Mumbai indians are the IPL team with the highest worth!!!
In a survey, brand valuation firm Brand Finance stated that following the 2023 season, the indian Premier League's (IPL) overall brand value increased by an astounding 28% to $10.7 billion (about ₹89,232 crore). Since its debut in 2008, the premier sporting event in india has seen a 433% increase in brand value. The analysis attributed this year's increase in the annual cricket tournament's brand value to large crowds in stadiums, increased internet and other media consumption of IPL events, and mega-media collaborations.
Mumbai indians, valued at $87 million, were determined by the consultant to be the most valuable franchise brand in the indian Premier League.
The second team on the list, the chennai Super Kings captained by mahendra singh dhoni, has a brand worth of $81 million. The next two teams, CSK at $78.6 million and RCB at $69.8 million, are kolkata Knight Riders (KKR) and RCB.
In terms of brand value, gujarat Titans has improved the most, moving up from eighth place to fifth this year. This year, its brand worth rose by 38%.
With every IPL season that goes by, rajasthan Royals (RR) and royal challengers Bangalore (RCB) demonstrate their strength as brands by continuously enhancing their image in cricket. According to the research, while RR is creating a worldwide t20 ecosystem and expanding its cricket offerings across several geographies, RCB is still the highly regarded squad that has never won an IPL trophy.
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