May be you don’t have enough money like Shah Rukh Khan,Vijay Mallya, Mukesh Ambani , Ness Wadia or Raj Kundra to buy a IPL team but you will be able to buy their stocks once it is listed with Bombay stock exchange /National stock exchange in the near future. Sources say IPL will soon be listed in Indian stock exchange as huge money is revolving around this sport body in just a span of 2 years.
Started last year in summer it is now the most watched domestic Twenty20 competition in the world.Though the second season has been hosted outside India in South Africa it has not lost its charm ,thanks to Bollywood stars,cheerleaders and of course Cricket as one of most popular sport in world making it a global sport in true sense.
The huge success of the IPL has heralded a new innings in the history of Indian cricket. A huge money spinner, the two-year-old IPL is worth a whopping $2 billion, according the United Kingdom-based brand valuation consultancy Brand Finance.
In the very first season the total base price for auction was US $400 million but the auction fetched almost double close to US $723.59 million.For developing and maintaining the IPL website www.iplt20.com a contract with the Canadian firm Live Current Media Inc. has been negotiated for US $50 million for the next 10 years.The Indian Government too earned Re 91 crore as tax revenue from the 1st season of the IPL. So much money flowing in and out of this sport body makes it obvious for its peddler and the respective owners of team to get their teams listed in BSE/NSE in the coming years.
The IPL brand alone has a value of over $311 million. The brand is just like any company today and it holds a long-term shareholder value. In 2-3 years, the IPL clubs may get listed on the bourses just like the popular English Premier League football.
IPL is now sold across the globe with “Made in India” tag has attracted a huge fan following in every corner of the world. Now more any team hit sixes or fours it will fall in green segment or the moment they lose any match it will go red signifying a bear run.