IPL worth $4.5 billion, contributes to more than 0.6% of India’s GDP: BCCI

THE BCCI has divulged that the Indian Premier League is worth $4.5 billion or INR 27,000 crore. The board mentioned in its annual report 2015-16 that the hefty figure was calculated by valuation appraisal firm Duff and Phelps. 

As reported by TOI, 

“According to the Broadcast Audience Research Council of India, the total TV viewership of IPL 2016 calculated by impressions stood at 102 crores. A report by management consultancy firm KPMG puts the total impact of IPL 2015 on the Indian economy at Rs 1,150 crore, more than 0.6 % of the country's GDP.”

Recently, the Indian cricket board had announced an open tender for the cash-rich league’s global media rights for a period of 10-years. Sony Pictures Network India (SPNI), which has held the IPL’s broadcast rights since its inception in 2008, is said to face competition from Start Sports in acquiring the rights for more than $ 4 billion. 

BCCI president Anurag Thakur stated that he proud of the fastest-growing league in the world.

“The IPL’s been a sure-shot hit on the field and off it too. On the field it has given the talented players a stage and a platform to exhibit their skills. It has brought the cultures of cricketing countries together and gives youngsters a unique opportunity to see the greatness in front of their eyes and learn from them. It has been the fastest-growing league in the world, and it has also changed the landscape of domestic sport in the country. After the IPL was launched in 2008, many other sports have started such leagues. Numbers prove that the IPL has set a benchmark, and at the BCCI, we’re extremely proud of this.”

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