Categories: Sports

Women’s IPL teams auction: Adani wins Ahmedabad team with top bid of Rs 1,289 cr

Women’s IPL teams auction

BCCI secretary Jay Shah has confirmed that the total bids received from the winners were worth Rs 4,669.99 crore (USD 572.78 million approx). The owners of men’s IPL teams Mumbai Indians, Delhi Capitals and Royal Challengers Bangalore, as well as the Adani Group and Capri Global, have won bids to own the five women’s IPL teams at the auction ahead of the inaugural edition to be played in March this year. The tournament will be known as the Women’s Premier League (WPL), and the teams will be based in Mumbai, Delhi, Bengaluru, Ahmedabad and Lucknow respectively.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The winners were identified after opening sealed bids

  • The Ahmedabad team was sold for the highest price: INR 1289 crore (USD 158 million approx), followed by
  • Mumbai (INR 912.99 crore/USD 111 million approx),
  • Bengaluru (INR 901 crore/USD 110 million approx),
  • Delhi (INR 810 crore/USD 99.35 million approx) and
  • Lucknow (INR 757 crore/USD 92.85 million approx).

Business Model of this WIPL

The BCCI recently earned a big sum from the sale of the women’s IPL media rights, which were bagged by Viacom 18 for INR 951 crore (USD 116.7 million approx.) for a five-year period between 2023 and 2027. Under the revenue-sharing model, the women’s IPL will distribute 80% of the media rights money to the five franchises in the first five years. This is significant – as was seen in the men’s IPL – in offsetting a major part of the franchises’ operational costs.

Find More Sports News Here

 

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

World Bicycle Day 2026: Theme, History, Significance and Celebration Ideas

World Bicycle Day 2026 will be celebrated worldwide on 3rd of June 2026. This day…

5 minutes ago

India Conducts Successful Flight-Test of Indigenous RudraM-II Air-to-Surface Missile

The Defence Research and Development Organization (DRDO) and the Indian Air Fore (IAF) has successfully…

40 minutes ago

ICC Suspends Cricket Canada Membership Over Governance Breaches

The International Cricket Council has suspended the Cricket Canada membership with the immediate effect. ICC…

18 hours ago

Meesho and BSE Launch Project Shikhar to Help MSMEs Access Capital Markets

Meesho has partnered with the BSE (Bombay Stock Exchange) to launch Project Shikhar. This initiative…

18 hours ago

Tamil Nadu Farmer Honoured as UN FAO Soil Farmer Hero for Sustainable Farming Success

A Tamil Nadu farmer who emerged as the inspiring example of how the sustainable agriculture…

19 hours ago

Meet the Indian Students Who Won the Earth Prize 2026 with Plas-Stick Innovation

Indian teenagers Vivaan Chhawchharia, Ariana Agarwal, and Avyana Mehta won the 2926 Earth Prize as…

19 hours ago