Last Updated on 2 years by Charbel Coorey
Cricket News: List of the most valuable IPL franchises 2023 | Which team is the most valuable IPL franchise in 2023?
The Indian Premier League (IPL) frenzy is set to take over the cricketing world in the coming few months. Most of the franchises will be working proactively to sign sponsorship deals in the first quarter of the current year.
Forbes had done a study on the valuation of all the IPL teams last year. Following is how the teams stood in that aspect.
Most valuable IPL franchises 2023
1. Mumbai Indians: $1.3 billion
The five-time IPL champions have been ranked atop the standings with a valuation of $1.3 billion. The number is only set to grow in the coming seasons with the team having signed a record Rs 100 crore sponsorship deal with digital payments company Slice for a period of three years prior to the previous season of the IPL.
2. Chennai Super Kings: $1.15 billion
The Chennai Super Kings (CSK) is the second-most successful franchise with four league titles to their name. They have a reported valuation of $1.15 billion and became India’s first sports unicorn with a then-reported worth of Rs 7600 crore in February 2022.
3. Kolkata Knight Riders: $1.1 billion
The two-time IPL champions have also crossed the billion dollar mark in terms of valuation. According to a Forbes article from 2022, KKR have revenue of $41.2 million and operating income of $14.1 million to top that.
4. Lucknow Super Giants: $1.075 billion
The RP-Sanjiv Goenka Group-owned franchise has shot in the top half of the valuation rankings within a year of its formation. The group had bought the team for Rs 7090 crore in October 2021 and they finished third in the previous season of the IPL.
5. Delhi Capitals: $1.035 billion
The Delhi Capitals, co-owned by the GMR Group and the JSW Group, is worth $1.035 billion. Electric vehicles (EV) infrastructure provider Bolt had signed up to become the principal sponsor for the franchise in March 2022.
6. Royal Challengers Bangalore: $1.025 billion
The Royal Challengers Bangalore (RCB), despite its incredible popularity, ranks quite low in the valuation rankings. The franchise has an overall valuation of $1.025 billion and Forbes reported that their revenue and operating income stood at $36.4 million and $9.7 million in 2022.
7. Rajasthan Royals: $1 billion
The Rajasthan Royals (RR) has a valuation of $1 billion and is owned by Emerging Media Ltd. It has an operating income of $6.6 million and they had signed with Dollar Industries a multi-year partnership to be their principal sponsors ahead of IPL 2022.
8: Sunrisers Hyderabad: $970 million
The 2016 IPL champions have a market worth of $970 million. They are owned by Sun Network Ltd and have reported revenue and operating income of $31 million and $3.2 million respectively.
9. Punjab Kings: $925 million
Punjab Kings have never won an IPL title and that perhaps reflects in the fact that their valuation is the least amongst all IPL franchises as well. At a value of $925 million, they stand towards the bottom of this table, according to Forbes.
10. Gujarat Titans: $850 million
Gujarat Titans, winners of the IPL in their first ever season, are in tenth place in the valuation rankings. The $850 million franchise is owned by CVC Capital Partners and will be aiming to have another terrific year in IPL 2023.
