The head of the multi-billion dollar Indian Premier League says the glitzy tournament is taking aim at football and basketball’s heartlands as India strengthens its role as world cricket’s financial powerhouse.
The high-octane Twenty20 extravaganza — which reaches the climax of its 11th season this week — is doing “wonderfully well”, IPL chairman Rajeev Shukla told AFP as he set out the league’s global ambitions.
Bolstered by a five-year $2.55-billion broadcast deal signed last year with Rupert Murdoch’s Star, the IPL is one of the wealthiest leagues in any sport, helping to consolidate further India’s dominance of world cricket.
The South Asian giant contributes 70 percent of International Cricket Council’s revenues.
The IPL boss is now eyeing viewers and earnings at the level of global broadcast giants such as football’s English Premier League (EPL) and America’s National Basketball Association (NBA).
“We are not able to figure out where it (broadcast rights and sponsorship) will peak… but I think after the EPL, this is the most important league. It can match any league,” said Shukla, a veteran politician and cricket administrator.
The first step will be to expand the IPL market brand.
– ‘A touch of Bollywood’ –
“In cities where we don’t host matches, we organise fan parks where we invite people to watch the match on the big screen. So 20,000-30,000 people are coming to the fan parks,” the IPL boss said.
“Now we are planning to take it overseas, to places like Dubai, the UK and also America.”
There is some catching up to do. The IPL’s 60 games over seven weeks earn about $8.5 million per game in television revenues, just in India.
According to industry figures, each EPL football match earns more than $11 million in the UK, with millions more from foreign broadcast right.
An average EPL match is watched by more than 12 million people around the world. The 2017 IPL final drew almost 40 million viewers — in a country of 1.25 billion population, according to broadcasting surveys.