WIPL 2023: BCCI offers LUCRATIVE 80% revenue share to WIPL teams for first five years, CSK, PBKS, RR all show interest

WIPL 2023: Women IPL 2023 – The BCCI is offering a healthy revenue share to Women’s IPL franchises having floated a tender for the ownership of five teams this month. The Inaugural Women’s IPL is set to be rolled out in March, and BCCI has invited parties to show interest in franchise ownership. A January 21 deadline has been set for the purchase of tender, while teams are likely to be sold on January 25. Follow Women IPL 2023 LIVE updates on Insidesport.IN

Also Read: Women IPL 2023 Media RIGHTS: 3 way battle coming UP on 16th January, Disney Star, ZEE-SONY, Viacom set to BID for WIPL RIGHTS: Follow LIVE Updates

WIPL 2023: BCCI offers LUCRATIVE 80% revenue share to WIPL teams for first five years, CSK, PBKS, RR all show interest in Women’s IPL franchise, Deadline on January 21 – Check out

As per Cricbuzz, BCCI have offered a lucrative 80-20 revenue share scheme for the first five years to WIPL franchises. The ITT mentions that the formula will be gradually shifted to 60-40 from 2028 for another half-decade. 10 years on in 2033, a 50-50 margin will be set between the teams and their regulator BCCI.

The terms are no different from what was offered to IPL franchises back in the day. 15 years of inception, the IPL currently operates on a 50-50 model with all franchises involved. The central revenue will consist of income from sponsors and media rights. The WIPL media rights auction is set for January 16, with all major players – Star, Sony, and Zee involved.

With the WIPl being viewed as a ‘growth vehicle’ and a potential for great success, there is interest in all aspects of the new tournament. Insidepsort understands that Disney+ Star, Sony-ZEE Combine & Viacom18 will bid for the WIPL Media Rights. According to informed personnel in BCCI, other than the top 3, Amazon Prime, FanCode, Times Internet, Google, and Discovery have picked the Tender Documents.

The Media tender was recently floated for the 2023-2027 period.
The tender was available for purchase till December 31.
More than 10 parties have picked Tender.
The bid submission will take place on January 16.
The BCCI will follow a closed bidding process to award media rights for Women’s IPL.

Also Read: Women IPL 2023 Auction: BCCI sets Jan 26 deadline for ‘Women IPL Auction registration, to follow IPL Auction pattern, CHECK out ‘reserve price’ categories, Follow WIPL 2023 LIVE

WIPL 2023: BCCI offers LUCRATIVE 80% revenue share to WIPL teams for first five years, CSK, PBKS, RR all show interest in Women’s IPL franchise, Deadline on January 21 – Check out

There is also some fierce competition for the franchise auction. The likes of CSK, PBKS and RR have already expressed their interest in owning a WIPL franchise and have picked up tender documents. DC and KKR are also credited with an interest, while a host of other parties are also in the process.

Interested parties will be required to have a net worth of Rs 1000 crores. The BCCI had a similar clause when selling two new IPL teams – Ahmedabad and Lucknow respectively. The BCCI expects a major windfall from the franchise auction.

As per the ITT timeline, all interested parties can seek clarifications till January 13. The Tender is available to purchase until January 21. January 23rd is the date for the due diligence and verification process and two days later, on January 25, the franchises will be allotted through a closed bidding process. Unlike the media rights, the teams will be allotted to the highest, not the best bidder.

“We’ve applied to buy the bid document. Now we’ll have to find out about the economics of it. We are interested. If CSK doesn’t have a women’s team, it may not look good. We’d like to promote women’s cricket,” CSK CEO Kashi Viswanathan told TOI.

“We are picking the bid document,” confirmed Rajasthan Royals chairman Ranjit Barthakur.

WIPL 2023: BCCI offers LUCRATIVE 80% revenue share to WIPL teams for first five years, CSK, PBKS, RR all show interest in Women’s IPL franchise, Deadline on January 21 – Check out

Meanwhile, the WIPL will also opt for an auction just like the Men’s IPL. Players will be categorised into base prices ranging from Rs 10 lakh to Rs 50 lakh. The likes of Smriti Mandhana, Hamranpreet Kaur and Deepti Sharma will all go under the hammer in February.

WIPL 2023 Auction: What we know so far

Like the Men’s IPL, the WIPL will also have a player auction.
The base prices of all players have been set from Rs. 10 lakhs to Rs. 50 lakh
Capped players can choose a base price from 30 Lakh to 50 lakhs.
Uncapped players can register in the 10 and 20-lakh categories.
The likes of Harmanpreet Kaur and Smriti Mandhana will all go under the hammer.
The Auction will be held in February, Registration deadline closes on January 26.

The deadline for entering the Player Auction Register is set for 5 PM on January 26 by the BCCI. The Indian board has requested to all cricketers — capped and uncapped — to register online. The BCCI has also clarified that they would also interact with state associations and not player agents for the auction process. A failure from the player to abide by the same could see their name withdrawn from the list.