The 16th season of IPL started on March 26. This T20 franchise league of Indian cricket, which has been on the ground since 2008, has already taken itself to another height in terms of brand value. Although India’s domestic cricket league, after 16 years it has become one of the most important events in the cricket world.
Cricketers want to play IPL even if they leave playing for the country. Want to benefit financially. The international cricket schedule is therefore forced to coordinate with the IPL schedule in many cases. The popularity of IPL is so much that last year its broadcasting rights value touched 4562884500$ US Dollar.
Since last season IPL is being participated by 10 teams. A few franchises that have participated in the IPL since 2008 have established themselves well as ‘brands’. Two names have been changed. A few franchises have come and gone. In the IPL, the older teams have been competing to outspend each other over the past 16 seasons.
Most of these teams cost more than 91257690$+ US Dollars in 16 seasons. Even last season, Gujarat Titans and Lucknow Supergiants, two franchises who played IPL for the first time, spent more than 18251538$ US Dollar. Let’s take a look at how much the IPL teams have spent so far in United State currency—
#Gujarat Titans
Last season, Gujarat Titans had the unique feat of winning the title in the first game. Owned by Siddharth Patel’s Civis Capitals Partners, this franchise has spent 20673517$ US Dollar in its first season.
#Lucknow Supergiants
The franchisee is owned by Sanjeev Goenka, the owner of one of the largest business groups in India. It was also third in the points table when it first played last season. Last season this franchise spent 21326010$ US Dollar.
#Rajasthan Royals
Rajasthan Royals won the first season of IPL in 2008. Businessman Manoj Badal’s Emerging Media Pvt Ltd owns Rajasthan Royals. In the last 16 seasons the IPL cost of this franchise is 83592044$ US Dollar.
#Sunrisers Hyderabad
Initially the franchise in Hyderabad was called Deccan Charges. It was owned by the Deccan Chronicles, a Hyderabad-based English newspaper. It disbanded in 2012 after four seasons in the IPL.
In 2013, the new franchise in Hyderabad was named Sunrisers Hyderabad. Proprietorship of Sun Group. The total cost of this team in 10 seasons is 87225012.68$ US Dollar. The team won the championship in 2016 season.
#Chennai Super Kings
The franchise is owned by N Srinivasan, former president of the Indian Cricket Board. The parent company is India Cements. It is one of the most successful teams in IPL. They have won the IPL title four times. Also won the now defunct Champions League T20 title twice. One of the oldest teams in the IPL, this team was banned from the IPL in 2015 and 2016 after being found guilty of match-fixing allegations. In the last 14 seasons, Chennai has exceeded Rs. Their total cost is 101369042.05$ US Dollar.
#Punjab Kings
Punjab Kings, a consortium of Bollywood actress Preity Zinta, Dabur Group and Neha Wadia of Wadia Group, is ahead of other franchises in terms of spending. So far their cost is 102110054.49$ US Dollar. Although it is one of the oldest franchises in IPL yet to win the title. Initially the name of this team was Kings XI Punjab.
#Delhi Capitals
The franchise was originally named Delhi Daredevils. It is also one of the teams not to win a title in IPL. In 2018 it took the name Delhi Capitals with some changes in ownership. The team is managed by GMR Group and JSW Group. The cost of Delhi also exceeded thousands of crores of rupees. Their total cost is 108961681.86$ US Dollar.
#Kolkata Knight Riders
Kolkata Knight Riders, owned by Shah Rukh Khan and Juhi Chawla’s Red Chillies Entertainment Group, won the IPL title in 2012 and 2014. They have spent 111444803.60$ US Dollars so far.
#Mumbai Indians
Owned by Reliance, one of India’s leading and largest industrial groups, this team is the most successful in the IPL. Won the title five times. So far they have spent 116034152.84$ US Dollar.
#Royal Challengers Bangalore
United Spirits-owned Royal Challengers Bangalore are also yet to win a title in the IPL. But AB de Villiers or Virat Kohli play in this team. So far the team has spent 118908770.07$ US Dollars.
