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The Indian Premier League is probably one of the most popular sports league in the world. With almost a billion watchers, league matches by the IPL are one of the most-watched games in cricket. The league was established in 2007 and has gained popularity since it was launched.
IPL comprises 8 teams that represent 8 major cities in India. The league plays in all Twenty20 format. Each game lasts 3 hours, which is much faster compared to the other formats where matches can last for a day or a week.
Just how popular is the IPL? According to a survey by Duff and Phelps, the most expensive cricket league amounted to $5.3 billion in 2017 to $6.3 billion.
‘There is money to be made. At least 150 companies are associated with the IPL’. said Amrit Marthur, former BCCI official.
Below are the top 5 most valuable franchise in IPL:
Sunrisers Hyderabad
Brand value: $ 70 million (~ ₹ 498 crores)
The Sunrisers are one of the most consistent teams in IPL. After they finished with their play-off position during their debut season, the team won the 2016 IPL title under David Warner. At present, the team’s stock increased by 25%.
Chennai Super Kings
Brand Value $ 98 million (~₹ 697 crores)
The Chennai Super Kings are one of the best teams in the IPL. Dhoni handles the team and would probably top the scoreboards if it weren't for their two-year suspension in 2016.
Royal Challengers Bangalore
Brand Value $ 98 million (~₹ 697 crores)
Despite their poor performance during last year’s season, the RCB still managed to make it to the top 5 because they finished 6th in the table. The team is headed by India skipper Virat Kohli.
Kolkata Knight Riders
Brand Value: $ 104 million (~ ₹ 740 crores)
KKR began as the runt of the litter. Their performance improved when Gautam Gambhir took the team under his tutelage. The team already won two IPL titles in three seasons. Famous Bollywood actor Sharukh Khan currently owns the franchise team.
Mumbai Indians
Brand Value $ 113 million (~ ₹ 803 crores)
The MI is currently the team who tops the league table. Famous batters Rohit Sharma and Kieron Pollard are one of the valued members in the MI squad.MI has been consistently winning league matches, earning them three IPL titles for making it to the playoffs four times.
Article source: https://article-realm.com/article/Internet-Business/Ebooks/3293-Top-5-Most-Expensive-Franchise-in-IPL.html
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