Key facts
- The Indian Premier League's business value has surpassed $20 billion.
- Royal Challengers Bengaluru was sold for $1.78 billion.
- Rajasthan Royals was sold for $1.65 billion.
- Record team sales have driven the increase in IPL franchise values.
- Cricket is increasingly viewed as a globally backed asset class.
The Indian Premier League (IPL) has seen its total business value surge past $20 billion, a milestone achieved on the back of unprecedented team sales. Two franchises, Royal Challengers Bengaluru and Rajasthan Royals, were sold for substantial sums, with Royal Challengers Bengaluru fetching $1.78 billion and Rajasthan Royals commanding $1.65 billion. These figures represent a significant uptick in the valuation of IPL franchises. The league's expanding financial footprint underscores cricket's growing appeal as a globally backed asset class, attracting significant investment and demonstrating its commercial viability on an international scale. The record sales indicate a strong market confidence in the IPL's future growth and profitability.