The new date is Jun 13, 2022.
The broadcast rights for the upcoming five-year cycle of the Indian premier league have been sold for $5 billion, making it one of the most valuable sporting entities in the world.
The sale of the national broadcast rights for the league has been valued at $5 billion.
The TV rights for each game are worth $7.37 million and the digital broadcast rights are worth $6.15 million.
The digital rights have reportedly been snatched up by a joint venture between Paramount and TV 18.
Forbes reached out to both the league and the media company.
The NFL's 11-year deal is believed to rake in an average of $36 million per game, making it the second largest sports league in the world after the NBA.
The league's organizers are yet to auction off two other packages, one of which includes supplementary digital rights for a set of around 18 marquee games, and another which covers the TV and digital rights.
The global rights for the previous five-year cycle of the Indian premier league were sold for over $2 billion. The rights were bought by Fox-owned Star which later became a part of Disney. In the past few years, Disney has promoted the Indian cricket team as a marquee property on its Disney+ streaming service. Amazon pulled out of the bidding process after showing initial interest.
Forbes reported earlier this year that the values of the 10 city-based franchises of the Indian Premier League are growing at a faster rate than any other team. When the league launched with eight teams, it had an average value of only 67 million dollars. The economic model that guarantees profitability for the teams was one of the reasons for the surge in valuation of the teams.
There is a sum of over one billion dollars. The Mumbai Indians are the most valuable team in the league. The Indians were more valuable than 27 NHL teams and every MLS team according to Forbes. According to a real-time tracker by Forbes, Mumbai Indians owner Mukesh Ambani is India's richest man and the sixth richest in the world with a net worth of almost $100 billion. A sports team is owned by the world's richest man.
This is a big deal. The India subcontinent TV rights were sold for over 2 billion dollars.
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