IPL attains Decacorn status with a valuation of $10.9 billion

The Indian Premier League (IPL), the world's richest and most-watched T20 cricket league, has achieved Decacorn status after a successful 14th season. The IPL's valuation has reached $10.9 billion, according to a report by Duff & Phelps. This is a significant jump from last year's valuation of $6.8 billion. The league has seen tremendous growth since its inception in 2008, thanks to its popularity among fans, lucrative sponsorships, and broadcasting deals.

The IPL is owned by the Board of Control for Cricket in India (BCCI) and has become a major source of revenue for the Indian cricket board. In 2020, the league's revenue was estimated at INR 4,000 crore ($534 million), despite being held in the UAE due to the COVID-19 pandemic. The league's success has also paved the way for the development of cricket infrastructure in India, providing better facilities and training for budding cricketers.

The IPL has also played a vital role in promoting the sport globally and has attracted a large number of foreign players to participate in the league. The league has given a platform to many young Indian cricketers to showcase their skills and earn big contracts