IPL team owners may sell stake as valuations rise post mega auction

Analysts predict team valuations to touch Rs 7,500 cr to 9,000 cr given improved economics

As the valuations of Indian Premier Team league teams rise post Rs 48,400 crore earned by BCCI (Board of Control for Cricket in India) by selling media rights for IPL for next five years, the team owners are looking at the option of raising funds by selling part of their stake in the companies. Listed companies such as Reliance Industries, United Spirits, Sun TV, India Cements own IPL teams and analysts are predicting that the teams’ net profit would increase to Rs 270 crore to Rs 300 crore from the present Rs 100 to Rs 125 crore, thus leading to higher valuations,