the information, the base prize of the new team will not be less than Rs 1500 crore. This is 750 percent more than in 2008.

The base prize for each team in 2008 was Rs 200 crore. In 2008, Reliance Group bought the maximum franchise of Mumbai Indians for Rs 447 crore. That is 223 percent more than the base prize. A board official said that this was discussed at the AGM held last month. Being part of the IPL is a beneficial agreement for all. In this case, its base prize will be at least 1500 crores. He said that the IPL Council will declare the base prize and the date of the tender.

2900 crores was received from 8 teams 13 years ago

2900 crores was received from 8 teams 13 years ago, in 2008, 2900 crores was received from 8 team. This time there is a possibility of getting 3000 thousand crores from only one team. After Deccan’s withdrawal, Sun TV bought the Hyderabad franchise for Rs 85.05 crore every year in 2012. In 2010, Sahara Nepune bought 1733 crores, Rendezvous bought Kochi for 1533 crores.

Mumbai was the highest bid

Franchisee Get money Current brand value
Mumbai Indians 447 809
Royal Challengers Bangalore 446 595
Deccan Chargers 428
Chennai superkings 364 732
Delhi capitals 336 374
Kings xi punjab 304 358
Kolkata Knight Riders 300 629
Rajasthan Royals 268 271

Note: Amount in crore rupees. The base prize of all was 200 crores. Deccan no longer plays. Hyderabad has been incorporated since 2013. The brand value is Rs 483 crore.

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