Sports teams often operate as full-scale entertainment businesses, earning substantial income from various sources such as sponsorship deals, media rights, and match-day sales.
This article highlights the top five IPL franchises with the highest revenues for the fiscal year 2022-23, according to Business Standard.
5. Lucknow Super Giants – ₹286 Crores
LSG was the franchise with fifth highest revenue
The Lucknow Super Giants (LSG) are a prime example of rapid financial success in the IPL. Within a short period, LSG earned a notable ₹286 crores in revenue for the fiscal year 2022-23.
This remarkable financial achievement highlights their effective strategy for entering the league, solid management practices, and a strong emphasis on creating a brand that connects well with fans.
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4. Chennai Super Kings – ₹292 Crores
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CSK was the franchise with fourth highest revenue
Under MS Dhoni’s leadership, the Chennai Super Kings (CSK) have achieved success both on the cricket field and in business.
CSK’s business strategy has proven effective, generating ₹292 crores in revenue. This includes ₹78 crores from sponsorship deals. The team capitalizes on its large fan base and steady performance to maintain strong profitability.
3. Mumbai Indians – ₹359 Crores
MI was the franchise with third highest revenue
Owned by India Win Sports Pvt. Ltd., the Mumbai Indians have used their brand power to earn ₹359 crores in revenue. Their impressive achievements, including five IPL championships, have solidified their status as a leading franchise. This success has attracted a large international fan base and significant commercial opportunities.
2. Gujarat Titans – ₹360 Crores
GT was the franchise with second highest revenue
Although the Gujarat Titans are a new team, they’ve demonstrated that combining smart brand-building with outstanding performance on the field can result in swift financial success. Their notable revenue of ₹360 crores highlights how quickly new teams can thrive in the competitive IPL environment.
1. Delhi Capitals – ₹367 Crores
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DC was the franchise with the highest revenue
Leading the charts, the Delhi Capitals became the most profitable IPL team with earnings of ₹367 crores in FY 2022-23.
Their bold strategies in marketing and cricket, combined with a commitment to developing young talent, have led to significant financial success and a strong competitive position in the league.
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