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Indian Premier League
$225m base price for two new IPL franchises
Nagraj Gollapudi
December 17, 2009
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News : BCCI president wanted franchise tender postponed
News : IPL defers unveiling new franchises to March 21 News : Two new franchises to be unveiled on Sunday News : New IPL franchises to be revealed on March 7 News : Modi gets Manohar's backing for IPL post Players/Officials:
Lalit Modi
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The IPL will include two more teams from the 2011 season and will auction the franchise rights at a base price of $225 million, the league's commissioner Lalit Modi announced on Thursday. That figure - double of what the most expensive franchise was sold for in 2008 and more than four times the base price in that first auction - is, in an uncertain market, a sign of the league's confidence in itself and the Twenty20 format.
That valuation is all the more surprising given that the franchises will almost certainly be based in relatively small markets - the metros and bigger cities already have teams. The favourites to be host cities for the two teams are Ahmedabad and Lucknow.
However, signs of the IPL's growing net worth were evident in February when Rajasthan Royals, the then IPL champions, sold a 11.7% stake in their franchise for approximately US$15.4 million. That put the valuation of the franchise at around $140m, more than double the $67m paid for it a year previously.
The league's expansion will see a much longer fixture list - 94 games as opposed to 59 in the first two seasons if the format remains the same - and accommodating it in the 45-day window without compromising players' fitness, and keeping the international calendar in mind, will be a challenge.
Modi's announcement followed a meeting of the IPL's governing council at the BCCI headquarters in Mumbai that was also attended by board president Shashank Manohar and secretary N Srinivasan.
He announced details of next season's league, which will begin on March 12 in Hyderabad - home to the current champions, the Deccan Chargers - with the final and the third place play-off on April 25 at the D Y Patil Stadium in Navi Mumbai. The semi-finals will be held in Bangalore.
Another important decision taken today was to remove the two-player cap on centrally contracted Australian players in each IPL team. The cap had been in response to Cricket Australia's concern of an exodus from its pool of contracted players when the league started.
Modi also said he had received requests from 12 Pakistan players to be part of the auction for the third IPL on January 19. Each team has been allotted $750,000 to make new signings at that auction.
The player auction for the fourth IPL will take place after the Champions League in the third or fourth quarter of 2010. The process for the players would be on the same lines as during the inaugural edition but said only "certain" players would be bid without going into much details. "The current franchises would be allowed to keep a certain number of players, the modalities are being worked out."
Nagraj Gollapudi is an assistant editor at Cricinfo
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© ESPN EMEA Ltd.
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it is an overdose of matches................. IPL has lost its interest among the people.. 2 more teams is a stupid idea ............
Posted by nandeshwar on (December 22 2009, 08:13 AM GMT)why not including Nagpur Team in IPL
Posted by idontknowidontcare on (December 19 2009, 03:00 AM GMT)@ Kannamma: No that would make it pathetic. If 4 teams out of 5 qualify for the next round, the quality of the games automatically goes down. Once a team wins 2 matches, they tend to relax. I don't mind it by the way. It would hasten the demise of T20, so that's OK. I really wonder what is the need to have a semi-final, final, etc.? Just have the league matches, and whoever is at the top of the table is the winner, as it is in all European football leagues. That way, the winner is determined based on consistent performance over a number of matches, and not through a couple of games, like it happened last time.
Posted by ceevi on (December 18 2009, 22:27 PM GMT)I think many people still don't realise the hidden dream or plan of Mr. Modi or BCCI, they are going on the lines of NBA, MLB, NFL in US. Their plan is to make as much money as they can out of T20 through IPL (city vs city) making it much bigger like NBA and more important than the international cricket. They give a damn about international country vs country format. This is what is going to happen in the next 10 years in the name of professionalism (leagueism) which is more attractive in many ways than patriotism for the players. The lure for dollars will test the patriotism of players as we have already seen many pre-mature retirements from test cricket in the last 2 years. There is a price for everyone and everything has its price will hold true. Wait and watch the fun and drama unfold in the next 5-10 years, BCCI will give the indian soaps a run for their money. It may little bit lose its initial hype but the T20 baby is definitely here to stay and grow healthy and wealthy.
Posted by ccriccfan on (December 18 2009, 17:41 PM GMT)Modi is all after cash. Thats all he can think of. This IPL thing is boring as hell and has not provided any meaningful contribution to cricket except making some cricket players super stars and filthy rich over night.
Posted by sachin150 on (December 18 2009, 07:42 AM GMT)The simplest solution would be to have each franchise play with the others only once, so it ll be 45 matches+ 2 semis or may be a best of 3 finals if they think the matches wont be sufficient, so that way it can be only 50 matches which will be closer to the present format
Posted by Kannamma on (December 18 2009, 07:16 AM GMT)Ref my earlier comments. Let me elaborate. Divide the 10 teams into two groups of 5 each, playing each other on a league basis twice on a home and away basis. This will work out to 40 matches. Then have the top 8 teams playing quarter-finals, semi-finals and a final on a knockout basis. That will work out to 7 matches. Which means a grand total of 47 matches. This will be even lesser than the previous tournament of 59 matches and it will be meaningful and take a marginally lesser time and we can fight for a window in the ICC Calender.
Posted by manasvi_lingam on (December 18 2009, 07:15 AM GMT)It will definitely be overkill. The previous IPL, once the novelty had worn off was highly boring. With 94 games, Modi might very well achieve what many cricket purists long for - the death of T20 cricket. The public will probably get so bored that they'll turn back to Tests and ODIs.
Posted by pooler on (December 18 2009, 06:50 AM GMT)94 match would be overkill, if not maybe for the spectators but most definitely for the players, maybe they should divide them into two groups and then have a super 4 with the two top teams going into the final, otherwise we can expect even more early "retirements" from int. players to accomodate IPL in their schedule and their fitness abilities !
Posted by vatsy on (December 18 2009, 06:28 AM GMT)completely agree with rusty_nail, Ppl are losing interest since last year.