Mumbai, Aug 9 (CNMSPORTS) - The fifth edition of Duff and Phelps annual study of the Indian Premier League (IPL) suggested an increase in the overall value of the league's ecosystem from $5.3 billion in 2017 to $6.3 billion in 2018.
The hike was supported by the broadcasting rights fee surging at a compounded annual growth rate (CAGR) of 18.9 per cent, it was announced on Wednesday.
Duff & Phelps is the global advisor that protects, restores and maximises value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues.
The Mumbai Indians, with a brand value of $113.0 million, continue to top the charts for the third season in a row.
Kolkata Knight Riders (KKR) are in second place with a brand value of $104.0 million.