#IPL numbers...
When BCCI first announced the sale of IPL media rights, the total reserve price -- from where the bidding will start -- was pegged at Rs 32,890 cr.
That number was based on 74 matches per year for five years.
That was just an average count.
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When BCCI first announced the sale of IPL media rights, the total reserve price -- from where the bidding will start -- was pegged at Rs 32,890 cr.
That number was based on 74 matches per year for five years.
That was just an average count.
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Potential bidders sought clarifications over that number and asked BCCI to give a more exact idea on the possible number of matches every season for the next five years.
BCCI is planning an expansion of IPL. However 2024 is an election year in India.
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BCCI is planning an expansion of IPL. However 2024 is an election year in India.
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Therefore, until 2024, they cannot increase the number of matches -- at least that's what the Board was advised internally.
So what has the BCCI done for now... It has asked broadcasters to take the following into consideration:
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So what has the BCCI done for now... It has asked broadcasters to take the following into consideration:
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2023: 74 matches
2024: 74 matches
2025: 84 matches
2026: 84 matches
2027: 94 matches
That's a total of 410 matches over five years as against their earlier number of 370 matches over five years (at 74 games per year).
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2024: 74 matches
2025: 84 matches
2026: 84 matches
2027: 94 matches
That's a total of 410 matches over five years as against their earlier number of 370 matches over five years (at 74 games per year).
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So, earlier, on the basis of 74 matches per year, the BCCI had set the total reserve price of IPL at the auction at Rs 32,890 cr (for 370 matches).
But now, with bidders coming to the table with 410 matches in mind, that reserve price now goes up to an approx Rs 36,400 cr.
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But now, with bidders coming to the table with 410 matches in mind, that reserve price now goes up to an approx Rs 36,400 cr.
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So the bidding will now start at Rs 36,400 cr approx.
Two things to note:
A) We still don't know how many non-excl set of matches will be there when number of games go up (Pkg C). So for the sake of easier calculation, I've taken a cluster of 20 (instead of earlier 18).
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Two things to note:
A) We still don't know how many non-excl set of matches will be there when number of games go up (Pkg C). So for the sake of easier calculation, I've taken a cluster of 20 (instead of earlier 18).
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B) Apropos of the collective base price, bids will come in per match -- not total number of matches.
And remember, there's no guarantee that No. of matches won't increase further from 84 to 94 in 2025 or 2026 itself. : )
These are jst calculations for future balance sheets.
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And remember, there's no guarantee that No. of matches won't increase further from 84 to 94 in 2025 or 2026 itself. : )
These are jst calculations for future balance sheets.
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