The IPL team owners are the ones that take a risk by putting players into the league who do not even guarantee them a regular starting position. These players are known as ‘pay-outs’. It is the pay-outs that determine if a player will continue playing for the same team or not. So, how can an IPL cricket team earn money and what do the fans and players have to look forward to?
The IPL team owners earn millions of dollars each year through the guaranteed contracts that they offer to the players. The contracts run for three years and the franchises need to manage those contracts well or else lose the contract in case the players start not making the required sales. So it is the pay-outs that influence the financial future of these franchises. The IPL franchise owners have made millions of dollars from their franchise fees and the guaranteed contracts that they offer to the players.
Indian Premier League Team Owners
The Indian Premier League also is known as IPL, has been a successful venture that has revolutionized the entire cricketing industry. The IPL was started by a group of businessmen namely Subir Malik, Anshuma Mukesh Ambani and Soumitra Mohan Kumar. The first season of the IPL was popularized by the stars of the Indian Premier League, who made a lot of money and established lucrative contracts with the franchise clubs. The IPL has truly transformed the sport at a global scale.
The IPL franchise has invested a lot of money and time in making sure that its teams play against other top level cricket teams from around the world. The first season was played between the Delhi Daredevils and the Bangalore giants and was considered to be a great success by all those who were watching the matches. The Mumbai Indians as well as the Delhi/representative teams from other teams won a lot of matches and the IPL name list were expanded after the first season. The competition level has been on the rise ever since and now there are IPL teams involved in every major tournament including the World Cup. It has been a spectacular experience for the fans who had been waiting for such a great opportunity ever since IPL was first launched.
The present team owners intend to bring the IPL to its maximum extent in the coming years. There is no definite word on this yet but the first season was a huge success and many are predicting huge things in the next few years. The present players and teams have showed good cricketing skills and have created interest among the viewers, who had never looked at the IPL before. The IPL viewership numbers have been increasing each year and the IPL team owners and the players are all hoping for a better and bigger performance in the next few years.
IPL is the only professional cricket league in India and was basically created out of nothing else but the sheer demand for a professional league that could be watched live over the internet. The popularity and growth of IPL are mainly because of its IPL team owners and the syndicate players that are made possible only through the internet. Many people in India can hardly afford to watch live cricket even if they wish to so IPL is a perfect option for them. Many big clubs and players from the kolkata region have shown interest in playing in IPL and it has just been a matter of time till IPL comes to their cities and towns and cricket fans from all over India can just enjoy a match without any hassle.
The Indian Cricket League (ICL) was founded in 2007, with funding provided by Zee Entertainment Enterprises. After the launch the league experienced a drastic change and several changes were made to the league and many more teams were added to the league. The most important addition to IPL was the Bengaluru Indians who has been one of the top performing teams ever since they were added to IPL. The recent IPL franchises which are based in Delhi, Hyderabad, Bangalore and Mumbai have proved to be very popular among the cricket enthusiasts from all over India. Even there are several companies that are providing services for the provision of accommodation to the IPL teams and it has become quite easy to arrange accommodation as there are several websites which provide services for organizing such tournaments and the cost of accommodation is also quite low.
Rajasthan royals are another prominent team and have a huge fan following in IPL. The team’s coach is Srikanth and the team is managed by Mr. Nita Ambani. The owner of the team, Mr. Subodh Kochi is from Kochi and also owns almost all the IPL franchises which are based in various cities of India. Nita Ambani is the wife of Mr. Kochi and she has successfully been able to change the fortunes of many IPL teams by her effective leadership style and marketing ideas. She has always kept the expectations of the franchise owners in her mind before hand and she has always kept the expectations of both IPL franchise owners in the highest regard. Many say that the success of IPL is due to her efforts and her innovative thinking and it is due to her hard work and that too without any big pressure from her side.
Author: Amit Kumar
Amit is the founder of YoursNews. This is a next generation blog, proved that blogging is an art; focus on valuable ideas and genuine stories, rest everything will fall into place.
