ipl during recession 2

8/9/2019 IPL During Recession 2

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IPL in the Time of Recession


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Contents

What is IPL

Glimpse of IPL

Experience of viewers

Views of Lalit Modi regarding recession and IPL

Views from other owners

IPL a new prospect

Recession and its impact

Impact of recession in IPL

IPL and Indian economy

Conclusion

Participants of the presentation


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What is IPL?

Indian Premier League or IPL a total package containing cricket and entertainmentorganized by BCCI.

Main sponsor is DLF, a real estate based company.

Eight teams were build up according to the regions of India.Icon players were designated.

Players from all around the globe were offered to play for any team on biddingbasis.

Corporate Honchos and Bollywood Superstars are associated with the IPL teams.

On players total amount was fixed for bidding and buying teams.

US $ 16 million is put up for total amount for bidding players.


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Glimpse of IPL from year 2008


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Glimpse of IPL from year 2008


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Experience of viewers from the inaugural

session of IPL 2008..

A wing experience. Watch out for us in season two.

That the IPL is very open, any team can win it. That makes it a very

exciting league for fans and players.

Fantastic and intense: great experience, great fun, great learning,great sense of direction for the future. And most importantly, fans loved it.


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Views of Lalit Modi.

The Indian Premier Leaguetypically enters to a contract of5 to 10 years which makes it

recession proof.


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The market is down. Is that going toaffect our IPL plans?

The recession wont affect the Indian Premier League much and has gone on to saythat the IPL will draw even more crowds this year.Ness Wadiya.

Riders will have to marshal their resources, and that sponsorships not being aseasy to acquire as last year, may mean things would be tough. Shahrukh Khan.

Franchises know they are still in the early stages of investing. We are not immuneto recession, which will affect sponsorship and financing capacity; but we shouldnot forget that over 80% revenues are guaranteed.

-Manoj Badale.will impact IPL. IPL is a business and it is unlikely that it will remain-Recession

unaffected by the economic situation.

-B Vanchi.


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IPL a new generation a new prospect for

business and entertainment

A total package of entertainment

Players form all over world in a sameplatform.

More power cricket hence new door forcricket.

Business out of IPL, involvement ofCorporate Honchos.

Overall progression of economy.

Some where social harmony.


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Recession and its impactEconomic recessionis defined as adecline in the countrys grossdomestic product growth for abouttwo or more consecutive quarters in a

particular year.An economy typically grows for 6 to 10years and later is likely to go into arecession for about 6 months to 2years.

Current crisisin the US: The default

on sub prime mortgages (home loandefaults) have led to a major crisis inUS.

Impact of a US recessionon India:Indian companies have majoroutsourcing deals from US. Thus they

are also going under loss.


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Recession: Effect on IPL..

Marley have any effect on IPL, which isproved by the auction held recently.

Indicating no dip in capital flows,cricketers were auctioned off toIPLs eight teams up to US $1.55million each.

The eight IPL teams spend a total of US$10.06million (About 63% of thetotal amount of US $16million) inchoosing the 50 players.

According to Lalit Modi IPL typicallyenters into a 5 to 10 years ofcontract witch makes it recessionproof.


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Recession: Effect on IPL..

Recession however had a small effect though theorganizers deny it.

Some of the IPL teams might cut cost in theentertainment section.

This may lead the IPL to be more cricket this yearwithout Akshay Kumar stunts etc.

For few teams it will be the same as the owners of theteams is celebrity.


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IPL and Indian Economy..Billy Bowdns call challo challo was amonumental incident which is indicatingwhere the world economy is headingtowards in 21st century.

India is taking the driving seat slowly, theIPL is one of the indicators of it.

Finally we Indians found the formula tomake money, though for this a freeoutflow of cash was there but still it is agreat revenue generating game.

IPL soon might be turn out to be the super

bowl of India.A player can earn from one session of IPL asmuch amount of money which he couldearn for playing international cricket forfive years.

It is an indicator of the future of Indianeconomy which is raising slowly.


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Conclusion

From the previously discussed topics we can conclude the following;

In the time of economic recession also IPL stands in its own glory.

The amount of money invested in the auction of IPL clearly indicates the

progression of Indian economy.When in one side impact of US recession is so predominant in different sectors,IPL is showing a way to make money and canalize it in the way it should be.

With the involvement of corporate honchos and Bollywoods superstars the flow ofmoney is coming and directly and indirectly the society is being affected interms of entertainment and jobs.


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Presentation prepared by:

Abhirup Sen Sarma

Prasanta Saha

Sudipa Majumder

Debasree MitraSandip Nandy

Saurav Hazra

Chaitali Paul

Manish Kumar

Souvik Chatterjee


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Thank You

ipl during recession 2

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