ALL IPL TEAMS TO MAKE PROFIT OF ₹75100 CR THIS SEASON

The eight teams of the Indian Premier League (IPL) will each generate at least ₹200 crore in revenue and turn a tidy profit at the end of the 11th edition of the T20 tournament — a first for the decade-old Twenty20 league — powered by their share of income from media rights.

Officials at the Board of Control for Cricket (BCCI) and the owners of some the teams confirmed that each team (and some have never made profits till now) will earn a profit of at least ₹75 crore this season. Some teams could generate as much as ₹100125 crore in profit. It has been known for some time that this year will be profitable for the eight-team league, but it is only now that the exact extent of their profitability is becoming clear.

“It’s an absolute blessing. Whether they finish first or last, all teams will be financially stable this season. The cash flows for all teams will improve immensely; some of them have been cash strapped for 10 years. The extra money could help them expand their sports business,” the former head of an IPL franchise said on condition of anonymity.

Behind the turn of fortunes is a steep rise in the share the teams get of the so-called central revenue from the Board of Control for Cricket in India (BCCI).

NEWDELHI: WHETHER THEY FINISH FIRST OR LAST, THIS SEASON ALL TEAMS WILL BE FINANCIALLY STABLE. THE CASH FLOWS WILL IMPROVE IMMENSELY