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MUMBAI :U.S. media behemoth Walt Disney and Indian conglomerate Reliance Industries were the major winners in a high-stakes bid to broadcast the IPL, the world's richest cricket league, for the next five years in deals fetching the organisers $6.2 billion.
IPL's media rights has not surprised BCCI secretary Jay Shah, who asserted that cricket's most talked about T20 league has potential to deliver way more. In an exclusive interview with PTI, the 33-year-old Shah spoke on a range of subjects related to Indian cricket, IPL's place in the global cricket calendar, running the cricket establishment in times of COVID-19 and the road ahead for both Indian cricket and IPL.
The IPL Media Rights e-auction is over and Board of Control for Cricket in India (BCCI) secretary Jay Shah took to Twitter to announce the details of the new valuation of the lucrative Indian Premier League. The Indian cricket board has managed to rake in more than 48 thousand crore rupees through this auction for the next five year cycle of the league from 2023 to 2027. This is almost three times the amount it had received for the previous 5-year cycle.
India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion.
BCCI on Tuesday reaffirmed its status as a cricketing behemoth by securing one of the biggest broadcast deals in the history of the sport, fetching an eye-popping 48,390 crore ($6.20 billion) through IPL media rights for a five-year period, starting 2023. While Disney Star retained their Indian sub-continent TV rights with a figure of Rs 23,575 crore (Rs 57.5 crore/game), the most sought-after India digital rights deal was acquired for Rs 20,500 crore by the Reliance backed Viacom18, which also won the non-exclusive Package C, paying another Rs 2991 crore.
Indian Cricketers Association (ICA) on Tuesday expressed their "immense gratitude" towards BCCI for increasing the pension of former Test and first-class cricketers along with retired umpires. The BCCI has doubled the pension of former first-class and Test cricketers with those earning Rs 15,000 going up to Rs 30,000 and those with Rs 37,500 being upgraded to Rs 60,000 bracket. Those who received Rs 50,000 from now on will get Rs 70,000.
Indian Cricketers Association (ICA) on Tuesday expressed their "immense gratitude" towards BCCI for increasing the pension of former Test and first-class cricketers along with retired umpires. BCCI has doubled the pension of former first-class and Test cricketers with those earning Rs 15,000 going up to Rs 30,000 and those with Rs 37,500 being upgraded to Rs 60,000 bracket. Those who received Rs 50,000 from now on will get Rs 70,000. "The announcement by the BCCI yesterday has been very well received by our members, many of whom have benefitted with this move in these days of rising prices and falling interest income, all of which has become a world-wide phenomenon," ICA stated in a media release.
Jay Shah, the Secretary of Board of Control for Cricket in India (BCCI), on Monday announced an increase in the monthly pension of former cricketers and match officials. Shah, made the announcement on Twitter and also stated that due to this decision, around 900 personnel will be benefitted. "I'm pleased to announce an increase in the monthly pension of former cricketers (men & women) and match officials. Around 900 personnel will avail of this benefit and close to 75% of personnel will be beneficiaries of a 100% raise," tweeted Shah.