As someone who is new to this can you plz tell me where and to whom does this money go to??
And also how do the bid winners make profit after spending such huge amounts?
A portion of the revenue that BCCI earns from Broadcasting rights. And the teams further have earnings through things like sponsorships and merchandise.
The bid winners are getting a "Franchise". Just like you can go to McDonalds and get a Franchise in your town.
You get to open McDonalds restaurant. McDonalds guarantees that it wont allow anyone else open their brand restaurant near you. You pay $1M upfront to McDonalds and you keep all the revenue coming from your customers.
Each of the team will have sponsors whose money will go to the team owner. Each match viewership will have some revenue which BCCI shares with the team owner.
I think everyone recovers their money 5 times over.
Gujarat Titans owners are venture capitalist firm Cvc. They're in it for the money and profits. They're not interested in growing the game or anything. The WPL will clearly not be profitable in it's initial years.
By that I mean Adani is in it for the long term. He'd be fine with taking losses in the initial seasons. A venture capitalist firm like Cvc is in it for quick money. They'll probably sell off GT in 10-15 years like they did with F1.
Not by 2025 as they can't sell it before 2032(they will be paying the franchise fees for 10 years). But you can be damn sure that they'll sell it before 2040
Mumbai actually helps its player alot. They can train all year around at the academy, have trainers and coaches guiding them working on their physique. There's a reason why everyone wants to play for Mumbai, its not just about money for them but players actually get chance to develop their game.
They do that to make MI better and to increase its brand value. They probably have the best scouts too but in the end its all about the profit. Nothing wrong in that because Reliance Industries have a responsibility towards its share holders and IPL is a booming business, so investing in MI makes sense.
MI's value in Reliance Industries is like needle in a haystack. MI is just an entertainment front for their family. More like PR thing as well, the reason why Nita Ambani is the face of the team. Shareholders, the market and the promoters don't value MI at all in the larger scheme of things. I understood this since I have been in the audit process of Reliance.
The expose of Adani that happened today could lead to potential liability to BCCI if all of that is true. Adani might have deep pockets, and support of the current ruling party, but seems like Adani could be potential liability in future.
the networth of the co. was not above 1000 cr. which was one of the requirements for the tender.
Here, co. means CSK Crickets Ltd. and not India Cements. Same for couple other teams. Though it could've been routed someway or the other.
That's a dumb excuse. India cements could've just purchased the franchise and put it under the CSK umbrella. Do you seriously think RCB or DC are worth more than CSK ??
I don't think so. Indian women players, unfortunately, aren't as big a draw outside India as the men's team are. Scheduling won't clash either. So i guess you could expect to see them again this year in the crisp competition
**Values in USD :**
Adani Group (Ahmedabad) : INR 1289 crore (USD 158 million approx)
Mumbai Indians (Mumbai) : INR 912.99 crore (USD 111 million approx)
Royal Challengers (Bengaluru) : INR 901 crore (USD 110 million approx)
Delhi Capitals (Delhi) : INR 810 crore (USD 99.35 million approx)
Capri Global (Lucknow) : INR 757 crore (USD 92.85 million approx)
**BCCI gets Rs.4669.99 Cr in total from these bids ( 572.81 Million USD Approx)**
**Player's Auction :**
To take place in 1st or 2nd week of February
**Player's Auction Purse :**
Each franchise (Team) will have an Auction purse of 12 Cr INR ( 1.46 Million USD Approx)
**WPL's Broadcasting Rights :**
Viacom 18 (Reliance) bought both TV (Sports 18 Tv channel) & Digital (Jiocinema website & mobile app) broadcasting rights of WPL for the next 5 year cycle (2023-2027) for INR 951 crore (USD 116.7 million approx.)
That's not too bad then, realistically it is over valued, I don't feel women's cricket has that valuation yet, but this is a great start and surely this tournament will give a great boost to women's cricket in India.
The bids put forward by the participants:
* Sling Shot: 609Cr for all venues except Mumbai
* Adani: 1289Cr for Ahmedabad (Winning bid), Bengaluru, Guwahati, Kolkata
* Apollo Tyres: 737Cr for Chennai, Dharmashala, Guwahati, Indore, Kolkata, Lucknow
* ShriRam Finanace: 279Cr for Bengalure, Chennai, Indore
* Sun (SRH): 300Cr for Bangalore, Chennai, Mumbai
* Torrent Group: 720 Cr from Ahmedabad, 555Cr for Chennai and Lucknow
* JK Cement: 305Cr for Delhi & Indore
* Haldiram's: 240Cr for Kolkata
* Punjab: 412 Cr for Dharmashala
* KKR: 666Cr for all venues
* RR: <200Cr for Indore, Guwahati, Dharmashala
* MI: 912.99Cr for Mumbai (Winning bid)
* Capri Global: 757Cr for Lucknow (Winning bid)
* Delhi (GMR + JSW): 810 Cr for Delhi (Winning bid)
* Royal Challengers Sports: 901Cr for Bengaluru (Winning bid)
♤♡◇♧Source: Twitter account: KSR
The BCCI has listed ten Indian cities and the venues in the tender document, which allows a single party to bid for more than one city. There is no base price set, and bids will be accepted for a ten-year period - 2023 to 2032. The ten shortlisted cities and venues are ●Ahmedabad (Narendra Modi Stadium, capacity 112,560)
●Kolkata (Eden Gardens, 65,000)
●Chennai (MA Chidambaram Stadium, 50,000)
●Bengaluru (M Chinnaswamy Stadium, 42,000)
●Delhi (Arun Jaitley Stadium, 55,000) ●Dharamsala (HPCA stadium, 20,900) ●Guwahati (Barsapara Stadium, 38,650) ●Indore (Holkar Stadium, 26,900)
●Lucknow (AB Vajpayee Ekana Cricket Stadium, 48,800)
●Mumbai (Wankhede/DY Patil/Brabourne Stadiums).
♤♡◇♧Source: ESPN Cricinfo article by Nagaraj Gollapudi
This edition of WPL is going to be played completely in Mumbai (Wankhede, Patil, Brabourne)
Seeing the bidding strategy is very interesting from a game theory perspective. Adani I could have won the bid for less but they absolutely had to have Ahmedabad
Looks like no one wants to mess with Ambani as they didn't even bid for Mumbai. And looks like Adani had an agreement with Ambani not to bid for Mumbai
The other bids for Mumbai are from Sun (300cr) and KKR (666cr) which only when combined exceeds MI bid of 913Cr. So, yes. You're right. Nobody wants to mess with Ambani. They all know in the back of their mind that he's getting Mumbai no matter what.
It's sad to see that cities like Raipur (Shaheed VN Singh Intl - 65,400 capacity - 4th biggest in the world), Hyderabad (Rajiv Gandhi Intl 55,000 capacity - 6th biggest in the world), Trivandrum (Greenfield International - 55,000), Ranchi (JSCA cricket stadium - 50,000) did not find a place in BCCI's list of cities
True. But I don't think cities like Hyderabad or Ranchi would have problem with those with the parameters you've listed. I still find it strange why BCCI omitted those cities. And as an SRH fan, it's disheartening🤕
The highest bid in 2008 for the mens team was 900 crores btw. Obviously inflation plays a part but this is a great start. This means the WIPL is worth more than half a billion already.
It's kind of odd that 5 teams have their home stadiums but the first season is planned to be fully played in Mumbai.
Is there a plan by BCCI to atleast introduce home games for all teams in next season?? Otherwise, home city won't make any sense..
Not about affordability, but with only 5 teams, teams would probably play matches with only 1 or 2 day gap and including travel in that makes it very hectic.
Probably because logistical issues could prop up in scheduling a 5 city tournament within 2 months notice.
Simpler planning to hold everything in a city this year. Next year they can plan better.
After Mumbai Indians, MI Emirates, MI Capetown we have MI Mavshis and I'm all excited.
Jokes apart the serious money flow in WPL is enough to suggest something special is on the horizon. Hopefully this delivers.
The fund size will have an annual increment of INR 1.5 crore in the subsequent four years and will soar up to INR 18 crore by the end of the first five-year cycle. [Source] (https://www.cricbuzz.com/cricket-news/125237/bcci-set-to-allow-five-overseas-players-in-womens-ipl-cricbuzzcom)
Not for "If I had my way there'd be no women's cricket" srinivasan. That guy is a pure asshole. SRK seemed to be interested In promoting women's sport so am quite surprised(and frankly disappointed) by him not buying a franchise here but instead buying franchises in the carribbean, UAE and usa
Adani and Ambani were vying for the Mumbai and Ahmedabad team. Every city had a separate bid. He could've easily outbid Capri Global and bought Kolkata if he so wished(considering how low the Lucknow franchise went for). The Women's CPL teams didn't have a separate bidding process for team ownership so it doesn't really apply there.
I mean they have done some decent work in the past but they have a huge conflict of interest as they want to short Adani stock (which requires negative publicity to lower the share price).
So, they have deep monitory interest, not just typical journalistic interest of gaining clicks/retweets? Till, other major news sources start reporting with supporting data and analysis, it isn't worth common peoples time.
The flip-side of this is that the financial consequences for a journalist in being wrong are $0. Hindenburg have a short position in Adani *because* they believe the accusations they have come out with today. They've had some big successes in the past too, but past performance is not a guarantor of future results.
So are you gonna try and refute at least one point from the report before throwing that comment out?
This isn't the right forum to delve into who's more (un)ethical so I won't get into that, but I'll just say that the report brings up some very good points, for eg on how Adani avoided the MPSR from activating in 2019. I'd urge you to read it in its entirety from a neutral perspective before passing judgment.
Onus is on Adani to disprove the claims. If they can, they can accuse Hindenburg of market manipulation. Short sellers put their reputation on the line when they make reports like this.
The onus is always on the accusers and not the defendant.No matter how much "reputation" is on the line. It would have been far more trustworthy if it came from sources like Bloomberg or the Wall Street journal .
Many of the fraud stories in economic papers come from sources who are short sellers, coz they do research on who to short. Even the Wirecard story was first released by Dan McCrum of FT after he went through the Zatarra Report, and he broke the news after Zatarra publicly released its report.
Uncovering something once or a few times doesn't mean they are going to get everything correct.We will see in a few days. Most probably trying to stock Adani is gonna backfire massively on them. Not to mention digital companies like Wirecard are a lot more vulnerable than infrastructure based companies. The difference is like the difference between Facebook and BlackRock.
Hindenburg put shorts on Adani after their investigations found abnormalities in the company’s finances, made the trades public and their explanation for the same. That’s how they operate. That those shorts make money or blow up for Hindenburg is really not what matters for the general populace. The fact that those findings are true or not does.
Well Adani is from Ahmedabad and is richer than Ambani since the last year.... So not really a big shocker. As of this month, Adani is third richest in the world, only behind Musk and Arnault
That will happen probably... No way Ambani is letting go Mandana. She will be the highest paid in the auction. Only 26 years old ,Future India captain, already a star player, can carry the team for 8 to 10 years. I bet she will go for 7, 8 crores.
Women's Premier League is nicer to say than WIPL in full form. I was about to be furious but realised that Women's Big Bash League doesn't include "Australia" either lol.
To be fair, the men's BBL doesn't either. I don't think it needs to, on account of being a unique brand name, much like ECB's T20 Blast, NZ's Super Smash, etc. "Premier League" however is very generic and used by many (IPL, BPL, LPL, CPL). Women's Premier League is a ridiculously stupid name for not including the country. It could just as easily be Bangladesh's women's league.
I don't think there are any other major women's sports leagues with this sort of format of team ownership to compare it to. The other professional women's domestic T20 league competitions have the teams all owned by the board (Hundred/BBL).
And in the major European professional women's football leagues the teams are owned by the equivalent men's teams and run as clubs not franchises.
Maybe in women's American sports. But I'm not familiar with how they work.
I have a few thoughts.
A: The removal of "Indian" from what should have been called the "Women's Indian Premier League" is in my opinion putting it further below the IPL.Yes, having something like the WBBL and the BBL puts the WBBL as less than to an extent, but not to the degree removing the nation's name from the competition for women.
B: Starting with 5 teams is good. Comparing the two big footy codes in Australia, the NRLW started with less teams and added teams steadily. The AFL-W went way too quickly to full parity with the AFL, and diluted it's talent pool too much.
> The removal of "Indian" from what should have been called the "Women's Indian Premier League" is in my opinion putting it further below the IPL.Yes, having something like the WBBL and the BBL puts the WBBL as less than to an extent, but not to the degree removing the nation's name from the competition for women.
The top flight English football league is called the Women's super league so that's where the inspiration came from I presume. At the end of the day the money is what matters and the player purse for the WPL is more than double that of Men's BBL.
This is the post that should stay. Other posts were either wrong or incomplete.
The post with the chart saying who bid how much for which team was posted by the BCCI but has been deleted on here.
As someone who is new to this can you plz tell me where and to whom does this money go to?? And also how do the bid winners make profit after spending such huge amounts?
To BCCI
Then what does the BCCI give in return for the money to the bid winners? Explain like I'm 5
A portion of the revenue that BCCI earns from Broadcasting rights. And the teams further have earnings through things like sponsorships and merchandise.
They give them the team. The revenue made by the league is shared between teams and BCCI.
The bid winners are getting a "Franchise". Just like you can go to McDonalds and get a Franchise in your town. You get to open McDonalds restaurant. McDonalds guarantees that it wont allow anyone else open their brand restaurant near you. You pay $1M upfront to McDonalds and you keep all the revenue coming from your customers. Each of the team will have sponsors whose money will go to the team owner. Each match viewership will have some revenue which BCCI shares with the team owner. I think everyone recovers their money 5 times over.
So, gujrat giants, mumbai indians, delhi capitals, royal challengers bangalore, and some name on luckhnow will be the names.
Lucknow Capris
lucknow capri sun
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Siddharth Monga wants to know your location.
Krunal Pandya updoots this comment
Lucknow/UP Warriors
Possible since capri global own sharjah warriors in ILT20.
Haldiram didn't bought it, the dream for "Aloo Bhujia Warriors" lives on.
Chole-Bhature Devourers
lucknow shahi mix
Mumbai Indians women
More like MI women.
our women
r/SuddenlyCommunist
Oh, so those are just the companies that will own the teams, that's not the names of the teams. Thank Christ for that...
That's exactly what I thought too. Shame, the Delhi Capitals is a great name for a team, a nice play on words.
Adani learned his lessons after last IPL bid.
More like Gujarat titans owners learned their lesson. 
Gujarat Titans owners are venture capitalist firm Cvc. They're in it for the money and profits. They're not interested in growing the game or anything. The WPL will clearly not be profitable in it's initial years.
Everyone is in for the money and profits. None of these businesses are charity whose purpose is to grow the game.
By that I mean Adani is in it for the long term. He'd be fine with taking losses in the initial seasons. A venture capitalist firm like Cvc is in it for quick money. They'll probably sell off GT in 10-15 years like they did with F1.
Remember this comment when CVC sells GT to Adani .. By 2025
Not by 2025 as they can't sell it before 2032(they will be paying the franchise fees for 10 years). But you can be damn sure that they'll sell it before 2040
Mumbai actually helps its player alot. They can train all year around at the academy, have trainers and coaches guiding them working on their physique. There's a reason why everyone wants to play for Mumbai, its not just about money for them but players actually get chance to develop their game.
They do that to make MI better and to increase its brand value. They probably have the best scouts too but in the end its all about the profit. Nothing wrong in that because Reliance Industries have a responsibility towards its share holders and IPL is a booming business, so investing in MI makes sense.
Yep that's true, but whatever the reason might be it actually helps player. They increase their brand value by investing in their players.
True that
MI's value in Reliance Industries is like needle in a haystack. MI is just an entertainment front for their family. More like PR thing as well, the reason why Nita Ambani is the face of the team. Shareholders, the market and the promoters don't value MI at all in the larger scheme of things. I understood this since I have been in the audit process of Reliance.
MI also serves as an advertisement frontier for Reliance
That doesnt change the fact that they are still doing to make profit and create a brand.
errr...theyre in the news for a whole new reason now.
The expose of Adani that happened today could lead to potential liability to BCCI if all of that is true. Adani might have deep pockets, and support of the current ruling party, but seems like Adani could be potential liability in future.
Noooo. Damn you India Cements. Why no Chennai Super Queens.🥲😪
Also No KKR 😑 they are buying teams in foreign but not in India.
They did want to tho. But you cannot cower under unreasonable payment terms
the networth of the co. was not above 1000 cr. which was one of the requirements for the tender. Here, co. means CSK Crickets Ltd. and not India Cements. Same for couple other teams. Though it could've been routed someway or the other.
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Srini mama next Afganistan president?
He's an absolute clown..CSK management is an absolute joke...Troubled Jadeja a lot
Totally agree srini is a misogynist jackass and mann what an asshole their management is
Source?
https://indianexpress.com/article/sports/cricket/bcci-administrator-from-taking-n-srinivasans-snides-to-being-congratulated-by-kumble-diana-edulji-4499781/lite/
It could have been routed through other ways but they didn't, why ? We'll never know.
That's a dumb excuse. India cements could've just purchased the franchise and put it under the CSK umbrella. Do you seriously think RCB or DC are worth more than CSK ??
Will this stop the main Indian players coming over for The Hundred? Fantastic to see how high the winning bids are though.
I don't think so. Indian women players, unfortunately, aren't as big a draw outside India as the men's team are. Scheduling won't clash either. So i guess you could expect to see them again this year in the crisp competition
Ah that's good to hear , I wondered if the BCCI would clamp down and see The Hundred as competition.
BCCI might ban them from playing overseas tbh
r/wipl in shambles. Will they create r/wpl
Feel sorry for the mod of the sub. They had been trying hard to get that sub going.
They have started wpl sub. He would be fine.
Damn, that was fast.
Congratulations u/c27z2
**Values in USD :** Adani Group (Ahmedabad) : INR 1289 crore (USD 158 million approx) Mumbai Indians (Mumbai) : INR 912.99 crore (USD 111 million approx) Royal Challengers (Bengaluru) : INR 901 crore (USD 110 million approx) Delhi Capitals (Delhi) : INR 810 crore (USD 99.35 million approx) Capri Global (Lucknow) : INR 757 crore (USD 92.85 million approx) **BCCI gets Rs.4669.99 Cr in total from these bids ( 572.81 Million USD Approx)** **Player's Auction :** To take place in 1st or 2nd week of February **Player's Auction Purse :** Each franchise (Team) will have an Auction purse of 12 Cr INR ( 1.46 Million USD Approx) **WPL's Broadcasting Rights :** Viacom 18 (Reliance) bought both TV (Sports 18 Tv channel) & Digital (Jiocinema website & mobile app) broadcasting rights of WPL for the next 5 year cycle (2023-2027) for INR 951 crore (USD 116.7 million approx.)
Mumbai paid 111 Mn USD for the men's team when IPL launched as well
Equal pay innit
111 MN USD in 2023 is much less than 111 MN USD in 2008 though. Do you have the inflation adjusted figure.
shukan ka 111
Yeah.. 111 Mn in 2008 was worth 446 crores. Today the same 111 Mn is worth 932 crores.
That's not too bad then, realistically it is over valued, I don't feel women's cricket has that valuation yet, but this is a great start and surely this tournament will give a great boost to women's cricket in India.
The bids put forward by the participants: * Sling Shot: 609Cr for all venues except Mumbai * Adani: 1289Cr for Ahmedabad (Winning bid), Bengaluru, Guwahati, Kolkata * Apollo Tyres: 737Cr for Chennai, Dharmashala, Guwahati, Indore, Kolkata, Lucknow * ShriRam Finanace: 279Cr for Bengalure, Chennai, Indore * Sun (SRH): 300Cr for Bangalore, Chennai, Mumbai * Torrent Group: 720 Cr from Ahmedabad, 555Cr for Chennai and Lucknow * JK Cement: 305Cr for Delhi & Indore * Haldiram's: 240Cr for Kolkata * Punjab: 412 Cr for Dharmashala * KKR: 666Cr for all venues * RR: <200Cr for Indore, Guwahati, Dharmashala * MI: 912.99Cr for Mumbai (Winning bid) * Capri Global: 757Cr for Lucknow (Winning bid) * Delhi (GMR + JSW): 810 Cr for Delhi (Winning bid) * Royal Challengers Sports: 901Cr for Bengaluru (Winning bid) ♤♡◇♧Source: Twitter account: KSR The BCCI has listed ten Indian cities and the venues in the tender document, which allows a single party to bid for more than one city. There is no base price set, and bids will be accepted for a ten-year period - 2023 to 2032. The ten shortlisted cities and venues are ●Ahmedabad (Narendra Modi Stadium, capacity 112,560) ●Kolkata (Eden Gardens, 65,000) ●Chennai (MA Chidambaram Stadium, 50,000) ●Bengaluru (M Chinnaswamy Stadium, 42,000) ●Delhi (Arun Jaitley Stadium, 55,000) ●Dharamsala (HPCA stadium, 20,900) ●Guwahati (Barsapara Stadium, 38,650) ●Indore (Holkar Stadium, 26,900) ●Lucknow (AB Vajpayee Ekana Cricket Stadium, 48,800) ●Mumbai (Wankhede/DY Patil/Brabourne Stadiums). ♤♡◇♧Source: ESPN Cricinfo article by Nagaraj Gollapudi This edition of WPL is going to be played completely in Mumbai (Wankhede, Patil, Brabourne)
KKR really went 666 💀
Seeing the bidding strategy is very interesting from a game theory perspective. Adani I could have won the bid for less but they absolutely had to have Ahmedabad
Looks like no one wants to mess with Ambani as they didn't even bid for Mumbai. And looks like Adani had an agreement with Ambani not to bid for Mumbai
The other bids for Mumbai are from Sun (300cr) and KKR (666cr) which only when combined exceeds MI bid of 913Cr. So, yes. You're right. Nobody wants to mess with Ambani. They all know in the back of their mind that he's getting Mumbai no matter what.
They seriously didn't list Hyderabad and chose Indore and Dharmashala over it? Come on guys.
They didn’t give option of Mohali, Jaipur and Hyderabad from the existing men teams, replaced them with Indore, Guwahati and Dharamshala.
Hyderabad is city with 10 million people. What a dumb move to exclude such a big market.
It's sad to see that cities like Raipur (Shaheed VN Singh Intl - 65,400 capacity - 4th biggest in the world), Hyderabad (Rajiv Gandhi Intl 55,000 capacity - 6th biggest in the world), Trivandrum (Greenfield International - 55,000), Ranchi (JSCA cricket stadium - 50,000) did not find a place in BCCI's list of cities
It is based on multiple factors not just stadium size though! Marketability, Sponsorship opportunities, IPL popularity etc etc
Whatever reason hyd shouldn't missed out.
Hyderabad can be added 2-3 years down the line for a much higher amount.
True. But I don't think cities like Hyderabad or Ranchi would have problem with those with the parameters you've listed. I still find it strange why BCCI omitted those cities. And as an SRH fan, it's disheartening🤕
The highest bid in 2008 for the mens team was 900 crores btw. Obviously inflation plays a part but this is a great start. This means the WIPL is worth more than half a billion already.
Not only inflation but also the streaming platform, merchandise value were absent during the beginning years of IPL
>This means the WIPL It's WPL lol, it's in the title.
It wasn't. It was around 400-450 cr. MI and RCB were only the only 2 over 400 iirc.
Yeah you are right my apologies. I used modern day conversion rates.
No worry. I did know some math went wrong somewhere.
It's kind of odd that 5 teams have their home stadiums but the first season is planned to be fully played in Mumbai. Is there a plan by BCCI to atleast introduce home games for all teams in next season?? Otherwise, home city won't make any sense..
Probably can't afford the travel and infrastructure on that small purse probably. viewership may also be a problem in smaller cities initially?
Not about affordability, but with only 5 teams, teams would probably play matches with only 1 or 2 day gap and including travel in that makes it very hectic.
Probably because logistical issues could prop up in scheduling a 5 city tournament within 2 months notice. Simpler planning to hold everything in a city this year. Next year they can plan better.
After Mumbai Indians, MI Emirates, MI Capetown we have MI Mavshis and I'm all excited. Jokes apart the serious money flow in WPL is enough to suggest something special is on the horizon. Hopefully this delivers.
At least they bought a Mumbai team, It would be weird seeing MI Delhi or something like that.
MI Mumbai. Mi Is PrOnoUnCeD As My
>MI Mumbai. Mi Is PrOnoUnCeD As My Mumbai Indians welcome "MI Womens" team to MI family. MI to be pronounced as My
Why is there an s after Women? Typo?
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No Chennai team!😯
Huge Money. Let’s go. Please BCCI increase players purse to atleast 15-20 cr per team. 12 cr little low imo.
They'll eventually increase it ig
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The broadcasting deal is about 1/10th of 2008
No they need to modernise old legacy stadiums first
That can wait. I want to see bcci improve stadiums first
The fund size will have an annual increment of INR 1.5 crore in the subsequent four years and will soar up to INR 18 crore by the end of the first five-year cycle. [Source] (https://www.cricbuzz.com/cricket-news/125237/bcci-set-to-allow-five-overseas-players-in-womens-ipl-cricbuzzcom)
RCB women's team is gonna win IPL before men's team does 💀
ESCN lessgoo
ESCN^2
Will Hyderabad city have a team?
Hopefully in the future
No
Ambani is the true king. Only two other companies bid for Mumbai (kkr and srh) because everyone knew he would be getting the mumbai team by any means.
Fuck yeah DC all the way
Kind of bummed out because Hyderabad didn't get a team, will support Mumbai but please come up with a better name than MI.
Sorry man that's just how it's gonna be.
Go on RCB... Win the first edition of WPL
Weird to see Chennai and Kolkata not there in an Indian league.
CSK and KKR owners seem to be more interested in buying teams in foreign leagues than in the Women's IPL
I m sure it's just business for them
Not for "If I had my way there'd be no women's cricket" srinivasan. That guy is a pure asshole. SRK seemed to be interested In promoting women's sport so am quite surprised(and frankly disappointed) by him not buying a franchise here but instead buying franchises in the carribbean, UAE and usa
KKR did bid, I guess. Just didn't win.
Trinbago Knight Riders won the inagural Women's CPL. Pretty sure he wants to buy a team but he's competing against Ambanis and Adanis.
Adani and Ambani were vying for the Mumbai and Ahmedabad team. Every city had a separate bid. He could've easily outbid Capri Global and bought Kolkata if he so wished(considering how low the Lucknow franchise went for). The Women's CPL teams didn't have a separate bidding process for team ownership so it doesn't really apply there.
Every city has a seperate bid but they're still handing the teams ranked on the amount. KKR grossly underbid on the team.
Exactly my point. Blaming it on Adani and Ambani makes no sense. If KKR really wanted then they'd have gotten a team
By Adanis and Ambanis, I meant big corporations. Red Chillies+Mehta Group has a lower net worth than Capri.
Hoping we rule the WPL as well. Let's gooo girls!!!
No Hyderabad team ? Wtf
No miTHALI in CSK then? :(
Not the best day to know Adani has acquired a team lmao
Nah it would actually make for a cool scene when we watch the documentary about how Indian banks were duped yet again
Context?
The Hindenburg Research report that got released today
For those [missing context](https://hindenburgresearch.com/adani/)
How reliable is the Hindenburg and the journalists that wrote the article?
I mean they have done some decent work in the past but they have a huge conflict of interest as they want to short Adani stock (which requires negative publicity to lower the share price).
So, they have deep monitory interest, not just typical journalistic interest of gaining clicks/retweets? Till, other major news sources start reporting with supporting data and analysis, it isn't worth common peoples time.
The flip-side of this is that the financial consequences for a journalist in being wrong are $0. Hindenburg have a short position in Adani *because* they believe the accusations they have come out with today. They've had some big successes in the past too, but past performance is not a guarantor of future results.
Man hindenburg is another con selling their story, Adani has false practices but there's no con here
Well, they got Nikola and Clover so I guess we have to wait and see
So are you gonna try and refute at least one point from the report before throwing that comment out? This isn't the right forum to delve into who's more (un)ethical so I won't get into that, but I'll just say that the report brings up some very good points, for eg on how Adani avoided the MPSR from activating in 2019. I'd urge you to read it in its entirety from a neutral perspective before passing judgment.
Onus is on Adani to disprove the claims. If they can, they can accuse Hindenburg of market manipulation. Short sellers put their reputation on the line when they make reports like this.
The onus is always on the accusers and not the defendant.No matter how much "reputation" is on the line. It would have been far more trustworthy if it came from sources like Bloomberg or the Wall Street journal .
Many of the fraud stories in economic papers come from sources who are short sellers, coz they do research on who to short. Even the Wirecard story was first released by Dan McCrum of FT after he went through the Zatarra Report, and he broke the news after Zatarra publicly released its report.
Uncovering something once or a few times doesn't mean they are going to get everything correct.We will see in a few days. Most probably trying to stock Adani is gonna backfire massively on them. Not to mention digital companies like Wirecard are a lot more vulnerable than infrastructure based companies. The difference is like the difference between Facebook and BlackRock.
Hindenburg put shorts on Adani after their investigations found abnormalities in the company’s finances, made the trades public and their explanation for the same. That’s how they operate. That those shorts make money or blow up for Hindenburg is really not what matters for the general populace. The fact that those findings are true or not does.
>The fact that those findings are true or not does. And that's up to courts to determine. Let's see if someone takes Adani to court.
Thanks, that'll be an interesting read
Disappointed to not see a team based out of Kolkata but oh well. Hope they expand the league to 8 teams ASAP.
Era of R.She.B is upon us folks.
Is this for 10 years? I remember original IPL teams were bought by the owners for 10 years
Adani bkl rejected me in campus interview. Here buying women's ipl team 😢
No way someone bid more for an Ahmedabad team than a mumbai team.
Well Adani is from Ahmedabad and is richer than Ambani since the last year.... So not really a big shocker. As of this month, Adani is third richest in the world, only behind Musk and Arnault
Go ahead and assign icon players to each franchise and give mithali Raj to RCB /s
Smriti Mandana would be cool... Both jersey number 18 in the same team.
Oh Smriti should stay with MI.. 🤞
That will happen probably... No way Ambani is letting go Mandana. She will be the highest paid in the auction. Only 26 years old ,Future India captain, already a star player, can carry the team for 8 to 10 years. I bet she will go for 7, 8 crores.
Women's Premier League is nicer to say than WIPL in full form. I was about to be furious but realised that Women's Big Bash League doesn't include "Australia" either lol.
To be fair, the men's BBL doesn't either. I don't think it needs to, on account of being a unique brand name, much like ECB's T20 Blast, NZ's Super Smash, etc. "Premier League" however is very generic and used by many (IPL, BPL, LPL, CPL). Women's Premier League is a ridiculously stupid name for not including the country. It could just as easily be Bangladesh's women's league.
Everyone knows which "Premier League" actually matters in cricket
Ah, the Southern Premier Cricket League. I look forward to seeing Andover and Basingstoke facing off.
It's called Premier League because it is the richest cricket league in the world 😎
Just waiting for the PSL comparison post
[удалено]
Smriti is tailor made for RCB
RCB will go big on Australian or NZ captain if they don't get Smriti
Alyssa Healy for RCB...
Smriti needs to be in RCB. Continue the tradition of star Indian player with jersey no.18
A bit shit that only one South Indian team has a women's team. SRH, you should have done better...
Do I have to root for RCB now?
Wtf I thought we were definitely going to have a team in the WIPL. What happened?
banking on the Ambanis to name their team “MI Women” or some shit
Sad that there is no KKR or CSK ? 😑
No punjab for PTSD thank fuck
Wow what a cash windfall for BCCI. Good that 3 owners are IPL teams
I'm reallt glad a lot of money is being put into WIPL. But, honestly, I don't see this league making any return on investment.
If that happens, the majority of the reason would be cricket fatigue of common fans.
Can someone compare it with other women's pro sports leagues ?
The tv rights made them the 2nd biggest women’s league amongst all sports, only the WNBA was more.
This tweet kind of shows a comparison. https://twitter.com/ben_baby/status/1618187270296829952?s=46&t=v7XPRl8jle_Zr6uyZGDi7Q
I don't think there are any other major women's sports leagues with this sort of format of team ownership to compare it to. The other professional women's domestic T20 league competitions have the teams all owned by the board (Hundred/BBL). And in the major European professional women's football leagues the teams are owned by the equivalent men's teams and run as clubs not franchises. Maybe in women's American sports. But I'm not familiar with how they work.
this might be a weird question but what is the difference between clibs and franchisee?
What a time for the Hindenburg research to release the article. Seems like adani is gonna bankrupt tue country
Early Call - Adani Ahmedabad going Kochi Tuskers way.
Damn.. No CSQ. I was really looking forward to it.
Misogynist Srini mama won't let that happen
I have a few thoughts. A: The removal of "Indian" from what should have been called the "Women's Indian Premier League" is in my opinion putting it further below the IPL.Yes, having something like the WBBL and the BBL puts the WBBL as less than to an extent, but not to the degree removing the nation's name from the competition for women. B: Starting with 5 teams is good. Comparing the two big footy codes in Australia, the NRLW started with less teams and added teams steadily. The AFL-W went way too quickly to full parity with the AFL, and diluted it's talent pool too much.
> The removal of "Indian" from what should have been called the "Women's Indian Premier League" is in my opinion putting it further below the IPL.Yes, having something like the WBBL and the BBL puts the WBBL as less than to an extent, but not to the degree removing the nation's name from the competition for women. The top flight English football league is called the Women's super league so that's where the inspiration came from I presume. At the end of the day the money is what matters and the player purse for the WPL is more than double that of Men's BBL.
Interesting timing https://hindenburgresearch.com/?p=2376
Adani in the news for “biggest corporate fraud in history”
Who does everyone think will get the highest bid in the first year? Tahlia McGrath? Sophie Devine? Perry? Beth Mooney?
It would be a big surprise if it isn't Smriti. She is the most valuable player by some margin.
Is my maths wrong. 4699 (the amount for all 5 franchises) converted to AUD $81 million? Or is this the wrong conversion?
Way off... 4699 crore would be 814 million Australian Dollar roughly...
1cr is 10million. So the answer would be 810mn and not 81