According to Forbes, the Mumbai Indians have been named the most valuable IPL team in 2022.
The Mumbai franchise is worth $1.3 billion, while Chennai Super Kings is worth $1.15 billion.
Kolkata Knight Riders ($1.1 billion), Lucknow Super Giants ($1.075 billion), and Delhi Capitals ($1.035 billion) follow them, with Royal Challengers Bangalore ($1.025 billion), Rajasthan Royals ($1 billion), Sunrisers Hyderabad ($970 million), Punjab Kings ($925 million), and Gujarat Titans (Value: $850 million) rounding out the top five.
The Indian Premier League has been a gold mine for investors, 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 quoted Ajimon Francis, managing director at Brand Finance India, a brand valuation and strategy consultancy.