D&P Advisory, a provider of consulting, advisory and valuation services, on Wednesday released Beyond 22 Yards 2024 – IPL Legacy and WPL Vision, an IPL and WPL valuation report. . In its second season, the WPL saw an impressive turnout with significant fan attention and support. In parallel, IPL 2024 witnessed unprecedented run-scoring, with almost all high-scoring records shattered in the season. Notably, this IPL made history by scoring more than 500 runs in a single match.

Some salient features of the report:

For the first time in the recent past, IPL’s business enterprise value declined to US$9.9 billion from US$11.2 billion last year. This marks a decrease of about 11.7 percent.

Impairment results from the revaluation of media rights. D&P Advisory’s previous report made some assumptions about the valuation of media rights when they are renewed (after the current cycle), but recent developments in the media and entertainment industry and the next Downward revision of estimates due to expected lower competitors/bidders in IPL auction.

WPL’s business enterprise value increased to $160 million after an inaugural edition valuation of $150 million, an increase of approximately 8%.

Again this year, Mumbai Indians emerged as the most valuable IPL franchise in 2024, followed by Chennai Super Kings.

According to the report, compared to the previous edition, the IPL ecosystem value has decreased from INR 92,500 Cr to 82,700 Cr, a decrease of about 10.6%. In USD terms, this translates to a drop from $11.2 billion to $9.9 billion, representing a decrease of about 11.7%. The downturn comes despite the league’s unwavering appeal, which continues to draw audiences across television and digital platforms.

In their last year’s valuation report, they have already estimated the expected increase from the renewal of media rights (after the current cycle). For the first time in 2022, the Board of Control for Cricket in India (BCCI) decided to split the media rights of TV and digital platforms for the next five years from the 2023 season.

Looking ahead, a possible lack of strong competition could lead to a more conservative approach in bidding for IPL media rights. Compared to the previous edition, the value of the WPL ecosystem increased from INR 1,250 Cr to 1,350 Cr, an increase of 8.0%. In USD terms, this translates to $150 million to $160 million. The league has consistently been a thrilling blend of cricket, business and entertainment and this year was no different. It continued to enthrall audiences on both television and digital platforms.