Mumbai Indians lead as every IPL team crosses $1.5 billion valuation

Mumbai Indians (MI) have emerged as the Indian Premier League’s (IPL) most valuable franchise, with an enterprise valuation of $2.1 billion, according to Sportico. Notably, the average IPL team is now worth $1.7 billion, while every franchise has crossed the $1.5 billion mark. The IPL has grown from an eight-team competition into a major global sports property since its launch in 2008. The original franchises were sold for a combined $724 million, with bids ranging from $67 million for Rajasthan...