Jim Yardley in the New York Times gives an outsider's perspective of the IPL mess and tries to piece together opinions from reputed observers to understand what it means for cricket and India.
Dhiraj Nayyar, a senior editor at The Financial Express, said the cricket scandal was best understood in the context of India s economic evolution. When India s stock exchange took off in the late 1980s and early 1990s, scandals erupted over market manipulation until regulatory structures were strengthened. Today, the same absence of transparency and regulation exists in cricket.
The IPL is a curious creature that combines the best and worst of Indian capitalism - fabulous enterprise and outcomes on the one side, riddled with cronyism, patronage and power politics on the other, Mr. Nayyar wrote recently. In many ways the IPL is a confirmation of what India really is: an emerging economy.