IPL broadcasting rights expected to fetch BCCI up to USD 5 billion in next 5-year cycle
India Today
Indian cricket board could more than double its revenue from IPL broadcasting rights and reach USD 5 billion (around Rs 36,000 crore approx) in the next five-year cycle.
The Board of Control for Cricket in India (BCCI) is set for a windfall of gigantic proportions as the IPL broadcast rights (TV and digital) could fetch the Board up to USD 5 billion for the next five-year cycle (2023-2027) while some high-profile interest is being seen in the bidding process for the two new teams.
The current five-year rights (TV and digital) for IPL from 2018 to 2022 are with Star India but, according to people who are in decision-making capacity, the valuation, which is at Rs 16,347.50 crore (USD 2.55 billion) right now, could more than double and reach USD 5 billion (around Rs 36,000 crore approx at current exchange rate).