IPL : Its all abt money, honey

Financial facts and figures of the Indian Premier League Twenty20 tournament, which starts in South Africa on Saturday…

IPL model
IPL or Indian Premier League is a domestic Twenty20 tournament recognized by Board of Control for Cricket in India (BCCI). Eight teams aligned to different franchises contest against each other.

Each team plays each other twice in a round-robin league with the top four teams qualifying for the semi-finals. There are 59 matches, including the semi-finals and final.

Television rights
Joint bid by India’s Sony TV network and Singapore-based World Sports Group secured the global broadcasting rights for 1.026 billion dollars for a 10-year period.

The deal was re-negotiated this year after the IPL cancelled the Sony-WSG deal citing poor production quality. Sony-WSG won back the rights after agreeing to pay 1.63 billion dollars for the next nine years till 2017 in an out-of-court settlement.

Dollars paid by individuals and groups at an auction in January 2008 to buy the eight teams
- 111.9 million by industrialist Mukesh Ambani for Mumbai Indians.
- 111.6 million by liquor and airline tycoon Vijay Mallya for Bangalore Royal Challengers.
- 107 million by newspaper group Deccan Chronicle for the Hyderabad-based Deccan Chargers.
- 91 million by BCCI secretary and businessman N. Srinivasan for Chennai Super Kings.
- 84 million by business group GMR Holdings to buy Delhi Daredevils.
- 76 million by Bollywood star Preity Zinta and her friends for Kings XI Punjab.
- 75 million by Bollywood star Shahrukh Khan for Kolkata Knight Riders.
- 67 million by Emerging Media group, partly owned by Lachlan Murdoch, for Rajasthan Royals.

Revenue-sharing model
The BCCI will give out 54 percent of the revenue earned every year from the IPL to the franchises, six percent is put aside as prize money and 40 percent goes into the cricket board’s coffers.

The franchises can generate funds separately through team sponsorships and gate revenues.

IPL tax obligations
The Indian government earned 910 million rupees (approx 18.2 million dollars) as tax revenue from last year’s IPL season.

Top IPL earners (per season, in dollars) :

1.55 million - Kevin Pietersen - Bangalore Royal Challengers
1.55 million - Andrew Flintoff - Chennai Super Kings
1.50 million - Mahendra Singh Dhoni - Chennai Super Kings
1.35 million - Andrew Symonds - Deccan Chargers
975,000 - Sanath Jayasuriya - Mumbai Indians
950,000 - Ishant Sharma - Kolkata Knight Riders
950,000 - Jean-Paul Duminy - Mumbai Indians
925,000 - Irfan Pathan - King’s XI Punjab
900,000 - Jacques Kallis - Bangalore Royal Challengers
900,000 - Brett Lee - King’s XI Punjab
850,000 - Harbhajan Singh - Mumbai Indians
Note: Players not available for the entire tournament are paid on a pro-rata basis per match.
India’s ‘icon’ players
Five Indian stars were given ‘icon’ status and were not put up for auction last year, thereby ensuring they played for their ‘home’ teams. They earned 15 percent more than the highest-paid player in their respective teams

Sachin Tendulkar (Mumbai Indians) - 1.12 million dollars
Sourav Ganguly (Kolkata Knight Riders) - 1.09 million dollars
Yuvraj Singh (Kings XI Punjab) - 1.06 million dollars
Rahul Dravid (Bangalore Royal Challengers) - 1.03 million dollars
Virender Sehwag (Delhi Daredevils) - 833,750 dollars
Prize money

Winner: 960,000 dollars
Runners-up: 480,000 dollars
Losing semi-finalists: 240,000 dollars
Fifth-placed team: 160,000 dollars
Sixth–placed team: 140,000 dollars
Seventh-placed team: 100,000 dollars
Eighth-placed team: 80,000 dollars


IPL Sony Set Max Pormo