The first ever Women’s Premiere League recently fetched a total of Rs 4669.99 crores total bid, with the owners of MI, RCB, DC winning their respective bids to have women’s team for the first ever edition of the sporting tournament.
Earlier on Wednesday, BCCI Secretary Jay Shah took to Twitter and said, “Today is a historic day in cricket as the bidding for teams of the inaugural #WPL broke the records of the inaugural Men’s IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in the total bid.”
The five cities to take part in the first edition of Women’s Premier League will be Ahmedabad, Mumbai, Bengaluru, Lucknow, and Delhi. The Ahmedabad team received the highest bid thanks to Adani Group, lead by the world’s second richest man Gautam Adani. The team received a bid of a whopping Rs 1,289 crores.
Meanwhile, Mumbai Indians owner Indiawin Sports Pvt Lt will be owning the women’s team in the tournament and paid Rs 912.99 crores for the franchise. Royal Challengers group won the bid for women’s team at Rs 901 crores.
The Delhi Capital franchise, owned by JSW group, successfully bid Rs 810 crores for the women’s team that will play in the women’s tournament later this year. Capri Global, the newest entrant, spent Rs 757 crores to get Lucknow franchise.
The Facts of the Matter
As the nation prepares for another star-studded 16th edition of the Indian Premiere League, new updates have surfaced about the first edition of the Women’s Premiere League. Earlier this month, it was revealed that Viacom 18 had won the media rights for the upcoming edition of the Women’s IPL that is to be held later this year.
On Wednesday, BCCI secretary Jay Shah took to Twitter and shared another important update for the women’s edition of IPL. “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! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid,” Shah tweeted.
“The #WPL would bring necessary reforms in women’s cricket and would ensure an all-encompassing ecosystem that benefits each and every stakeholder,” Shah’s follow up tweet read, adding, “The @BCCI has named the league – Women’s Premier League (WPL). Let the journey begin….”.
𝐁𝐂𝐂𝐈 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝐭𝐡𝐞 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐛𝐢𝐝𝐝𝐞𝐫𝐬 𝐟𝐨𝐫 𝐖𝐨𝐦𝐞𝐧’𝐬 𝐏𝐫𝐞𝐦𝐢𝐞𝐫 𝐋𝐞𝐚𝐠𝐮𝐞.
The combined bid valuation is INR 4669.99 Cr
— BCCI (@BCCI) January 25, 2023
What Teams will Play in WPL 2023?
It appears that the five most looked after teams from the IPL will be locking horns in the WPL. Team owners of Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Lucknow, and Ahmedabad will play in the first edition of the WPL. It should be noted that their official names are yet to be announced.
Thousands of Crores Spent by Franchise Owners
Franchise owners that have owned the respective men’s team, successfully bid for the women’s team as well for the upcoming inaugural WPL.
Gautam Adani led Adani Group bid for the Ahmedabad team and successfully got the rights under its umbrella by paying a whopping Rs 1,289 crores. Mumbai Indians owner Indiawin Sports will also be owning the women’s team and they bid Rs 912.99 crores.
The same pattern was observed with other teams as well. Lucknow franchise owners Capri Global spent Rs 757 crores and Delhi Capitals owners JSW Group spent Rs 810 crores.
As many as 16 companies took part in the bidding held earlier on Wednesday.
Media Rights Sold for Rs 951 Crores
Earlier this month, another big development from Women’s IPL, now called the WPL, emerged with the Viacom 18 purchasing the media rights for the matches for a whopping Rs 951 crores for a period of 5-years, 2023 to 2027. As per the revenue model, the WPL will distribute 80% of the rights to the five franchises in the first five years, balancing, and often offsetting the franchises’ own operational costs.