The Indian Premier League (IPL) began with a lot of razmataz in 2008. It involved the greatest active cricketers from around the world to play a two-month-long T20 league in India. It accompanied some Bollywood stars and businessmen owning franchises and the players being auctioned off. It saw considerable capital coming to BCCI and India.
IPL Prize Money of all Season
|Season ||Winner (INR Cr)||Runners-up (INR Cr)||3rd Place (INR Cr)||4th Place (INR Cr)|
*Last updated on 25 Aug 2020
Twelve seasons later, it has become the richest T20 league in the world by a fair margin. Thus, it also offers higher prize money than any other T20 league around the globe. In 2019, IPL prize money was distributed as follows - 20 crores for the winning team, 12.5 crores for the runners-up, followed by the third and fourth-placed teams receiving 8.75 crores each. Such high numbers were possible because of the high numbers it got from the broadcasting rights and various other sponsorships.
Click here to know the IPL 2020 most runs scorer.
Sports has taken a global hit in 2020 because of the novel Coronavirus pandemic. Many of the premier sports tournaments had to be called off or postponed as it was not possible to gather people around. With India being one of the majorly hit countries, the IPL 2020 was in danger of being called off. However, the BCCI has managed to get a full-fledged season in UAE, but with no crowds in the stadiums.
This situation has affected the revenue and thus IPL prize money 2020 has also suffered damage. The franchises will not be earning as much as they would’ve if the Coronavirus would not have happened, but something is better than nothing.
For the 13th edition, the IPL 2020 prize money has been reduced to half. The IPL winners will be getting 10 crores, runners-up will be getting 6.25 crores, and the third and fourth-ranked teams will earn 4.375 crores each.