Rajasthan Royals, every mention
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every year anyone David Rosenthal 19Michael Lewis 1Ben Gilbert 1
Verbatim, from the transcripts: the passages where Rajasthan Royals comes up
10 Years of Acquired (with Michael Lewis) · Acquired
- ▶ 1:40:27 Michael Lewis I'm a, I'm a partial owner of the Rajasthan Royals.
- ▶ 1:40:31 Ben Gilbert I have a Royals jersey.
Indian Premier League Cricket (Audio) · Acquired
- ▶ 1:28:13 David Rosenthal So there's a quote from Manoj Badali, who is the principal owner of the Rajasthan Royals, and wrote a book about his experience.
- ▶ 2:10:52 David Rosenthal The Rajasthan Royals who have the lowest salary, they actually don't hit the minimum salary and they get fined by Lalit.
- ▶ 2:11:08 David Rosenthal The Royals don't even hit 3.3 million.
- ▶ 2:11:10 David Rosenthal They're so cheap.
- ▶ 2:11:12 David Rosenthal They were the cheapest franchise that was sold at the franchise auction too.
- ▶ 2:11:16 David Rosenthal So they get penalized by the league.
- ▶ 2:11:17 David Rosenthal They end up winning the championship, because they come into the auction with better analytics than everyone else.
- ▶ 2:22:51 David Rosenthal The cheapest franchise, as we said, is the Rajasthan Royals, which is bought by a UK investor consortium led by Manoj Badali, who's actually lives in the UK, in London, for sixty-seven million dollars, so roughly half the price of the…
- ▶ 2:24:39 David Rosenthal So the Rajasthan Royals, despite being the cheapos, they bring better analytics than anyone else to the auction.
- ▶ 2:24:45 David Rosenthal They win the championship in the first year.
- ▶ 2:24:47 David Rosenthal Now, we should also point out that they have not won a championship since then in the subsequent 16 iterations of the IPL season, but
- ▶ 2:29:42 David Rosenthal Is won in the last ball by the underdog Rajasthan Royals, the cheapos, in dramatic fashion.
- ▶ 2:33:06 David Rosenthal There's a great passage in Minoj Badali, the principal owner of the Royals' book,
- ▶ 2:49:14 David Rosenthal Well, that very same season in 2013, the Indian police run a sting operation and bust members of two teams in the IPL, the Rajasthan Royals and the Chennai Super Kings owned by N.
- ▶ 2:51:21 David Rosenthal They suspend the two teams that had been spot fixing, the Royals and the Chennai Super Kings, for two seasons.
- ▶ 2:51:30 David Rosenthal For two seasons by temporary franchises based in Pune and Rajakot, and then the court institutes a whole new clean slate set of reforms and governance, and I've been referring a couple times to Manoj Badali and the book he wrote in New…
- ▶ 3:07:19 David Rosenthal Also in twenty-twenty-one, Redbird, which is a U.S.-New York City-based sports-focused private equity firm, they invest in the Rajasthan Royals.
- ▶ 3:07:29 David Rosenthal So we've come so far here that the Rajasthan Royals, the cheapo franchise in the beginning, had the original foreign direct investment from
- ▶ 3:59:31 David Rosenthal Dream 11 has two hundred million users and is valued at eight billion dollars, and Redbird, the big sports private equity firm in New York that's an investor in the Rajasthan Royals, they're also a big investor in Dream 11.