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IPL's business value soars above $20 billion, says report

  • On Wednesday, investment bank Houlihan Lokey reported the Indian Premier League's business value climbed 11.4% to $20.6 billion, marking a second consecutive year of double-digit growth for the world's richest Twenty20 cricket series.
  • Two major ownership deals reset franchise pricing across the league, with Royal Challengers Bengaluru sold for $1.78 billion to a consortium including Blackstone and Bolt Ventures, and Rajasthan Royals sold for $1.65 billion to the Mittal family and Adar Poonawalla.
  • Royal Challengers Bengaluru topped league rankings with a brand value of $312 million, becoming the first cricket team to breach the $300 million milestone on the strength of back-to-back IPL and Women's Premier League titles.
  • Amid a structural shift in media consumption, JioStar reported the tournament reached 1.06 billion screens, with Connected TV reach surging 26% while linear television ratings declined 18.8% during the 2026 season.
  • Franchises are increasingly viewed as 'long-term sports and entertainment businesses,' Punjab Kings co-owner Ness Wadia noted, as Houlihan Lokey director Harsh Talikoti highlighted the league's commercial ecosystem continues to diversify through accelerated private capital participation.
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Royal Challengers Bangalore (RCB) has created history by becoming the world's first cricket team to be valued at over $300 million, achieving a brand value of $312 million (approximately ₹2,985 crore). Meanwhile, according to Houlihan Lokey's 2026 report, the IPL's business value has grown to $20.6 billion, making it one of the world's fastest-growing and most valuable sports leagues.

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Channel News Asia broke the news in Singapore, Singapore on Wednesday, July 29, 2026.
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