IPL franchises are among the most popular sports teams in the world. They are owned by private ownership groups, majorly comprising businessmen only. The Indian Premier League started in 2008 with eight franchises, and the number has gone up to 10 now.
The franchises aim to increase their brand value by playing good cricket, building a healthy relationship with fans and forming great partnerships with sponsors. In this article now, we will look at the top four most valuable IPL franchises in the year 2023 right now.
4. Royal Challengers Bangalore – $69.8 million
Royal Challengers Bangalore have not won any IPL trophies, but they have a fantastic fanbase, which helps them maintain a higher brand value than other teams. RCB reportedly have a brand value of $69.8 million in the year 2023. They also have Qatar Airways as their sponsor.
3. Kolkata Knight Riders – $78.6 million
Two-time IPL champions Kolkata Knight Riders own the third spot in this list. The Knight Riders have a brand value of $78.6 million. It is owned by Shah Rukh Khan and Juhi Chawla.
2. Chennai Super Kings – $81 million
Five-time IPL winners Chennai Super Kings are unsurprisingly present in the top two of this list. CSK have become one of the biggest brands in the world thanks to Thala MS Dhoni. Their brand value as of 2023 is $81 million.
1. Mumbai Indians – $87 million
Another five-time IPL champion team to feature on the list is Mumbai Indians. The Mumbai-based franchise, which is owned by Mukesh Ambani, has a brand value of $87 million. It is clearly the number one team when it comes to brand value in franchise cricket.
