Do you know what happens with the money which is generated in IPL: Read here

BCCI General Secretary Jay Shah has said the board spends the revenue generated from IPL in improving the grassroots infrastructure and domestic cricket. The IPL has grow into a massive source of revenue for the Indian cricket board since its inception in 2008 with the league now expanding from eight to 10 teams from the upcoming season onwards.

“At BCCI, the growth of the game is of paramount importance and our entire focus will be on making cricket better, making the lives of cricketers better and building better infrastructure for everyone to play the beautiful game. The revenue generated from the IPL goes back into the game to firm up our grassroots infrastructure and domestic cricket,” Shah was quoted as saying by The Times of India on Wednesday.

In the coming days, the media rights for the IPL will go on sale with BCCI expecting a windfall for the 2023-27 cycle.

“Doing our best to acquire the justified value that a brand like IPL warrants is definitely on top of my mind. At the same time, we will also maintain complete transparency and that is one of the reasons why the media rights will be awarded through an e-auction,” Shah said.

“We are in the closing stages of our discussions to finalise the dates to float the tender and we will come out with the ITT over the next few days. As per the standard guidelines, we will complete the process within 45-60 days once the tender is released,” he added.

Shah also spoke on the challenges the board had to overcome for successfully conducting IPL amidst the covid pandemic.