Source: iplt20.com
22 Mar, 2010
Mumbai: After capturing the hearts and minds of millions all across the world, Indian Premier League has now crossed another landmark.
According to a recent study by a UK-based brand valuation consultancy, the brand value of the IPL has more than doubled to USD 4.13 billion (over Rs 18,000 crore) from USD 2.01 billion in 2009.
Interestingly, brand IPL has a higher valuation than English Premier League club Manchester United, which is valued close to USD 3 billion.
"The IPL brand alone has risen significantly from the previous year's valuation providing tremendous economic value to its owner BCCI," Brand Finance, the brand valuation consultancy, said in a media release.
"In comparison to international benchmarks for sporting business such as EPL (English Premier League) which is valued at $12 billion, the IPL juggernaut, in a short span of 3 years, is valued at $4 billion and has the potential to grow further," said Unni Krishnan, Managing Director of Brand Finance India.
"A huge amount of intellectual property is being created by the complete IPL ecosystem which was sustained despite last year's difficult economic conditions. This demonstrates the exponential value of IPL and the brand potential in a cricket loving country like India and other global cricketing countries," Brand Finance said in a release.
The franchises have been a part of this growth. Chennai Super Kings, who were ranked fourth last year, has emerged the most valued franchise in 2010. The CSK franchise has moved up the ladder to number one with a valuation of USD 48.4 million. The Kolkata Knight Riders co-owned by Bollywood actor Shah Rukh Khan comes in second with a valuation of USD 46 million and the Rajasthan Royals, co-owned by Bollywood actress Shilpa Shetty comes in third with USD 45.2 million.
The Royal Challengers Bangalore, owned by Vijay Mallya, is ranked fourth with a valuation of USD 41.9 million and is followed by the Mumbai Indians (USD 40.8 million), Delhi Daredevils (USD 40.5 million) and Kings XI Punjab ( USD 36.1 million). The Deccan Chargers are at the base with a valuation of USD 34.4 million.
Wednesday, March 24, 2010
Preity Zinta may sell stake in Kings XI Punjab team
Source: business.rediff.com and Business Standard
A day after the two new teams in the fourth season of the Indian Premier League were sold for over Rs 1,500 crore (Rs 15 billion) each, the owners of Kings XI Punjab are understood to have entered into discussions to sell their stake in the team.
According to sources, Preity Zinta and Ness Wadia, owners of KXIP, are looking at offloading their stake in the team for $200 million (Rs 920 crore) to a clutch of investors.
The team was bought by Zinta, Wadia and their business partner, Mohit Burmani, for $76 million (Rs 350 crore at the exchange rate of Rs 46 per dollar) in the first season of IPL in 2008.
However, the management of KXIP said it had no news of any such deal.
"These are mere speculation. In the past, too, there have been rumours of stake sale which turned out to be untrue. The owners have not informed us whether they are selling their stake in the team. We cannot respond to these speculations," said Anil Srivatsa, CEO of KXIP.
Board of Control for Cricket in India officials said Zinta or Wadia might be talking to people for selling their stakes; however, the IPL Governing Council had not been informed.
"These are private deals and the IPL Governing Council does not interfere in such matters. Only when the deal is finalised are the team owners obligated to inform the Governing Council," said Rajiv Shukla, chairman, media and finance committee, BCCI.
A day after the two new teams in the fourth season of the Indian Premier League were sold for over Rs 1,500 crore (Rs 15 billion) each, the owners of Kings XI Punjab are understood to have entered into discussions to sell their stake in the team.
According to sources, Preity Zinta and Ness Wadia, owners of KXIP, are looking at offloading their stake in the team for $200 million (Rs 920 crore) to a clutch of investors.
The team was bought by Zinta, Wadia and their business partner, Mohit Burmani, for $76 million (Rs 350 crore at the exchange rate of Rs 46 per dollar) in the first season of IPL in 2008.
However, the management of KXIP said it had no news of any such deal.
"These are mere speculation. In the past, too, there have been rumours of stake sale which turned out to be untrue. The owners have not informed us whether they are selling their stake in the team. We cannot respond to these speculations," said Anil Srivatsa, CEO of KXIP.
Board of Control for Cricket in India officials said Zinta or Wadia might be talking to people for selling their stakes; however, the IPL Governing Council had not been informed.
"These are private deals and the IPL Governing Council does not interfere in such matters. Only when the deal is finalised are the team owners obligated to inform the Governing Council," said Rajiv Shukla, chairman, media and finance committee, BCCI.
Tendulkar rules out playing Twenty20 World Cup
Source:timesofindia.indiatimes.com
NEW DELHI: Master batsman Sachin Tendulkar on Tuesday ruled out playing in this year's Twenty20 World Cup in the West Indies, saying he sticks to his stance of not playing Twenty20 Internationals anymore.
Even though Tendulkar is not among the 30 probables already selected for the April 30-May 16 event, former captain Sunil Gavaskar led the chorus, asking Tendulkar, who is in sensational form, to change his stance and play in the Twenty20 World Cup.
Tendulkar, however, dismissed the possibility. "I will not be playing the ICC World Twenty20. I have not played Twenty20 Internationals from 2007 onwards and I don't think it should become an issue now," Tendulkar said.
Tendulkar, along with senior players Sourav Ganguly and Rahul Dravid, had opted out of the 2007 Twenty20 World Cup, which Indian won under Mahendra Singh Dhoni's captaincy.
Since then, Tendulkar has kept himself out of Twenty20 Internationals, saying he did not want to upset the team which had won the 2007 World Cup.
NEW DELHI: Master batsman Sachin Tendulkar on Tuesday ruled out playing in this year's Twenty20 World Cup in the West Indies, saying he sticks to his stance of not playing Twenty20 Internationals anymore.
Even though Tendulkar is not among the 30 probables already selected for the April 30-May 16 event, former captain Sunil Gavaskar led the chorus, asking Tendulkar, who is in sensational form, to change his stance and play in the Twenty20 World Cup.
Tendulkar, however, dismissed the possibility. "I will not be playing the ICC World Twenty20. I have not played Twenty20 Internationals from 2007 onwards and I don't think it should become an issue now," Tendulkar said.
Tendulkar, along with senior players Sourav Ganguly and Rahul Dravid, had opted out of the 2007 Twenty20 World Cup, which Indian won under Mahendra Singh Dhoni's captaincy.
Since then, Tendulkar has kept himself out of Twenty20 Internationals, saying he did not want to upset the team which had won the 2007 World Cup.
IPL hikes salary cap by $2m to $7m per team
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.
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.
Former greats want Tendulkar to play in Twenty20 World Cup
Source: timesofindia.indiatimes.com
NEW DELHI: Sachin Tendulkar's sparkling form in the Indian Premier League (IPL) has intensified calls of his inclusion in the Indian team for the Twenty20 World Cup next month.
Tendulkar, who is a month away from his 37th birthday, had decided to stay away from Twenty20 internationals and concentrate on Test and one-day cricket. But former cricketers feel Tendulkar should reconsider his decision and play in the upcoming World Twenty20.
His presence will bolster India's chances in the West Indies, more so when most of the youngsters are going through a lean patch, they say.
"I think the kind of form and the fitness he is in, if he decides to comeback it will be wonderful," former Test cricketer Abbas Ali Baig said.
"He has adapted himself marvellously in the shorter format of the game. When he decided not to play in the Twenty20, he must have been in a different state of mind. But today look at the the way he is playing. If he decides to play, he should be welcomed to the side."
Legendary Sunil Gavaskar also said Tendulkar "should make himself available for World Twenty20."
Navjot Singh Siddhu said Tendulkar still has the hunger for the runs irrespective of the format.
"I think the selectors will have to consider his current form. He has made a strong case the way he is batting in IPL.
"Sachin is a cricketer who can adapt to any situation and score at any level. He is like a little boy whose enthusiasm for cricket refuses to die."
Former Test captain Bishen Singh Bedi felt the decision should be best left to Tendulkar.
"He has not played in the previous two Twenty20 World Cup and we should respect his decision. Why force him to comeback at this stage of life and career," Bedi said.
Former India player Surinder Khanna concurs. "Tendulkar is a champion player and he knows best whether his body can bear the demands of Twenty20 cricket. It was his decision not to play and we should respect whatever decision he takes now."
Tendulkar was not part of India's Twenty20 World Cup winning squad in 2007 and also last year when India made an early exit.
The master batsman has been in blistering form in the ongoing IPL. He scored a match winning knock of unbeaten 71 off 48 balls against Kolkata Knight Riders at the Brabourne Stadium Monday. It was his highest T20 score and second fifty in IPL.
NEW DELHI: Sachin Tendulkar's sparkling form in the Indian Premier League (IPL) has intensified calls of his inclusion in the Indian team for the Twenty20 World Cup next month.
Tendulkar, who is a month away from his 37th birthday, had decided to stay away from Twenty20 internationals and concentrate on Test and one-day cricket. But former cricketers feel Tendulkar should reconsider his decision and play in the upcoming World Twenty20.
His presence will bolster India's chances in the West Indies, more so when most of the youngsters are going through a lean patch, they say.
"I think the kind of form and the fitness he is in, if he decides to comeback it will be wonderful," former Test cricketer Abbas Ali Baig said.
"He has adapted himself marvellously in the shorter format of the game. When he decided not to play in the Twenty20, he must have been in a different state of mind. But today look at the the way he is playing. If he decides to play, he should be welcomed to the side."
Legendary Sunil Gavaskar also said Tendulkar "should make himself available for World Twenty20."
Navjot Singh Siddhu said Tendulkar still has the hunger for the runs irrespective of the format.
"I think the selectors will have to consider his current form. He has made a strong case the way he is batting in IPL.
"Sachin is a cricketer who can adapt to any situation and score at any level. He is like a little boy whose enthusiasm for cricket refuses to die."
Former Test captain Bishen Singh Bedi felt the decision should be best left to Tendulkar.
"He has not played in the previous two Twenty20 World Cup and we should respect his decision. Why force him to comeback at this stage of life and career," Bedi said.
Former India player Surinder Khanna concurs. "Tendulkar is a champion player and he knows best whether his body can bear the demands of Twenty20 cricket. It was his decision not to play and we should respect whatever decision he takes now."
Tendulkar was not part of India's Twenty20 World Cup winning squad in 2007 and also last year when India made an early exit.
The master batsman has been in blistering form in the ongoing IPL. He scored a match winning knock of unbeaten 71 off 48 balls against Kolkata Knight Riders at the Brabourne Stadium Monday. It was his highest T20 score and second fifty in IPL.
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