cash cow

IPL franchisees come under ICAI scanner: Big Trouble for Big IPL Money

There’s more trouble brewing for the BCCI’s cash-cow, the Indian Premier League (IPL).

The IPL has been mired in controversies over the past year.

The Twitter spat between Lalit Modi and Shashi Tharoor was the spark that triggered a conflagration of sorts; IPL shenanigans were tabled on the floor of Parliament. Media darling, Tharoor, was forced to resign from his position of Ministry of External Affairs (MEA).

The IPL Witch-Hunt: BCCI knocks out Kings XI and Royals

The IPL witch-hunt is truly on!

The scrapping of two franchises Kings XI Punjab and Rajasthan Royals, the 2008 champions, has been swift and clinical.

The BCCI terminated their contracts making it clear that irregularities were not to be tolerated any more. If this signals a move to a more professional setup, the move is welcome.

But if it is seen as another move to further isolate Modi and his supporters, it will be just another instance of intense politicking and jockeying for power  in the richest sports body in the country.

The Kochi franchise lives on – for now. It has a ten-day reprieve. And with the reduction in the number of franchises, the Pune and Kerala-based franchises may be profitable sooner than later.

Continue reading →