Women's IPL franchises fetch $572 million for Indian board

PUNIT PARANJPE/ AFP

The world's most affluent cricket board got further richer by $572.72 million (AED 2.1 billion) after unveiling five franchises for an Indian Premier League-style T20 tournament for women on Wednesday.

Since 2018, the Indian cricket board (BCCI) has been staging a three-team Women's T20 Challenge alongside the hugely popular IPL for men and faced demands to start a full-fledged women's tournament.

The owners of IPL's Mumbai, Delhi and Bangalore franchises are among the five entities who purchased teams in the Women's Premier League (WPL), which will be played in March.

The Adani group made the highest bid of approximately $158 million to buy the Ahmedabad franchise, while Capri Global Holdings Private Limited agreed to pay $92.84 million for Lucknow.

"Today is a historic day in cricket as the bidding for teams of inaugural WPL broke the records of the inaugural men's IPL in 2008," tweeted BCCI secretary Jay Shah.

"This marks the beginning of a revolution in women's cricket and paves the way for a transformative journey ahead not only for our women cricketers but for the entire sports fraternity."

The BCCI has already sold the tournament's media rights for the next five years to Viacom 18 for $117 million which translates into per-match-value of $870,393.

"This is a historic moment for Indian cricket, and we are delighted to be a part of it," said Nita Ambani of Mumbai Indians, which also owns teams in men's T20 tournaments in South Africa and the United Arab Emirates.

Former India captain Mithali Raj predicted "exciting times" for women's cricket, while England batter Danni Wyatt and former Australia all-rounder Lisa Sthalekar also took to Twitter to welcome the new tournament.

More from Sports

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Commuters will pay roughly 10 per cent more for fuel

    We find out what that means for us and for the global oil prices with Ed Bell of Emirates NBD and Matt Stanley of Kpler. Plus, we discuss the risks & rewards of the growing demand for second passports. And, we talk to Sky Kurtz of Pure Harvest Smart Farms about how UAE grown produce is going to Saudi Arabia.

  • STEM Learning

    The UAE's ambassador to Canada says developing STEM career paths for Emirati women should be a national priority.