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Sports - General Knowledge Questions
The Indian Premier League (IPL), whose total valuation (2022) has surpassed ________ USD, has evolved into a decacorn.
A)
$10.9 billion
B)
$12.5 billion
C)
$15.4 billion
D)
$18.3 billion

Correct Answer :   $10.9 billion

The value of the Indian Premier League (IPL) ecosystem has touched a staggering $10.9 billion in 2022, thereby making the cash-rich league a decacorn, according to a report by consulting firm D and P Advisory.
 
* A business is called a decacorn when its value crosses $10 billion.
 
* The value of the IPL ecosystem has registered a 75% growth in dollar terms since 2020 when it was valued at $6.2 billion.
 
* The growth in the value of the IPL ecosystem in INR terms is 90%.
 
* The firm has used the Discounted Cash Flow (DCF) Method for valuation.
 
* The DCF Method is a valuation technique that provides an estimate of the value of an asset, or a business based on the cash flows that the asset or business is expected to generate over its remaining useful life.
 
* The report titled 'Beyond 22 Yards' noted that the growth in IPL ecosystem's value is primarily driven by the landmark $6.2 billion media rights deal inked by the Board of Control for Cricket in India (BCCI) in June and the auction of two new teams - Gujarat Titans and Lucknow SuperGiants - for a combined value of $1.6 billion in October last year(2021).
 
* Disney Star had bagged the IPL TV rights for Rs 23,575 crore while Viacom18 acquired the digital rights for a whopping Rs 23,758 crore..

Source : Economic Times

Published On : December 22, 2022
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