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INDIAN PREMIERLEAGUE IPL)IN AACCOUNTING PERSPECTIVE
SUMAT SINGHAL
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INTRODUCTION Indian Premier League's origin is quite interesting.
IPL has been launched in response to the rebel IndianCricket League ICL)launched by Zee Group.
It all started when Lalit Modi, the Vice President of theBoard of Cricket Control in India (BCCI) envisioned the
Indian Premier League.
It is created along the lines of club football in Europe,specifically the English Premier League.
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Indian Premier League
Countries:India,SouthAfrica
Administrator:BoardofControlforCricketinIndia(BCCI)
Format:Twenty20
Numberofteams:8
Tournamentformat:Doubleround-robin&Knockout
LaunchIdea:EnglishPremierLeague&
National BasketballLeague
Chairman: Lalit Modi
Official Website :iplt20.com
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IPL (2008) First Season
Period:18thApril1stJune,2008
Victory:RajasthanRoyals(1sttitle)
V/s ChennaiSuperKings(runner)
Mostruns:ShaunMarsh(616)
Mostwickets:SohailTanvir(22)
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ranchisees
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RAJASTHAN ROYALS
Owner : Fraser Castellino(Emerging Media Group)
CEO : Fraser Castellino
Franchise fee : $ 67 million
Captain : Shane Warne Stadium : Sawai Mansingh
Stadium
Coach : Shane Warne
Colours : Blue and Gold
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DELHI DAREDEVILS
Owner : G.M. Rao (GMRHoldings)Franchise fee : $ 84 million
Coach : Gerg Shipperd
Captain : Virender Sehwag
Colours : Black and Red
Stadium : Feroz Shah Kotla
CEO : Yogesh Shetty
Brand Ambassador : AkshayKumar
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MUMBAI INDIANS
Owner : Mukesh Ambani(Reliance IndustriesLimited)
Franchise fee : $ 111.9Million
Ground : Wankhede stadiumand DY Patil Stadium
Coach : Lalchand Rajput
Captain : Sachin Tendulkar
Colours : Blue brand ambassador : Hrithik
Roshan
Director : R Balachandran
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ROYAL CHALLENGERS BANGALORE
Owner : Dr Vijay Mally Company :UB group
Franchise fee: $111.6 million
CEO : Brijes Patel
Captain : Rahul Dravid Stadium : M Chinnaswamy
stadium
Coach : Venkatesh PrasadAmbassadors : Deepika
Padukone, Katrina Kaif,Ramya, Upendra
COO : Martin Crowe
Colours : Red,Golden yellow
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CHENNAI SUPER KINGS
Owner : Mr.Srinivasan
India Cements Ltd.
Franchise fee: $ 91 million
Ambassadors:
Kris Srikanth And Vijay Coach: Kepler Wessels
Stadium: MA Chidambaram
Captain: Mahendra SinghDhoni
Colours: Yellow and Blue
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DECCAN CHARGERS
Owner : Venkat RamaReddy (Deccan Chronicleand M Group)
Franchise fee : $107 million
Coach : Robin Singh Captain : Adam Gilchrist
CEO : J Krishnan
Colours : Beige and Black
Stadium : Rajiv Gandhi
International CricketStadium
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KINGS XI PUNJAB
Owners : Preity Zinta, NessWadia (Bombay Dyeing),Karan Paul (ApeejaySurendra Group) and MohitBurman (Dabur)
Captain : Yuvraj Singh
Coach : Tom Moody
Colors : Light grey and Red
Franchisee: $76 million
Stadium : PCA Stadium Ambassador : Daler Mehndi
CEO : Neil Maxwell
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KOLKATA KNIGHT RIDERS
Owner: Shahrukh Khan, JuhiChawla, Jai Mehta
Franchise fee: $75.09 million
CEO: Joy Bhattacharya
Coach: John Buchanan Captain: Sourav Ganguly
Colours: Black and Gold
Stadium: Eden Gardens
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HOW DOES IPL MAKE MONEY? Auction of broadcasting rights.
Title sponsorship and corporate sponsorship.
Sale of tickets (20% of tickets allocated to IPL).
Auction of franchisees rights.
Official Umpires sponsorships.
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WHAT ARE THE SOURCES OF INCOME FOR ANIPL FRANCHISEE ROI)? Share in revenue from broadcast rights (equal share for all
franchisee after IPLsshare).
Share in sponsorship money (60% of the amount
distributed equally).
Share in revenue from sale of tickets.
Revenue from in-stadium advertising.
Sale of players to other franchisees.
Revenue from own sponsorship and corporatesponsorship.
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HOW IS THE IPL INCOME DISTRIBUTED? Share of broadcasting money with franchisees.
Share of sponsorship money with franchisees.
Share of ticket money with franchisees.
Inauguration expenses.
Prize money: $5 million ($3 million for winner; $2 milliondivided among others).
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F hi F
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Franchise Fees:
The franchisees fees is payable to IPL in 10Equal
Installments within 10 years
Ex. RoyalChallengersBangalore (RCB) costaround
111.6 Million Dollars
RCB have to pay IPL = $111.6 Million 10years
= $ 11.16 Million p.a
Pl C t
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Players Cost
Before commencement of IPL, players arepurchased by individual franchisees
Players have 3 years contract with franchisees but
even with end of first year they can be traded
between franchisees which would be subject to Capital
Gains
Ex. ZaheerKhan from Bangalore Royal Challengersto Mumbai Indians
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Match Fees
Fees Payable to players per match other than Lump sum
amount paid for acquisition
Fees payable to coaches & supporting staff
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Thank you for attending
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Please feel free to contact us on at
SUMAT foundation: by SUMAT SINGHAL
POWERED BY : sumat foundation
Thank you for attending
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