IPL 2024 auction: How much each franchise has spent?

As the cricketing world gears up for the IPL 2024 auction, an unprecedented move awaits fans and teams alike – the auction is set to take place on December 19 at the Coca-Cola Arena in Dubai. This marks a notable departure from tradition, with the auction being held outside India due to prevailing political conditions.

As the auction date draws near, it’s time to examine the financial landscape of each franchise, scrutinizing their spending spree and remaining purse, crucial in shaping the squads for the upcoming season.

Let’s have a closer look at all ten franchises and their remaining purse ahead of action along with the total money they have spent on retained players:

Remaining purse and total spent ahead of IPL 2024 auction

Financial Breakdown by Franchise:

Chennai Super Kings (CSK):
- Spent: 68.6 crore
- Left: 31.4 crore
Delhi Capitals:
- Spent: 71.05 crore
- Left: 28.95 crore
Gujarat Titans:
- Spent: 76.85 crore
- Left: 23.15 crore
Kolkata Knight Riders (KKR):
- Spent: 67.3 crore
- Left: 32.7 crore
Lucknow Super Giants:
- Spent: 86.85 crore
- Left: 13.15 crore
Mumbai Indians (MI):
- Spent: 84.75 crore
- Left: 15.25 crore
Punjab Kings (PBKS):
- Spent: 70.9 crore
- Left: 29.1 crore
Royal Challengers Bangalore (RCB):
- Spent: 59.25 crore
- Left: 40.75 crore
Rajasthan Royals (RR):
- Spent: 85.5 crore
- Left: 14.5 crore
Sunrisers Hyderabad (SRH):
- Spent: 66 crore
- Left: 34 crore

Collective Spending and Remaining Purse:

Total Spending by all Franchises: 737.05 crore
Total Remaining Purse: 262.95 crore

Which team has spent more? Which team has the highest purse remaining?

In the financial arena, the big spenders leading up to the IPL 2024 auction are the Lucknow Super Giants, who have splurged a whopping 86.85 crore so far. On the other end of the spectrum, the Rajasthan Royals have been relatively conservative, spending 85.5 crore.

The team that has most judiciously managed its finances, leaving the largest purse ahead of the auction, is the Royal Challengers Bangalore, with an impressive 40.75 crore still in their coffers. Meanwhile, franchises like CSK, Delhi Capitals, and MI are poised to make strategic moves with healthy purses in the range of 28-32 crore.