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Lalit Modi has discussed RCB’s soaring IPL 2025 value, Bengaluru’s popularity and why team owners shouldn’t sell for less than two billion dollars.
Lalit Modi founded the Indian Premier League in 2008 (Picture credit: AFP)
Founder of the Indian Premier League, Lalit Modi, has said that although it was unfortunate what happened in Bengaluru after RCB won IPL 2025, the team owners would be stupid to sell it for anything less than two billion dollars due to the sheer popularity of the team as well as the tournament across the country.
Ahead of the first season of IPL, Bengaluru was acquired for a whopping $111.6 million and was the second-most expensive team to be sold, placed just behind the Mumbai Indians.
Modi remarked that in case Bengaluru are trying to sell the team, they shouldn’t entertain any bid that doesn’t meet the $2 million valuation.
“We (IPL) are only 18 years old. We have just started the fan following, we have just started the frenzy. It was unfortunate what happened with the stampede in Karnataka after RCB won,” Modi said while speaking to Michael Clarke on the Beyond23 podcast.
“If RCB does want to sell, they would be stupid to sell it for less than 2 billion dollars. If it is next year, then 2.5 billion and if two years later, it would be 3 billion, and if it is four years later, then four billion dollars. Take it in writing from me,” Modi said.
Modi, often known as the brains behind the Indian Premier League, ran the show for the first set of seasons before his bizarre exit.
“I miss it. I think of it and nobody lets me forget it. I watch every match. In life, nothing is permanent. I am a part of it and that can never be taken away. In life, you have got to carry on and let others carry on,” Modi said.
“Too much jealousy was created. We have a crab mentality in India; they pull you down. My family was in danger, I was in danger,” Modi added.
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