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Mumbai Indians Make INR 109 Crore: Mumbai Indians, owned by Indiawin Sports Private Limited, earned a profit of INR 109 crore in FY24, with revenue tripling to INR 737 crore from the previous year. Compared to FY23, when the team made INR 358.79 crore but lost INR 49.5 crore, this is a huge improvement. They made INR 227 crore, or a significant amount of money, from BCCI’s central media rights agreements with Viacom18 and Disney Star.
Internationally, the Mumbai Indians are having difficulty despite their success at home. Their teams, MI New York in MLC, MI Cape Town in South Africa, and MI Emirates in ILT20, all lost money in FY24. While MI Emirates recorded a net loss of around INR 45.3 crore and a gross revenue of INR 32.6 crore, MI New York reported a gross revenue of INR 38.6 crore but a net loss of INR 21.97 crore.
Mumbai Indians are still the most valuable franchise in the IPL. The $111.9 million investment made by the Mukesh Ambani-led Reliance Group has paid off, as the team is now valued at $16.4 billion this season—a 6.5% rise from 2023. In 2024, the IPL’s total valuation increased to $3.4 billion, a 6.3% increase.
How Did Mumbai Indians Make INR 109 Crore?
Mumbai Indians making 109 crores should be no surprise given how big the franchise is. Let’s take a closer look at how they made their money.
Central Media Rights: A significant portion of their revenue, INR 227 crore, came from the BCCI’s central media rights deals with Disney Star and Viacom18. These lucrative deals provided a substantial financial boost to all IPL franchises.
Increased Revenue: The franchise’s overall revenue more than doubled from INR 358.79 crore in FY23 to INR 737 crore in FY24. This dramatic increase was crucial in turning their financial fortunes around.
Sponsorships and Ticket Sales: Mumbai Indians also benefited from strong sponsorship deals and event management revenue, which includes ticket sales. These streams contributed significantly to their financial success.
FAQs
- How much profit did Mumbai Indians make in FY24?
- Mumbai Indians made a profit of INR 109 crore in FY24.
- What was the revenue of Mumbai Indians in FY24 compared to FY23?
- In FY24, Mumbai Indians earned INR 737 crore, doubling their revenue from INR 358.79 crore in FY23.
- How did Mumbai Indians perform financially on the international front?
- Internationally, Mumbai Indians struggled, with MI New York and MI Emirates both reporting net losses in FY24.
- What is the current valuation of Mumbai Indians?
- As of 2024, Mumbai Indians are valued at $204 million.
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