IPL's News

[Desi Cartman]

Bangalore Bail-out

:hysterical:

[CoverDrive]

Don't worry Mallya will ensure they are paid well in "kind"

[Old guy]

Bangalore Bail-out

:hysterical::hysterical::hysterical::hysterical::hysterical:

[Executioner]

Bangalore Techies (the IT capital) Bangalore Wizards (we have a tradition of great spinners like Pras, Chandra, Kumble) Bangalore Greens (for the garden city greenery) Bangalore Brainies (for the intellectual capital including IISc, CV Raman, Viswesharaiah, and the tech capital) Bangalore Brews (for the pub culture) Bangalore Bloomers (garden city flowers) Sandalwoods Bangalore Bangalore Yakshas (yakshagana is the folk art form in Karnataka) Silicon Sliders Bangalore (tech stuff) I am sure we can think of more apt names

that wud be an awesome name for a particular team

[TheWall]

No probs.. RCB will be back by next season... Mallya will sell his UB city for the sake of RCB.. :)

[Guest]

As long as they pay Gayle everything is fine....i am happy if Tiwary and Pujara dont get any money :winky:

[Old guy]

As long as they pay Gayle everything is fine....i am happy if Tiwary and Pujara dont get any money :winky:

pune is gonna buy gayle

[Guest]

pune is gonna buy gayle

And make him sit in bench while master blaster Dadajee opens innings :phehehe:

[Old guy]

And make him sit in bench while master blaster Dadajee opens innings :phehehe:

why? we are already benching gr8 tamim :hehe: dada is gone dont worry abt him :)

[velu]

As long as they pay Gayle everything is fine....i am happy if Tiwary and Pujara dont get any money :winky:

Cant count how many times Gayle bailed out :rcb: :hehe:

[Guest]

Cant count how many times Gayle bailed out :rcb: :hehe:

:rcb:

[saneindian]

IPL non payment to players and coaching staff Some shocking details. Highly unprofessional and irresponsible from these franchises. Will the BCCI act against them and ensure ?

During the IPL auctions, fans get the impression that players make easy money by playing in this tournaments for just few weeks. However, the reality is quite different. Apart from Mumbai Indians and Chennai Super Kings, most of the franchises have earned negative reputations as far as the payments of the players are concerned in recent times. Until Thursday, it was thought that only Royal Challengers Bangalore were guilty of delaying the payments of the players. However, the IBN network probed further on this issue and found that not just RCB, but Deccan Chargers too have not paid their players. And the players concerned are not only foreigners, but also Indians. So far, players have got just 15 percent of the contract money. The chief of the South African Cricketers Association (SACA), Tony Irish, is obviously worried for its members. Ÿhen players donÃÕ get paid, itÃÔ always a concern. There are five players from South Africa that, as of now, we know have not been paid by RCB and Deccan Chargers. Besides AB [de Villiers] and [Dale] Steyn, the likes of [JP] Duminy and [Juan] Theron are also in this list. We are in the process of collecting more information but at this stage not sure what process needs to be followed," says Irish. Another South African coach, Ray Jennings, who has been part of the RCB set-up for the past couple of years believes that it is not ideal but plays down the issue. "Over the years, there have not been any problems regarding the payments. I have not got the money of this season but am in touch with the management. "Obviously, the negative news doesnÃÕ help anyone. But RCB has a good value system and they will resolve all the issues. I have full faith in them. Being part of RCB you have good faith and I am waiting for their answers, says Jennings. Many players and agents are unwilling to come on record for obvious reasons, but they are a worried lot. There are stories of some players not getting their due from IPL 3. Some of the international captains had to write over 500 emails to get their payments and that too after the usual delay of more than six months. Some players had to pay for fine (for slow over rates) and they thought it was absurd. The mushrooming of various IPLËÔtyle Twenty20 leagues may give the impression that players have a lot to choose from. But the recent incidents in the Bangladesh Premier League are a sign that bigger boards like the BCCI should not ignore. Ŧverybody has to understand that negative news puts risk on the tournament. ItÃÔ the responsibility of all the parties to keep the image of the IPL clean both on and off the field," cautions Jennings. The Big Bash League in Australia and EnglandÃÔ domestic Twenty20 competition may never rival the IPL in terms of money and hype, but they have set a very high benchmark as far as professional running of this business is concerned. Even in the sub-continent the Sri Lankan Premier League is showing the way to its big brother. They may not be paying big money but the introduction of a bank guarantees clause has ensured players will not feel cheated if franchises doesnÃÕ pay up on time. Irish understands that the nature of contracts in the IPL doesnÃÕ directly bring the BCCI in question. However, he conceded that after all it is the BCCIÃÔ baby. Ūn IPL, a contract is between players and the franchise. But it does affect the brand IPL (when such issues come to notice) and I hope they can do something on this. Although Prakash Mirpuri, Vijay Mallya's PRO, could not add further beyond his one line response - "Noted. Let me check please. I will need some time as the concerned executive at RCB is overseas - it was astonishing to note that the usually chirpy-on-Twitter Siddhartha Mallya remained quite on this issue. One can only hope what Jennings is hoping. "I am positive that this issue will be sorted out. As long as our heart is in the right place and we all have good people in the IPL and RCB, this will be over. We just need to communicate better," Jennings said.

http://cricketnext.in.com/live/news/ipl-nonpayment-deccan-players-also-waiting/66845-13.html

[Guest]

RCB dues mainly because of King fishers total loss other wise i dont think Vijay Mallya is not the sort of guy who miss paying people as for Deccan is concerned owners really dont care about team..they are trying to sell team from long time ..may be they pay once team sold but yes this is totally unprofessional way to conduct a a Top leaugue....

[IKnowU]

The bank guarantees ensure the players are insured incase any of the teams decide to do a runner. (Kochi Tuskers :hehe:)

[velu]

Deccan Chargers put on the block for 1500 crores

Hyderabad-based publisher Deccan Chronicle Holdings has put a reserve price valuation of R1,500 crore, nearly three times its original acquisition cost, to sell its Indian Premier League cricket team Deccan Chargers (DCL), led by Sri Lankan captain Kumar Sangakkara, a person with direct knowledge of the development said. The Reddys, who own 80% of DCL, will use the money to repay lenders, the person said. The firm purchased the team in 2008 for $107 million (roughly R590 crore) jointly with Group M, the media arm of the world's largest advertising firm WPP, which owns a 20% stake. Investment bank Religare Capital Markets and consultant KPMG India are advisors to the sale. Deccan Chronicle, which publishes Deccan Chronicle and Financial Chronicle dailies from southern India, had defaulted payments to its lenders Life Insurance Corporation of India, the country's largest insurer by premium, and IFCI, United India Insurance and non-banking financial company Royal Sundaram, among others. The company owns close to R1,200 crore to its lenders. Deccan Chronicle chairman T Venkattram Reddy, also the owner of Deccan Chargers, did not respond to calls. In January 2011, Deccan Chronicle merged its wholly-owned subsidiary Deccan Chargers Sporting Ventures, which owned stake in the cricket team, with itself.

SRC If the valuations are fair , then its a good news for mallya and DDDD. :winky: RCB might worth 2000++ crores and mallya might spend it for closing his kfa debts. :blink:

[Ultimate_Game]

Don't think the valuation is correct. I would be very surprised if anyone puts in an offer close to that price. I wonder whether these valuations take into account that the league (IPL) is only a 6 week league at max and there's no way you can reap too much profit in that short time, and the valuation have to reflect the same. It's not as if IPL is similar to NBA, MLB, NFL, EPL, NHL etc. which goes on for 5-6 months. You will need to have IPL for at least 4 months for these valuations to make sense.

[Crookbond]

Don't think the valuation is correct. I would be very surprised if anyone puts in an offer close to that price. I wonder whether these valuations take into account that the league (IPL) is only a 6 week league at max and there's no way you can reap too much profit in that short time' date=' and the valuation have to reflect the same. It's not as if IPL is similar to NBA, MLB, NFL, EPL, NHL etc. which goes on for 5-6 months. You will need to have IPL for at least 4 months for these valuations to make sense.[/quote'] It's important to note that Pune Warriors were bought at 1900 Crores in 2011.

[Ultimate_Game]

It's important to note that Pune Warriors were bought at 1900 Crores in 2011.

That was at the peak with India winning the WC etc. Even then I fail to understand how a franchise can hope to recover the initial capital as it will make them ages to do so! For a league that exists for just 6 weeks and has no visibility the rest of the year these numbers are simply not sustainable. Maybe the franchise owners know something we don't, i.e. BCCI is planning to make IPL a 3-4 month long event.

[Crookbond]

That was at the peak with India winning the WC etc. Even then I fail to understand how a franchise can hope to recover the initial capital as it will make them ages to do so! For a league that exists for just 6 weeks and has no visibility the rest of the year these numbers are simply not sustainable. Maybe the franchise owners know something we don't' date= i.e. BCCI is planning to make IPL a 3-4 month long event.

I think to put it in perspective we need to compare the number of "games" IPL teams play against a NBA, NFL etc. Any idea?

[Ultimate_Game]

I think to put it in perspective we need to compare the number of "games" IPL teams play against a NBA' date=' NFL etc. Any idea?[/quote'] NFL - 4 pre-season games (1 every week) + 16 regular season (1 every week + bye week) + 3 or 4 playoffs (every week) and free week before superbowl where they play Pro-Bowl MLB - Pre-season games + 162 regular season games + playoffs NHL - Pre-season games + 82 games + playoffs NBA - Pre-season games + 82 games + playoffs EPL - 38 games + other tourneys such as FA Cup + Champions League etc. Actual no. of games played by top clubs is actually closer to 50-60 or thereabouts. Plus they have pre-season games and tours where they travel to different countries and play exhibition games. And all these seasons last for 5-6 months. As for IPL the closest comparison is MLB as a baseball game comes closest to a T20 game for duration. Currently IPL teams play just 16 games + 2 playoffs and hardly any preseason games. That's actually less than 10% of the games played by a MLB club!