Tuesday, April 20, 2010

IPL questions that nobody seems to be asking

The IPL has opened up a can of many slimy worms. It is undoubtedly a good source of entertainment, and a great opportunity to gamble, because the teams are so evenly matched that the overwhelming underdogs have managed to with both the first two seasons (in true ToI fashion: Team Jaipur in season 1 and Team Hyderabad in season 2). Though there are allegations of match-fixing being rampant in IPL, I personally believe that this would be an extremely foolish thing to do, as that would kill the goose totally, Since it is a fantastic way to launder money, it is in the best interest of everyone involved to keep the cricket clean. In spite of many angles being probed, including the media reports of tweets by absolute nobodies,here are a few questions that nobody seems to be asking, and I would love to know the answers to.

  1. Why was there a clause in the IPL rules providing for confidentiality of team ownership anyway? With India being a hotbed for international crime and a terrorism, what is the guarantee that these elements don't control the IPL?
  2. Players were bought in an open auction. Why wasn't the same process used to sell teams to their owners, instead of the closed bidding process? An open auction would probably have brought in a lot more money, with bidding prices known to everyone.
  3. Has anyone bothered to investigate the share price history of Videocon Industries Ltd., and the stakes in Videocon by IPL functionaries? Since Videocon were apparently going to win the IPL bid, their share prices started climbing steadily from 31 March 2010 to a maximum on 9 April 2010, before beginning a steady descent again, corresponding well with developments in the IPL saga. On the other hand the share prices of the Adani Enterprises Ltd. ( intitially supposed to be a serious contender but later billed as an insincere bidder) rose from 31 March 2010 to 8 April 2010, and fell slightly, but nothing as dramatic as Videocon. It is now on an upward trend again.

1 comment:

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