IPL 2023: Mumbai Indians' Net Worth and sources of revenue
The Mumbai-based franchise has a valuation of $1.3 billion USD (INR 9968 crore approximately).
4. Merchandise sales
The revenue received from the sale of merchandise also plays a vital part in income generation for the team. Through the sale of jersey replicas, caps, coffee mugs, mobile covers, wristbands, and more, the franchise gets a decent chunk of money from consumers. In modern times, the non-traditional connection has helped Mumbai to be economically strong.
Ahead of the 2023 Women’s Premier League and IPL, MI re-launched its online merchandise shop ‘MI shop.’ Expanding its merchandise store, the franchise tied up with 10 licensing partners, including their global and domestic partners as well. playR, one of the leading global sports and lifestyle organisations, has also been signed by MI as the merchandise partner.
With the steep rise of game merchandise in the country, MI have realised the trend and upgraded the online store to strengthen its bond with the team’s supporters.
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