The sale of five clubs in the first Women’s Indian Premier League (WPL) brought in a profit of 4,669.99 crores for the BCCI on Wednesday.

The most expensive franchise, Ahmedabad, was purchased by Adani Sportsline for a whopping 1,289 crore.

The Adani Group, Capri Global, and the owners of the three male IPL clubs (Mumbai Indians, Delhi Capitals, and Royal Challengers Bangalore) have all placed winning offers to acquire the five female IPL franchises.

Owners of IPL teams Mumbai Indians, Royal Challengers Bangalore, and Delhi Capitals successfully submitted bids to join the WPL for amounts of 912.99 crore, 901 crore, and 810 crores, respectively.

For 757 crore, Capri Global Holdings acquired the franchise in Lucknow.

The competition will span 18 to 19 days and terminate in the final week of March, before the start of the men’s IPL.

Jay Shah, the BCCI secretary, tweeted the results of the closed bidding.

“The BCCI has named the league – Women’s Premier League (WPL). Let the journey begin.

“Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men’s IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid. This marks the beginning of a revolution in women’s cricket and paves the way for a transformative journey ahead not only for our women cricketers but for the entire sports fraternity. The #WPL would bring necessary reforms in women’s cricket and would ensure an all-encompassing ecosystem that benefits each and every stakeholder,” Jay Shah, the BCCI secretary, tweeted.

Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men's IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid. This marks the beginning of a revolution in women's cricket and paves the

— Jay Shah (@JayShah) January 25, 2023