Each of the eight IPL franchises will receive a first instalment sum of ₹85 crore as its share from this season’s net central rights income. The total outgo for the BCCI/IPL from the first instalment will be ₹680 crore.
With Star India making a successful bid of the media rights at ₹16,347.50 crore and Vivo’s title sponsorship fetching ₹2,199 crore, both for the 2018-22 cycle, the IPL revenue has increased manifold. The franchisees have been assured a total remittance of disbursement of around ₹250 crore each for this season.
The BCCI received amount in rupees equivalent to $72 million each year as participation money from the franchises from 2008 to 2017.
Now the franchises will be paying 20% of their income to the BCCI. “The franchisees will not be in red from this season. The investment will start yielding good returns,” said a BCCI official.
