‘Agar ye paisa India pe lgao koi bukha nhi soyega’ – Fans troll Indian Cricket Board as they are set to earn a huge sum from Women’s Indian T20 League teams biding

The Indian Cricket board is all set to go richer and richer as they will be getting a total sum of Rs. 4000 crores from the 5 teams which will be participating in the women’s Indian T20 League‘s bidding. According to experts, the teams would be allowed to spend a total of 500 to 600 crores in the closed bid auction.

“WIPL has huge potential but most of the legacy teams would like to mix optimism with pragmatism. Expect a few bids in the range of Rs. 500 crores upwards. Rs. 800 crore plus could be a bit ambitious but Indian Cricket Board won’t complain,” an industry insider, who has previously worked with Indian T20 League was quoted as saying.

The Indian Cricket Board distributes its media broadcast revenue which is one of the major learning chunk: Anonymous Source

More than 30 companies have the bidding documents which are of Rs. 5 Lakhs, that includes all the 10 teams from the men’s Indian T20 League. Well-known corporate houses such as Adani groups, Torrent groups, Haldiram’s Prabhuji, Capri Global, Kotak and Aditya Birla groups have also shown interest in buying the teams.

Some of these companies were not successful when the Indian Cricket Board invited them for two new teams for the 2021 edition of the men’s Indian T20 League. Among the 10 Indian T20 league teams, the expected ones to win the bid are the Mumbai franchise, the Delhi franchise, the Kolkata franchise and the Rajasthan franchise.

Performer Indian T20 League franchisee official explains the rationale which goes into the bidding.

“Let’s say, a franchise makes a winning bid of Rs 500 crores for a period of five years. Now that’s Rs 100 crores committed straightaway for each of next five years. The Indian Cricket Board distributes its media broadcast revenue which is one of the major Learning chunk. The second is a share from Indian Cricket Board central pool of sponsorship. The third is a franchisee’s own set of sponsorship earnings. Fourth is gate sales, money earned from the tickets,” the source explained.

Here’s how Twitter reacted to the Indian Cricket Boards decision: