Indian Premier League (IPL 2023) :-The excitement around IPL 2023 has already started gaining popularity. Two new teams were included in IPL 2023, and the total number of matches will also be increased, thereby significantly increasing the revenue associated with the IPL. In IPL 2023, teams are going to get more prize money than ever before.
Today’s article has tried to give you the information about which company sponsors IPL Cricket Tournament, how much they pay for it, how much is the prize money, how the team players are bought etc.
One of the largest business groups in India is the TATA Group. From this year TATA Company will become the title sponsor of INDIAN PREMIIER LEAGUE. It will replace the Chinese mobile manufacturer VIVO.
The sponsorship is structured in such a way that the BCCI receives fifty percent of the proceeds, while the remaining funds are distributed to the IPL franchises, which have added two new teams this season. Now there are total 10 teams in IPL 2023.
How is the IPL prize money distributed ?
The following rules govern how teams and players share the IPL prize money:
- The winning team gets 50% of the total prize money
- Runners-up receive 25% of the total prize money
- The third and fourth placed teams receive 15% and 10% of the total prize money respectively.
The winning team’s players and support staff receive prize money, which is divided among them according to their contractual agreement with the team.
Given Below Is The IPL 2023 Prize Money
IPL 2023 Awards and Prize Money are given below.
IPL2023 Prize Money
| Awards | Amount(estimated) |
| Champion | Rs.20,00,00,000/- |
| Runners up | Rs.13,00,00,000/- |
| Super Striker of the season | Rs.15,00,000/- |
| Most Valuable Player | Rs.12,00,000/- |
| Losing Qualifiers (4th) | Rs.6,50,00,000/- |
| Orange cap winner | Rs.15,00,000/- |
| Purple Cap winner | Rs.15,00,000/- |
| Emerging player | Rs.20,00,000/- |
| Losing Qualifiers(3rd) | Rs.6,50,00,000/- |
| Game changer of the season | Rs.12,00,000/- |
| Crack it sixes of the season | Rs.12,00,000/- |
| Power player of the season | Rs.12,00,000/- |
IPL is being played consistently in India. The IPL’s official information can be found below.
| Central Office | BCCI-IPL 4th Floor, Cricket Centre. Wankhede Stadium ‘D’ Road, |
| Churchgate Mumbai | 400020 India |
| IPL Chairmen | Arunsingh Dhumal |
| Tel | +91 22 22800300 +91 22 61580300 |
| Fax | +91 22 22800354 |
| Website | https://www.iplt20.com/ |
FAQ’s of IPL2023
Which is the IPL 2023 Title Sponsor Company?
IPL 2023 Title Sponsor Company is TATA Grops.
Who is the chairman of IPL?
The Chairman of IPL is Arunsingh Dhumal.
How many teams have participated in IPL 2023?
10 teams have participated in IPL-2023.
How much is Kohli paid for IPL 2023?
15 crore rupees.
What is the prize money for Tata IPL winner?
20 Lakhs Rs.