Karachi (PTI): The enthusiastic response to the Indian Premier League could result in some franchisees making profits in the first year of the tournament itself, IPL Chairman Lalit Modi said on Thursday.

"The IPL is a very robust business model. In fact, some of the owners will end up making profits in year one itself," Modi said.

He outlined the benefits and revenues that team owners stood to make from the IPL.

"Team owners get 80 per cent of broadcast revenues, 60 per cent of sponsorship revenues, 100 per cent of team sponsorship revenues, 80 per cent of ticket revenues, 87.5 per cent of all merchandising revenues and 100 per cent of all hospitality revenues," Modi told 'Geo News' in a telephonic interview.

He said there would be tax deduction on the income of the overseas players and they would get the full amount bid on them in the players' auction but would be paid for the number of matches they are available for.

"It does not matter if they play or not. If they are available and even if they are on the bench they will get paid for the match," he stated.