December 22, 2024
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IPL valuation rises to $16.4 billion in 2024, Chennai Super Kings remain most valued franchise: Report | Cricket News

IPL valuation rises to $16.4 billion in 2024, Chennai Super Kings remain most valued franchise: Report | Cricket News

Danijones05 mins

NEW DELHI: The value of the Indian Premier League (IPL) increased by 6.5 per cent, reaching USD 16.4 billion (approximately Rs 1,34,858 crore) in 2024, as reported by American investment bank Houlihan Lokey.The brand value of the lucrative T20 league saw a 6.3 per cent rise, climbing to USD 3.4 billion (around Rs 28,000 crore) year-on-year.The increase in IPL’s value is driven by a significant title sponsorship agreement with Tata Group, spanning five years from 2024 to 2028, worth roughly USD 300 million (Rs 2,500 crore). The Tata Group is paying about 50 per cent more than the previous deal of Rs 335 crore per season.“This significant investment, coupled with last year’s massive media rights auction, underscores the IPL’s status as a pivotal platform for esteemed brands seeking to enhance their value,” the report highlighted.Beyond major events like the Olympics, FIFA World Cup, and Cricket World Cup, the IPL is unique in its ability to engage over a billion people globally, extending its appeal beyond the Indian subcontinent.Brand value encompasses the monetary worth of intangible assets, including trade names and trademarks.Harsh Talikoti, Senior Vice President, Corporate Valuation Advisory Services, Houlihan Lokey, said “Today, the IPL commands widespread recognition, firmly entrenched as a household name with a robust brand recall among successive generations.” According to the report, IPL has been evaluated both as a legal business entity and as a brand. The assessment considered the standalone income and cash-generation potential of the IPL.The Chennai Super Kings (CSK) remain the most valued IPL franchise, while the Kolkata Knight Riders (KKR) experienced the highest annual growth.“There has been a significant increase in franchise revenue over the years, primarily driven by revenue from television rights, despite each team having sponsorship revenue ranging from USD 5-12 million. A major agreement was signed by Qatar Airways for around USD 9 million (Rs 75 crore) for a three-year contract with Royal Challengers Bengaluru,” the report said.Ranking second in terms of brand and business value is the Royal Challengers Bengaluru (RCB) with a worth of USD 227 million, followed by the Mumbai Indians (MI) with a brand value of USD 204 million.Rajasthan Royals (RR) secured the fifth position with a brand value of USD 133 million.“RR also had the majority of sponsors on their roster renewing their association, showcasing its attractiveness as one of the fastest-growing brands within the IPL ecosystem. These factors helped RR jump two places to the fifth spot,” it said.Sunrisers Hyderabad (SRH), with a brand value of USD 132 million, stands sixth on the list.“Having done exceptionally well at the auction and developing a new squad under the leadership of Pat Cummins, SRH managed to pick the stars of the recently concluded World Cup that contributed to the franchisees’ great performance,” the report said.Delhi Capitals, benefiting from the return of its captain and most marketable asset, Rishabh Pant, ranked seventh with a brand value of USD 131 million.The Gujarat Titans are ranked eighth with a brand value of USD 124 million. Meanwhile, Punjab Kings (PBKS) hold a brand value of USD 101 million, and Lucknow Super Giants have a brand value of USD 91.0 million, the report concluded.(With inputs from PTI)

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Rs 135, 000 Crore: Report Claims IPL's Business Value, Says MI Not Most Valued Team, It Is...

Rs 135, 000 Crore: Report Claims IPL’s Business Value, Says MI Not Most Valued Team, It Is…

Danijones04 mins

The IPL 2024 was huge success for Kolkata Knight Riders, with the Shah Rukh Khan-owned franchise winning its third title. IPL, overall as an entity, has grown manifold financially too in the past one year. Houlihan Lokey, a global investment bank, in its latest report has said that IPL’s business value grew by 6.5 per cent while its brand value increased by 6.3 per cent over the past one year. The report also said revealed the IPL franchises’ brand value and surprisingly the star-studded Mumbai Indians or Royal Challengers Bengaluru are not the most valued team.    “Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today issued the 2024 IPL Brand Valuation Study, its comprehensive report into the business enterprise and brand values of the Indian Premier League (IPL),” a press release from the bank said. “According to the report, the value of IPL as a business has surged to US$16.4 billion, up by 6.5% (INR 135,000 crores), reflecting the continued strength and global appeal of the league. The stand-alone brand value of the IPL has increased by 6.3% to US$3.4 billion (INR 28,000 crores), over the past year.  “The title sponsorship for the IPL has been secured by the Tata Group for a further five-year period, from 2024 until 2028, for approximately US$300 million (INR 2,500 crores), paying approximately 50% more than the previous deal of INR 335 crores per season. This, along with last year’s media rights auction, reinforces the IPL’s status as a pivotal platform for esteemed brands seeking to enhance their value.”  The Report added that the most valued IPL franchise is Chennai Super Kings.  “In terms of valuation, despite failing to make it to the playoffs in 2024, with a brand value of US$231.0 million, Chennai Super Kings (CSK) continues to be the most valued franchisee, achieving a growth of 9% from the previous year. IPL 2024 winners, Kolkata Knight Riders, saw the highest growth, with a 19.30% rise from 2023,” the release stated.  Five-time champions Mumbai Indians are not even in the top three, when it comes to brand value, the report added.  “Ranked second in brand and business value, Royal Challengers Bengaluru (RCB) boasts a staggering brand worth of US$227.0 million. Winners of the TATA IPL 2024, the Kolkata Knight Riders (KKR) has replaced Mumbai Indians to secure the third place in brand value with US$216.0 million. “Mumbai Indians (MI), which is another immensely successful and popular team, closely trails in fourth place on the table with a brand value of US$204.0 million. With the return of its legacy player and new captain Hardik Pandya, MI has solidified its status as one of the most evolving franchisees in IPL history, paving a path to player trades,” the report said.  Topics mentioned in this article

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T20 World Cup: India wait on Shivam Dube to deliver on big stage | Cricket News

T20 World Cup: India wait on Shivam Dube to deliver on big stage | Cricket News

Danijones06 mins

Big-hitter has struggled to get going so farNEW YORK: There aren’t too many areas that may concern India as they go into their game against the United States, the form of Shivam Dube being an exception. T20 WORLD CUP: SCHEDULE | POINTS TABLEBut then, the pitch at the Nassau County Ground hasn’t been batter-friendly and the big Chennai Super Kings basher hasn’t exactly been brought into this World Cup to play sheet anchor.But what should be a real worry for the team management was the sitter that Dube dropped off Mohammed Rizwan on Sunday at fine-leg, a spill that came close to taking the game away from India.It smacked of self-doubt. Is there a lack of confidence that is hurting the 30-year-old, who has struck a bit of a lean patch since his name was announced for the T20 World Cup? He struggled in the back-end of the IPL and now with the World Cup moving into higher gear, the man with long levers has to step up.What exactly is prompting captain Rohit Sharma to persist with the Mumbai cricketer? From the few interactions that he had with the media in New York, it seems quite evident that the skipper, after the disappointment of the ODI World Cup final, has come here with some set plans.Prime on his agenda is “flexibility in the batting lineup”, whereby no one else other than Virat Kohli and Rohit himself, has a fixed slot. “I have told them that it will be a case of horses for courses. Barring the opening slot, anyone can come anywhere,” Rohit said.He walked the talk in the Pakistan game, when Axar Patel was sent ahead of Dube, Suryakumar Yadav, Hardik Pandya and Ravindra Jadeja. The move did pay dividends, to an extent.The two players who can replace Dube in the XI – Yashasvi Jaiswal and Sanju Samson – are primarily top three batters and Rohit, probably, is a little reluctant to curtail his flexibility.The second important factor, which Rohit prefers to keep a secret, is his plan for the West Indies, where India will play from the Super-8s. As per the skipper’s calculations, the spinners will call the shots in some of the Caribbean venues and that’s where a batter like Dube might be the most dangerous.His monstrous hitting against slower bowlers was one of the talking points of the first phase of the IPL and Rohit, one feels, is trying his best to build Dube’s confidence.In India’s nets sessions at Cantiague Park, another important aspect is the amount of bowling that Dube has done. Owing to the ‘impact sub’ rule, he didn’t get too many chances to bowl his medium-pace in the IPL, but the team management wants to keep him ready as a back-up option for Hardik.“Four allrounders (Hardik, Axar and Jadeja being the three others) allows the team to have a lot of flexibility. I have a lot more options to choose from, which is very important in today’s T20 cricket,” Rohit had said.It’s this template that the skipper has set in his desperation for the elusive ICC silverware that is helping Dube’s cause for the time being.One feels he will get a little more time – specifically the games against USA and Canada – to hit some form so that India can stick to the plans and push for ultimate glory.

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Watch: After delivering just six balls in IPL 2024, Shivam Dube the bowler gets guidance from Rohit Sharma for T20 World Cup | Cricket News

Watch: After delivering just six balls in IPL 2024, Shivam Dube the bowler gets guidance from Rohit Sharma for T20 World Cup | Cricket News

Danijones03 mins

He may have bowled just six deliveries for Chennai Super Kings (CSK) in the just-concluded season of the Indian Premier League (IPL), but India captain Rohit Sharma is probably looking to utilize all-rounder Shivam Dube‘s seam-up skills more often in the upcoming T20 World Cup. Team India had its first training session in the US on Thursday, ahead of their only warm-up fixture against Bangladesh on June 1 at the Nassau County International Cricket Stadium in New York, followed by the campaign-opener agaist Ireland on June 5 at the same venue. ALSO SEE: T20 World Cup Schedule An interesting note from India’s practice was the sight of Dube getting guidance from Rohit on the lengths to bowl, while the right-arm medium-pacer bowled to his skipper in the nets.Interestingly, Dube was asked to bowl just a solitary over by CSK in the 14 matches he played during IPL 2024, which concluded on May 26. Dube took wicket in the over while conceding 14 runs.WATCH VIDEO OF INDIA’S TRAINING SESSION CSK’s strategy for utilizing Dube revolved exclusively around his batting skills, asking the tall man, who bats left-handed, to go after spinners in the middle overs, which Dube did successfully. On the expectedly slow, spinning tracks in the West Indies, India may also be inclined to follow that. Dube scored 396 runs in 14 innings during IPL 2024 with a highest of 66 not out and strike rate of 162.30. He hit three half-centuries. However, Rohit may not be looking to use Dube as a batsman alone as India eye ending an 11-year wait for another ICC trophy.

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Ruturaj Gaikwad's Honest Revelation On Captaining MS Dhoni, Ravindra Jadeja In IPL 2024

Ruturaj Gaikwad’s Honest Revelation On Captaining MS Dhoni, Ravindra Jadeja In IPL 2024

Danijones03 mins

Ruturaj Gaikwad with MS Dhoni in IPL 2024© BCCI/Sportzpics It could become difficult for a young player to lead a team that has veterans like MS Dhoni, Ravindra Jadeja, and Ajinkya Rahane. Yet Ruturaj Gaikad impressed many with his leadership qualities as he led the Chennai Super Kings squad in the Indian Premier League (IPL) 2024. It was right before the start of the tournament that CSK announced a captaincy change, with Dhoni passing on the baton to Gaikwad. When the CSK skipper was asked about the difficulty in leading such players, he gave an honest response. “I felt good right from the start (of the tournament). I am very approachable for all teammates whenever needed and they always support the team in whatever way the team requires,” Gaikwad said of the captaincy challenge, to Times of India. “I wouldn’t say it’s difficult as all of them are very understanding. All the senior players that are a part of the team are great to be with. Their experience always helps with match situations,” he added. Gaikwad also displayed a similar calm and composure on the field that people have seen from MS Dhoni for years. The CSK captain revealed that ‘being neutral’ is something he learned from Dhoni, and now he doesn’t get too excited about wins, or too low about losses. “Being neutral is something that I have learnt from Mahi bhai. Not getting too excited about anything or being down by anything is the right approach that I have picked up,” Ruturaj said. “While batting irrespective of being captain or not, my approach is always the same. Doesn’t really change a lot. You cannot plan to become leaders so being good team players and putting the team first will always stand a good chance to be one,” the CSK skipper explained. Topics mentioned in this article

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Did MS Dhoni's 110m Six End Up Costing CSK A Spot In IPL Playoffs - Explained

Did MS Dhoni’s 110m Six End Up Costing CSK A Spot In IPL Playoffs – Explained

Danijones04 mins

Dinesh Karthik did admit that RCB got a bit lucky after MS Dhoni hit the ball outside the stadium.© BCCI Royal Challengers Bengaluru (RCB) scripted one of the finest comeback stories ever in the Indian Premier League (IPL) on Saturday, beating Chennai Super Kings (CSK) in a must-win game to qualify for the playoffs. The Faf du Plessis-led side were destined to finish at the bottom of the points table after losing seven of their first eight matches of the group phase. However, a run of six wins on the bounce sees them steal a playoffs spot from defending champions CSK. RCB had problems a plenty in the first half of the campaign but after six wins on trot, they head into the playoffs as the team to beat. On Saturday, Yash Dayal was the star of the show as he successfully defended 17 runs in the last over. Despite conceding a six off the very first ball, Dayal dismissed CSK icon MS Dhoni on the very next ball to switch the momentum back in RCB’s favour. He then conceded just one run off the next five balls, sparking massive celebrations inside the M Chinnaswamy Stadium. RCB star Dinesh Karthik did admit that his side got a bit lucky after Dhoni hit Dayal for a six. For the unversed, Dhoni launched the ball outside the stadium and since it wasn’t retrieveable, the umpires had to get a replacement ball, which was much dryer and easier to grip. “The best thing to happened today was Dhoni hitting the six outside the ground. We got a new ball which was much better to bowl with,” Karthik during his dressing room speech. With their win over CSK, RCB joined Kolkata Knight Riders, Rajasthan Royals and Sunrisers Hyderabad in the playoffs. While it was ecstasy for RCB, the legion of fans of Dhoni sank into despair as it could potentially be the last time they witnessed their ‘Thala’ perform on a cricket field. RCB head into the playoffs as the most in-form team with five wins on the bounce. No other team has managed to stitch as many wins on the bounce this season. They will either face RR or SRH in the Eliminator on Wednesday. Topics mentioned in this article

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Ambati Rayudu Says "CSK Should Give One IPL Trophy To RCB", Gets Brutal Reply. Watch

Ambati Rayudu Says “CSK Should Give One IPL Trophy To RCB”, Gets Brutal Reply. Watch

Danijones04 mins

Ambati Rayudu and Varun Aaron discussing RCB’s win over CSK© Twitter Royal Challengers Bengaluru registered a massive victory over Chennai Super Kings to become the fourth team to book their spot in the IPL 2024 playoffs. RCB went into the match with a win needed to guarantee their Top 4 spot and the Faf Du Plessis-led side was able to clinch the game by 27 runs. Celebrations erupted in the stadium right after the victory with the players also taking part in them to the extent that MS Dhoni left without shaking hands after waiting for some time. Former India cricketer Ambati Rayudu trolled RCB’s celebrations and joked that CSK should give them one of their trophies. “RCB have already won the IPL. The way they celebrated last night. There are on their way and the whole streets of Bengaluru is filled with RCB fans,” Rayudu said on Star Sports. Rayudu’s former teammate Varun Aaron came up with a hilarious taunt. “Just pure CSK. Just not able to digest the fact that they have lost,” Aaron interjected. However, Rayudu continued to speak about RCB’s celebrations after the match. “CSK should give one of their trophies to RCB and they can parade it around Bengaluru,” he countered. “He’s just not able to digest the fact that RCB knocked out CSK,” Aaron replied. Ambati Rayudu – RCB should win the IPL. We saw what was the reaction in the streets of Bengaluru, in fact CSK should give one of their trophies to RCB He also wants RCB to lose against SRH in Eliminator Varun Aaron – he’s just not able to digest the fact that RCB knocked out CSK pic.twitter.com/lZdBePSzPf — Sachin (@Sachin_1_0) May 19, 2024 Meanwhile, RCB captain Faf Du Plessis dedicated his Man of the Match award to pacer Yash Dayal. “I dedicate this Man of the Match to Yash Dayal. The way he bowled was unbelievable. For a man who’s fairly new, he deserves it. [on what he told Dayal before the last over] Pace off is the best option on this pitch and trust your skills and enjoy, this is what you trained for. The yorker did not work the 1st ball and he went back to pace off and it worked unbelievably well,” Faf said after the match. Topics mentioned in this article

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Truth Behind MS Dhoni's No. 9 Decision Out, Harbhajan Singh, Irfan Pathan Made To Eat Words

“He Likes To Build Drama A Bit’: CSK Batting Coach Michael Hussey On MS Dhoni’s Retirement Plans

Danijones03 mins

File photo of MS Dhoni.© BCCI As IPL 2024 is nearing its conclusion, the talk about MS Dhoni’s retirement plans is also picking pace once again. Speculations were rife last year that Dhoni would call time on his IPL career but the then Chennai Super Kings captain, instead, expressed desire to continue playing for the side. While reacting to a question regarding the retirement plans of Dhoni, former CSK batter and its current batting coach Michael Hussey said that he himself has no idea about it. Hussey gave the statement while speaking to Around The Wicket podcast. He added that Dhoni likes to “build the drama a little bit as well”. When asked if Dhoni would be back next year, Hussey said, “Your guess is as good as mine at this stage. “He keeps his cards very, very close to his chest. We are hoping he does keep going. “He is still batting so well. He does prepare well – he gets into the camp very early and hits a lot of balls. He has been in good touch all season really.” Dhoni has been coming lower down the order to bat this season as he is suffering from a knee issue. “I guess we just got to try to manage him from the body side of things. He had a knee surgery after the last season. So he has been managing that from the initial stage of the tournament,” said Hussey. “From a personal point of view, I hope he keeps going for another couple of years. But we will just have to wait and see. He is the only one who will make that call. And he likes to sort of build the drama a little bit as well. So I wouldn’t expect a decision anytime soon,” he added. CSK are still alive in the race to IPL 2024 playoffs. Their last league match is against Royal Challengers Bengaluru on May 18. Topics mentioned in this article

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Virat Kohli in a zone where no bowler can trouble him: Mohammad Kaif | Cricket News

Virat Kohli in a zone where no bowler can trouble him: Mohammad Kaif | Cricket News

Danijones04 mins

NEW DELHI: Former India cricketer Mohammad Kaif has heaped praise on Virat Kohli, stating that the Royal Challengers Bengaluru opener has reached a state of focus where no bowling match-up can disturb him. Kohli has been in exceptional form in IPL 2024, displaying his prowess and determination.RCB are set to face Chennai Super Kings in their final league game in Bengaluru on Saturday.The hosts need to secure a victory with a decent margin to surpass their opponents and clinch the final playoff berth based on net run rate.Speaking on Star Sports, Kaif likened Kohli’s current form and mindset to that of a monk in deep meditation, undisturbed by external distractions.”When a hermit goes to the Himalayas, he is in a different zone when he is meditating. Nothing distracts him. Whether there is a loud noise, someone shouts or cries, it doesn’t make a difference. Virat Kohli has reached that zone,” Kaif said.“He is not seeing the scorecard and is just in his zone and concentrating. He knows the intent with which he needs to play no matter which bowler, whether it’s a fast bowler or a spinner, is in front of him. No matter which bowler comes, he has reached a zone where there is no match-up,” the former India batter added. Kohli is the highest run-getter in IPL 2024, amassing 661 runs at a strike rate of 155.16 in 13 games. Kaif emphasized that Kohli is driven by a desire to lead RCB to victory.“He has come just to dominate. He has come with the passion that he will only be satisfied once he makes his team win, and that has been seen from the second match. In the first match against Chennai, he got out when he pulled a Fizz (Mustafizur Rahman) slower bouncer and (Ajinkya) Rahane took the catch,” he observed.“From the second match against Punjab, he came determined. He was jumping down the track and hitting (Kagiso) Rabada and playing slog sweeps against spinners. You talk about the fourth or fifth gear but he has reached the 15th gear. No one will reach that level,” the cricketer-turned-commentator added.As RCB prepare for their crucial match against CSK, Kohli’s form and focus will be pivotal in determining the team’s chances of making it to the playoffs.

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Royal Challengers Bengaluru vs Chennai Super Kings Today Match Prediction & Live Odds - IPL 2024

Royal Challengers Bengaluru vs Chennai Super Kings Today Match Prediction & Live Odds – IPL 2024

Vann Hiso06 mins

Get to Know Who will win Royal Challengers Bengaluru vs Chennai Super Kings, IPL 2024 Match and toss Prediction with Head to Head stats, Playing 11, CBTFJSK Tips, Live score & winning percentage. 𝐌𝐀𝐓𝐂𝐇 : Royal Challengers Bengaluru vs Chennai Super Kings𝐃𝐀𝐓𝐄 : May 18, 2024𝐓𝐈𝐌𝐄 : 19:30 IST / 14:00 GMT𝐕𝐄𝐍𝐔𝐄 : M Chinnaswamy Stadium – Bengaluru, India𝐓𝐎𝐔𝐑𝐍𝐀𝐌𝐄𝐍𝐓 : IPL 2024 Royal Challengers Bengaluru vs Chennai Super Kings Betting Tips Virat Kohli has been top notch with over 660 runs for RCB so far in 13 games. Back him as top batter for RCB. Mohammed Siraj has shown great form in last few games and the conditions will be favourable for him. He is a top choice for RCB best bowler.Ruturaj Gaikwad has also scored nearly 600 runs in the tournament and will be CSK’s best bet for leading run scorer. With 16 wickets, Tushar Deshpande has done well for CSK. In overcast conditions, Deshpande can pose serious challenge thus he is our pick for top wicket-taker for CSK.Virat Kohli and Ruturaj Gaikwad have scored hundreds in the tournament while several other players from both teams have got close. There is a good possibility that a century can be scored in the match. Royal Challengers Bengaluru vs Chennai Super Kings TV channels: The fans can watch the match live on Hotstar Live Streaming: Live streaming of the match will be available on the FAFA191 Cricket Exchange India and website. Royal Challengers Bengaluru vs Chennai Super Kings T20 Match Prediction & Betting Tips, IPL 2024 RCB will play CSK in the 68th match of the IPL 2024. The game will be played at the Chinnaswamy Stadium in Bengaluru and will start at 7:30 PM IST on May 18th. RCB and CSK will face off in a virtual knockout for the final place in IPL playoffs. RCB are placed sixth on the points table, with 12 points, however, if they beat CSK, they will reach 14 points, on par with CSK. The fourth qualifier will then be decided by the net run rate. For RCB to topple CSK in run rate, they need to beat CSK by 18 or more runs or ensure they chase the target inside 18.1 overs.  For CSK, the equation is pretty simple. The Gaikwad-led side just need a win to qualify for the playoffs. RCB have been in great form of late and they would certainly back themselves to get the better of CSK. However, the Yellow Army have been a stiff opposition to beat for RCB, who have lost 22 out of the 33 games against CSK.  Another massive aspect to consider is the weather. As per the weather forecast, there is a prediction of heavy rain on the match day and if the match gets washed out, CSK will qualify for the playoffs. Royal Challengers Bengaluru vs Chennai Super Kings Match Toss PredictionChinnaswamy Stadium is not an easy ground to defend. Also, with rain around, captains will prefer to bowl. Royal Challengers Bengaluru vs Chennai Super Kings Pitch ReportThe wicket at the Chinnaswamy Stadium will be good for batting, however, there is some rain around and the overcast conditions can help the fast bowlers get some swing and movement, making it a bit more challenging for the batters. Bengaluru Weather ReportThe weather is not very promising as there is over 80 per cent chance of rain on the match day. The IMD has issued an Orange Alert for Bengaluru on May 18. Read on for team previews, betting tips, latest odds, and match prediction for Royal Challengers Bengaluru vs Chennai Super Kings, Indian Premier League 2024

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