Most-lucrative sports event
Despite mounting criticism against the Indian Premier League (IPL) and allegations of match-fixing in the cricket tournament, a report by KPMG and the Confederation of Indian Industry (CII) has said IPL is the most lucrative sporting event in India. According to the report, published on Tuesday, the event's prize money of $4.2 million is much more than the combined prize money of all other sports leagues in the country. World Series Hockey is at a distant second and Indian Badminton League third.
KPMG, however, said the IPL's total revenue of $140 million was a stark contrast to the huge revenues generated by many global sporting leagues, including the US' National Football league ($8.8 billion) and Major League Basketball ($6.8 billion).
Text: BS Reporter
Images Courtesy: PTI