New Delhi’s cricket circles are buzzing with a blockbuster revelation from IPL founder Lalit Modi. In an exclusive confirmation to news agencies, Modi disclosed that bids for Royal Challengers Bengaluru (RCB) have skyrocketed to a staggering $1.75 billion. This eye-watering figure underscores the explosive financial appeal of IPL franchises amid evolving global cricket dynamics.
Reports suggest Manchester United co-owner Avram Glazer is among the high-profile suitors circling this prized asset. Modi’s insights paint a picture of an IPL valuation rooted in the league’s current 74-match format, but he firmly believes expansion to 94 games is inevitable. ‘The original vision was a full home-and-away tournament,’ Modi emphasized, predicting massive uplifts in franchise values and league revenues as match counts swell.
This expansion couldn’t come at a more critical juncture for the BCCI. With pressures mounting on traditional revenue streams, Modi warns of a potential 50-60% slash in the board’s ICC revenue share and at least halved income from bilateral media rights. Yet, optimism prevails: IPL’s next media rights cycle, likely finalizing within a year, could double in value, Modi asserts confidently.
Looking globally, crammed international calendars and player workload concerns signal fewer bilateral and ICC events. Domestic T20 leagues, powered by IPL’s economic might, will draw top talent to franchises. ‘This trend is unstoppable, and BCCI stands to gain the most,’ Modi noted, adding a poignant reminder: ‘They love Indian cricket, but above all, they love Indian cricket.’
As bids escalate, RCB’s sale could redefine IPL’s commercial landscape, signaling a new era of mega-valuations in franchise cricket.