Indian premier league IPL winner prize money and total net worth of the IPL brand value, how much prize money IPL winner can get from IPL 2017. IPL 2017 Prize Money for winning team and runners-up teams. Indian Premier League IPL is the richest cricket league in the World, India is the most profitable market for cricket due to the demand and love towards the game in the sub-continent and India being its principal shareholder.
Read about Delhi Daredevils Owner and his net worth and team worth as well.
India’s emerging economy and flow of billions of dollar every year relating cricket industry in India are one of the major Industrial revolutions for India, the primary product of India’s billion-dollar cricket industry is its IPL Brand. IPL was formed. As a result to crush the rebel league i.e. Indian Cricket League ICL that was introduced in 2007 by Zee Intertainment Network without ICC and BCCI consents. Lalit Modi was the mastermind behind IPL and its success later on in the coming years, he was requested by BCCI to organize a league that outsmart the rebel ICL in 2008, the idea became so much successful that it is the biggest and wealthiest cricket league in the world and an important reason that team India is shining as number 1 team in all the formats and producing brilliant talent from the league every year. It was IPL that improved the quality of cricket and flow of money in domestic circuit that lured more youngster to join the sport as their profession.
IPL is a T20 cricket league that consists of 8 teams as of 2017, the teams represent different states of India, the league made its debut in 2008, 10 seasons have been conducted so far including the latest IPL 2017 season. The format of IPL is round-robin and Knockout based, all the seasons are played with the similar format.
The Most Successful team in IPL were Chennai Super Kings, Kolkata Knight Riders, and Mumbai Indians, all the three teams have won the title twice. IPL is one of the most expensive brands in cricket surpassing its competitors by a fair margin including Big Bash League and Pakistan Super League.
The league is held in different cities of India for two months i.e. April and May, the principal associate for the IPL is VIVO Electronics for IPL 2016 and IPL 2017. The Chart represents IPL Prize Money for the year 2017 in INR and USD and IPL Net Worth:
|IPL Prize Money 2017||INR||USD|
|Total Prize for all teams||50 crore||$7.5 Million|
|Winners||20 crore||$3 Million|
|Runners-up||12 crore||$1.8 Million|
|3rd Place||9 crore||$1.4 Million|
|4th Place||9 crore||$1.4 Million|
IPL Net Worth in 2016 was estimated at $5 Billion USD with an increase of 30% each year, its viewership is growing around 12% annually. In 2017, IPL Brand Value and Net Worth is expected to jump over to $6 Billion, it is contributing around $600 Million to the Indian GDP every year functioning for only two months.
Currently, 8 locations for 8 teams are stated as their home grounds, that includes the states of Hyderabad, Punjab, Delhi, Bangalore, Gujarat, Mumbai, Pune, and Kolkata. The Prize money of IPL 2017 was set INR 50 crore, the winning team got the most i.e. 20 crores while the four runners-up teams in the playoffs are rewarded INR 12 crore, INR 9 crore, and INR 9 crore respectively.