Indian Cricket Board to earn INR 40 billion from Women’s cricket

The BCCI is all set to get richer by at least INR 40 billion with some of the top business houses set to bid aggressively for the five Women's IPL (WIPL) teams that would be auctioned. According to market experts, the teams are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction. "WIPL has huge potential but most of the legacy teams would like to mix optimism with pragmatism," an industry insider, who has previously worked on men's IPL team bid, told ahead of auction. "Expect a few bids in the range of INR 5 billion upwards. INR 8 billion plus could be a bit ambitious but BCCI won't complain," he added. More than 30 odd companies have bought the bid documents worth INR 500,000 including all the 10 men's IPL teams. Well-known corporate houses such as Adani group, Torrent group, Haldiram's Prabhuji, Capri Global, Kotak and Aditya Birla Group have also shown interest in buying a team. Some of these companies were unsuccessful when the BCCI invited bids for two new men's teams in 2021.