The Indian Premier League (IPL) has once again redefined the economics of global sport with a record-breaking valuation in 2025. According to a comprehensive valuation study by Houlihan Lokey, the business value of the IPL surged by 16.1% in INR terms, reaching a staggering ₹1,56,568 crore (US$18.5 billion), compared to ₹1.34 lakh crore in 2024.
The world's richest cricket league's standalone brand value also witnessed a 16.1% rise, growing to ₹32,721 crore (US$3.9 billion), highlighting IPL's expanding commercial footprint, unmatched fan engagement, and increasing digital monetisation.

Driving this growth were blockbuster sponsorship and media deals. The BCCI's sale of four associate sponsor slots to My11Circle, Angel One, RuPay, and CEAT - raked in ₹1,485 crore, marking a 25% increase over the previous cycle.
Additionally, the IPL extended its title sponsorship with the Tata Group in a five-year deal worth ₹2,500 crore (US$300 million), securing one of the most lucrative brand partnerships in global cricket. The 2025 mega auction also added to the frenzy, with franchises spending ₹639.15 crore (US$76 million) on 182 players, including marquee bids for Rishabh Pant (₹27 crore) and Shreyas Iyer (₹26.75 crore).
Among franchises, Royal Challengers Bengaluru (RCB) emerged as the most valuable team in the league for the first time, valued at ₹2,259 crore (US$269 million). Their historic maiden IPL title, coupled with a powerful brand narrative and digital-first fan engagement, propelled them past traditional giants. Mumbai Indians (MI) claimed the second spot with a valuation of ₹2,032 crore (US$242 million), while Chennai Super Kings (CSK), impacted by a mixed season, slipped to third at ₹1,972 crore (US$235 million).
The biggest leap in brand valuation came from Punjab Kings (PBKS), who recorded a phenomenal 39.6% year-on-year growth, reaching ₹1,195 crore (US$141 million). This sharp rise was fueled by their runner-up finish in IPL 2025, a fresh leadership strategy, and a deep-rooted branding approach led by new captain Shreyas Iyer and head coach Ricky Ponting.
PBKS CEO Satish Menon credited this transformation to a long-term vision that viewed IPL as more than just a cricket tournament.
"From day one, we saw IPL as more than a cricket league-it was a scalable business model with high visibility, secure revenue streams, and strong brand-building potential. It was a heady mix of sports and entertainment, which eventually had the potential to deliver huge audiences and revenues," Menon said. "There was never a doubt that this product will not hit the scale of some of the big sports leagues worldwide."
One of the most successful branding campaigns of the season was the positioning of Shreyas Iyer as "Sarpanch Saab"- a title that resonated strongly with fans in Punjab and across India.
"We wanted to humanise the sport. 'Sarpanch' is a Punjabi term used for the head of a village. As a leader of our team, we wanted to project Shreyas in a similar manner... with this identity not just reflecting his position in the team but also adding a sense of respect and cultural connect with the fans," Menon explained. "Now, everywhere Shreyas goes, he is lovingly called Sarpanch Saab, and that reflects the organic success of our campaign."
Menon also emphasised the importance of clarity in leadership and execution, praising Ponting's role in aligning with management on the team's long-term direction. "The first major factor was bringing in our head coach, Ricky Ponting... We literally took the bull by the horns and made a jointly formulated plan. Ricky clearly understood the gaps, and it took months of hard work before we had the formula in place," he added further.
| Rank | Franchise | Brand Valuation (₹ Crore) | Brand Valuation (US$ Million) | YoY Growth (%) |
|---|---|---|---|---|
| 1 | Royal Challengers Bengaluru (RCB) | 2,259 | 269 | 18.5% |
| 2 | Mumbai Indians (MI) | 2,032 | 242 | 18.6% |
| 3 | Chennai Super Kings (CSK) | 1,972 | 235 | 11.6% |
| 4 | Kolkata Knight Riders (KKR) | 1,905 | 227 | 19.2% |
| 5 | Sunrisers Hyderabad (SRH) | 1,291 | 154 | 19.4% |
| 6 | Delhi Capitals (DC) | 1,259 | 150 | 14.5% |
| 7 | Rajasthan Royals (RR) | 1,230 | 147 | 16.0% |
| 8 | Gujarat Titans (GT) | 1,214 | 145 | 14.4% |
| 9 | Punjab Kings (PBKS) | 1,195 | 141 | 39.6% |
| 10 | Lucknow Super Giants (LSG) | 1,076 | 128 | 13.0% |
The IPL 2025 final also set new digital benchmarks, garnering 67.8 crore views on JioCinema, surpassing even the India-Pakistan Champions Trophy clash this year. Commenting on the league's rapid commercial ascent, Harsh Talikoti stated: "The IPL continues to set benchmarks in sports business. Franchise valuations have soared, media rights deals have reached record highs, and brand partnerships have diversified across sectors."