Cricket's Indian Premier League value surges to $18.5 bn: report

The world's richest cricket tournament has been a top revenue earner for the Board of Control for Cricket in India (BCCI) and in 2020 was estimated to generate more than $11 billion a year for the Indian economy. According to US investment bank Houlihan Lokey, which has valued several sports franchises around the world, the brand value of the 10-team T20 franchise tournament has seen a sharp rise of 13.8 percent to $3.9 billion over the past year. Bengaluru, who along with star player Virat Kohli won their first IPL title this year...