Multiple outlets report that India’s Indian Premier League (IPL) increases sharply in assessed business value, reaching about $20.6 billion and putting it above $20 billion this year. Al Jazeera says the league’s value rises by 11% and strengthens its position as cricket’s leading T20 competition. The Guardian reports similar figures, citing a Houlihan Lokey report that estimates the IPL’s value at $20.6 billion (about £15.5 billion) and attributes the increase to major franchise ownership deals involving two of its biggest teams. The Guardian also states that the IPL’s value grows by 10.3% over the past year and frames the league as one of the world’s most valuable sports brands. According to the same report, the IPL ranks second only to the NFL on a per-match basis globally. While the reported percentage gains differ slightly between outlets, both attribute the increase to the league’s growing brand and economics, and both cite assessment figures grounded in the Houlihan Lokey analysis.