On Friday, the BCCI conducted the auction for the upcoming IPL season. A total of 80 players got sold for a combined price of 167 crores. The IPL has become one of the world’s biggest sporting brands, and its value has surged 77% in a year to $8.4 billion in 2022.
The franchises have benefited heavily over the years, especially owners who have been with the league since its inception. Another recent trend which is a byproduct of the league’s growing stature is that the franchised have started buying teams in foreign domestic leagues.
Kolkata and Punjab are a part of the Caribbean Premier League. MI, KKR, and DC have teams in the upcoming South Africa T20 league, while all six teams in the ILT20 are by IPL franchises.
Reacting to the current culture, a BCCI source revealed that the board is unhappy with such investments and discouraged all the franchises from the same before the auction.
“BCCI tried to discourage teams from participating in foreign leagues. The apex board tried to dissuade teams from such steps in the future, ” an official said to Cricbuzz.
However, BCCI IPL chairman Arun Singh Dhumal refuted the reports and said that the board cannot control a franchise’s business interests.
“We cannot stop owners from buying other teams in foreign leagues. They have money, and it is their choice. They should look after their business interest. “
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