(Photo: Manoj Badale, part owner of the Rajasthan Royals cricket team. Courtesy British Asian Trust.)
By Cherian Samuel
Most Indian cricket pundits predict valuations of Indian league teams will keep rising, with some forecasting they will exceed $5 billion by 2035. In contrast, a report from D&P Advisory, a valuation consultancy based in Bengaluru, says the Indian men’s league is “grappling with maturity and recalibration.” This is in part because the consolidation of TV platforms in India “has transformed the media rights ecosystem, altering the balance of competition and value creation.”
Is there any significance, for the future valuation of Indian league cricket teams, when an investor like Manoj Badale, with a good track record, is selling his stake in the Rajasthan Royals?
Cherian Samuel, a writer based in Washington DC, retired from the World Bank. He earned a PhD in Economics from the University of Maryland.
