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IPL brand value increased by 77%; Mumbai Indians are on the table. Since its inception in 2009, the IPL’s brand value has grown 318 percent, from about $2 billion to $8 billion this year.
Winning Percentage Of Ipl Teams 2023
The Indian Premier League (IPL) continues to grow, with its brand value almost doubling to $8.4 billion in 2022 from $4.7 billion in 2021, according to brand valuation consultancy Brand Finance’s annual report.
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Mumbai Indians remains the most valuable brand with revenue of $83 million, up 4 percent from 2021.
The report noted that the value of the IPL brand has increased due to the auction of new media rights and the addition of two new teams.
The media rights auction, which sold for $6.2 billion (Rs 48,390 crore), increased the core IPL revenue pool by 2.5 times in the 2023-27 cycle.
The report found that digital media rights played an important role in media rights auctions, resulting in increased brand exposure among millennial audiences and digital-savvy fans.
IPL Best Team
It was all about digital media at the media rights auction in June. In the 2018-22 media rights cycle, digital rights were valued at Rs 4,040 crore and television rights at Rs 11,410 crore. The 423-match media rights will increase to Rs 20,500 crore digitally in the 2023-27 cycle (during the TV kiss period) to Rs 23,575 crore.
The report added that with the rise of digital viewership and streaming services during the pandemic, the IPL has created a valuable brand based on a close relationship with its core consumer audience.
He noted that the rapid growth in revenue has not led to a corresponding growth in expenditure, which has contributed to the growth of IPL’s brand value.
“With doubling of media rights, two new teams, a new league structure and phased restrictions on stadiums, it (IPL) has become a showcase for managing a sports competition,” said Ajimon Francis, Managing Director, Brand Finance India.
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Since its inception in 2009, the IPL’s brand value has grown 318 percent, from about $2 billion to $8 billion this year.
The brand value of franchises has also increased significantly in recent years. Mumbai Indians, Chennai Super Kings and Kolkata Knight Riders have registered growth of 99%, 89% and 82% respectively since 2009.
Kolkata Knight Riders and Chennai Super Kings are IPL franchises, followed by Mumbai Indians at $76.8 million and $73.6 million respectively.
Other franchises that have increased in value include Royal Challenger Bangalore, which saw its value increase by 34 percent to $68 million in 2021. It is also the fourth IPL brand. Rajasthan Royals, with 78 percent growth and revenue of $61.3 million, is the fastest growing brand value.
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Brand strength is a decisive factor in brand value based on factors such as marketing investment, awareness, loyalty, employee satisfaction and corporate reputation.
According to the above criteria, RCB has a Brand Strength Index (BSI) of 70.6 out of 100, followed by Mumbai Indians with a BSI of 70.5.
Teams that have established themselves as strong brands in 2022 include Gujarat Titans, who finished third in the first year, followed by Rajasthan Royals and Delhi Capitals, who finished fourth and fifth respectively.
The report added that the two new franchise teams have increased the value of the IPL by around Rs 12,500 crore ($1.5 billion).
Ipl 2023 Winner: Chennai Super Kings (csk)
“Two new franchise teams – Gujarat Titans and Lucknow Super Giants have garnered huge fan following and Gujarat Titans later won the title in their IPL debut. Two new franchises added. New direction of IPL rivalry,” the report said.
He further compared the top five IPL teams to international sports leagues. The brand value of the top five teams in the English Premier League (soccer) is $6,468 million, La Liga is $4,365 million, Bundesliga is $2,626 million, Serie A is $2,124 million and Liga is $1. 670 million dollars, IPL – 364 million dollars.
“With resilience during the pandemic, sponsorship deals with the Tata Group and rising new media rights values, the management team has ticked all the right boxes,” said Savio D’Souza, Brand Finance.
“With franchise expansion giving IPL franchises a choice of global, short cricket calendars and high-capacity stadiums, the (IPL) brand is getting stronger,” he added.
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The IPL 2023 player auction will be held on December 23 this year, with 405 cricketers going under the hammer in Kochi, Kerala, from the list of ten teams that have played.
Check Your Free Credit Account: Easily monitor your credit, get valuable insights, and get INR 100 cashback on your first check! ] KSC won by 15 points. In the eliminator, Mumbai Indians beat Lucknow Super Giants by 81 runs. Check the latest score table for IPL 2023.
IPL 2023 Points Table: The Indian Premier League (IPL) is a professional Twenty20 cricket league in India and one of the most popular and recognized sporting events in the country. One of the most popular aspects of the IPL is the scoreboard, which provides real-time updates on the performances of the teams participating in the tournament.
The IPL Scoreboard is an essential tool for fans, coaches and players to track the progress of their favorite teams and assess their chances of making it to the playoffs.
IPL Team Rankings 2023
Mee won the knockout match between Lucknow Super Giants and Mumbai Indians yesterday. Batting first, MI scored 182/8 and sent LSG to 101 in 16.3 overs. Mi will now host Gujarat Titans in the second qualifier on May 26.
Chennai Super Kings took on defending champions Gujarat Titans in their first IPL qualifying match. KSK batted first and scored 172/7. GT could score 157 in 20 innings and lost the match by 15 runs. With this victory, KSK reached the finals, becoming the first team of the season.
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Currently the leading team is Gujarat Titans (GT). CSK and MSU occupy the 2nd and 3rd positions in the table. IPL 2023: Which teams have the best and worst results?
IPL Auction 2023
GT, ranked #1, currently has the best NRR. GT’s Net Operating Rate is +0.809. Delhi Capitals are the worst NRR in the points table. DC’s net operating ratio is -0.808. IPL 2023: How is NRR net run rate calculated?
Net Run Rate, abbreviated as NRR, is a metric used in cricket to determine a team’s performance in a match. It is calculated by taking the average number of runs scored by each team.
Simply put, it shows how well a team is performing in terms of scoring compared to the number of runs allowed. A positive net run rate indicates a good performance, while a negative net run rate indicates that the team is struggling.
It is an important factor in determining the ranking and position of the teams in the tournament. IPL 2022 Score Table
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Tata IPL 2023 Scoreboard is very important for the league as it provides the latest information about the tournament and the performance of the rival teams. It will be easier for players, coaches and fans to track the performance of their favorite teams and determine their chances of reaching the championship.
As the tournament progresses, the points table becomes more important as each match directly affects the ranking. Understanding the IPL 2023 scorecard is essential for those who want to follow the tournament closely and stay updated with the latest happenings.
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This website uses cookies or similar technologies to improve your browsing experience and provide personalized recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. Gujarat Titans is ranked 2nd best when looking at the final playoff qualification scenarios for the remaining 8 teams of IPL 2023.
Csk Winning Percentage In Ipl
We are in the last week of IPL 2023 group stage with 5 matches in hand. Only Gujarat Titans qualified for the play-offs in the 65th match, while Delhi Capitals and Sunrisers Hyderabad were eliminated. There are 7 more teams fighting for the playoffs, and the next 7 matches will be epic battles.
It would be an understatement to say that