According to Forbes, the Mumbai Indians are the most valuable IPL team in 2022. The Mumbai-based franchise is worth $1.3 billion, followed by Chennai Super Kings, which is worth $1.15 billion.
Kolkata Knight Riders ($1.1 billion), Lucknow Super Giants ($1.075 billion), and Delhi Capitals ($1.035 billion) are the next teams on the list, followed by Royal Challengers Bangalore ($1.025 billion), Rajasthan Royals ($1 billion), Sunrisers Hyderabad ($970 million), Punjab Kings ($925 million), and Gujarat Titans (Value: $850 million).
The Indian Premier League, according to Forbes, has been a gold mine for investors. The franchise-owned cricket league published its first (and only) valuations of the league’s teams in 2009, putting the average value of the eight franchises at $67 million.
With the league recently expanding to ten clubs, that average is now up to $1.04 billion, representing a 24 percent annualised growth rate, according to Forbes.
“The IPL is the most prominent cricket league in the world in terms of attracting sponsors and media rights. A lot of credit goes to founders of the IPL, who took ideas from the NBA and European soccer leagues, and good governance by the BCCI with regards to clear visibility of team funding and ensuring the tournament continued during Covid,” Forbes quotes Ajimon Francis, managing director at Brand Finance India, a brand valuation and strategy consultancy.
Mumbai Indians, meanwhile, has had a torrid IPL season, having played 8 matches and losing all of them.
Rohit Sharma pens emotional note after eighth loss
Although they have made the cut to be the most valuable team in the Forbes list, MI this season have deeply struggled and Rohit Sharma had a message for MI fans around the world!
He wrote a heartfelt and passionate letter a day after they suffered their eighth consecutive defeat in the IPL 2022.
The five-time champions were defeated by the Lucknow Super Giants by 36 runs on Sunday as they returned to the Wankhede Stadium, considered their fortress, and failed to chase down a target of 169. They have now been eliminated from contention for the playoffs.
“We haven’t put our best foot forward in this tournament but that happens, many sporting giants have gone through this phase but I love this team and its environment. Also want to appreciate our well-wishers who’ve shown faith and undying loyalty to this team so far,” Rohit tweeted on Monday.
Mumbai Indians responded to the post, saying: “Stronger Together”.
