The Indian Premier League (IPL), a powerhouse in the cricketing world, appears to be facing challenges as its valuation has dropped for the second year in a row. The 2025 IPL-WPL Valuation Report by D&P Advisory, titled "Beyond 22 Yards: The Power of Platforms, The Price of Regulation", reveals that the IPL's valuation has decreased to Rs 76,100 crore ($8.8 billion) in 2025, down from Rs 82,700 crore ($9.9 billion) in 2024.

This decline marks a total reduction of Rs 16,400 crore over the past two years. In 2023, the valuation stood at Rs 92,500 crore ($11.2 billion), and the latest findings indicate a significant shift in the economic landscape of Indian cricket.

D&P Advisory has pinpointed two major structural changes contributing to this downturn. The first is the merger of Disney Star

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