What was the amount earned by BCCI from the sale of five teams in the inaugural Women’s Indian Premier League (WPL) in January 2023?
A₹4,669.99 crore
B₹7,245.89 crore
C₹951.25 crore
D₹1,289.50 crore
Answer:
A. ₹4,669.99 crore
Read Explanation:
Women's Premier League (WPL) Inaugural Team Sale
Record-Breaking Revenue
- The Board of Control for Cricket in India (BCCI) generated a substantial revenue of ₹4,669.99 crore from the sale of franchise rights for the five teams in the inaugural Women's Indian Premier League (WPL).
- This sale took place in January 2023, marking a significant financial milestone for women's cricket in India.
Significance of the Sale
- The amount earned underscores the immense commercial potential and growing popularity of women's cricket.
- This funding is crucial for the development and sustainability of the WPL, enabling investment in infrastructure, player development, and broadcasting.
Team Ownership
- The five inaugural franchises were acquired by various entities, including established IPL team owners and new investors, demonstrating broad commercial interest.
- The sale price per team varied, with the highest bid significantly exceeding expectations.
Background
- The WPL was established as India's premier T20 franchise league for women, inspired by the success of the men's IPL.
- The BCCI aimed to create a platform that would elevate the standard of women's cricket, provide better opportunities for players, and increase its commercial viability.
Financial Impact
- The ₹4,669.99 crore figure represents the total value of the media rights and team ownership combined over a specific period, typically the initial contract duration.
- This financial injection is expected to have a ripple effect across the entire women's cricket ecosystem in India.