BCCI to earn a staggering INR 1500 crore after Rajasthan Royals and RCB's record acquisition; here's why

RR was bought for USD 1.63 billion, while RCB went for USD 1.78 billion, making the total two-team price USD 3.4 billion (roughly 31,000 crore). Rajasthan Royals and RCB are the only two IPL teams to be worth more than USD 1 billion.

After these two franchises were sold for such a massive amount, the BCCI are set to make an estimated INR 1,550 crore to INR 1,583 crore. This amount would be added to the Indian board's account due to a 5 per cent transfer fee on both sales.

The exact amount the BCCI would make from Rajasthan's sale is not known, as it is speculated that teams like Paarl Royals of SA20 and Barbados Royals in CPL have also been included in the deal.

Previously, the Rajasthan Royals were owned by Emerging Media Ventures, led by British Indian businessman Manoj Badale. On the other hand, a consortium of four groups signed a definitive agreement with United Spirits Limited (USL), a subsidiary of UK-Diageo plc, to acquire a 100 per cent stake in RCB.

The tournament final is scheduled for May 31. However, the playoff venues have yet to be announced.

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