Indian money power wins over Aussie IPL-type T20 league

[trident2010]

Indian money power wins over Aussie IPL-type T20 league



Cricket Australia today approved overseas private investments in its revamped IPL-style Twenty20 tournament from next year, paving the way for Indian companies and individuals to become minority stake holders of the teams.

Some $60 billion have reportedly flown into Aussie cricket's coffers from Indian investors.

Announcing the launch of Big Bash Bash Twenty20 League from 2011-12 after the Cricket Australia Board meeting here, CA chief executive James Sutherland said minority private ownership of franchisees has been approved and the process of seeking expressions of interest will start after working out the details.

"The Board has approved investment of minority holdings in each of the respective teams and the details of that will be further contemplated in the coming weeks. It will, over the coming months, consider the terms under which that private investment may take place but the Board is certainly open to that," Sutherland said at a press conference.




Indian money power wins over Aussie IPL-type T20 league

 

[prototype]

No big deal,Indian money control world Cricket

 

[DEXTOR]

Indian money power wins over Aussie IPL-type T20 league



Cricket Australia today approved overseas private investments in its revamped IPL-style Twenty20 tournament from next year, paving the way for Indian companies and individuals to become minority stake holders of the teams.

Some $60 billion have reportedly flown into Aussie cricket's coffers from Indian investors.

Announcing the launch of Big Bash Bash Twenty20 League from 2011-12 after the Cricket Australia Board meeting here, CA chief executive James Sutherland said minority private ownership of franchisees has been approved and the process of seeking expressions of interest will start after working out the details.

"The Board has approved investment of minority holdings in each of the respective teams and the details of that will be further contemplated in the coming weeks. It will, over the coming months, consider the terms under which that private investment may take place but the Board is certainly open to that," Sutherland said at a press conference.




Indian money power wins over Aussie IPL-type T20 league

$ 60 billion ?? Is this correct?? Hard to digest

 

[Speaker]

$ 60 billion ?? Is this correct?? Hard to digest

I think it is 60 million. This seems to be a typo.

 

[DEXTOR]

I think it is 60 million. This seems to be a typo.

may be but i can't beleive on $60 billion until credible proof...!

 

[silent hill]

No big deal,Indian money control world Cricket

lolzz, world cricket, world se kaam ki baat hi nai kerte yeah indians lolzz

 

[Speaker]

lolzz, world cricket, world se kaam ki baat hi nai kerte yeah indians lolzz

81% of the money in world cricket comes from India and this is not a post-IPL phenomenon. So it is quite true in this case.

 

[Abhishek_]

^ source for the 81%?

 

[silent hill]

81% of the money in world cricket comes from India and this is not a post-IPL phenomenon. So it is quite true in this case.

i just dont, understand, what indian money has got to do with the 'world cricket' in the first place, its good that indian sponcerships makes BCCI earn good money, but what sort of indian money is being used to facilitate cricketers or cricket or cricket teams around the world??, even what money does ICC earn through india? whts the sourse for this news?

 

[Hyde]

poor indian media - i bet thats another mistake by them

how many times they will continually doing such mistakes?

they were probably talking about 60 million dollars or maximum 6 billion which itself seems dodgy

 

[Super Falcon]

if indian money is running cricket than india should play cricket with itself if other all members get out of cricket and sir it dosent mean that your money is runiing cricket and ICC should give india WC when you blackmail for money

 

[somebozo]

What has actually happend is flight of huge valuable capital from India to overseas gambling hotspots.

 

[true_indian]

^ source for the 81%?

Excerpt from this article.

Why Australia must side with India | Herald Sun

HERE'S a sobering fact - of every dollar raised in world cricket, 81 cents is generated by India.

 

[true_indian]

if indian money is running cricket than india should play cricket with itself if other all members get out of cricket and sir it dosent mean that your money is runiing cricket and ICC should give india WC when you blackmail for money

India is running the cricket as in Indian money is running the cricket. ICC is sponsored almost entirely by India. All countries want to play with India because of that. They won't stop just because you said so. Economics are in play here.

 

[true_indian]

i just dont, understand, what indian money has got to do with the 'world cricket' in the first place, its good that indian sponcerships makes BCCI earn good money, but what sort of indian money is being used to facilitate cricketers or cricket or cricket teams around the world??, even what money does ICC earn through india? whts the sourse for this news?

India generates 81% of the revenue. But it shares it with all other countries in ICC. So, it means ICC is still standing because of Indian money. World cricket is running on Indian money.