Lalit Modi, founder and creator of the Indian Premier League (IPL), has criticised the Board of Control for Cricket in India (BCCI) for shoddy management of the biggest cash cow in cricket.
It’s not hidden that Modi has an axe to grind with the BCCI. Back in 2010, he was suspended as the chairman & commissioner of the IPL for misconduct, indiscipline, and financial irregularities. 3 years later, he was banned for life. Naturally, it means that his word should be taken with a grain of salt when it comes to anything about the BCCI. However, he’s an expert on all things related to the IPL. It was Modi who made what IPL is today. Without his vision, it wouldn’t have been possible.
BCCI’s cut of IPL revenue
In a recent conversation with Sportstar, Modi revealed that the BCCI pockets 50% of the revenue generated from each IPL match, which is INR 118 crore according to him. The remaining amount is split equally, 25% each, by the two teams. However, this model was based on teams facing each other twice in the group stages, once at home and once away.
“(For) every game, the BCCI gets 50 per cent, and the remaining 50 per cent is distributed to teams. So, teams are now losing out on 20 games. It is by contractual obligation for the fees that they’re paying to provide them home and away,” Modi said.
Why hasn’t the number of games increased?
The BCCI was expected to increase the number of games. The broadcasters were promised an increase of matches from 74 to 84 to 94 in the 2023-27 media rights cycle. This will increase the revenue of the IPL franchise. But that hasn’t happened yet. He believes this costs every franchise about INR 120 crore per season. The IPL chairman, Arun Dhumal, recently addressed this concern as well.
“The home and away is where the value is. If you don’t have time in your calendar, don’t increase the number of teams. Simple as that. That’s not what we sold. Has everybody signed off on it? I guarantee not. Why are they not playing home and away? There are excuses. It is our contractual obligation. This is a commercial transaction for the teams,” he added.
Modi doesn’t believe the BCCI has run the IPL perfectly. The league and teams should’ve been bigger than this. Recently, the Royal Challengers Bengaluru and the Rajasthan Royals were sold for record sums. But if what Modi says is correct, they could’ve earned even more, as their evaluations would’ve been higher.
“If there were 94 matches today on a home and away basis, Rs 118 crore a game, it’s Rs 2,400 crore, just the media rights. That’s Rs 2,400 crores extra that’s coming to the BCCI. Out of this, Rs 1,200 crores would have gone to the 10 teams, each team would have got 120 crores, and the team value should have automatically been higher,” Modi concluded.
Franchise owners missing out on revenue worth crores because of BCCI, alleges IPL founder Lalit Modi Inside Sport India.
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