Source: timesofindia.indiatimes.com
NEW DELHI: The debate over removing the salary cap for players in the Indian Premier League seems to have been settled, at least for now.
IPL team owners will be able to spend up to $7 million on bidding for players at the auction to be held later this year for the next season, an increase of $2 million from the first auction.
IPL chairman Lalit Modi on Tuesday said, "Ten teams will have a purse of $70 million, which is $210 million (about Rs 1,000 crore) in three years. This will be the single largest auction in the sporting world." The three-year player contracts signed by the franchises in 2008 end with this season, so a huge number of players will be up for grabs again.
The only exceptions will be four Indian players and three foreign recruits that each team can retain.
When the first auction was held in 2008, the IPL had imposed a salary cap of $5 million per team. Another $2 million was permitted at the second auction last year and a further $750,000 was the purse available to each team at the auction this year.
After bidding Rs 1,702 crore for the Pune franchise, Sahara group chief Subrata Roy had said IPL should increase the salary cap.
"I was thinking the highest bid would be around $330 million. But I was wrong. The bid reached $370 million, which proves the event's popularity. But as far as the auction is concerned, you have to keep a reality check. That is why I have recommended a $7 million cap. Without a salary limit, it will go berserk," Modi said. The proposal still has to be approved by the IPL governing council.
Showing posts with label Lalit Modi. Show all posts
Showing posts with label Lalit Modi. Show all posts
Wednesday, March 24, 2010
The State of Indian Premiere League (IPL 3) on Social Media in 2010
Source: Watblog.com
Guest Post By Sahil Shah (Cross Posted from Socialtrakr)
The Indian Premiere League right from its existence since 2008 has managed to attract eye balls. From cricket to entertainment the hoopla has been all over the country. Every new edition of the IPL is bigger and better than the former. Needless to say, recently two new teams (Pune and Kochi) were added to the bandwagon for IPL’s season 4 at a combined rate of $703 million. Year on year IPL has been growing by leaps and bounds with a newer and a better version coming up every time.
One year ago mashable posted a story on The IPL Fan Club which is now a passé if you think IPL is just about the fan club. There is so much to add to what IPL was doing then and what is being done now, even on Social Media. Back then the fan club clearly didn’t achieve the expected numbers due to filters and now with the onset of Social Media the numbers here are pretty impressive.
IPL Social Media Pie
With Social Media considered as one of the important propositions to address to the Target Audience online, the IPL’s brand value which is doubled since 2009 is being leveraged by it. Here is a take on the main networks IPL is present and performing on:
Viewers became Users on Youtube:
Viewers on TV now have the power to be users (who can express their views via comments) on Youtube. The big news was that first time a league was going LIVE Streaming on Youtube. Considering the amount of influence youtube as a Social Media Platform holds, the future looks promising. About 2 months since the official announcement and 10 days in the tournament, the youtube channel has already got more than 16 million channel views with a whopping list of 54,900 subscribers and 21772 comments (this is why I say users and not only viewers). This clearly states the importance social media holds in today’s lives. I don’t see any surprise if more and more LIVE stream deals happen with youtube in the future too.
One Big Fish captures another:
Facebook has got its own share of the Social Media pie as the most influential Social Network in the world with more than 400 million users. Over here I leave it up to you to decide which one is which Big Fish. The official presence on facebook combing all IPL pages is 4,62,647 fans which is remarkable without any sort of promotion online or offline.
Interestingly there is an anti-IPL page on facebook which has more than 25,000 fans. The most surprising thing about it is that the page was made recently before 2 months. So imagine the amount of Reputation Management IPL needs which is an interesting deal considering the future as the audience (at least some) are already bored of it.
The twitter bird is here to stay
Besides IPL’s official account that has some 9000+ dedicated followers, there are a lot of influencers on twitter that are turning it around for the League. From Shahrukh Khan to Preity Zinta, Cricketing Figures like Shane Warne and Lalit Modi, and obviously the teams on twitter are doing their bit promoting the IPL. The aggregated numbers in terms of followers IPL has over twitter is 4,79,236 (almost half of it is SRK’s fan base). Considering the amount of people getting on to twitter, this platform is the next big thing for live updates
Don’t be surprised
The Social Network that is far bigger than facebook in terms of the reach it has in India, has outdone the latter in the number of people in the communities. With regards to conversations, there is a dire need of fans to interact on Orkut. The now fading platform with too many users switching to facebook, is just for the numbers game (if anyone is interested). Interestingly the numbers are more than facebook and twitter but the conversations are not even half of them.
Google Buzz, Linkedin, Digg and all that jazz
Your browser may not support display of this image. The just-in social network of Google is growing on its own with 1714 followers already. Besides what Buzz has to offer, a lot of opportunities are lying open for the league on this platform. Above and beyond Lalit Modi’s Profile on linkedin, I suppose there is nothing more IPL can do on linkedin. Digg, delicious and other social bookmarking networks have played their part with the expected number of link sharing over the web.
To Sum it up, Youtube as a video sharing platform has been explored completely. They actually took it to the next level via LIVE airing which wasn’t thought of by anyone before and now will become a trend in the future. However Facebook and Twitter – by far the best influential networks on Social Media in India (Orkut losing its sheen) haven’t been explored to core. A fan Page on Facebook can be made more interesting with endless possibilities to explore. Twitter with its LIVE updates via Tweets can garner a loyal audience (full of influencers) and leverage from them as well. Mind you, both these networks can become great resources for a healthy two way communication which is evidently impossible anywhere else. I hope they understand the importance these two networks hold and explore it like they have for Youtube. Maybe we could expect some Social Media Fireworks in the next season of the Indian Premiere League.
Guest Post By Sahil Shah (Cross Posted from Socialtrakr)
The Indian Premiere League right from its existence since 2008 has managed to attract eye balls. From cricket to entertainment the hoopla has been all over the country. Every new edition of the IPL is bigger and better than the former. Needless to say, recently two new teams (Pune and Kochi) were added to the bandwagon for IPL’s season 4 at a combined rate of $703 million. Year on year IPL has been growing by leaps and bounds with a newer and a better version coming up every time.
One year ago mashable posted a story on The IPL Fan Club which is now a passé if you think IPL is just about the fan club. There is so much to add to what IPL was doing then and what is being done now, even on Social Media. Back then the fan club clearly didn’t achieve the expected numbers due to filters and now with the onset of Social Media the numbers here are pretty impressive.
IPL Social Media Pie
With Social Media considered as one of the important propositions to address to the Target Audience online, the IPL’s brand value which is doubled since 2009 is being leveraged by it. Here is a take on the main networks IPL is present and performing on:
Viewers became Users on Youtube:
Viewers on TV now have the power to be users (who can express their views via comments) on Youtube. The big news was that first time a league was going LIVE Streaming on Youtube. Considering the amount of influence youtube as a Social Media Platform holds, the future looks promising. About 2 months since the official announcement and 10 days in the tournament, the youtube channel has already got more than 16 million channel views with a whopping list of 54,900 subscribers and 21772 comments (this is why I say users and not only viewers). This clearly states the importance social media holds in today’s lives. I don’t see any surprise if more and more LIVE stream deals happen with youtube in the future too.
One Big Fish captures another:
Facebook has got its own share of the Social Media pie as the most influential Social Network in the world with more than 400 million users. Over here I leave it up to you to decide which one is which Big Fish. The official presence on facebook combing all IPL pages is 4,62,647 fans which is remarkable without any sort of promotion online or offline.
Interestingly there is an anti-IPL page on facebook which has more than 25,000 fans. The most surprising thing about it is that the page was made recently before 2 months. So imagine the amount of Reputation Management IPL needs which is an interesting deal considering the future as the audience (at least some) are already bored of it.
The twitter bird is here to stay
Besides IPL’s official account that has some 9000+ dedicated followers, there are a lot of influencers on twitter that are turning it around for the League. From Shahrukh Khan to Preity Zinta, Cricketing Figures like Shane Warne and Lalit Modi, and obviously the teams on twitter are doing their bit promoting the IPL. The aggregated numbers in terms of followers IPL has over twitter is 4,79,236 (almost half of it is SRK’s fan base). Considering the amount of people getting on to twitter, this platform is the next big thing for live updates
Don’t be surprised
The Social Network that is far bigger than facebook in terms of the reach it has in India, has outdone the latter in the number of people in the communities. With regards to conversations, there is a dire need of fans to interact on Orkut. The now fading platform with too many users switching to facebook, is just for the numbers game (if anyone is interested). Interestingly the numbers are more than facebook and twitter but the conversations are not even half of them.
Google Buzz, Linkedin, Digg and all that jazz
Your browser may not support display of this image. The just-in social network of Google is growing on its own with 1714 followers already. Besides what Buzz has to offer, a lot of opportunities are lying open for the league on this platform. Above and beyond Lalit Modi’s Profile on linkedin, I suppose there is nothing more IPL can do on linkedin. Digg, delicious and other social bookmarking networks have played their part with the expected number of link sharing over the web.
To Sum it up, Youtube as a video sharing platform has been explored completely. They actually took it to the next level via LIVE airing which wasn’t thought of by anyone before and now will become a trend in the future. However Facebook and Twitter – by far the best influential networks on Social Media in India (Orkut losing its sheen) haven’t been explored to core. A fan Page on Facebook can be made more interesting with endless possibilities to explore. Twitter with its LIVE updates via Tweets can garner a loyal audience (full of influencers) and leverage from them as well. Mind you, both these networks can become great resources for a healthy two way communication which is evidently impossible anywhere else. I hope they understand the importance these two networks hold and explore it like they have for Youtube. Maybe we could expect some Social Media Fireworks in the next season of the Indian Premiere League.
Monday, March 22, 2010
Size of bids for new IPL teams surprises all, even Modi
22 Mar 2010
Source:economictimes.indiatimes.com
CHENNAI/MUMBAI: The Sahara group won the bid for IPL franchise Pune on Sunday. Giving reasons for their choice of city, Abhijit Sarkar, corporate communications head at Sahara, told TOI: "It’s close to Aamby Valley. We have our business reasons for choosing Pune."
The second bid was for $333.33 million (Rs 1,533 crore) from a consortium of investors under Rendezvous Sports who opted for Kochi as their base camp. “It would suffice at this point of time to let you know that we are a group of investors passionate about cricket.
“Some are from Kerala, some from other parts of India and some from abroad. I would not like to reveal too many details at this point of time,” said Vivek Venugopal, a builder from Kerala and one of the investors in the state. However, it is learnt that the group also includes Anchor Switches, Rosy Blue Diamond , Mukesh Patel, and Ravi and Sanjay Gaikwad.
Anchor Switches is a company from Gujarat owned by Mehul Shah. Rosy Blue Diamond is one of the world’s largest diamond manufacturing companies. Dilip Mehta is the CEO of this company, which owns jewellry brand ‘Orra’ . Ravi and Sanjay Gaikwad are Mumbai-based businessmen. Sanjay Gaikwad is the CEO of UFO Moviez while Mukesh Patel is an education baron who runs technology, management and engineering institutions.
The size of the bids surprised one and all, including Modi himself. “I was expecting something in the range of $320m, but this does come as a surprise to me. You talk about recession, but all I can say is that there’s no recession in IPL,’’ exulted a beaming Modi. Among the losers , Aman Vohra placed a bid of $261.3 million, Adani Group bid $315 million for Ahmedabad and VC Digital bid $319.9 million for Pune.
"Kochi does not have a cricket stadium as yet. The Kerala Cricket Association is in the process of building a world class cricket stadium . Till the ground becomes ready, IPL will provide alternative venues to Rendezvous," Modi added. Pune, on the other hand, has a stadium under construction 30km from the city.
Sources close to Tharoor were, however, categorical that they would insist on some of the matches being held in Kochi. “We’ve a stadium there. If we have an IPL team, it’s for hosting matches in Kerala,” they said.
Source:economictimes.indiatimes.com
CHENNAI/MUMBAI: The Sahara group won the bid for IPL franchise Pune on Sunday. Giving reasons for their choice of city, Abhijit Sarkar, corporate communications head at Sahara, told TOI: "It’s close to Aamby Valley. We have our business reasons for choosing Pune."
The second bid was for $333.33 million (Rs 1,533 crore) from a consortium of investors under Rendezvous Sports who opted for Kochi as their base camp. “It would suffice at this point of time to let you know that we are a group of investors passionate about cricket.
“Some are from Kerala, some from other parts of India and some from abroad. I would not like to reveal too many details at this point of time,” said Vivek Venugopal, a builder from Kerala and one of the investors in the state. However, it is learnt that the group also includes Anchor Switches, Rosy Blue Diamond , Mukesh Patel, and Ravi and Sanjay Gaikwad.
Anchor Switches is a company from Gujarat owned by Mehul Shah. Rosy Blue Diamond is one of the world’s largest diamond manufacturing companies. Dilip Mehta is the CEO of this company, which owns jewellry brand ‘Orra’ . Ravi and Sanjay Gaikwad are Mumbai-based businessmen. Sanjay Gaikwad is the CEO of UFO Moviez while Mukesh Patel is an education baron who runs technology, management and engineering institutions.
The size of the bids surprised one and all, including Modi himself. “I was expecting something in the range of $320m, but this does come as a surprise to me. You talk about recession, but all I can say is that there’s no recession in IPL,’’ exulted a beaming Modi. Among the losers , Aman Vohra placed a bid of $261.3 million, Adani Group bid $315 million for Ahmedabad and VC Digital bid $319.9 million for Pune.
"Kochi does not have a cricket stadium as yet. The Kerala Cricket Association is in the process of building a world class cricket stadium . Till the ground becomes ready, IPL will provide alternative venues to Rendezvous," Modi added. Pune, on the other hand, has a stadium under construction 30km from the city.
Sources close to Tharoor were, however, categorical that they would insist on some of the matches being held in Kochi. “We’ve a stadium there. If we have an IPL team, it’s for hosting matches in Kerala,” they said.
Wednesday, March 17, 2010
Modi sounds Brian Lara IPL call
March 15, 2010
Source: Rediff.com
The Indian Premier League bug seems to have bitten Brian Lara as well.
IPL commissioner Lalit Modi on Monday revealed that the West Indies batting legend is keen to play in the fourth season of the mega event next year.
"Spent the last 24 hours with Brian Lara in Kolkata. He is excited of the prospect to be available for IPL 4. Told him to get into training," Modi posted on Twitter.
Former West Indies captain Lara quit international cricket in 2007 and then joined the rebel Indian Cricket League (ICL). He played in the ICL for just one season before giving up all forms of the game.
But since arriving in India a couple of weeks back, the West Indies icon is busy attending various IPL-related events. He was spotted at the Eden Gardens in Kolkata on Sunday when Kolkata Knight Riders played Royal Challengers Bangalore. He apparently met Modi there and discussed his participation in the next season of the league.
Modi also pointed out that the IPL had approached Lara to join them for the inaugural season in 2008.
"Brian Lara was the first guy we approached during first IPL season and, unfortunately, he couldn't join us. We are wishing him to get ready and be a part of IPL season 4," he added.
Source: Rediff.com
The Indian Premier League bug seems to have bitten Brian Lara as well.
IPL commissioner Lalit Modi on Monday revealed that the West Indies batting legend is keen to play in the fourth season of the mega event next year.
"Spent the last 24 hours with Brian Lara in Kolkata. He is excited of the prospect to be available for IPL 4. Told him to get into training," Modi posted on Twitter.
Former West Indies captain Lara quit international cricket in 2007 and then joined the rebel Indian Cricket League (ICL). He played in the ICL for just one season before giving up all forms of the game.
But since arriving in India a couple of weeks back, the West Indies icon is busy attending various IPL-related events. He was spotted at the Eden Gardens in Kolkata on Sunday when Kolkata Knight Riders played Royal Challengers Bangalore. He apparently met Modi there and discussed his participation in the next season of the league.
Modi also pointed out that the IPL had approached Lara to join them for the inaugural season in 2008.
"Brian Lara was the first guy we approached during first IPL season and, unfortunately, he couldn't join us. We are wishing him to get ready and be a part of IPL season 4," he added.
Tuesday, March 9, 2010
IPL 3.0 will be the best yet claims Modi
Source: ipl-news.com
With the opening night of the Indian Premier League only a few days away IPL commissioner Lalit Modi expects this year’s tournament to be the best one yet.
The IPL is continuing its high standards with another stunning opening show featuring musical starts including Deepika Padukone, UB40, Lionel Ritchie, and Abba Revival.
"The preparations are in full swing and there are no hiccups. We all are ready to go. We have planned a very good opening night as well as opening ceremony with a spectacular laser and fireworks show" Modi said.
Away from the opening night preparations Modi was unconcerned about the Indian media boycott which is still planed to go ahead despite the National Broadcasters’ Association agreeing to new terms with the IPL
"National Broadcasters’ Association’s is a strange case. The IPL Governing Council and their representatives had a meeting two nights ago and we had agreed to allow certain amount of flexibility in their programming and amount of video footage that can be shown" said Modi.
"They agreed then but last night came back to say they needed more concessions, which the Governing Council cannot agree. The boycott continues though I would like them to cover the event but not on the new terms".
"People can see IPL action on Sony and YouTube" he added.
source - cricket20.com
With the opening night of the Indian Premier League only a few days away IPL commissioner Lalit Modi expects this year’s tournament to be the best one yet.
The IPL is continuing its high standards with another stunning opening show featuring musical starts including Deepika Padukone, UB40, Lionel Ritchie, and Abba Revival.
"The preparations are in full swing and there are no hiccups. We all are ready to go. We have planned a very good opening night as well as opening ceremony with a spectacular laser and fireworks show" Modi said.
Away from the opening night preparations Modi was unconcerned about the Indian media boycott which is still planed to go ahead despite the National Broadcasters’ Association agreeing to new terms with the IPL
"National Broadcasters’ Association’s is a strange case. The IPL Governing Council and their representatives had a meeting two nights ago and we had agreed to allow certain amount of flexibility in their programming and amount of video footage that can be shown" said Modi.
"They agreed then but last night came back to say they needed more concessions, which the Governing Council cannot agree. The boycott continues though I would like them to cover the event but not on the new terms".
"People can see IPL action on Sony and YouTube" he added.
source - cricket20.com
Monday, March 8, 2010
Saif-Kareena upset with IPL bid cancellation
Taken from: Mid-Day
The power couple was interested in bidding for an IPL team (Pune) along with Karisma and Sanjay Kapur. A sudden change of rules ruined the plan
Saif Ali Khan and Kareena Kapoor were to buy an Indian Premier League (IPL) team. Not any more, it seems. The chote nawab is upset that the bidding was cancelled at the last moment and that new regulations were suddenly brought in.
The auction took place in Mumbai yesterday. Saif and Kareena were present at the bidding for new teams (Pune, Nagpur and Ahmedabad). It is learnt that the duo along with Kareena's sister Karisma Kapoor and her husband Sanjay Kapur and Videocon's Venugopal Dhoot are interested in buying the Pune team. Now, with the auction being cancelled and a change of rules set to take place, Saif's very upset and isn't interested in bidding anymore.
Says Saif, "Yes, we were interested in buying the Pune team but the bidding process was cancelled and the rules were changed. Kareena and I had submitted our bid and there was one other person but Lalit (Modi) cancelled it. It would've been great if we could have bought the Pune team and entered the IPL as I love cricket too (his dad is one of India's former cricket captains, Mansur Ali Khan Pataudi)."
An investment
A fresh auction will now be held eight days later, but the chote nawab may not place a bid. Saif says bluntly, "Whether we will still be interested or not will depend on how the rules have changed and what value the teams will be sold at. It has to be at a certain price. It's an investment for us and we have to buy something that's worth something. We can't end up losing money if it's not a sound investment."
Saif feels that there are many reasons for the cancellation of the auction. "It's all internal trade, internal issues within the Board of Control for Cricket in India (BCCI), the IPL and big business and politics (involving Chief Ministers) and heads of multi-national companies -- something that's beyond my understanding."
A new system
Elaborating on what made the couple change their minds, Khan says, "The whole bid was cancelled with no explanations given. It's politics and big business. In the new system, you don't need to be a billionaire or have 100 million in your bank account as guarantee to bid for an IPL team. In the last bidding, when the Pune and Ahmedabad teams were being auctioned only two people were bidding for the teams. Now with the changed scenario, there will be many bidders for one team.
Saif's father, the Nawab of Pataudi, is a member of the Governing Council of the IPL. Maybe he could talk to him? Saif says, "My father isn't part of this... It's something to do with the BCCI and Lalit Modi."
FACTS
Preity Zinta, Shahrukh Khan and Shilpa Shetty are B-Towners who already own IPL teams. It was rumoured that Sanjay Dutt and Ajay Devgn were also keen on buying IPL teams.
New IPL rules
Earlier only groups with a net worth of $1 billion (approx Rs 4,500+ crores) were proposed to be allowed, and the bidders had to provide a bank guarantee of $100m to just participate in the bidding process. These two clauses have been dropped for the new bidding scheduled for March 21. Modi has now set a new condition that a $10 million advance performance deposit would be submitted 24 hours in advance by March 20. The successful bidders would also need to be ready to pay 10% of the amount that they bid, within 48 hours of being awarded the franchise. The base price of each team would now be $225m .
Taken from: Mid-Day
The power couple was interested in bidding for an IPL team (Pune) along with Karisma and Sanjay Kapur. A sudden change of rules ruined the plan
Saif Ali Khan and Kareena Kapoor were to buy an Indian Premier League (IPL) team. Not any more, it seems. The chote nawab is upset that the bidding was cancelled at the last moment and that new regulations were suddenly brought in.
The auction took place in Mumbai yesterday. Saif and Kareena were present at the bidding for new teams (Pune, Nagpur and Ahmedabad). It is learnt that the duo along with Kareena's sister Karisma Kapoor and her husband Sanjay Kapur and Videocon's Venugopal Dhoot are interested in buying the Pune team. Now, with the auction being cancelled and a change of rules set to take place, Saif's very upset and isn't interested in bidding anymore.
Says Saif, "Yes, we were interested in buying the Pune team but the bidding process was cancelled and the rules were changed. Kareena and I had submitted our bid and there was one other person but Lalit (Modi) cancelled it. It would've been great if we could have bought the Pune team and entered the IPL as I love cricket too (his dad is one of India's former cricket captains, Mansur Ali Khan Pataudi)."
An investment
A fresh auction will now be held eight days later, but the chote nawab may not place a bid. Saif says bluntly, "Whether we will still be interested or not will depend on how the rules have changed and what value the teams will be sold at. It has to be at a certain price. It's an investment for us and we have to buy something that's worth something. We can't end up losing money if it's not a sound investment."
Saif feels that there are many reasons for the cancellation of the auction. "It's all internal trade, internal issues within the Board of Control for Cricket in India (BCCI), the IPL and big business and politics (involving Chief Ministers) and heads of multi-national companies -- something that's beyond my understanding."
A new system
Elaborating on what made the couple change their minds, Khan says, "The whole bid was cancelled with no explanations given. It's politics and big business. In the new system, you don't need to be a billionaire or have 100 million in your bank account as guarantee to bid for an IPL team. In the last bidding, when the Pune and Ahmedabad teams were being auctioned only two people were bidding for the teams. Now with the changed scenario, there will be many bidders for one team.
Saif's father, the Nawab of Pataudi, is a member of the Governing Council of the IPL. Maybe he could talk to him? Saif says, "My father isn't part of this... It's something to do with the BCCI and Lalit Modi."
FACTS
Preity Zinta, Shahrukh Khan and Shilpa Shetty are B-Towners who already own IPL teams. It was rumoured that Sanjay Dutt and Ajay Devgn were also keen on buying IPL teams.
New IPL rules
Earlier only groups with a net worth of $1 billion (approx Rs 4,500+ crores) were proposed to be allowed, and the bidders had to provide a bank guarantee of $100m to just participate in the bidding process. These two clauses have been dropped for the new bidding scheduled for March 21. Modi has now set a new condition that a $10 million advance performance deposit would be submitted 24 hours in advance by March 20. The successful bidders would also need to be ready to pay 10% of the amount that they bid, within 48 hours of being awarded the franchise. The base price of each team would now be $225m .
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