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the growth of the Indian Premier League (ipl) has been spectacular. Only 15 years after its launch, India’s biggest domestic cricket contest, which this year began its annual rendition on March 31st, has become by one measure the world’s second-most lucrative sports league after America’s National Football League (nfl). The sale of five-year media rights to the ipl , which uses the fast-paced Twenty20 (t20) cricket format, raised $6.2bn last year for its organiser, the Board of Control for Cricket in India. This commercial success has confirmed India as by far the .. But the owners of the ipl’s team franchises, who include some of India’s richest men and biggest companies, want more.
The valuations of ipl franchises are much less than the billions that English football clubs and American football teams can trade for. Two new ipl teams were sold in 2021 for $940m and $750m. This mostly reflects how little cricket they play. The ipl season consists of 74 matches played over two months. The nfl hosts 272 games a year. To expand their playing time, India’s franchise owners are looking abroad.
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