Goa, Nov. 10 -- The Indian Premier League (IPL) is reportedly preparing for its largest structural overhaul since 2022, eyeing an expansion from 10 to 12 franchises starting with the 2028 season. According to reports from Mint, Pune and Vadodara have surfaced as front-runners to host the new franchises, though discussions remain in early stages. Timing the expansion with the upcoming 2028-2032 media rights cycle, the Board of Control for Cricket in India (BCCI) anticipates each new franchise commanding a valuation exceeding $1 billion, fueled by unprecedented interest from global private equity firms.

Soaring Franchise Valuations Fuel Investor Interest

The optimism surrounding new franchise creation stems from recent landmark ownership ...