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First day of IPL media rights bidding suggests global value will more than double

(Photo by INDRANIL MUKHERJEE/AFP via Getty Images)

The value of global media rights for the Indian Premier League is set to more than double in the new cycle, 2023 to 2027, according to media reports in India.

An auction for the rights, which began yesterday and has not yet finished, has so far only involved bidding for domestic rights, covering the Indian subcontinent.

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