IPL franchises mulling public listing & raising pvt equity funds: Report
The owners of two IPL franchises - Kings XI Punjab and Delhi Capitals - are considering public listing, while Rajasthan Royals is planning to raise private equity funds, a media report has said. The franchises in question have approached the BCCI in this regard. As per sources quoted by the report, the owners are awaiting clarity from the BCCI and that the queries made to the cricket body have been unofficial. As per a recent industry report, the standalone brand value of the Indian Premier League is now US$3.2 billion, up 80% from US$1.8 billion in 2022. Besides, the report also says that the IPL’s media rights have grown at a CAGR of 18 per cent from 2008 to 2023.
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