IPL 2023: Chennai Super Kings' Net Worth and sources of revenue

The Indian Premier League (IPL) is an annual men's Twenty20 cricket league in India comprising ten city-based franchises. The Board of Control for Cricket in India (BCCI) established the T20 league in 2007. It is the most popular cricket league in the world and it is as much about business as it is about cricket. 

The ongoing IPL 2023 is the tournament's 16th season, which has reverted to its original home-and-away format after more than three years. All IPL 2023 matches are being broadcasted on the Star Sports channels as the Star Sports Network is the official broadcaster of this season. Meanwhile, the digital rights to the tournament are owned by Viacom 18, and live streaming of the matches will be available on the Jio TV app. The IPL franchises get money in a variety of methods.

Let’s take a look at the four-time IPL champions Chennai Super Kings' (CSK) Net Worth and sources of revenue in the IPL -

1. Media Rights

After selling media rights, BCCI generates substantial cash from broadcasters and over-the-top (OTT) platforms. It deducts its part, and a large portion of the revenue is then distributed to the IPL teams. BCCI guarantees franchises a financial share of 40-50% of the media rights revenue and it is the primary source of revenue for all franchises. The title-winning team receives the largest percentage of BCCI’s income.

This year, the media rights for the IPL 2023-27 cycle were sold for a total of INR 48,390 crore, making IPL the world's second most valuable sporting event, after only the National Football League (NFL) in the United States. Notably, this has risen three times since The Walt Disney Star paid INR 16,347 crore in 2017. While the TV rights for the Indian subcontinent were sold for INR 23, 575 crores over five years to Disney Star, Viacom18 got the internet rights for the Indian subcontinent for INR 20,500 crore.

Chennai Super Kings (CSK) are the second-most successful franchise in the IPL, having won four league titles. CSK reportedly got INR 201.65 crore in media rights revenue during the IPL 2022. Their revenue from media rights will probably go above INR 400 crore in IPL 2023.