"Price is what you pay. Value is what you get." — Warren Buffett

In 2008, Vijay Mallya paid ₹446 crore for RCB.

Not because he loved cricket. Because he couldn't advertise whisky on TV.

In 2026, that same team sold for ₹16,660 crore.

So what changed that made the value of a cricket team rise 37x over the years, and does the price actually make sense?

This week, we break down the IPL not as a sport, but as a business.

The cash flows, the valuation logic, and the one risk that could challenge everything.