IPL 2018: Franchises To Get Rs 250 Crores From BCCI Annually

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| March 12 , 2018 , 17:39 IST

The eight teams in the cash-rich India Premier League will now receive a sum of Rs 250 crore a year, which is a four-time increase from the Rs 60 crore that they used to receive annually in the last 10 years of the league's existence.

The exponential increase is due to the 400 percent jump in BCCI’s income from television rights of IPL. After selling them for Rs 16,347 crores to Star Sports for a period of five-years, they will receive 3200 crores per season from the channel, rather than 800 from previous holders Sony. Coupled with sponsorship deals with Vivo and Ceat, BCCI’s income increment was going to be fruitful for the teams as well.

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The teams, however, will not be without liability. Having paid the required 10 installments as the franchise fee, the teams will now have to shell out 20 percent of their annual income to the BCCI. The income from the central revenue will also be counted as part of the yearly income.

The eleventh edition of IPL will start from April 7. It marks the return of Chennai Super Kings and Rajasthan Royal who were on a forced hiatus from BCCI due to fraudulent activities. The opening game will be between defending Champions Mumbai Indians and Chennai Super Kings.