Yes, there is no need to be surprised. According to a Pakistani news report, Pakistan’s defense budget in 2024 was 7.64 billion US dollars i.e. 2,122 billion Pakistani rupees. If it is converted into Indian Rupee then it is Rs 6497 crore. This means that the revenue of 10 Indian Cricket League teams is more than the defense budget of Pakistan, the cost of which can be doubled every year.
This is how BCCI became cricket king, IPL became money league
According to a report by Javed Farooqui published in The Economic Times, a sister newspaper of Navbharat Times, experts attributed this surge to the increasing popularity of the league, which has happened due to smart media deals and attractive sponsorship deals. A record media rights deal worth Rs 48,390 crore was signed in 2022 between the Board of Control for Cricket in India (BCCI), Disney Star and Viacom 18, which has now together become JioStar. Apart from broadcast revenue, BCCI earned over ₹4,000 crore from multi-year sponsorship deals with major brands including Tata Group, My11Circle, Ceat and AngelOne.
The price of IPL is increasing ‘double the day, quadruple the night’
According to a recent report by Brand Finance, the brand value of IPL is set to increase by 13% to $12 billion in 2024 compared to 2023 (Pakistan’s defense budget of $7.64 billion is next to it), from its $2 billion in 2009. More than rated. Notably, four franchises – Chennai Super Kings (CSK), Mumbai Indians (MI), Royal Challengers Bangalore (RCB), and Kolkata Knight Riders (KKR) have crossed the $100 million mark in brand value.
Pakistan is eyeing Champions Trophy 2025
It is important to mention here that Pakistan’s income from cricket is dependent on India. A major part of ICC’s earnings comes from India. Despite this, he is not desisting from unsuccessful attempts and drama to impose various conditions despite India’s refusal to go to Pakistan for the ICC Champions Trophy. However, if reports are to be believed, ICC has decided that the tournament will be played in a hybrid model. India’s one line condition is that Pakistan should be punished for terrorist activities taking place from its territory on the border.