IPL 2018: Franchises to get Rs 250 crore annually from BCCI's central revenue, four times more than what they got earlier

The IPL teams will now receive a sum of Rs 250 crore a year from the BCCI, which is a 24 percent increase from the Rs 60 crore that they used to receive annually in the last 10 years of the league's existence.

FirstCricket Staff, March 11, 2018

The Board of Control for Cricket in India (BCCI) seems to be getter richer by the day, and the expansion of their wealth will also benefit the franchises in the Indian Premier League (IPL), as they will receive a major hike in their respective shares from the central revenue.

According to a report in Ahmedabad Mirror, the eight teams in the cash-rich league will now receive a sum of Rs 250 crore a year, which is a four-time increase from the Rs 60 crore that they used to receive annually in the last 10 years of the league's existence.

The news of the hike was conveyed to the franchise representatives in an IPL workshop in Ahmedabad on Sunday, the report added.

A view of the IPL trophy. Twitter/@IPL

A view of the IPL trophy. Twitter/@IPL

The BCCI settled for a massive Rs 16,347 crore media rights deal with broadcaster Star India, which beat all other bidders convincingly including previous rights holder SPN India. The deal effectively means that the BCCI will be receiving a sum of Rs 3,200 crore per season from Star, a four-fold increase from the Rs 800 crore that they used to receive from SPN.

The BCCI also hit a jackpot in the IPL title sponsorship deal in June last year, with Vivo retaining it with a Rs 2,199 crore bid — a 554 percent increase from the previous contract — for the period between 2018-2022.

However, the teams will also have to shell out 20 percent of their annual income — which includes the Rs 250 crore that they will be receiving — to the BCCI.

The 11th season of the Indian Premier League kicks off on 7 April, with defending champions Mumbai Indians and comeback team Chennai Super Kings facing off in the opening game of the tournament. The two qualifiers and the eliminator will be contested between 22 and 25 May, with the final taking place on 27 May. Mumbai's Wankhede Stadium will not only host the opening game, but also Qualifier 1 and the final.

Updated Date: Mar 11, 2018





Rank Team Points Rating
1 India 3634 125
2 South Africa 3589 112
3 Australia 3499 106
4 New Zealand 2354 102
5 England 3772 97
6 Sri Lanka 2914 94
Rank Team Points Rating
1 England 5599 124
2 India 5492 122
3 South Africa 3842 113
4 New Zealand 4602 112
5 Pakistan 3279 102
6 Australia 3474 102
Rank Team Points Rating
1 Pakistan 3270 131
2 Australia 1894 126
3 India 3932 123
4 New Zealand 2542 116
5 England 1951 115
6 South Africa 2058 114