IPL 2023: Rajasthan Royals' Net Worth and sources of revenue

In the realm of franchise cricket, the Indian Premier League (IPL) is one of the most renowned tournaments. Ten city-based franchises comprise the T20 league. The league was established by the Board of Control for Cricket in India (BCCI) in 2007, and the inaugural season took place in 2008 with Rajasthan Royals winning the title. The current IPL season is the 16th edition of the cash-rich league. Last year, IPL debutant Gujarat Titans defeated Rajasthan Royals in the finale to win the coveted title. The winners of the IPL 2022 received INR 20 crore, while the runners-up received INR 13 crore. Tata is the IPL's title sponsor while Dream11, Saudi Tourism Authority, CRED, Upstox, RuPay, and Herbalife are the league's official partners. Aramco is the official Orange and Purple Cap Partner, PayTM is the official Umpire Partner, and CEAT is the official Strategic Timeout partner of the league. Let’s take a look at the inaugural IPL champions Rajasthan Royals (RR) Net Worth and sources of revenue in the IPL - 1. Media Rights Sanju Samson (Photo Source : BCCI/ICC) The television rights to the IPL were sold to Disney Star in June 2022 for INR 23,575 crore for a period of five years. Meanwhile, Viacom 18 purchased the digital rights for the 2023-27 seasons last year for INR 23,758 crore, roughly amounting to around INR 50 crore per game. This year, the media rights for the IPL 2023-27 cycle were sold for a total of INR 48,390 crore. All the franchises will get a bigger cut in profits from the Board of Control for Cricket in India (BCCI) from the Media Rights revenue. According to reports, BCCI provides the franchises with a financial share of 40-50% of the media rights money, which serves as the principal source of revenue for all franchises. Humans of Bombay, 92.7 Big FM, and Rajasthan Patrika are RR's official media partners. Humans of Bombay is the official storytelling partner of Rajasthan Royals' for the 2023 IPL season. 92.7 Big FM is their official radio partner and hosts special interactions with players, apart from giving out match updates. Meanwhile, Rajasthan Patrika has been named their official media partner for IPL 2023. Besides this, RR is active on YouTube, where they have 672K subscribers, as well as on other social media platforms including Facebook and Instagram, boasting 5 million and 2.9 million followers, respectively. 2. Sponsorships Rajasthan Royals Jersey (Photo Source : Twitter) Sponsorship revenue is the second-largest source of income for IPL teams, contributing approximately 20-30% of total revenue for a team. The BCCI collects money from IPL sponsors and distributes 40-50% of it to IPL franchises, while IPL teams work with brands individually to boost the visibility of brands. Tata is the IPL's title sponsor for a cost of INR 440 crore, while Dream11, Saudi Tourism Authority, CRED, Upstox, RuPay, and Herbalife are the league's official partners. Luminous Power Technologies is the title sponsor of RR. Their primary sponsors include Reliance Jio, Dollar Industries, and BKT, while their associate sponsors are SBI Life, Goel TMT, and UBON. Their official partners are Fancraze, Dream11, Royal Challenge Package Drinking Water, Mahindra, Deakin University, Fino Payments Bank, Dettol, Schneider Electric, Bisleri, Bombay Shaving Company, Amul Organic and Heme Health. 3. Stadium Ticket Sales Guwahati Stadium (Photo Source : BCCI/IPL) Ticket sales revenue is one of the important sources of income for IPL franchises. According to reports, ticket sales make up around 15% of the franchises' total revenue. Teams also make money by hiring third-party food and beverage vendors to put up stalls in stadiums. The franchises divide the revenue from ticket sales between the sponsors and the BCCI. Ticket prices are decided by considering criteria such as the stadium's seating capacity, the city's standard of living, and others. Rajasthan Royals play their home games at the Sawai Mansingh Stadium, which can accommodate around 30,000 people. RR's second home in the ongoing season is the Barsapara Stadium in Guwahati, where they played their first couple of home games. Rajasthan Royals' IPL 2023 tickets in Jaipur cost between INR 600 and 2000, while it started from INR 1000 at Guwahati's Barsapara Stadium. 4. Merchandise sales RR Merchandise (Photo Source : Twitter) Franchises partner with merchandise sellers to offer items such as T-shirts, caps, wristwatches etc. for sale, and receive a portion of the money collected from customers. All franchises distribute items with the support of various commercial organisations. RR also makes money through the sale of official merchandise such as shirts and other athletic equipment. Rajasthan Royals' exclusive global merchandise partner is PlayR. The collaboration will see PlayR develop a line of RR fan stuff, including apparel, accessories, and lifestyle items. FanCode Shop, TagZ Foods, and Gullyactive Club are RR's other official merchandise partners. The collaboration will use FanCode Shop's sports commerce and technology skills to create a connected and seamless experience for fans to purchase licensed RR products. Gullyactive, an athleticwear brand, has teamed with Royals to manufacture fan items for the 2023 IPL season, while TagZ Foods is a snack-based startup that, too, has teamed up with RR to scale their merchandise business. 5. Prize Money RR champion photo of 2008 IPL (Phot o Source : Twitter) Prize money is quite minuscule in comparison to various other sources of income. Rajasthan Royals became the first franchise to win INR 4.8 crore as the winners' amount in the first IPL season. In the previous few editions, the IPL awarded a total prize pool of 46.5 crores, with the winning team receiving INR 20 crore and the runners-up getting richer by INR 13 crore. The losing team in the Qualifier 2 match was awarded INR 7 crore, while the losing team in the Eliminator got INR 6.5 crore. After finishing the 2022 IPL season as runners-up, losing to Gujarat Titans in the final, RR received INR 13 crore. However, the prize money for this season is yet to be formally disclosed.

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IPL 2023: Rajasthan Royals' Net Worth and sources of revenue

Luminous Power Technologies is the title sponsor of RR and their primary sponsors include Reliance Jio, Dollar Industries, and BKT, while their associate sponsors are SBI Life, Goel TMT, and UBON.

5. Prize Money

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