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.
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
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.
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