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Manoj Badale Speaks with Forbes On The Future Of The IPL And Cricket

August 2024

As the Cricket World Cup swept across the USA earlier this summer, Blenheim Chalcot’s co-founder, Manoj Badale was interviewed by leading sports journalist Mike Ozanian for Forbes, the US business magazine, to discuss the future of cricket.

You can watch the interview here.

Key takeaways:

The Indian Premier League (IPL) has had a transformative impact of on cricket in India. In particular, the IPL unleashed the economic potential of cricket, with its investor-friendly design and global reach. The league’s success is attributed to its innovative format, including the player auction and salary caps, which have ensured a level playing field and sustained investor interest.
The IPL marked a seismic shift in cricket’s ownership structure, moving from traditional country or governing body ownership to individual and celebrity ownership, inspired by the NFL’s model. This change has significantly contributed to the league’s success and global appeal.
The IPL has played a crucial role in making cricket a global sport, with its entertainment-focused approach attracting a diverse and inclusive audience. The league’s adoption of the T20 format has also contributed to its widespread popularity.
The value of IPL franchises is expected to continue rising, driven by India’s growing economy and the league’s expanding global footprint. The potential for further expansion and the adoption of new technologies and formats are also highlighted as areas for future growth.