Mumbai: The Indian Premier League (IPL), a global cricket spectacle, continues to rewrite history, securing another prestigious title in its name. Now classified as a “decacorn,” the IPL joins an elite group of companies valued at over $10 billion (approximately ₹83,400 crore).
But what exactly is a decacorn, you might ask? Similar to a unicorn company exceeding $1 billion in valuation, a decacorn crosses the $10 billion threshold. In 2023, the IPL’s valuation reached a staggering $10.7 billion, a significant jump from $8.4 billion in 2022.
This remarkable growth reflects the transformative impact the IPL has had on cricket worldwide, seamlessly blending entertainment and sport. Since its launch in 2008, the IPL’s value has skyrocketed by a staggering 433%, according to the world’s leading valuation consultancy, Brand Finance.
This year, the IPL witnessed packed stadiums, heightened engagement across television and digital platforms, and lucrative media partnerships, leading to a massive increase in advertisement revenue. Consequently, the league’s valuation soared to unprecedented heights.
Individual teams within the IPL also boast impressive valuations. Mumbai Indians reign supreme as the most valuable team, with a brand value of $8.7 million, followed closely by Chennai Super Kings ($8.1 million), Kolkata Knight Riders ($7.86 million), and Royal Challengers Bangalore ($6.98 million).
The IPL’s transformation into a decacorn underscores its exceptional success and solidifies its position as one of the most significant sporting events in the world.
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