Bollywood actress Preity Zinta is the co-owner of Punjab Kings. He has been with the team since the first season of the league. Preity Zinta wrote on Twitter about the media rights auction, “Waiting for the BCCI to announce the new IPL media rights. What an incredible sports property IPL has become! It employs thousands and entertains billions around the world. It dwarfs all other sports leagues with its incredible growth and is completely Made in India.
Shares from Franchisee
The BCCI shares the money coming from the media rights with the franchises. The BCCI itself keeps 50 percent of the earnings from media rights. In the remaining 50 percent, all the franchisees are divided equally. In 2008, the board sold media titles for Rs 8,200 crore for 10 years. The board had received 16,347.50 crore for the season between 2018 and 2022.
official announcement yet
Till now there is no official statement from BCCI regarding media rights. But if reports are to be believed, Disney has bought TV rides of the Indian subcontinent for Rs 23575 crore. Whereas the digital rights have gone to Viacom18 for Rs 20,500 crore. Auction is going on for Group C and D right now. Only after the completion of all these, the official announcement will be made by the board.