Cricket’s Indian Premier League value surges to $18.5 billion — report

Royal Challengers Bengaluru's players celebrate with the trophy after winning the Indian Premier League (IPL) Twenty20 final cricket match against Punjab Kings at the Narendra Modi Stadium in Ahmedabad on June 4, 2025. (REUTERS/File)
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Updated 09 July 2025
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Cricket’s Indian Premier League value surges to $18.5 billion — report

  • World’s richest cricket series top revenue earner for BCCI, generates estimated $11 billion a year for Indian economy
  • Indian Premier League’s brand value jumps 13.8 percent to $3.9 billion in past year, global investment bank Houlihan Lokey says

NEW DELHI: The Indian Premier League’s business value has been estimated at $18.5 billion with reigning champions Royal Challengers Bengaluru its wealthiest franchise, according to a report by an investment bank.

The world’s richest cricket tournament has been a top revenue earner for the Board of Control for Cricket in India (BCCI) and in 2020 was estimated to generate more than $11 billion a year for the Indian economy.

According to US investment bank Houlihan Lokey, which has valued several sports franchises around the world, the brand value of the 10-team T20 franchise tournament has seen a sharp rise of 13.8 percent to $3.9 billion over the past year.

Bengaluru, who along with star player Virat Kohli won their first IPL title this year, have overtaken five-time winners Chennai Super Kings and Mumbai Indians to achieve a brand value of $269 million.

Mumbai is second with $242 million, followed by Chennai at $235 million.

The Houlihan Lokey report called the IPL “a global phenomenon” that has become more than just a cricket league.

“The IPL continues to set benchmarks in sports business. Franchise valuations have soared, media rights deals have reached record highs, and brand partnerships have diversified across sectors,” Harsh Talikoti from Houlihan Lokey, said in a statement.

“The league’s ability to attract global investors and sponsors reflects its status as a premier sports property with enduring appeal.”

Bengaluru beat Punjab Kings for the title at the world’s biggest cricket stadium in Ahmedabad in June to conclude the 18th edition of the league.

The report said the 2025 final had more than 678 million views on the official streaming platform JioHotstar, surpassing the India-Pakistan clash during the Champions Trophy in February this year.

The IPL, which is broadcast around the world and features top international stars such as Australia’s Pat Cummins and England’s Jos Buttler, mixes sport and showbusiness in a glitzy format, with a number of teams fronted by Bollywood movie superstars.

Since it launched in 2008, it has inspired a range of other franchise-based leagues in India in sports as diverse as boxing, badminton, poker and kabaddi, and spawned copycat cricket tournaments elsewhere.


Home hero Piastri edges Antonelli in second Australian GP practice

Updated 06 March 2026
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Home hero Piastri edges Antonelli in second Australian GP practice

  • McLaren’s Oscar Piastri powered to the fastest time ahead of Mercedes’ Kimi Antonelli in second practice for the season-opening Australian Grand Prix on Friday

MELBOURNE: McLaren’s Oscar Piastri powered to the fastest time ahead of Mercedes’ Kimi Antonelli in second practice for the season-opening Australian Grand Prix on Friday as drivers grappled with sweeping new engine changes.
The Australian sent 125,000 fans at his home track into a frenzy by blasting round Albert Park in one minute 19.729secs, 0.214 clear of Antonelli.
Antonelli’s teammate, pre-season favorite George Russell, came third, a fraction clear of Ferrari’s seven-time world champion Lewis Hamilton.
“A lot of learnings but overall a reasonably good day,” said Piastri, who won seven times last year but could only finish the championship in third.
“FP2 ran smoothly and we were able to find a bit more consistency and the car behaved more as we expected, which was good.”
After a dismal debut season with Ferrari last year, an upbeat Hamilton was encouraged by what had been achieved so far by the Scuderia.
“It was challenging at times on track, but we maximized our laps and executed to the best of our ability, getting some good information,” he said.
“Lots of work to do but I’m looking forward to getting back in the car tomorrow.”
Charles Leclerc, in the other Ferrari, was fifth with four-time world champion Max Verstappen sixth after spending half the session in the garage having stalled his Red Bull.
McLaren world champion Lando Norris clawed his way to seventh, more than one second off the pace, after managing only seven laps in first practice due to gearbox issues.
“We’ve got some good bits of data to go over from the second half of FP2 and there’s plenty we can learn from what our competitors have been doing,” said Norris, while admitting to “a tricky first day.”
Racing Bulls’ impressive rookie Arvid Lindblad banked an eye-opening eighth, a place ahead of Isack Hadjar — the man he replaced and who is now Verstappen’s teammate.
F1 begins new era
It was the first proper test of far-reaching new engine and chassis rules with the hybrid power units now 50 percent traditional combustion and 50 percent electric.
With a finite amount of energy available, drivers had to carefully manage their batteries on each lap, working out when to deploy while building it up back through braking.
The challenge of Albert Park is its long sweeping straights, which deplete batteries, and relatively few twisty turns to brake and charge it up again.
There have also been changes to the aerodynamics of the cars, which are lighter and smaller.
On a perfect Melbourne afternoon, Nico Hulkenberg led them out, but it was Hamilton who set the opening time.
Verstappen had an inauspicious start, stalling in the pit lane, while Russell clipped Lindblad on his way out and needed a new nose.
Verstappen’s car was wheeled back into the garage, apparently stuck in gear, where he stayed for almost half an hour.
The drivers started on a mix of medium and hard tires and Russell soon upstaged Hamilton as they jockeyed for places.
At the halfway mark it was Italy’s Antonelli, Russell, Hamilton and Piastri.
Russell locked up and hit the gravel at Turn 3 as he pushed hard, as did Hamilton, but they both kept enough momentum to get back on track.
Piastri blasted to the top of the timesheets on soft tires with 25 minutes left as Verstappen began climbing the leaderboard.
But the Dutchman was trying too hard and careered into the gravel at Turn 10 with debris flying off his car, ending his day early.
Fernando Alonso clocked 18 laps and Lance Stroll 13 as the troubled Aston Martins battle extreme vibration caused by the new Honda power unit.
Newcomers Cadillac — the 11th team on the grid — also struggled with Valtteri Bottas 19th and Sergio Perez last.
In first practice, Leclerc outpaced Hamilton with Verstappen and Hadjar third and fourth.