Women’s IPL: Base Price For Women’s IPL Franchise Will be Rs 400 Crore
Women’s IPL: The BCCI has maintained the basic price at Rs 400 crore as it prepares to hold a formal tender to auction out five franchises for the forthcoming women’s T20 league, which will begin in March 2023. (USD 50m approx). The Mumbai Indians franchise was sold for USD 111.9 million (about Rs 446 crore) at Rs 40 per dollar in 2007–08 and served as the benchmark for the cricket board’s decision.
Those in the know of developments said
“The benchmark had to be set somewhere, and the BCCI had been gathering a bit of market intelligence on this, keeping in mind the demand and market interest.”
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Women’s IPL: Financial Structure
Depending on the level of interest the auction receives after the release of the tender document, the Board anticipates that the franchise will be sold for between Rs 1000 and Rs 1500 crore, or even more. Nobody has yet been prepared to publicly discuss these expectations, though.
“The winning franchise will pay the ownership fees to the BCCI over five years in equal installments and continue to own the property for perpetuity, like in the men’s IPL.”
The current base price (Rs 400 cr) set by the cricket board is marginally less than the price at which the most expensive franchise (Mumbai Indians) was sold in the Indian Premier League (IPL) back in 2007-08 (Rs 446 cr / US$111.9m). If the value of the US dollar from 15 years ago is considered. By selling these five franchises, the BCCI may hope to raise between Rs 6,000. And Rs 8000 crore (in the neighborhood of $1 billion). The BCCI has invited the current owners of the men’s IPL teams to participate in the tender process. Still, all investors who meet the cricket board’s minimal eligibility requirements are welcome to do so.
Women’s IPL: The Tournament’s Model
There is absolutely no assurance that we should make the bids of an existing IPL franchise owner. If a new investor matches, the existing franchise owner will be given preference. In addition, BCCI can use the fact that all 12 EPL club owners are involved in the Women’s Super League. The women’s version of the English Premier League, as a point of comparison. When the women’s teams were distributed in the US, the existing clubs were given first-refusal rights in their respective regions.
Four NBA clubs took the rights reserved, while four other teams were purchased by people who owned NFL clubs.
Industry voices say
“The BCCI should have a strict and specific technical bid in this case. If an existing franchise owner and a new investor were to put in the same financial bid, the technical bid should allow the bidder with more experience in this space to prevail. It will be good for the women’s league in the longer run.”