Five-time champions Mumbai Indians are the most valuable franchise in IPL 2022 with a value of $1.3 billion.
Follow Us
Five-time champions Mumbai Indians might have had a season to forget in IPL 2022 after registering a record eight losses on the trot but that hasn’t deterred them from the business point of view in the lucrative tournament.
Mumbai Indians are the most valuable IPL franchise in 2022 with a value of $1.3 billion, according to Forbes. Defending champions Chennai Super Kings are second in the list with a value of $1.15 billion.
Kolkata Knight Riders ($1.1 billion), Lucknow Super Giants ($1.075 billion) and Delhi Capitals ($1.035 billion) fall next in that sequence in the list while Royal Challengers Bangalore ($1.025 billion), Rajasthan Royals ($1 billion), Sunrisers Hyderabad ($970 million), Punjab Kings ($925 million) and Gujarat Titans (Value: $850 million) are at the bottom-half of the list.
READ MORE: IPL 2022: Dream11 remains biggest IPL advertisers among 84 new brands
According to the report. the lucrative tournament has been a gold mine for investors.
In 2009, a year after the franchise-owned cricket league launched, Forbes published its first (and only) valuations of the league’s teams, pegging the average value of the eight franchises at $67 million. With the league having recently expanded to ten clubs, that average is now up to $1.04 billion, an annualized growth rate of 24%, the report revealed.
“The IPL is the most prominent cricket league in the world in terms of attracting sponsors and media rights.”
“A lot of credit goes to founders of the IPL, who took ideas from the NBA and European soccer leagues, and good governance by the BCCI with regards to clear visibility of team funding and ensuring the tournament continued during Covid,” Forbes quotes Ajimon Francis, managing director at Brand Finance India, a brand valuation and strategy consultancy.
