Chennai Super Kings has won the title of IPL-2023.
Chennai Super Kings, the team of ‘Captain Cool’, has won the title of IPL-2023. Along with this, money has also rained on the team and its players. But do you know how an IPL team ultimately earns? What is the economics behind it?
Let’s say, IPL is now one of the most expensive and profitable sports event not only in India but also in the world. This is the reason why players from India and abroad are always ready to play in IPL. After all, who doesn’t like money?
Chennai Super Kings will earn huge
Now that Chennai Super Kings have won the final of IPL-2023, then the prize money of 20 crores will go directly to the account of Chennai Super Kings. Anyway, Chennai Super Kings is one of the most valuable franchises of IPL. Its valuation in 2022 was $ 1.15 billion (about Rs 94 billion). This is India’s first unicorn sports company.
Now apart from the prize money, Chennai Super Kings will also get a share in the revenue of the BCCI, which organizes the IPL event. BCCI has a central contract revenue pool sharing pact with all the franchise teams. BCCI earns money by selling title sponsor, broadcasting rights, OTT streaming rights.
A large part of this, about 50 percent, is distributed among all the franchise teams. Now that Chennai Super Kings has become the winner of IPL 2023, it will get the maximum share out of the Rs 48,000 crore central revenue of BCCI.
(This news is being updated)
