How Much Did Franchises Spend to Assemble Their Squads at The IPL Auction in 2023?

One of the world’s priciest cricket tournaments is the Indian Premier League (IPL). There are ten franchises competing for the title, and each one relies on a roster filled with international stars.

The auction for IPL 2023 took place on December 23rd, and the franchisees actively participated in the bidding process in order to get the finest players for their squad.

Franchises have disclosed their total spending, remaining budget, and roster size following the auction process.

The Chennai Super Kings (CSK), one of the best teams in the IPL, have spent Rs. 18.95 crores on their final roster of 25 players. The team’s remaining budget is only Rs. 1.50 crore. The franchise risked 16.25 crores of rupees for the all-rounder Ben Stokes.

Royal Challengers Bangalore (RCB) also has a full roster of 25 players. After losing Rs. 7 cr. in the auctions, RCB has Rs. 1.75 cr. The franchise made some hefty expenditures, like paying Rs. 3.2 crore for Will Jacks and Rs. 1.9 crore for Reece Topley.

The Delhi Capitals (DC) have also made some wise investments, including the acquisition of Mukesh Kumar for Rs. 5.5 crores and the signing of Rilee Rossouw for Rs. 4.6 crore. DC spent a total of Rs. 15 cr. on the auction, leaving the franchise with a bare Rs. 4.45 cr. The roster for DC is similarly at 25 players strong.

Gujarat Titans (GT), the defending IPL 2022 winners, have diversified their spending by acquiring pacer Shivam Mavi for Rs. 6 crores and batsman Kane Williamson for Rs. 2 crore. The team spent a total of Rs. 14.8 crores at the auctions to assemble its 25-man roster. They are now down to Rs. 4.45 crore.

One of the few clubs that have an incomplete lineup after the auctions, Kolkata Knight Riders (KKR) now has only 21 players. After dropping Rs. 5.4 crore at the auction, the franchise is down to Rs. 1.65 crores. Players like Shakib Al Hasan, who the club acquired for Rs. 1.5 crore, are key to the franchise’s hopes of turning its fortunes.

The Lucknow Super Giants (LSG) have invested Rs. 19.8 crores on their 25-man roster for their second season in the league. After spending money on players like Nicholas Pooran, the team is down to Rs. 3.55 crore (Rs. 16 crores).

Mumbai Indians (MI), a five-time IPL champion, has placed a Rs. 17.5 crores (about $2.8 million) wager on Cameron Green to help them recover from a dismal 2022 campaign. The group has spent nearly all of its budget of over Rs 20.5 crores and now has only about Rs 5 lakhs remaining. There is still room for one more member of the team.

In contrast to MI, the Punjab Kings (PK) have the necessary funds to become a full franchise. Despite spending Rs. 20 crores at the auction and snagging the most expensive player, Sam Curran, for Rs. 18.5 crores, the franchise still has Rs. 12.2 crore in the bank. Only 22 people have joined the team thus far.

The Rajasthan Royals, the runners-up from last year, spent Rs. 9.85 crores in the auctions and are now left with Rs. 3.35 crore. Players like Jason Holder round out the roster (Rs. 5.75 crores).

In addition to investing heavily in Harry Brook (Rs. 13.25 crore) and Mayank Agarwal (Rs (Rs. 8.25 crore). The franchise has spent the most at the auction (Rs. 35.70 crores) and has a full roster of 25 players. The SRH still has Rs. 6.55 remaining in their wallet.

Mohit Sharma

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