Nobody in their imaginations would have create a scenario that the Indian Premier League would soon become the second most value sporting property in the world.
In its 15 years of existence, the IPL has manage to sell its media rights for an astronomical sum of Rs 48,390 or in other words, the broadcasters will be paying BCCI Rs 118.02 crore for each match during the next five-year cycle.
BCCI Secretary Jay Shah Said :
‘Red-letter day for India Cricket’ as in a series of tweets he gave a brief idea of how the board plans to spend the money to strengthen “domestic cricket structure starting from grassroots, to boost infrastructure and spruce up facilities across India and enrich the overall cricket-watching experience.”
But how will the BCCI share the jaw-drop revenue among its stakeholders including the IPL franchises, players, state associations and its staff?
IPL franchises
Half of Rs 48,390 crore will be distribute between the eight original franchises i.e. Mumbai Indians, Chennai Super Kings, Kolkata Knight Riders, Rajasthan Royals, Royal Challengers Bangalore, Sunrisers Hyderabad, Punjab Kings and Delhi Capitals.
The two new Gujarat Titans and Lucknow Super Giants will have to wait for some time before getting as much share as their eight counterparts.
Each of the eight IPL teams will get around Rs 3,000 crore.
Players and State Associations
And other half will be share with players and state associations.
As per a report in the Indian Express, the old formula of dividing the share was 26% of the second half will be distribute between domestic and international players.
Off the remaining 74%, 4% has earmarke for the staff salaries and the remainder will go into the kitty of the various state associations.
Numerically speaking, Rs 6290 crore (approx.) will be share with players and Rs 16,936 crore (approx.) with BCCI affiliate state boards.
