BCCI re-negotiates deal, to pay IMG Rs 6 crore less

[Sachinism]

Can anyone explain what is going on there? Me no understand (

[kabira]

IMG was the company that worked with Modi and Co. on hte concept and they delivered world class product for 2 consecutive years. BCCI thinks that they can now handle entier thing on their own and not to pay them the fees. So they said F** off to IMG. IPL had 10 year contract with IMG. Modi does not like it, Franchises except Chennai do not like it. Pawar also did not like it. IMG may drag IPL to the court or something and this can go on and on and we wil never have IPL3 until this is sorted out.

[Sachinism]

^^ Thanks dude. What exactly is it that IMG do?

[kabira]

http://www.imgworld.com/event_management/default.sps

[jf1gp_1]

^^ Thanks dude. What exactly is it that IMG do?

they were the ones who were responsible for the 4hr long cultural program between the final ball bowled in IPL2 and winners trophy being handed over

[kabira]

^yes and lot of other things. Basically they managed entire event.

[hitman1980]

Ya I guess IMG will stay for now cos pawar is intervening in this matter ...

[Don]

Basically because IMG does all the management quite efficiently and professionally in the cashrich IPL, the BCCI's ******* babu's cant make their cuts in various things. So if the IMG was out of the way and BCCI had complete control over IPL .......tarah they can make as Andy Dusfrene says in Shawshank "He's got scams you haven't dreamed of. Kickbacks on his kickbacks. There's a river of dirty money flowing through this place."

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BCCI-IMG : A corporate twist to power struggle in BCCI The seeds of discord that could have far reaching and even debilitating consequences for India’s cricket administration were sown the day it opened itself out to the corporate world, writes Pradeep Magazine. More... A corporate twist to power struggle in BCCI Pradeep Magazine September 04, 2009 First Published: 23:59 IST(4/9/2009) Last Updated: 00:05 IST(5/9/2009) The seeds of discord that could have far reaching and even debilitating consequences for India’s cricket administration were sown the day it opened itself out to the corporate world. When business tycoons and film stars, playing the role of oligarchic czars, bought players at the sound of a hammer, cricket had thrown itself open to new challenges which could redefine the rules of the game. The same administrators, whose eyes popped out at the sight of millions being bid to buy and sell talent and were clenching their fists in glee at their bulging bank balance, may soon find themselves marginalized. The Board of Control for Cricket in India was so far an odd assortment of petty clerks, bureaucrats, an odd businessman and politicians. They fought with each other to gain control over a body in order to use the popularity of the game to stay in public eye and further their personal prospects, but closed ranks at any threat of being usurped by outsiders. The winds of change — for good or bad — sweeping the world, with India too not lagging far behind, had left this archaic body untouched till the lure of multiplying their profits became too difficult to resist. Whatever one may accuse Lalit Modi of, and what ever your opinion of the IPL concept may be, you can’t deny him credit for transforming a laidback, and status quo set-up into a dynamic, functional body by executing successfully what many thought would be impossible. The sweep and impact of IPL is already threatening the old traditional cricket world. India is the country, which for the first time, is not following others but forcing them to respond to the new difficult challenges thrown up by this systematic change in the structure of the game. This creation of a new order has also created turmoil of sorts in the Board. It is suddenly finding itself being confronted with a new reality where those who are spending money are now demanding their pound of flesh. For the first time, corporate houses have publicly forced the Board to have a rethink on their decision of terminating its contract with an event management company. Many allege Modi’s hand in rallying franchisees behind IMG as the annulling of this contract would be seen as a defeat and marginalizing of Modi and the coronation of N Srinivasan as the ruler of the Board. Modi has already lost the first round by being voted out in his home turf of Rajasthan. His rivals, unhappy not only at his ‘brash, autocratic’ functioning but also his ‘self promotional’ exercise in building himself as the face of this revolutionary change, are out to clip his wings. Srinivasan himself has not been above board, being an IPL team owner (Chennai Super Kings is owned by India Cements, of which he is a Managing Director), which is in direct conflict with his role as the Board secretary. There have been reports in the media alleging that even Modi is a surrogate owner of at least a couple of IPL teams, a charge which he denies. This subtext of an intriguing plot which was bound to go awry for the traditionalists in the Board once they decided to play the game of the corporate world, does not augur well for the future. What good can one expect from a bitter fight when at the heart of the matter is greed and lust for power and the rules of the game can be twisted to suit the needs of the ‘stake holders’?

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Personality clash in IPL administration : Harsha Bhogle But if Modi and Srinivasan are on a collision course, it shows up a familiar weakness in the Indian business and administrative environment. More... Time to move away from personality cults Thursday 3rd September 2009 Two fine administrators stand arrayed against each other and in doing so they weaken an event whose success they have contributed much to. The IPL is one of India's best brands, even for one so young, and you can see its importance by the fact that it is blamed for many ills elsewhere! But for all its success, the IPL is still on a learning curve, it still needs many strong hands on its shoulders and it can ill-afford a tug of war. Both Lalit Modi and N Srinivasan have much to benefit, as indeed does the BCCI, in a strong IPL. But if Modi and Srinivasan are on a collision course, it shows up a familiar weakness in the Indian business and administrative environment. As a nation, we run on personalities not systems, on charisma not content, and that is why we build such few strong institutions. A fine municipal commissioner or, a rarer commodity, a good member of parliament, can make a huge difference but as soon as they are gone, either due to bureaucratic or electoral fickleness, their effectiveness tends to go with them; normal service is resumed, chaos reigns. That is largely because we are a nation of individuals who believe systems are for everybody else. But if the IPL wants to be equally successful, be just as strong a property, 20 years from now, it will have to learn to live without Lalit Modi at some time as indeed will India Cements have to learn to live without Srinivasan. I suspect you will find that most great institutions are established by visionaries, it is their passion that takes them through the early years of acceptance and frustration. But thereafter, institutions run themselves, built as they are on strong foundation. You can see that at IIM-Ahmedabad, where the great Vikram Sarabhai was the visionary. It is as powerful 45 years later. Infosys is headed that way, with Narayana Murthy and Nandan Nilekani slowly stepping aside. The IPL has a visionary in Lalit Modi, but if it wants to compete with Wimbledon or the English FA or the Augusta Masters, it must create strong systems and ease away from personality cults. Modi and Srinivasan cannot oppose each other! I fear we are also seeing the appearance of another challenge before the IPL. For it to become stronger, the IPL must seek out strong franchises because eventually it is they who will popularise the sport in their territories. Well-run franchises will produce strong teams and strong teams will produce a really competitive league. That will in course of time become the lifeline of the IPL; 8 or 10 or 12 professionally-run franchises. That is why I am a bit concerned at all the attention being bestowed on film stars hoping to buy franchises. I am not saying that film stars cannot run them but I would be wary of my sport being looked at as a plaything. In the end, the IPL is a serious cricket event and that is the only way it can survive. If the IPL allows itself to be seen as a glamour toy, it gets into the public consciousness for all the wrong reasons. Movie stars have always attended big sporting encounters, they add a little something to the event, but they are not the main course. In their movies they are, but at a big sports event, they aren't. I fear sometimes that the IPL gets a little too consumed by who is coming to watch it and I hope that doesn't extend to who is going to buy its franchises. A Salman Khan versus Shahrukh Khan story is fine for the entertainment or news channels (have you noticed how often we club the two together!) but I am not sure that is how we want to promote a cricket match. It has to be Mumbai Indians vs Royal Challengers Bengaluru not Mukesh Ambani vs Vijay Mallya. The IPL will do well to look at two big franchise owners when the time comes next year; people who can promote the sport and make it stronger. Hopefully by then this skirmish will have blown over and the IPL will be talked about for all the right reasons. Lalit Modi has done a brilliant job so far and so has Srinivasan by putting together a really strong franchise. The IPL owes them both a great deal but their eventual success will lie in making the IPL bigger than either of them.

[Sachinism]

Thank you Harsha.

[newmanthepunter]

Harsha!!! a wannabe modi?

[someone]

Its very weird Sometimes we all say we need to be like football some global sports and the game needs to be changed And when that happens, we hear the same people usually making comments how the "original" cricket is going away?

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BCCI re-negotiates deal, to pay IMG Rs 6 crore less BCCI has renegotiated its deal with the event management firm IMG, putting an end to the bitter dispute between the two parties. More... BCCI re-negotiates deal, to pay IMG Rs 6 crore less Agencies Posted: Sep 24, 2009 at 1555 hrs IST Mumbai: The Cricket Board has renegotiated its deal with the event management firm IMG, putting an end to the bitter dispute between the two parties which had thrown the high-profile Indian Premier League in jeopardy. IMG will now be paid Rs 27 crore, a reduction of Rs 6 crore from the stipulated amount, for their services in managing the Indian Premier league, a top BCCI source said. The decision to retain the services of IMG was ratified at the 80th Annual General Meeting of the BCCI here which had a 13-point agenda, including clearing the IPL-II accounts. The expenditure for the IPL, shifted to South Africa because of general elections, included a bill of Rs 33 crore to be paid to IMG. This had not gone down well with the members of the all-powerful Working Committee. A resultant termination letter sent to the IMG by secretary N Srinivasan brought in a wave of protest letters from seven franchises and former president Sharad Pawar. The development was seen as a tug-of-war between BCCI heavyweights Srinivasan, also owner of the IPL team Chennai Super Kings, and Lalit Modi, the chairman of IPL and a vice president of the Board. The controversy halted, at least temporarily, when IPL Governing Council vested BCCI President Shashank Manohar with the powers to deal with the matter and report to the AGM.