HomeCricket NewsHere’s the difference between the prize money of PSL 2022 and IPL...

Here’s the difference between the prize money of PSL 2022 and IPL 2022

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Key Highlights

  • IPL is 5 times the size of PSL when it comes to price money or revenue.
  • HBL, which sponsors the Pakistan Super League, has seen an increase of up to 71% in profits this year which is outstanding.

When it comes to debating about being bigger and mightier in the T20 league, there is undoubtedly only one king here and that is the Indian Premier League. According to the top analyst, they say that the Indian Premier League pips the Pakistani side by flying colors.

You’ll be surprised to know that the Indian Premier League is 5x more in size and the prize money offered. Recently when we see at the concluded PSL that took place this year, you’ll find out that the price money offered to the winning team in the Pakistan Super League was 80 million which when compared to the Indian Premier League side, the winning price money for the team is 20 Crores which indeed is approximately near to 5 times.

Lahore Qalandars were this year’s champions of the Pakistan Super League who played against the defending champions Multan Sultans.

Ramiz Raza is the chief of the Pakistan Cricket Board and in a recent interview confirmed that PSL picked up this year tremendously in terms of revenue. He said,

“There is no doubt that the HBL Pakistan Super League 7 has been a phenomenal success and this is largely due to the fact that we had amazing crowds, both in Karachi and Lahore. In my professional career, I have never seen such charged up, overwhelming, enthusiastic, lively, and supportive crowds, particularly in Lahore”

Further adding he said,

“HBL PSL 7 profits jumped to 71 percent, the most in its history, with each franchise earning around PKR 900 million, again the most in HBL PSL’s history, and all before the first ball was even bowled. For next year, we aspire to take this league to the homes of all franchises and broaden its fan reach”

International players have also spoken out about which league is better. Meanwhile, prize money is a major issue in franchise competitions. While prominent overseas players are in both leagues, there’s a huge gap in prize money in the IPL over the PSL. While Lahore Qalandars have received PKR 80 million (INR 3.40 crore approx) for winning PSL 2022, the winner of IPL 2022 will get a whopping INR 20 crore

Honestly, there is no doubt the PSL has soared a little in terms of revenue in recent times but there is still a long way for the league to go, in order to catch up with the giant IPL.

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