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IPL media rights price will not drop: IPL Chairman Brijesh Patel

The Indian Premier League’s media rights are up for renewal for the cycle 2023-2027. The top management of the Board of Control for Cricket in India and the IPL would have hoped for a skyrocketing sale of the Indian Premier League with the new 10-team format, but it turns out that things are not looking good so far.

The current rights are held by Star Sports Network, who bought the rights for the ongoing cycle at Rs 16,347.5 crore have seen a massive dip in the viewership in the premier T20 tournament in the world, with sources quoting a loss of 30-40 per cent in the current season.

Patel attributed the drop in viewership to the removal of the Covid-19 restrictions across the country stating that people might be watching the games in restaurants and pubs.

“Things have opened up and people are travelling compared to what we faced in the past two years. We also believe a lot of people are now watching the games at restaurants, pubs and clubs. What we see is one connection and hundreds of people watching,” Patel said.

Pranchal Srivastava