Owners of the IPL feel dissuaded from investing in other leagues.
At a meeting with franchise owners ahead of the Indian Premier League (IPL) mini-auction on Friday, officials from the Board of Control for Cricket in India (BCCI) made a remark that caused a lot of people to chuckle. This discouraged owners from investing in other leagues.
In light of the proliferation of rival leagues in the sport, the owners were reminded that the Indian Premier League was the market leader by a significant margin. We were not instructed to leave the other leagues. However, it seemed odd that the subject should be brought up when franchises have made numerous global investments and are working to make them work, according to an unnamed franchise owner.
Due primarily to the exclusion of Indian players from all other T20 leagues, the IPL has held the lead among all T20 leagues. They continue to be the most popular cricket team, and the Indian market controls sponsorships and media rights revenue. ILT20 comes in a distant second with a media rights income of 100 crores per year, while the BCCI earns 9000 crores annually from the IPL.
After a number of IPL franchises have moved on to other leagues
All six of Cricket South Africa’s upcoming SA20 teams are owned by IPL owners. Three IPL owners will own the ILT20 that will run simultaneously in the UAE. There are two IPL owners of the Caribbean Premier League. The Kolkata Knight Riders have stakes and will field a Major League Cricket team next year in the United States.
To maintain the Knight Riders brand throughout the year and cultivate a fan base, it was crucial to successfully construct a model domestically and replicate it in other markets. In a recent interview, KKR CEO Venky Mysore stated, “We are fortunate to turn our vision into reality with the ILT20 where we will play in January, the IPL in March-May, the MLC in June-July in the US, and the CPL in August-September.”
2023 IPL Auction: After a frantic bidding day, the final updated squads of all ten franchises were revealed.
When asked about IPL owners buying stakes, he did not share the same thoughts as the franchises earlier in the day. Franchise owners only have a limited interest in other leagues. They won’t stop us.
The BCCI has no plans to change their policy regarding the controversy sparked by former cricketers’ claims that Indian players can benefit from playing T20 cricket in international conditions. It is a matter of policy. The BCCI is quite explicit. There is no room for Indian participation because of the calendar,” Dhumal stated.