| From
Tehelka Magazine, Vol 5, Issue 19, Dated May 17, 2008 |
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| BUSINESS
& ECONOMY |
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indian
premier league |
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The Money
Begins To Talk
The cricket may
be within boundary ropes. But outside, it’s a business of perform-or-perish.
No wonder heads have started to roll at IPL, says SHANTANU
GUHA RAY
DELHI
DAREDEVILS
Delhi
OWNER: GMR GROUP
BID: $84 MILLION
CEO: YOGESH SHETTY
KINGS XI PUNJAB
Mohali
OWNER: PREITY ZINTA/
NESS WADIA
BID: $76 MILLION
CEO: NEIL MAXWELL
RAJASTHAN ROYALS
Jaipur
OWNER: EMERGING MEDIA
BID: $67 MILLION
CEO: FRASER CASTELLINO
CHENNAI SUPER KINGS
Chennai
OWNER: INDIA CEMENTS
BID: $91 MILLION
CEO: N. SRINIVASAN
KOLKATA KNIGHT RIDERS
Kolkata
OWNER: SHAH RUKH KHAN/
JUHI & JAY MEHTA
BID: $75.09 MILLION
CEO: JOY BHATTACHARJYA
DECCAN CHARGERS
Hyderabad
OWNER: DECCAN CHRONICLE
BID: $107.01 MILLION
CEO: J. KRISHNAN
MUMBAI INDIANS
Mumbai
OWNER: MUKESH AMBANI
BID: $ 111.9 MILLION
CEO: R. BALACHANDRAN
BANGALORE ROYAL
CHALLENGERS
Bangalore
OWNER: VIJAY MALLYA
BID: $111.6 MILLION
CEO: BRIJESH PATEL |
THE LEAGUING of cricket
has ushered in corporatisation, fabulous salaries and high voltage drama
on the playing fields, but it’s come at a price — punishment for
nonperformance is
swift. Worse, the execution is very, very, public. Midway through the
first Indian Premier League (IPL) season, the first CEO axing has been
effected: liquor baron Vijay Mallya pulled the plug on his Royal Challenger
team boss Charu Sharma, who resigned last week, citing ‘personal reasons’.
With the Challengers
bottoming out the points table, with two wins in seven matches, you didn’t
need rocket science to know what those personal reasons were. Coach
Venkatesh Prasad (also
Team India’s bowling coach) could also face the axe.Hours
before the firing, Sharma called his counterpart in Kolkata, Joy Bhattacharjya,
and asked whether he was facing tension from Shah Rukh Khan or Jay Mehta.
The Knight Riders, with two wins in six matches, are ahead of Bangalore,
but not by much.
High profile as Sharma’s dismissal was, it wasn’t the
first: a day earlier, Rajasthan Royals CEO Fraser Castellino and vice
chairman Ravi Krishnan fired media manager Anant Vyas, for mishandling
the Shane Warne-Saurav Ganguly spat. Warne, it is reliably learnt, gave
the management a mouthful — and Vyas was shown the door. “Pressures will
always build up in a highvoltage show like this,” Krishnan told TEHELKA.
In Mumbai too, where
defeat has been de riguer, it’s clear from the clarifications that pressure
is being felt. Skipper Sachin Tendulkar denied there was any pressure
from the Reliance group, the owners of the Mumbai franchise. “No, there
is no perform-or-perish pressure from Mukesh Ambani,” he told reporters
in Mumbai. But insiders claim the family — keen to land in a chopper at
the helipad close to the DY Patil stadium to watch a crucial tie against
Rajasthan Royals — was not too happy with the catchline: Duniya Hila Ke
Rakh Denge Indians (Indians will shake the world). In the context of four
defeats in six matches and second-last place in the league so far, it
does seem like overreaching.
For Mallya, who bid
$111.6 million for the Bangalore franchise, living life kingsize is the
norm. Victory in this lifestyle is taken for granted. In the IPL, however,
the Royal Challengers performance has been nothing short of disastrous:
its two wins have come against two of the weakest sides and a potential
win was squandered against Chennai. He’d shot expensive campaigns with
team members, hosted fancy parties and flew film stars in his jet for
matches. After the fifth defeat, Mallya saw red: his diatribe against
the team management at the post match Kingfisher party was extremely public.
Insiders say he was enraged because Sharma had a free hand in selecting
the side and picked too many Test specialists, with little or no T20 experience.
It’s certainly true
that most of the Royal Challengers’ defeats stemmed from poor cricket-related
decisions, not to mention the fact that miscommunication between the players
has often stranded them at the same end. “Cricket will be within the boundary
rope but business will be a part of the game. Anyone who thinks it’s not
business is stupid. But we do not mix things. Sachin and his men play
the game, we handle the business of the game,” says Mumbai Indians spokesperson
Tushar Pania.
But the business of
the game is important — King Khan had refused to perform at Eden Gardens
because of tax issues with the state government that he felt Saurav Ganguly
would be able to sort out. Ganguly failed. Khan relented. IPL match commissioner
Lalit Modi is still trying to underplay the high jinks off field. “A CEO
moving out and a manager removed is not everything of IPL. Separate business
from sports and the line will look much clear,” Modi told TEHELKA.
AS IF the IPL is not
about the business of sport. Franchisee owners know that they own the
team, jerseys and the endorsements. Right now, the Board gets the lion’s
share of ticket sales, jersey sales haven’t skyrocketed, so they are waiting
for the endorsements. “An Arsenal can do without blinking at Arsene Wenger
even if the team loses five matches on the trot because there is a business
model with the team in place, with earnings from stadium seats, merchandise
sales, television rights and endorsements,” says John Dykes, a football
producer with ESPN Star Sports.
IPL teams need to get that businesslike. Until then, owners’
egos might matter more than the money. And so, winning will be everything.
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