Market Trends of India Sports Team And Clubs Industry
Cricket Leading Sports Team and Club Market In India
Among the global comparisons, the Board of Cricket Control of India (BCCI) exists as the largest revenue-generating cricket council globally with revenue existing at USD 405 Million last year. Over the years cricket clubs in India have observed a significant rise in India with the expanding market of the Indian Premier League globally with a total of 10 teams currently.
Currently, India Ranks 1 in the global men's test countries worldwide with a rating of 121, resulting in a significant increase in funding and promotion by the government as well as the private sector, resulting in a total of 53 International cricket venues in India which is the largest globally.
Increase In Advertisement Revenue Driving Sports Team And Club Market
India's digital Ads revenue had observed a significant rise over the years rising to a level of USD 500 Billion last year with this media spending in Sports observed a continuous increase reaching USD 60 Billion last year. All India Football Federation out of its total revenue generated 61% of its revenue through marketing rights.
With a continuous rise in sports revenue in India, the generation of revenue through advertisement is also observing a significant increase. Last year Sports events in India generated total revenue of USD 0.9 Billion. Recently held IPL witnessed significant growth in advertising revenue of INR 10,120 crore of this, the Board of Control for Cricket in India (BCCI), franchise owners, and broadcasters directly earned 65%, while the remaining was earned indirectly.
