April 28, 2022
1 min read

Mumbai Indians most valuable team in IPL 2022: Forbes

Chennai Super Kings too have not performed well in this season so far, winning only two out of eight matches…reports Asian Lite News

The Indian Premier League 2022 has not been an easy ride so far for five-time champions Mumbai Indians but according to Forbes, the Mumbai-based franchise is the most valuable IPL team of this season.

According to Forbes, the Mumbai-based franchise has a value of $1.3 billion closely followed by Chennai Super Kings, which are valued at $1.15 billion.

The other teams including Kolkata Knight Riders ($1.1 billion), the new entrant of IPL 2022 Lucknow Super Giants ($1.075 billion) and Delhi Capitals ($1.035 billion) are next while Royal Challengers Bangalore ($1.025 billion), Rajasthan Royals ($1 billion), Sunrisers Hyderabad ($970 million), Punjab Kings ($925 million) and Gujarat Titans ($850 million) complete the list.

According to the valuation done by Forbes, the average worth of each franchise was $67 million, but with the league having recently expanded to ten clubs, that average is now up to $1.04 billion, an annualized growth rate of 24 per cent.

“The IPL is the most prominent cricket league in the world in terms of attracting sponsors and media rights,” Ajimon Francis, managing director at Brand Finance India, a brand valuation and strategy consultancy was quoted as saying by Forbes.

“A lot of credit goes to founders of the IPL, who took ideas from the NBA and European soccer leagues, and good governance by the BCCI with regards to clear visibility of team funding and ensuring the tournament continued during Covid,” he said.

ALSO READ-Blasters FC scripts history with fourth successive victory

Previous Story

Blasters FC scripts history with fourth successive victory

Next Story

Deadly heatwave building across India, Pakistan

Latest from India News

Israel backs India’s ‘Operation Sindoor’

The military operation struck camps and logistical hubs linked to terror groups held responsible for orchestrating the Pahalgam attack…reports Asian Lite News Israel has voiced strong support for India’s right to defend

70 Terrorists Killed in Indian Retaliation

The targets were selected based on “credible intelligence input” and focused on “dismantling terrorist infrastructure and disabling terrorists…reports Asian Lite News In a powerful response to the April 22 terror attack in

India Strikes Deep, Flattens JeM Base

Once a key base for terrorist operations, the site has been reduced to rubble, signalling a strong response to ongoing cross-border threats…reports Asian Lite News In a significant counter-terrorism operation on Wednesday,

LoC Shelling Turns Deadly; Evacuation Underway

Pakistan shelling started in Uri, Kupwara sectors in the Valley and Poonch and Rajouri in Jammu division….reports Asian Lite News Seven civilians lost their lives and 38 others were injured on Wednesday

India Strikes Terror Bases in Pakistan

‘Justice is served’, says Indian Army as Operation Sindoor unfolds In a significant military response to the deadly terror attack in Pahalgam that claimed 26 civilian lives, the Indian Army on Wednesday
Go toTop