BCCI to net Rs 1,550 crore from RR-RCB record sale: Here's why

• BCCI set for a massive payday of Rs 1,550 crore to Rs 1,583 crore from the sale of Rajasthan Royals and Royal Challengers Bengaluru.
• The earnings come from a 5% transfer fee on the sale of the two IPL franchises.
• Rajasthan Royals acquired by US-based entrepreneur Kal Somani for USD 1.63 billion.
• Royal Challengers Bengaluru bought by Aditya Birla Group, David Blitzer, and Blackstone for USD 1.78 billion.
• The 5% transfer clause is a standard part of all ten IPL franchise agreements, ensuring BCCI benefits from ownership changes.