High Hopes for IPL Sponsorship Earnings: Teams Eyeing ₹1,000-1,200 Crore
10 IPL Teams Are Likely To Earn ₹1,000-1,200 Crore In Sponsorship Revenue From The Upcoming Season
The Indian Premier League (IPL) has been one of the world’s most successful and lucrative sporting events since its inception in 2008. The tournament brings together some of the best cricket players from around the globe, creating a platform for them to showcase their talent and entertain fans.
Apart from the high-octane cricketing action, the IPL is also a big business opportunity for teams and sponsors. With the upcoming season of the IPL set to begin in April 2021, the ten teams are likely to earn a combined revenue of ₹1,000-1,200 crore from sponsorship deals. Let’s take a closer look at the potential earnings of each team.
Mumbai Indians (MI)
MI is the most successful team in IPL history, having won the tournament five times. The team has a strong fan following and is owned by India’s biggest conglomerate, Reliance Industries. MI will earn around ₹120-140 crore from sponsorship deals.
Chennai Super Kings (CSK)
CSK is one of the most consistent teams in the IPL, having reached the finals eight times. The team is owned by India Cements and has a loyal fan base. CSK will earn around ₹100-120 crore from sponsorship deals.
Royal Challengers Bangalore (RCB)
RCB is known for its star-studded line-up and has one of the most passionate fan bases in the league. United Spirits, a subsidiary of British multinational Diageo, own the team. RCB will likely earn around ₹90-100 crore from sponsorship deals.
Kolkata Knight Riders (KKR)
Bollywood superstar Shah Rukh Khan and actress Juhi Chawla owns KKR. The team has won the IPL twice and is known for its innovative marketing campaigns. KKR will likely earn around ₹80-90 crore from sponsorship deals.
Sunrisers Hyderabad (SRH)
SRH won the IPL in 2016 and has a strong team led by Australian David Warner. The team is owned by the Sun Group, a conglomerate interested in media and entertainment. SRH will likely earn around ₹70-80 crore from sponsorship deals.
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Delhi Capitals (DC)
DC has never won the IPL but has a young and exciting team. The team is co-owned by the GMR Group and the JSW Group. DC will likely earn around ₹60-70 crore from sponsorship deals.
Kings XI Punjab (KXIP)
KXIP is owned by a consortium led by businessman Mohit Burman and actress Preity Zinta. The team has never won the IPL but has a loyal fan base. KXIP will earn around ₹50-60 crore from sponsorship deals.
Rajasthan Royals (RR)
RR won the inaugural edition of the IPL in 2008 but has struggled in recent years. Manoj Badale, an entrepreneur based in the UK, owns the team. RR will likely earn around ₹40-50 crore from sponsorship deals.
Punjab Kings (PBKS)
PBKS, formerly known as KXIP, has been renamed for the upcoming season. The team is co-owned by Mohit Burman, Ness Wadia, and Preity Zinta. PBKS will likely earn around ₹30-40 crore from sponsorship deals.
Royal Challengers Bangalore (RCB)
RCB has a second team in the league, Royal Challengers Bangalore A. The team is owned by Diageo and is likely to earn around ₹10-20 crore from sponsorship deals.
