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  • DAILY CURRENT AFFAIRS:Indian Premier League becomes the second most expensive sports league in the world

Indian Premier League becomes the second most expensive sports league in the world

Tags: Sports

The Indian Premier League (IPL) has overtaken the English Premier League (EPL) league to become the second most expensive sports league in the world. The Indian Cricket Board earned a total of 48,390 crores from these media rights distributed in four packages in the e-auction for the year 2023 to 2027.

  • This is the second-largest sale of media rights in the history of sports. The total value for each IPL match has gone up to Rs 118 crore. This time there will be two separate broadcasters for both the TV and digital segments.

  • The TV rights for the Indian subcontinent were bought by Disney Star for Rs 23,575 crore (Rs 57.5 crore per match) but the digital rights went to Reliance's Viacom 18 for Rs 20,500 crore.

  • The A and B package includes 410 matches for the next five years. Viacom also bought a C package of 'non-exclusive' rights for Rs 2991 crore.

  • Package D contained overseas TV and digital rights that Viacom18 and Times Internet bought for Rs 1,300 crore. With this the monopoly of the single broadcaster also ended.

The cost of a match in the top five sports leagues in the world:

  • NFL (National Football League): Rs 133.31 crore

  • IPL (Indian Premier League): Rs 118 crore

  • EPL (English Premier League): Rs 85.89 crore

  • MLB (Major League Baseball): Rs 85.89 crore

  • NBA (National Basketball Association): Rs 15.61 crore

Former Broadcasters:

  • Star India-Disney were the current holders of the IPL rights for the 2017–22 cycle, with a maximum bid of Rs 16,347.50 crore for both TV and digital in September 2017.

  • Earlier, Sony Pictures Networks had acquired IPL TV media rights with a bid of Rs 8,200 crore for a period of 10 years during the start of the tournament.

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