The IPL trophy isn’t merely a token of triumph, it embodies the colossal financial triumph of the tournament, have a look at the 2024 trophy price in rupees
Crafted with finesse, it’s a stunning blend of sterling silver and gold, towering at 26 inches and weighing around 6 kilograms.
IPL trophy price/cost in rupees, height, weight, design and 2024 winner prize money
The exact price tag of the IPL trophy remains undisclosed to the public eye. However, it is roughly estimated to range between Rs. 30 lakhs and Rs. 50 lakhs (approximately $40,000 to $70,000 USD).
Crafted by the esteemed jewelry brand Orra, renowned for its impeccable designs and skilled craftsmanship, the IPL trophy has been exclusively manufactured by Orra since 2008.
Defeated Pat Cummins thrice in this IPL. pic.twitter.com/YKpP875dNu
— R A T N I S H (@LoyalSachinFan) May 26, 2024
Meaning Behind IPL Trophy
The IPL trophy stands not only as a symbol of victory but also as a testament to the immense financial triumph of the tournament.
According to reports, the IPL ranks among the wealthiest cricket leagues globally, boasting a staggering brand worth exceeding $6.8 billion USD. With top-tier cricketers flocking to participate, the player auctions alone can command millions of dollars.
The IPL trophy serves as a vital marketing asset for the league. It symbolizes achievement and is bestowed upon the victorious team at the tournament’s conclusion, marking a pinnacle of pride and honor for players and team owners alike.
Beyond its symbolic value, the trophy becomes a tangible representation of success, often showcased prominently in the team’s trophy cabinet or the owner’s office, further enhancing the league’s prestige.
IPL Teams’ Salary Cap
Besides the price tag of the trophy itself, the IPL incurs various other expenses. Each team operates within a salary cap of Rs. 85 crores (approximately $11.5 million USD), encompassing player salaries, team management costs, and other expenditures.
Additionally, team owners are obligated to pay a franchise fee to the Board of Control for Cricket in India (BCCI), which fluctuates annually.
In essence, the cost of the IPL trophy mirrors the tournament’s substantial financial prosperity. It stands as a symbol of victory and prestige, serving as a crucial marketing asset for the league.
Though the precise cost of the trophy remains undisclosed to the public, estimations place it between Rs. 30 lakhs to Rs. 50 lakhs, positioning it among the cricket world’s most valuable trophies.
Prize Money for IPL 2024 Winner
Today, on May 26, the culmination of the IPL 2024 season will unveil the victor following the Kolkata Knight Riders (KKR) versus Sunrisers Hyderabad (SRH) final showdown.
The Board of Control for Cricket in India (BCCI) has disclosed the prize funds for the IPL 2024 champions, totaling Rs 46.5 crore.
Both Kolkata and Hyderabad have exhibited a spirited style of cricket, earning their berths in the IPL 2024 grand finale.
The triumphant team of the KKR vs. SRH final match today will seize a prize purse of Rs 20 crore. Meanwhile, the runner-up of the IPL 2024 will secure a substantial prize of Rs 13 crore.
ALSO READ: La Liga 2023-2024 winner and runner up prize money pool details