BCCI

“They spend two years investigating and restructuring everything, and then in 2015, they announce all their verdicts. They force N. Srinivasan to step down for the BCCI. They restructure the BCCI. They suspend the two teams that had been spot fixing, the Royals…”

“So Nike comes in and wins at fifty-two million Dollars a year.”

“There's a legal battle between the BCCI and this legendary leader of the BCCI, Dalmaya, And he goes to war against the national state broadcaster, Dardarshan, and the outcome of this legal battle is, yes, even the Indian government, the state broadcaster, has …”

“Anyway, this I think is known at the time, one of the other board members of the BCCI who would soon become the chairman of the BCCI, a gentleman named N. Srinivasan, who also is an industrialist who owns the Indian Cements Company, He buys the Chennai Super K…”

“The BCCI's responsibility is not really a profit maximizing organization. It's kind of a regulatory body. It's not the government, but they're tasked with developing the sport of cricket and in particular cricket in India, ensuring that the sport has longevity…”

“The BCCI has cornered resource access to the best talent in the world. Because they have all the money, and they have the Indian fans who care about watching the best Indian players, and they have essentially veto right over the best Indian players playing any…”

“And in 2013, the BCCI bars him from India cricket for life. I mean, this thing that he, like, willed into existence, that he created billions of dollars of value for all these other people, he has been barred from.”

“The BCCI immediately says any players who sign up for the Indian Cricket League are banned for life from playing for India nationally or any other domestic tournaments. This includes if you are a young player who had never even played for the Indian national t…”

“So, minimum reserve auction price for the franchise auction is fifty million dollars per franchise, which would be paid over 10 years, four hundred million dollars for the collective eight franchises. They end up selling for seven hundred and twenty-four milli…”

“One year into the deal, there's something that passes called the sports broadcasting bill, and this requires broadcasters to share feeds in real time, like live feeds, without ads, Directly back to the state-owned broadcast channel.”

“Nimbus ends up winning the auction with a six hundred and twenty million dollar bid for four years.”

“Right now, none of the individual teams, franchises themselves in the IPL are doing that. They are starting, but mostly that work falls on the BCCI.”

“He's created the single biggest pool of money anywhere around the globe in cricket as a sport. I mean, this is Way more money that we're talking about here than England or Australia or the West Indies or Sri Lanka, New Zealand, you know, the other cricket play…”

“So, when this massive escalation happens in 2005, I believe this is correct, overnight, this becomes the highest paid jersey logo deal of any sport on the entire planet.”

“We're looking at something today, like sixty six million coming from a central pool and only like four ish million coming from tickets. This is a TV product.”

“The BCCI retains 50% of the central pool revenue, which eventually gets huge.”