The game of cricket has changed at a severe pace in the last decade or so. There have been many changes to test matches because fans refuse to watch classic 5-day tests anymore. Bowlers are getting destroyed by Twenty20 leagues worldwide, and this is due primarily to its popularity amongst young people who seem more interested in scoring runs than preserving one’s health through long-form bat play.
The T20 Cricket League has become a popular trend in sports. And it’s no surprise why – audiences can enjoy short games with high-intensity action across demographics, from all walks of life! The increased popularity also leads to an increase in dollars being wagered on these matches, which makes them even more exciting than before.
The world of cricket is a glamorous one, with many leagues competing against each other for attention. But how does your favorite league stack up? We’ve ranked the five wealthiest cricketing bodies:
1. Indian Premier League (IPL)
The IPL has been a staple in Twenty20 cricket for years. In 2015, Duff and Phelps conducted an extensive valuation analysis on this lucrative league valued at 4 billion dollars! The way people look at limited-overs games was utterly changed after witnessing such extraordinary success by one league.
The IPL has had a long and prestigious history of sponsorships, with companies like DLF bagging the first five editions in 2008. For each subsequent season, they invested Rs 200 crore in sponsoring this event, which was unprecedented for Indian sport; until now. Pepsi purchased its rights over two years (2008-2010). VIVO did too by purchasing them outright during the 2011 edition -taking us until 2017 when Star India acquired 16347.5 crores worth of broadcasting rights.
The League of Thrones has arrived at last! The eight teams that make up this prestigious league are Mumbai Indians ( Maharashtra), Chennai Super Kings(Tamil Nadu), Royal Challengers Bangalore, and Kolkata Knight Riders from India’s capital city Delhi.
2. Big Bash League (BBL)
In a world where many sporting leagues are struggling to survive, the Big Bash League has managed not just stability but growth. Since KFC became its chief sponsor in 2011 and sponsorships grew by 80% from the 2012-2013 season onwards due primarily at their feet for this success–the tournament’s revenue also shot up accordingly! 80 city-based franchises compete against each other for glory.
The BBL is a T20 league that has been around since 2016. This team’s primary source of income comes from ticket sales and broadcasting rights; in 2013, Ten Network acquired the five-year broadcasting deal worth 100 million dollars with an option to extend it by another five years at their choosing! The winning teams get prize money of $450,000, while the runner-up receives $260,000. The teams finishing third and fourth get $80,000 each.
3. Natwest T20 Blast
The Natwest T20 Blast is a professional cricket tournament in England, which has been formatting since 2003. It’s the third richest t20 league globally and was initially known as “The Privileged Owners’ League.” Eighteen first-class counties compete with each other for titles or rankings within their respective trophies while also competing against international teams like Pakistan, who play throughout all three formats of the game.
However, its proximity to two significant domestic competitions sometimes gets canceled when there isn’t enough space left on either calendar date, so you wonder how long these events will last?
England’s cricket board, the ECB, has been acquiring GBP 5-7 million annually from broadcasting revenues since 2011. But with low viewership rates in England and its traditional county-based organization structure, they are considering privatizing teams much like IPL, making it more of a city franchise affair than before when these types of games were played between two counties.
This is great news for professional cricket players! With eight franchises participating in this new tournament model, we can expect revenue to reach heights never before seen by such an organization. You can review how the payment will increase at https://parimatch.in/blog/en/cricket-leagues-twenty-20-and-t10/
4. Caribbean Premier League (CPL)
The Caribbean Premier League is a unique league that pits teams from all over the world against each other. The West Indies Cricket Board manages this competition, with their main title sponsor being Indian automaker MotoCorp and IPL franchise KKR having business relationships to go alongside it as well! From Shah Rukh Khan owning part of Tribango Knights Riders – one such company that has been a sponsor for many years now- you can tell how important these partnerships are in today’s game.
The glamorous and energetic Richard Branson, who also sums up the owner of Virgin Airlines, became the co-owner of this league in its inaugural season of the league in 2013. Hollywood star Mark Wahlberg has an association with it as well.
The broadcasting revenues are the primary source of income for this league. It’s been watched across 15 countries with an average view count of 208 million annually!
5. Pakistan Super League (PSL)
Pakistan, like the IPL, desired a domestic league. The majority of the games will be held in Dubai and Sharjah. The tournament began in 2016, and the Pakistan Cricket Board has reaped significant benefits.
The league follows the IPL’s city-based franchise model. All of the franchises were sold for a total of USD 93 million. This year, a new franchise has been added. The tournament is estimated to be worth $300 million. PCB made a profit of USD 2.6 million in the tournament’s first season.
The league’s only drawback is that it is held in the Middle East rather than in Pakistan. Due to high maintenance costs, the PCB is losing millions of dollars. The number of tickets sold is also relatively low. If PCB successfully hosts the tournament in Pakistan, the league will see a significant increase in ticket sales.
Conclusion
Cricket is a sport with a long and storied history, dating back centuries. In recent years, it has grown in popularity worldwide, thanks in part to the formation of professional leagues.
These leagues bring together the best players from all over the planet, giving fans a chance to see the very best in action. This could also be your chance to walk away with massive bonuses. Very few betting platforms allow you to bet on your favorite cricket game, and one of the few is Parimatch. They also feature live cricket betting.