In FY24, Mumbai Indians earned INR 109 crore in profit. In FY24, it brought in INR 737 crore, more than twice as much as it did in FY23. It is owned by Indiawin Sports Private Limited.
With a sales of INR 358.79 crore in FY23, the franchise experienced a loss of INR 49.5 crore. Of which, the central media rights held by BCCI brought in INR 227 crore. Remarkably, the governing body inked a lucrative contract for digital rights with Viacom18 and a large one for broadcast rights with Disney Star. Mumbai made a substantial amount of money during that time because a big percentage of these deals go directly to all the franchises.
Despite turning a profit in India, the brand is having trouble abroad. They control the teams Mumbai Indians Cape Town in South Africa, MI Emirates in ILT20, and MI New York in MLC.
However, in FY24, none of the teams turned a profit? According to Livemint, the Emirates team posted a net loss of roughly INR 45.3 and a gross revenue of INR 32.6 crore, compared to the New York team’s INR 38.6 crore and INR 21.97 crore.
In the IPL, MI was the most valuable team in the competition. According to a recent appraisal by American investment bank Houlihan Lokey, the Mukesh Ambani-led Reliance Group paid as much as $111.9 million on it to gain the rights. Their sales reached $16.4 billion (roughly INR 1.35 trillion) this season, representing a 6.5% rise from 2023.
Significantly, the IPL’s valuation increased to $3.4 billion in 2024 from 6.3% the year before. In 2022, its value was $1.8 billion, and in 2023, it was $3.2 billion.
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In 2024, Mumbai’s valuation is projected to be $204 million. The captaincy dispute did have an impact; otherwise, the number might have been greater. Rohit Sharma, Hardik Pandya, Suryakumar Yadav, and Jasprit Bumrah were all present, and their presence was crucial.
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