New Delhi, April 28 -- Punjab Kings have played in every IPL season since the league started in 2008. They have never won the title, not once. Last year, they reached the final again, only to leave with heartbreak against the RCB.

Yet, the franchise is worth more than Rs.1,195 crore as of 2025. That number grew by nearly 40% in a single year. How does a team that has never lifted the trophy keep getting more valuable? The answer lies in the IPL structure.

Every IPL team receives a share of the BCCI's central broadcasting revenue. The current media rights cycle is worth Rs.48,390 crore over five years. Half of that goes to the BCCI. The other half is divided equally among all ten franchises.

That works out to approximately Rs.484 crore ...