The eight-team league, with an estimated model worth of $6.8bn, drew document tv and digital viewership this 12 months.
The Indian Premier League (IPL) is about to turn out to be a 10-team affair from 2022 after the Indian cricket board approves a proposal so as to add two extra franchises to the world’s richest Twenty20 competitors.
The eight-team league, with an estimated model worth of $6.8bn, drew document tv and digital viewership this 12 months regardless of being staged within the United Arab Emirates following the COVID-19 surge in India.
“We now have obtained an in-principle approval so as to add two extra groups after speaking to all of the stakeholders,” Board of Management for Cricket in India (BCCI) Treasurer Arun Singh Dhumal instructed Reuters information company after their assembly in Ahmedabad metropolis.
“Now, the problem can be mentioned within the IPL Governing Council – how and when so as to add the groups.”
The 14th IPL is scheduled to start out in March and the event would wish one 12 months to deal with difficult points round logistics, media rights and planning for the brand new outfits, cricket officers had been quoted as saying.
Native media has reported previously that Indian conglomerates Adani Group and RP-Sanjiv Goenka Group, which owned the now-defunct Pune franchise for 2 IPL seasons, have proven curiosity in shopping for new groups.
The board additionally mentioned the potential inclusion of cricket within the 2028 Los Angeles Olympics, one thing the sport’s governing Worldwide Cricket Council (ICC) could be very anticipating, however didn’t specify its stance.
“That also must be mentioned. We want some extra readability on this subject [from ICC],” Dhumal stated.
One other vexing subject that got here up on the assembly was securing tax exemptions, as demanded by the ICC from host nations, for the 2021 Twenty20 World Cup and the 50-over World Cup in 2023.
“We should speak to the federal government and safe the exemption,” stated Dhumal.
A much bigger event would nearly definitely imply an extended keep in India for the highest gamers from all over the world who earn large salaries.
India captain Virat Kohli is claimed to have earned $2.3m taking part in 15 matches for Royal Challengers Bangalore. Australian bowler Pat Cummins was the costliest international participant, costing Kolkata Knight Riders $2.1m.
The IPL this 12 months claimed tv audiences of greater than 200 million for some matches however the Model Finance consultancy stated the occasion’s enterprise worth fell 22 p.c to $4.4bn this 12 months due to the pandemic’s influence on revenues.
However Model Finance stated the IPL was nonetheless a worldwide chief simply attracting one of the best gamers from England, Australia, South Africa and West Indies.
“The IPL has firmly made its mark on the cricketing world and resonated far past the already large Indian cricket fan base,” stated the consultancy’s report.
“When the European soccer leagues had been limping again with warning, IPL took the leap of religion by going forward with the 2020 event and pulled it off with negligible controversy.”