Women’s IPL Teams Auction: Date, Base Price of WIPL franchises, Traditional IPL teams, Big Companies in Race: All you need to know

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Some
of
the
top
corporate
houses
in
the
country
have
shown
interest
in
owning
a
franchise
and
are
likely
to
bid
aggressively.

When
is
WIPL
team’s
auction
happening?

The
auction
for
Women’s
IPL
teams
will
be
held
on
Wednesday
(January
25).
The
BCCI
released
the
tender
document
and
more
than
30
companies
have
bought
it.

Women's IPL Media Rights: Viacom 18 to pay INR 951 crores to BCCI for WIPL 2023-27 cycleWomen’s
IPL
Media
Rights:
Viacom
18
to
pay
INR
951
crores
to
BCCI
for
WIPL
2023-27
cycle

How
many
WIPL
teams
are
up
for
sale?

The
BCCI
has
announced
selling
5
teams
for
the
first
three
years
and
it
will
later
expand
it
to
six.

Price
of
one
WIPL
team
at
auction

As
per
a
PTI
report,
market
experts
predict
every
single
franchise
will
be
sold
in
the
range
of
Rs
500
to
600
crore
in
the
close-bid
auction.

Women's Indian Premier League (WIPL) set to be launched in 2023Women’s
Indian
Premier
League
(WIPL)
set
to
be
launched
in
2023

An
industry
insider,
who
has
previously
worked
on
men’s
IPL
team
bid,
told
PTI
ahead
of
the
auction,
“WIPL
has
huge
potential
but
most
of
the
legacy
teams
would
like
to
mix
optimism
with
pragmatism.”

How
much
will
BCCI
earn
from
WIPL
Team
Auction?

The
BCCI
is
set
to
get
richer
by
Rs
4000
crore
with
the
sale
of
all
five
WIPL
teams.
Experts
believe
that
the
BCCI
is
set
to
get
a
few
bids
in
the
range
of
Rs
500
crore
and
upwards.
It
can
even
exceed
Rs
800
crore
plus,
making
the
board
happier.

How
many
companies
are
in
the
race
for
a
WIPL
team?

As
per
reports,
more
than
30
companies
purchased
the
bid
documents
worth
Rs
5
lakh
including
all
10
men’s
IPL
teams.
Corporate
giants
such
as
Adani
group,
Torrent
group,
Haldiram’s
Prabhuji,
Capri
Global,
Kotak
and
Aditya
Birla
Group
have
also
shown
interest
in
buying
a
team.

Some
of
these
big
business
houses
failed
to
own
the
IPL
men’s
teams
when
the
BCCI
invited
bids
for
two
new
teams
back
in
2021.

Are
men’s
IPL
teams
interested
in
buying
a
WIPL
side?

Yes,
all
ten
traditional
IPL
franchises
have
shown
their
interest
in
having
a
women’s
IPL
franchise.
Mumbai
Indians,
Rajasthan
Royals,
Delhi
Capitals,
Kolkata
Knight
Riders,
and
Chennai
Super
Kings
(CSK)
have
already
claimed
that
they
are
contemplating
adding
the
bouquet
of
their
already
existing
men’s
teams
across
the
globe.

What
will
be
player’s
purse
of
Women’s
IPL
2023?

As
per
reports,
the
player
purse
for
the
inaugural
edition
of
the
WIPL
would
start
at
Rs
12
crore
in
2023.
It
will
keep
on
increasing
by
at
least
Rs
1.5
crore
per
year
during
the
five-year
cycle.
Thus,
it
will
be
Rs
13.5
crore
in
2024,
Rs
15
crore
in
2025,
Rs
16.5
crore
in
2026,
and
Rs
18
crore
in
2027.

When
will
WIPL
2023
Start?

Although
there
is
no
official
communication
from
the
BCCI
about
the
start
date
of
the
WIPL
2023,
it
is
speculated
that
the
tournament
will
be
held
between
March
4
and
26.

WIPL teams

What
will
be
WIPL
2023
Venues?

It
is
being
said
that
the
first
edition
of
the
WIPL
will
be
held
in
just
one
city
and
Mumbai

which
has
three
international
stadiums

is
the
frontrunner.

In
the
inaugural
edition,
the
Brabourne
Stadium
and
the
DY
Patil
Stadium
may
serve
as
two
venues
for
the
22
matches.

Why
companies
are
willing
to
own
a
WIPL
team?

According
to
market
insiders,
there
are
two
principles
on
which
these
bids
are
placed
by
the
business
houses.
The
first
one
is
“Return
on
Investment”
(ROI),
which
is
the
core
principle
of
any
business.
It
is
profit
on
what
an
entity
spends.
The
second
one
isn’t
a
business
principle
as
such
but
in
the
business
community,
they
call
it
the
“Return
of
Ego”.

A
former
IPL
franchisee
official,
who
had
once
worked
on
bids,
explained
the
rationale
which
goes
into
the
bidding.
“Let’s
say,
a
franchise
makes
a
winning
bid
of
Rs
500
crore
for
a
period
of
five
years.
Now
that’s
Rs
100
crore
committed
straightaway
for
each
of
the
next
five
years,”
the
source
explained.

What
will
be
a
source
of
earnings
for
WIPL
franchises?

“The
BCCI
distributes
its
media
broadcast
revenue
which
is
one
of
the
major
earning
chunks.
The
second
is
a
share
from
BCCI’s
central
pool
of
sponsorship.
The
third
is
a
franchisee’s
own
set
of
sponsorship
earnings.
Fourth
is
gate
sales,
money
earned
from
tickets,”
he
elaborated.

What
will
be
franchisee’s
earning
from
WIPL’s
media
revenue
pool?

“The
BCCI
in
the
case
of
Women’s
IPL
is
going
to
share
80
per
cent
of
media
rights
money
with
the
teams
(in
the
case
of
men,
it’s
50:50)
to
help
them
develop
a
sustainable
model.

“So
what
will
be
the
mathematics
over
here?
JIO
has
brought
media
rights
for
five
years
at
Rs
950
crore
(approx)
which
is
roughly
Rs
190
crore
per
year.
So
80
per
cent
of
190
crores
is
152
crore.

“Let’s
make
it
a
round
figure
of
Rs
150
crore.
That’s
what
each
franchise
gets
over
a
period
of
five
years
which
is
approximately
Rs
30
crore
per
annum,”
he
explained.

“Now
BCCI
will
also
distribute
a
chunk
of
its
central
pool
of
sponsorship
(title
sponsor,
co-sponsors,
various
award
sponsors)
also
with
the
franchise.
Add
to
it
the
franchisee’s
own
revenue
pool
also.
So
it
could
be
between
Rs
15
to
Rs
18
crore
per
year.
Gate
sales
won’t
earn
you
a
great
deal
in
the
first
year,”
he
said.

(With
PTI
inputs)

  • Women’s
    IPL
    Media
    Rights:
    Viacom
    18
    to
    pay
    INR
    951
    crores
    to
    BCCI
    for
    WIPL
    2023-27
    cycle
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    The
    Year:
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    Jos
    Buttler
    Headline
    Best
    XI
    Of
    2022
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    Of
    The
    Year:
    Four
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    Among
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    Of
    2022
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#Womens #IPL #Teams #Auction #Date #Base #Price #WIPL #franchises #Traditional #IPL #teams #Big #Companies #Race

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