IPL

IPL valuation down nearly 11% to $9.9 billion in 2024: Study

Last updated : Sep 06, 2024 07:09

SportzPower Team

Sep 04, 2024 18:09

Read more about IPL valuation down nearly 11% to $9.9 billion in 2024: Study
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That the Indian broadcast media is headed towards overwhelming market dominance (regulatory endorsements notwithstanding) once the merger of Disney Star and Reliance-controlled Viacom18 has been completed is a given.

The implications of that dominance on the bidding for media rights of the Indian Premier League (and other high profile cricket properties) has been given a value by D&P Advisory, a provider of consulting, advisory, and valuation services.

Sep 03, 2024 19:09

Mohit Burman gives undertaking on Punjab Kings stake: Report

Preity Zinta, film actress and one of the directors of KPH Dream Cricket, which owns IPL franchise Punjab Kings, has won an undertaking from majority stakeholder Mohit Burman after moving court over Burman's move to sell a part of his stake in the company to Tomales Bay Capital.

Aug 23, 2024 19:08

RIL, Disney 'no' to cricket being part of asset sale proposal

Disney and Reliance have reportedly offered some concessions to secure an India antitrust approval for their $8.5 billion media merger. BUT, as expected, are unwilling to sell the crown jewels of their media rights portfolio - cricket.

Aug 22, 2024 15:08

For CCI merger nod, RIL, Disney mull 2-yr ad rate freeze: Report

Reliance Industries (RIL) and Walt Disney are reportedly planning to offer the Competition Commission of India (CCI) a two-year freeze on advertising rate cards to gain approval for the proposed merger of Star India and Viacom18.

Aug 20, 2024 19:08

IPL records 78% YoY revenue growth in 2023 to reach $1.4bn

The total income for the Board of Control for Cricket in India from the Indian Premier League saw a significant 78% year-on-year growth in 2023 to reach Rs 11,769 crore ($1.4 billion).

Aug 14, 2024 19:08

Punjab Kings stake: Preity Zinta moves court against Mohit Burman

Preity Zinta, film actress and one of the directors of KPH Dream Cricket Private Limited, which owns IPL franchise Punjab Kings, has reportedly moved the Chandigarh court seeking injunction orders to restrain Mohit Burman from "selling, disposing of and creating any third-party rights upon his 11.5 per cent shareholding in the company".

Aug 06, 2024 21:08

GMR Sports appoints RSPG Sports's Satyam Trivedi as CEO

Satyam Trivedi has joined GMR Sports as chief executive officer. He previously worked for RSPG Sports as deputy CEO & executive director. Revealing the new position on his LinkedIn handle, Trivedi shared, “Excited to step onto the pitch as the new skipper of GMR Sports! Having shared the field with many of the teammates before, it’s fantastic to see familiar faces around!”

Jul 26, 2024 19:07

BCCI-IPL team owners meet: Retentions, mega auction cycle on table

The Indian Premier League (IPL) franchise owners have made a number of suggestions related to conducting a mega auction every five years, and player retention options, ahead of their meeting with the BCCI. The meeting will reportedly be held on July 31.

Jul 19, 2024 20:07

CVC Capital looking to offload majority stake in Gujarat Titans: Report

Private equity firm CVC Capital Partners, which owns Indian Premier League franchise Gujarat Titans, is reportedly ready to offload a majority stake in the IPL team.

Jul 16, 2024 20:07

CSK launches 3rd international Super Kings Academy in Sydney

Indian Premier League (IPL) franchise Chennai Super Kings’ enduring bond with Australia continued as it announced the setting up its third international Super Kings Academy in Sydney. Its other international centres are in Dallas (USA) and Reading (United Kingdom). The Super Kings Academy in Sydney will be located at Cricket Central, 161, Silverwater Road, Sydney Olympic Park.

Jul 03, 2024 16:07

BCCI to meet IPL team owners on retentions, player purse: Report

BCCI has initiated the process of finalising the retention policy for the next three seasons of the Indian Premier League (IPL) with the final decision to be announced later this month, Cricbuzz reported on Tuesday. As per the report, most franchises have sought an increase in the number of retentions which was limited to just four before the last mega auction in 2021.

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