Liquor baron Vijay Mallya has recently kicked out CEO of his team Royal Challengers Bangalore (RCB) Charu Sharma.
Mallya purchased Bangalore team franchisee for Rs. 446 Crore and paid Rs. 21.60 Crore for the 14 cricketers. After investing this amount, Mallya is looking for outside sponsorships to lessen his financial burden. But due to weak performance of the team, no one will come forward for the sponsorship, For one season sponsorship, the fund required is in range of 12 - 20 Crore and naturally no one will pay this sum for a weak team.
So will Vijay Mallya loser ? Right.
No wrong.
But he has to wait for more period compared to other owners.
First of all, all the owners have paid the franchisee fee for 10 years. Mallya has paid more as compared to Mohali and Jaipur teams. But as sports and business were blended for the first time in India, there was no price tag for any franchisee or any cricketer.
Second high profile franchisee is owned by Shahrukh Khan with co-promoters Juhi Chawla and her husband Jay Mehta. His team Kolkatta Knight Riders (KKR) has got 6 sponsors and two more sponsors - Airtel and Hyundai are in pipeline. King Khan has utilized his relations with international brands like Tag Heuer, Nokia etc. This is the only team which will hit break-even or may make some profit.
But other teams may incur loss during 2-3 seasons. But the franchisees are optimistic due to the response to IPL. It has created new viewers as women and children.
Most of the corporate houses didn't bid for the franchisee as they were not sure about the success of IPL. Now when the format is accepted all over the world, they are in the queue with money in hands to buy franchisee rights from the owners. Day by day, popularity of IPL will be on rise and franchisee rights can be sold at higher price.
After 3 years, franchisee can sell teams' stake. The team will be valued as per its performance. But few companies are interested in buying the rights.
So after 3 - 4 years, the owners will be earning quite a huge amount. The franchisee fees that they have paid is very negligible. But for earning good profit, performance will be must.
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- When a player comes to bat, he doesn't know which ball will be his last one. A person can never know about his last breath.
- Eleven players try to get out one batsman, opponents are there to make us out of the field.
- Every ball is a challenge to the batsman, if he can recognize the ball, he can play it well. The god gives us an opportunity daily, how to play is in our hands.
- How many times and however the fielders appeal, one can not be out unless the umpire declares him out. The God is umpire and unless he declares one out, opponents can not harm the person.
- Batsman doesn't get runs in his accounts unless he plays the ball. We don't get money / success unless we work hard.
- To get a century, he has to open his account with 1,2,4 or 6 runs. To create a wealth of crore, we have to start with a small amount.
- In cricket, extra runs are there. We get bonus for what we have not aimed.
- Rest day is as we take vacation from our day to day activities.
- After a defeat or victory, players have to play next match. It teaches us that a failure or success is not the last.
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Venue: Motera stadium of Ahmedabad
Teams - India and South Africa
Match Type : Test Match ( 03rd April 2008 - 07th April 2008)
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India had won the toss and decided to bat. On the very first day, in the first inning all the Indian players were out for just 76 runs (including 19 extra, the team made only 57 runs) in 20 overs. And on the same pitch on the same day SA did 223 runs in 64 overs by lost of 4 wickets only. That means pitch was not so bad, but it was mistakes of Indian players. It was a very hot day. 9 players who didn't cross double figure were Jafer, Sehwag, Dravid, Laxman, Ganguli, Kumbale, Harbhajan, R P Singh, Shreesant. Ganguli, Kumbale, R P Singh and Shreesant were out for a duck. Six players missed the ball to get clean bowled, so can't blame umpires.
- It is for the fourth time that SA has out the opponent team below 100 runs.
- 9 players did single digit score and this has happened 7 times before.
- India's first 50, of which 17 runs were extra,came out of 12.5 overs.
- South Africa's first 50 was from 9.4 overs.
- After winning the toss and selecting batting SA all out for 36 runs against Australia in 1932.
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Liquor baron Vijay Mallya has recently kicked out CEO of his team Royal Challengers Bangalore (RCB) Charu Sharma.
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