The big news: IPL's net worth is Rs 27,000 crore

The Board of Control for Cricket in India (BCCI) has said that the Indian Premier League is worth $4.5 billion (approximately Rs 27,000) crore. In its annual report for 2015-16, the board mentioned that this staggering sum was calculated by valuation appraisal firm Duff & Phelps.

Recently, the BCCI floated an open tender for the T20 league's global media rights (television and digital) for a 10-year period. A battle for these rights may see leading sports broadcasters such as Sony Pictures Network India and Star Sports spend more than $4 billion to bag them.

"The IPL's been a sure-shot hit on the field and off it too. On the field it has given the talented players a stage and a platform to exhibit their skills. It has been the fastest-growing league in the world, and it has also changed the landscape of domestic sport in the country. After the IPL was launched in 2008, many other sports have started such leagues. Numbers prove that the IPL has set a benchmark, and at the BCCI, we're extremely proud of this," said BCCI president Anurag Thakur.

Other top stories

  1. The International Cricket Council (ICC) has implemented changes to its Code of Conduct for players and the Decision Review System. The new rules will come into effect in the South Africa versus Ireland One-Day International match in Benoni on September 25.
  2. Former Indian cricketer Sachin Tendulkar has backed the current Test team to dominate world cricket for the next 10 years. "We have a fabulous combination. The best part about all these players is that they are young and they will play for a while. I see this team playing together for 8-10 years and dominating world cricket," said Tendulkar, according to PTI.
  3. India were outdone by some fine bowling by the New Zealand bowlers in the first Test at Kanpur on Thursday. India ended the day on 291/9 with Trent Boult and Mitchell Santner bagging three wickets apiece and were bowled out for 318, early on the second day.
  4. Pakistan are set to take on the World T20 champions West Indies in the first T20 in Dubai on Friday. While Pakistan top the Test rankings, they are a distant seventh in T20Is.
  5. Pakistan’s Salman Butt is not sure if he will be considered for national selection after a sparkling show in the National T20 Cup, but hopes to keep piling up the performances to keep him in the fray. Butt returned to cricket in September 2015 after a five-year spot-fixing ban. He has scored 536 runs at an average of 107 in National One-Day Cup last year. "I want to carry on with these performances till I get selected, that is the ultimate goal. I don't know if the board really want me or not, but I have two good performances. Let's see which door opens for me, but my job is to keep fit and keep scoring runs," said Butt, who is set to return to first-class cricket in October.
  6. South Africa's One Day International captain AB de Villiers will miss the only match against Ireland on September 25 to give himself more time to recover from the elbow injury. Faf du Plessis will captain the team in his absence while Rilee Rossouw was added to the squad as batting cover.