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

UN Chief António Guterres Launches Global Methane Action Plan Amid Escalating Climate Crisis

United Nations Secretary-General António Guterres has issued the strong warning about the growing dangers of…

25 minutes ago

Rajasthan Forms 5-Member Panel to Draft Uniform Civil Code

The State government of Rajasthan has constituted a five-member committee to prepare a draft law…

50 minutes ago

India’s First Made-in-India C295 Aircraft Set for IAF Delivery in September

India's first Made In India C295 transport aircraft is set to be delivered to the…

1 hour ago

BRICS Heads of Space Agencies Gather in India to Strengthen Global Space Cooperation

On 23rd to 24th June, 2026 in Bengaluru India hosting the BRICS Heads of Space…

2 hours ago

India Ranks 13th in QS World Future Skills Index 2027

India has secured the 13th position in the QS World Future Skills Index of 2027…

2 hours ago

Largest Economies in the World 2026: Top 10 Countries by Nominal GDP and Where India Stands

The latest International Monetary Fund (IMF) World Economic Outlook Report which released in the April…

3 hours ago