IPL is a heaven for bookies

[desiman]

you are so right

Bollywood and IPL nexus for Dawood Ibrahim and the underworld - We are happy not jealous.

typical Zaid Hamid thinking, nothing new. Nothing Indian can ever be right as per this thinking.

 

[Bombay]

you are so right

Bollywood and IPL nexus for Dawood Ibrahim and the underworld - We are happy not jealous.

Yes, you are finally happy that someone living in Pakistan is participating in the IPL now.

Good for you..

 

[Novice09]

Why do you think IPL is not accepting ICC inspectors and rules of the anti corruption body?

Because ICC has not authenticated IPL... 100% private initiative which is backed by BCCI...

 

[karan.1970]

You can't do anything anyways

It is the ICC who should have taken a while ago and glad they have started to take action now.

This post would have been Hilarious had it not been so pathetic...Its not ICC that is taking action... But IPL management who is hiring ICC unit to ensure that IPL stays clean...

 

[Super Falcon]

it is a fact that ipl is run by boookies thats why it has more and more money ownershipers of the teams after not getting in fanal they all get profits even team on last number

 

[brahmastra]

it is a fact that ipl is run by boookies thats why it has more and more money ownershipers of the teams after not getting in fanal they all get profits even team on last number

ever heard of sponsorship!

 

[i am your fear]

its all about money i saw how pakistani players were crying when team owner say no to them

ipl is all about passion fun entertainment and money

 

[brahmastra]

Originally Posted by Super Falcon
it is a fact that ipl is run by boookies thats why it has more and more money ownershipers of the teams after not getting in fanal they all get profits even team on last number

How IPL Franchisees can earn Profit?

If you are wondering why this much amount of money is poured by franchisees in IPL and from where they are going to get that money back, you are not alone. Even James Sutherland, Chief, Cricket Australia has raised the same doubts that, will IPL be able to get a same response (from franchisees) in future as well, as he sees very slim chances of franchisees earning considerable profit from IPL. His concerns are genuine and can not be ruled out. There are lot of issues. As all countries cricket schedule already full packed for years to come, its very difficult for international players to play in IPL. He has already stated that in the next year there is practically no chance for Australian players to play in IPL as they are very busy during the season IPL is scheduled.

At the same time Ambanis (owner of Mumbai Indians), Wadias (owner of Punjab Kings XI), Mallyas (owner of Bangalore Royal Challengers), Shahrukh Khan (owner of Kolkata Knight Riders) and for that matter any of the rest of four franchisees are not fools. They must have done their own calculations. It is estimated that every franchisee can break even in the second year. Some franchisees can even start making profit in the first year itself.

IPL Chairman Lalit Modi clarified how franchisees can earn profit in IPL. Team owners get 80% of broadcast revenues, 60% of sponsorship revenues, 100% of team sponsorship revenues, 80% of ticket revenues, 87.5% of all merchandising revenues, and 100% of all hospitality revenues.


credit:anurag patil

 

[brahmastra]

Only two teams have registered profit, they are Kolkata Knight Riders and Rajasthan Royals.

Kolkata Knight Riders
FRANCHISE FEE: Rs 300 Cr

REVENUES: 89
BCCI, SET MAX: 35
TEAM SPONSORS: 34
GATE RECEIPTS: 20

EXPENSES: 81
FRANCHISE FEE: 31
TEAM: 25
AD, ADMIN: 25

NET PROFIT: Rs 8 Cr

Rajasthan Royals
FRANCHISE FEE: Rs 268 Cr

REVENUES: 55
BCCI, SET MAX: 35
TEAM SPONSORS: 15
GATE RECEIPTS: 5

EXPENSES: 50
FRANCHISE FEE: 27
TEAM: 13
AD, ADMIN: 10

NET PROFIT: Rs 5 Cr



Kings Punjab
FRANCHISE FEE: Rs 304 Cr

REVENUES: 61
BCCI, SET MAX: 35
TEAM SPONSORS: 18
GATE RECEIPTS: 8

EXPENSES: 64.4
FRANCHISE FEE: 30.4
TEAM: 25
AD, ADMIN: 9

NET LOSS: Rs 3.4 Cr


Chennai Super Kings
FRANCHISE FEE: Rs 364 Cr

REVENUES: 74
BCCI, SET MAX: 35
TEAM SPONSORS: 25
GATE RECEIPTS: 14

EXPENSES: 80
FRANCHISE FEE: 36
TEAM: 25
AD, ADMIN: 18

NET LOSS: Rs 4 Cr



Delhi Daredevils
FRANCHISE FEE: Rs 336 Cr

REVENUES: 71
BCCI, SET MAX: 35
TEAM SPONSORS: 20
GATE RECEIPTS: 16

EXPENSES: 79
FRANCHISE FEE: 34
TEAM: 23
AD, ADMIN: 22

NET LOSS: Rs 8 Cr



Deccan Chronicle
FRANCHISE FEE: Rs 428 Cr

REVENUES : 64
BCCI, SET MAX: 35
TEAM SPONSORS: 19
GATE RECEIPTS: 10

EXPENSES: 84
FRANCHISE FEE: 45
TEAM: 24
AD, ADMIN: 15

NET LOSS: Rs 20 Cr

Mumbai Indians
FRANCHISE FEE: Rs 448 Cr

REVENUES: 70
BCCI, SET MAX: 35
TEAM SPONSORS: 18
GATE RECEIPTS: 17

EXPENSES: 91
FRANCHISE FEE: 45
TEAM: 20
AD, ADMIN: 26




Royal Challengers
FRANCHISE FEE: Rs 446 Cr

REVENUES: 50
BCCI, SET MAX: 35
TEAM SPONSORS: 0*
GATE RECEIPTS: 15

EXPENSES: 95
FRANCHISE FEE: 48
TEAM: 22
AD, ADMIN: 25
NET LOSS: Rs 45 Cr

Read more: http://www.unp.co.in/f46/ipl-1st-season-closure-profit-and-loss-28802/#ixzz0WKFtORVB

 

[RobbieS]

Its amazing to hear Pakistanis pontificating about match-fixing. The largest numbers of players accused of match-fixing have been from Pakistan. Most of them stars and idols and accused by their own Boards.

Regarding IPL, its just a case of sour grapes.

 

[Novice09]

Only two teams have registered profit, they are Kolkata Knight Riders and Rajasthan Royals.

Kolkata Knight Riders
FRANCHISE FEE: Rs 300 Cr

REVENUES: 89
BCCI, SET MAX: 35
TEAM SPONSORS: 34
GATE RECEIPTS: 20

EXPENSES: 81
FRANCHISE FEE: 31
TEAM: 25
AD, ADMIN: 25

NET PROFIT: Rs 8 Cr

Rajasthan Royals
FRANCHISE FEE: Rs 268 Cr

REVENUES: 55
BCCI, SET MAX: 35
TEAM SPONSORS: 15
GATE RECEIPTS: 5

EXPENSES: 50
FRANCHISE FEE: 27
TEAM: 13
AD, ADMIN: 10

NET PROFIT: Rs 5 Cr



Kings Punjab
FRANCHISE FEE: Rs 304 Cr

REVENUES: 61
BCCI, SET MAX: 35
TEAM SPONSORS: 18
GATE RECEIPTS: 8

EXPENSES: 64.4
FRANCHISE FEE: 30.4
TEAM: 25
AD, ADMIN: 9

NET LOSS: Rs 3.4 Cr


Chennai Super Kings
FRANCHISE FEE: Rs 364 Cr

REVENUES: 74
BCCI, SET MAX: 35
TEAM SPONSORS: 25
GATE RECEIPTS: 14

EXPENSES: 80
FRANCHISE FEE: 36
TEAM: 25
AD, ADMIN: 18

NET LOSS: Rs 4 Cr



Delhi Daredevils
FRANCHISE FEE: Rs 336 Cr

REVENUES: 71
BCCI, SET MAX: 35
TEAM SPONSORS: 20
GATE RECEIPTS: 16

EXPENSES: 79
FRANCHISE FEE: 34
TEAM: 23
AD, ADMIN: 22

NET LOSS: Rs 8 Cr



Deccan Chronicle
FRANCHISE FEE: Rs 428 Cr

REVENUES : 64
BCCI, SET MAX: 35
TEAM SPONSORS: 19
GATE RECEIPTS: 10

EXPENSES: 84
FRANCHISE FEE: 45
TEAM: 24
AD, ADMIN: 15

NET LOSS: Rs 20 Cr

Mumbai Indians
FRANCHISE FEE: Rs 448 Cr

REVENUES: 70
BCCI, SET MAX: 35
TEAM SPONSORS: 18
GATE RECEIPTS: 17

EXPENSES: 91
FRANCHISE FEE: 45
TEAM: 20
AD, ADMIN: 26




Royal Challengers
FRANCHISE FEE: Rs 446 Cr

REVENUES: 50
BCCI, SET MAX: 35
TEAM SPONSORS: 0*
GATE RECEIPTS: 15

EXPENSES: 95
FRANCHISE FEE: 48
TEAM: 22
AD, ADMIN: 25
NET LOSS: Rs 45 Cr

Read more: IPL 1st season closurerofit and Loss!

Where is the amount paid by bookies; to fulfill my superbia

 

[SSGPA1]

It is all starting to come out

Soon matchfixing details will also follow insha-Allah


***************************************************



WSG India head breaks down, admits payoff by MSM

MUMBAI/NEW DELHI: In the first breakthrough in the widening investigation into alleged corruption in the IPL business, World Sports Group (WSG) has admitted it received Rs 125 crore from Multi Screen Media (MSM) after the latter was awarded the IPL broadcast rights.

WSG has also acknowledged that the money given to it went out to other beneficiaries, some of whom, investigators suspect, could have ‘‘political links’’.

Sources said WSG India head Venu Nair broke down during interrogation by I-T sleuths, admitting that the deal had taken place. The ‘‘admission’’ can boost the efforts of investigators to get Sony World, the parent concern of MSM, to acknowledge in court having to pay “facilitation fee” to WSG to re-acquire the broadcast rights.

Investigators are working on the assumption that being a company that is listed in the US — which has stringent laws forbidding use of bribes — Sony World would find it difficult to refuse to cooperate with Indian agencies.
Investigations into the trail of flow of ‘facilitation fee’ paid by MSM to WSG (Mauritius) have now led income tax authorities to British Virgin Islands, a tax haven.

The money was apparently transferred to the personal holding account of Seamus O’Brien, the founder of WSG, and not into the company’s account. However, the company fronting this transaction goes by the name ‘Park House Holding’.
The company is registered in the British Virgin Islands and senior income tax officials said the money was transferred into O’Brien’s account because WSG Mauritius was asked to do so. In Wednesday’s raid, I-T officials had come across evidence linking payments made in Singapore. The money then went through layers of transactions before reaching BVI.

A senior income tax official familiar with the investigations said, ‘‘WSG is only a conduit for routing the money back to IPL management through investments in various business concerns. The payment is for rights which arise out of India and for a contract signed in India and yet, no tax on these payments has been paid in India”.

WSG India head breaks down, admits payoff by MSM - India - The Times of India

 

[MZUBAIR]

How IPL Franchisees can earn Profit?

If you are wondering why this much amount of money is poured by franchisees in IPL and from where they are going to get that money back, you are not alone. Even James Sutherland, Chief, Cricket Australia has raised the same doubts that, will IPL be able to get a same response (from franchisees) in future as well, as he sees very slim chances of franchisees earning considerable profit from IPL. His concerns are genuine and can not be ruled out. There are lot of issues. As all countries cricket schedule already full packed for years to come, its very difficult for international players to play in IPL. He has already stated that in the next year there is practically no chance for Australian players to play in IPL as they are very busy during the season IPL is scheduled.

At the same time Ambanis (owner of Mumbai Indians), Wadias (owner of Punjab Kings XI), Mallyas (owner of Bangalore Royal Challengers), Shahrukh Khan (owner of Kolkata Knight Riders) and for that matter any of the rest of four franchisees are not fools. They must have done their own calculations. It is estimated that every franchisee can break even in the second year. Some franchisees can even start making profit in the first year itself.

IPL Chairman Lalit Modi clarified how franchisees can earn profit in IPL. Team owners get 80% of broadcast revenues, 60% of sponsorship revenues, 100% of team sponsorship revenues, 80% of ticket revenues, 87.5% of all merchandising revenues, and 100% of all hospitality revenues.


credit:anurag patil

I think there is much corruption going on in IPL

 

[MZUBAIR]

Looks serious corruption.....

 

[MZUBAIR]

India IPL chief Lalit Modi probed over corruption

Investigators have questioned the chief of the Indian Premier League (IPL) over allegations of corruption linked to the lucrative cricket tournament.

Reports say tax and foreign exchange officials interrogated Lalit Modi for hours - he denies any wrongdoing.

Separately, government investigations continued into the teams, sponsors, broadcasters and event managers associated with the event.

The IPL features some of the world's top cricketers.

Tax officials have already searched the offices of IPL teams Kolkata Knight Riders, Chennai Super Kings, Deccan Chargers in Delhi, Kings XI in Chandigarh and the yet unnamed team owned by Sahara.

Correspondents say the allegations of sleaze, illegal betting, favouritism and money laundering have gripped the nation in recent days.

The BBC's Soutik Biswas in Delhi says this is the worst crisis in Indian cricket since the match-fixing scandal involving senior national players in 2000.

Cricket board conflict

Separately Mr Modi has also questioned the right of the Board of Control for Cricket in India (BCCI) - which also runs the IPL- to convene a meeting on Monday where, according to reports, a number of a members may ask him to step down.

But there have been questions about the impartiality of the board.

India's Sports Minister MS Gill said there was a question of conflict of interest for certain people who have interests in both the BCCI and the IPL: one selector is a brand ambassador for an IPL team, while another board member owns an IPL team.

"You can't be regulator, controller, owner of the team you are creating," Mr Gill said.

He said the government was giving tax concessions to the IPL and providing security for the matches.

"You have to charge from people benefiting commercially," he said.

The allegations were sparked off by a row between the IPL commissioner, Lalit Modi, and a government minister, Shashi Tharoor, over the ownership of a new IPL franchise.

Mr Tharoor was forced to resign after Mr Modi revealed that a close female friend of the minister was one of the stakeholders of the team for Kochi Mr Tharoor helped to set up.

Mr Tharoor denies any wrongdoing.

The IPL has become a multi-billion dollar industry, which attracts some of India's wealthiest businessmen and women.