So many crores profit made from the IPL series..!?

Sowmiya Sriram
So many crores profit made from the IPL series..!?
The surplus money received by bcci from the 2023 IPL series has been revealed. IPL, the t20 cricket league series, plays an important role in taking cricket around the world. The quality of the competition, the excitement, and the action of the star players make the IPL series unique. In that way, let's know here the surplus amount earned by bcci from the IPL series. The cricket series is watched by more people in India. Millions of fans watch cricket.
Similarly, more business is done in cricket than in any other sport. In particular, cricket in india-Latest Updates, Photos, Videos are a click away, CLICK NOW">the board of control for cricket in india is the highest revenue-generating sports body. Another major reason for that is the IPL series. IPL is the number 1 t20 league among the most popular t20 leagues across the world. In that way, through the 2023 IPL series, cricket in india-Latest Updates, Photos, Videos are a click away, CLICK NOW">the board of control for cricket in india will receive around Rs. 5,120 crore surplus has been reported. In the 2022 IPL series Rs. 2,367 crore as surplus reported by bcci, and the surplus has increased by 116 percent in one year alone.
That is, the total revenue generated by the IPL series in 2023 alone is Rs 11,769 crore. This is an annual growth rate of 78%. The main reason for this growth is the new media rights and sponsorship of the IPL series. From 2023-27, the new media rights alone will cost Rs. 48 thousand 390 crores of business. Disney Star acquired the IPL tv rights till 2023-27 for Rs 23,575 crore. Similarly, jio Cinemas is offering wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital license for Rs. 23 thousand 758 crores received. Tata Sons has acquired the IPL title license for a total of Rs. They paid 2500 crores and made it their own.
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