IPL 2023: Chennai Super Kings' Net Worth and sources of revenue
CSK's revenue from media rights is likely to go above INR 400 crore this year.
3. Stadium Ticket sales
One of the most important sources of money for IPL franchises is ticket sales revenue. According to reports, ticket money accounts for approximately 15% of the overall revenue generated by the franchises. Teams also make money by contracting third-party food and beverage providers for setting up stalls in stadiums.
Notably, the team's owners choose ticket prices. A certain percentage of the cash from ticket sales is shared with the sponsors and the BCCI, while the remaining amount goes to the team's wallet. The ticket costs are determined by the stadium's seating capacity, the excitement around the event, the city's standard of living, and other factors.
The MA Chidambaram Stadium, also known as the Chepauk Stadium in Chennai, Tamil Nadu, is the home venue of the Chennai Super Kings. Currently, the stadium is capable of accommodating 50,000 spectators. CSK's IPL home match ticket prices range from INR 1500 to INR 3000.
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