2023 IPL and Beyond: Examining the Future of Indian Cricket's Premier Domestic League

Cricket in India is not just a sport but an emotion for people. When MSD arrived on the field, you saw the people screaming for him. Fans are going out of their way to support their favorite player and team. The final match of the 2023 IPL is a recent example; CSK and GT were in the final at Ahmedabad, but the rain had other plans. The match couldn't even start and went for a reserve day. Many fans slept at railway stations to see their idol playing in the final. However, the match took place on the reserve day, it was not IPL new matches and rain came in between, but fans' enthusiasm didn't reduce, and they supported even after facing everything.

Moreover, IPL is much more than players playing and fans enjoying the match. It has become one of the biggest leagues in the world due to its economics and has the biggest infrastructure. This infrastructure has been helping young Indians to make their name in world cricket. Jasprit Bumrah, Hardik Pandya, Venkatesh Iyer, Deepak Chahar, and others established themselves using IPL. With this much impact and money, IPL can influence people and do things towards the environment, and they have taken a step towards it. The BCCI announced they would plant 500 trees for every dot ball in the knockout matches. In this blog, we will explore what is beyond match and entertainment in IPL.

The Economic of IPL

IPL is 15 years old, and the IPL news is that it has revolutionized itself as one of the richest cricket boards. That's why it is known as the cash-rich league. However, the economics of IPL has been divided into different types - media rights and broadcasting, sponsorship and advertisement, ownership, merchandising, and ticket revenue.

• Every franchise owner paid a big chunk of money to the BCCI to own the team. It is the biggest source of revenue generated by the BCCI. However, Frenchies also generate revenue by various methods.

• Media rights and broadcasting are another source of income that contributes to the BCCI's revenue. They sell the TV and digital rights to broadcast the IPL and get a big chunk of money in the bidding.

• Sponsorship and advertisement are other sources of income that contribute to the BCCI's name. For instance, brands that pay BCCI to add their name to IPL, like TATA IPL. Brands want to partner with IPL, so they pay to add their name on the award, digital screen, etc.

• BCCI also earns from selling the ticket in each match. However, they give shares to the teams involved in the match and the stadium where the match is being played.

How Is It Paving the Way for Youngsters?

IPL is one of the biggest leagues in the world that offers players a platform where youngsters can showcase their talent. Before the IPL, youngsters used to play in the domestic circuit, such as Ranji Trophy, Vijay Hazare Trophy, Shyed Mushtak Ali Trophy, etc., and they had to wait for a long time even after performing consistently. As these tournaments are not watched by too many audiences, even it is not telecasted properly.

On the other hand, IPL has got international recognition, where international players come to play, and youngsters get to play against top-quality players and share the dressing room with them. It helped them to recognize their mistakes and get better at their game. When they perform, people from all around the world know them. There are many examples of youngsters who make their name at the international level without playing for the national team. Yashashvi Jaisawal, Rinku Singh, Tilak Verma, Akash Madwal, and many more have received recognition from the IPL and money if we see IPL auction news. Sanju Samson is the captain of RR, with one of the biggest fan bases in India, but he has played a few matches for the Indian side. He got the biggest fan base due to the IPL.

How Does It Contribute to Sustainability?

Consumption impacts the environment, and with this large number of people coming to the stadium, sustainability becomes crucial. However, the BCCI has started a great initiative as for every dot ball in the knockout game; they will plant 500 trees.

The Bottom Line!

IPL is not just a game of cricket where players come to play and fans enjoy the match. There are too many things that are beyond it. For the latest IPL news, visit the CBTF's website.