The professional and biggest Twenty20 cricket league in the world, Indian Premier League (IPL) also known as cash-rich league is held every year during April and May. The league was founded and run by the Board of Control for Cricket in India (BCCI). The 10th edition of IPL kicks offs on 5th April and is scheduled to conclude on 21st May with final match. Ben Stokes is the most expensive buy of this year’s IPL auction as he is bought for £1.7m by Rising Pune Supergiant. just taken place and all the 8 teams are now ready with their squads. IPL is one of the biggest sports events.
The IPL is the most-attended cricket league in the world. As per Duff & Phelps, the brand value of IPL is $4.16 billion after the 2016 edition. The title sponsor of the IPL 2017 is Vivo and thus, the tournament is officially known as the Vivo IPL 10. Sunrisers Hyderabad is the defending champions of the season.
IPL Revenue sharing model
IPL revenue sharing model is very much similar to other big sports league where most of the money league earns from TV rights deal which is shared between the teams while revenue also comes from IPL title sponsors and other partner companies.
The small percentage of money which gets from TV rights deal and sponsors used as prize money which is distributed according to team perform in the league.
IPL 2017 Prize Money
IPL 2017 prize money is around US $8 million (₹51 crore). The winner team of 2017 IPL will get around $4 million (₹26 crore) while the runner up team will get $2 million (₹12.9 crore). The third and fourth placed team will get ₹6.5 crore each.
|WINNERS||₹25.8 crore ($4 million)|
|Runners-up||₹12.9 crore ($2 million)|
|3rd Placed Team in Playoff||₹6.5 ($1 million)|
|4th Placed Team in Playoff||₹6.5 ($1 million)|
|Other four teams ?||Teams who don’t qualify for playoffs will not any prize money|
|IPL Players get prize money ?||YES, according to BCCI/IPL, half of the prize money won by team will be awarded to the players|
2016 IPL season is scheduled to play from the 9th April to 29th May in the 10 different cities of India. The Vivo IPL T20 tournament will be played between the 8 teams – Gujarat Lions, Mumbai Indians, Royal Challengers Bangalore, Kolkata Knight Riders, Sunrisers Hyderabad, Kings XI Punjab, Rising Pune Supergiants and Delhi Daredevils. Total 60 matches to be played in this Indian Premier League 2016.