In the Times of India, Harsh Goenka provides a comprehensive analysis that traces the IPL's problems to its fundamental flaw - massively inflated financial valuations.
The financial valuation range based on these lies somewhere between $83 million and $133 million (Rs 370 crore and Rs 600 crore), a far cry from the $370 million (Rs 1,665 crore) bid the Pune team finally attracted. However, I do have use with this number. It can be argued that there is significant value appreciation to the parent s brand. But whichever way you look at it, apart from UB group no other corporate owner is extracting significant branding. Reliance is not the face of Mumbai Indians.