· IPL’s business value hits all-time high of US$5.3 billion, according to latest report by Brand Finance
· Chennai Super Kings crowned most valuable IPL brand, valued at US$65 million
· 2017’s most valuable IPL franchise brand Kolkata Knight Riders drop to second place with US$62 million brand value
· Growing faster than any other IPL franchise brand, Sunrisers Hyderabad retain third place in rankings with 16% brand value increase to US$54 million
The latest season of the Indian Premier League, a 48-day annual cricket tournament that showcases top international talent, has seen its business value grow by 37% to an all-time high of US$5.3 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation and strategy consultancy.
Surpassing a US$5 billion mark for the first time, the IPL is a boon for the Indian sports business. Its commercial growth can be attributed to the stakeholders’ renewed confidence in the IPL management, a number of innovations in fan experience, and pure cricketing excellence, all driving up the overall interest and participation in the tournament.
Savio D’Souza, Director of Brand Finance, commented:
“Now in its 11th season, the Indian Premier League is here to stay. It has delivered financially for the players, franchisees, sponsors, and India as a whole, prompting a strong desire amongst a range of stakeholders to appropriately value it. To ensure continued development, management and team owners will have to explore innovative ways of engaging fans, clubs, and sponsors.”
Brand Finance has calculated the brand value of the Indian Premier League (IPL) and each of its teams annually since 2009. For the purposes of the valuation, the IPL has been treated as a single commercial entity, encompassing business values of all its parts. The income that the Board of Control for Cricket in India (BCCI) and the franchises will achieve and the expenditure that each will incur was aggregated. All cross-charged income and expenditure has been ignored. In addition, the Brand Finance IPL 2018 report ranks the most valuable IPL franchise brands. This year, Chennai Super Kings and Rajasthan Royals returned to the rankings after being banned from competition for both the 2016 and 2017 seasons.
Chennai Super Kings crowned most valuable IPL brand
With a brand value of US$65 million and winning the 2018 season title, Chennai Super Kings (CSK) have been ranked as the most valuable IPL franchise brand. This year, CSK top the Brand Finance IPL league table for the third time, after previously leading the rankings in 2010 and 2013. Despite a mid-season change of home ground, CSK managed to qualify for the playoff rounds yet again. Their brand value has been boosted by creating a fan-base beyond Chennai, despite being forced to endure a two-year ban from the league.
Kolkata Knight Riders slip to second
Last year’s most valuable brand, Kolkata Knight Riders (KKR) come second in the Brand Finance IPL 2018 ranking, with a brand value of US$62 million, up 5% from 2017. KKR lived up to its potential through the season, delivering on a bold strategy to include the highest number of players from India’s Under-19 World Cup winning team. KKR’s brand was boosted by stable governance standards and a huge fan-base mobilised by its owner, Bollywood star Shah Rukh Khan. KKR’s host of local and national sponsorships has shown loyalty over the years, while fans filled their stadium through the season. The solid leadership provided by Dinesh Karthik as captain, Sunil Narain and Andre Russell from the West Indies, and Australian Chris Lynn kept the KKR one of the most feared teams.
Fastest-growing Sunrisers Hyderabad retain third place
Growing faster than any other IPL franchise brand, Sunrisers Hyderabad (up 16% to US$54 million) retained third place in the rankings. In 2018, SRH saw their brand value increase despite losing their captain, David Warner, in the aftermath of the Australian ball-tampering scandal. New Zealand’s Kane Williamson led the team with such aplomb that the absence of David Warner was not felt. Williamson was also the highest run scorer in the IPL 2018 season, and led the team into the finals, where they lost to CSK. SRH boasted one of the best bowling attacks in 2018 with the Afghan star Rashid Khan leading the damage alongside Indian swing bowler Bhuvaneshwar Kumar. After a change of hands in the recent past, SRH now have stable management, new recruits, and a support team, which should be useful building blocks to challenge CSK next year.
Note to Editors
Every year, leading valuation and strategy consultancy Brand Finance values the world’s biggest brands. The most valuable IPL brands are included in the Brand Finance IPL 2018 league table.
Brand value is equal to a net economic benefit that a brand owner would achieve by licensing the brand. Brand strength is used to determine what proportion of a business’s revenue is contributed by the brand.
Additional insights, more information about the methodology as well as definitions of key terms are available in the Brand Finance IPL 2018 report.
Data compiled for the Brand Finance league tables and reports are provided for the benefit of the media and are not to be used for any commercial or technical purpose without written permission from Brand Finance.