"IPL links won’t affect Pakistan players' involvement in The Hundred": Richard Gould

[RexRex]

Something is not adding up here.

is hundred relying on Indian market for revenues? If it is relying on English market alone, why is ECB toeing the line to BCCI?

Ambani's MI franchise now has teams in India, SA, USA and the UK.

At some point in the immediate future, these billionaire owners are going to bribe some of the top BCCI officials & ask them to let indian players play in overseas leagues .. thus gaining access to the Indian market. Owners have priced that in, I suspect.

 

[rpant_gabba]

Ambani's MI franchise now has teams in India, SA, USA and the UK.

At some point in the immediate future, these billionaire owners are going to bribe some of the top BCCI officials & ask them to let indian players play in overseas leagues .. thus gaining access to the Indian market. Owners have priced that in, I suspect.

I'll grant that for the sake of argument.

Indisputable: BCCI will not not compromise IPL value.

If that is the case, is there even enough revenue left in the indian market to justify the numbers for "The Hundred"? I'm skeptical.

 

[RexRex]

I'll grant that for the sake of argument.

Indisputable: BCCI will not not compromise IPL value.

If that is the case, is there even enough revenue left in the indian market to justify the numbers for "The Hundred"? I'm skeptical.

Even a tiny tiny percent of the 1.4 billion indian market watching would translate to handy revenues for the Hundred owners. The silicon valley techbro who brought the Lords franchise said this was a mere gamble; if it doesn't work ... well .. it's chump change for them anyway.

 

[rpant_gabba]

Even a tiny tiny percent of the 1.4 billion indian market watching would translate to handy revenues for the Hundred owners. The silicon valley techbro who brought the Lords franchise said this was a mere gamble; if it doesn't work ... well .. it's chump change for them anyway.

having a hard time believing that. what numbers are we talking about? what would be a handy number to justify the valuation?

The Indian cricket season is fairly saturated and IPL holds the prime spot. The 100 will most likely be after IPL and no prime Indian player is going to choose the 100 over IPL. So what is the 100 hoping for?

 

[HitWicket]

there is this

Silicon Valley consortium values London Spirit at £295 million in Hundred coup

Deal is set to make London-based club the most valuable in the Hundred

www.espncricinfo.com

and there is this.

The Hundred Sells Out To Boost Profile And English Cricket’s Future

English cricket's The Hundred has been popular with crowds but could do with more big names. The stakes are higher now as investors come in for a piece of the cake.

www.forbes.com

>>>The ECB has previously claimed the competition made profits in the first two years. However, a well-publicized report by Fanos Hira, a chartered accountant and former chair of Worcestershire, stated that the Hundred made a loss of over $11 million in its first two years. That didn’t include the $30.8 million paid by the ECB to the counties and the MCC in return for backing the competition.

The ECB has been accused of inflating the financial projections in a document distributed to investors, claiming domestic TV rights will rise from over $105 million annually from 2029 and that Indian TV rights will increase by 15 million from 2030. Currently, no Indian players are permitted to play in foreign franchises which undermines the breadth of the viewership. The founder of the IPL, Lalit Modi, said that the figures for sponsorship were far-fetched and that the Hundred didn’t even match the Caribbean Premier League, let alone the IPL, for profitability and revenue sustainability.<<<<

Something is not adding up here.

is hundred relying on Indian market for revenues? If it is relying on English market alone, why is ECB toeing the line to BCCI?

Lalit Modi is not exactly a friend of BCCI or IPL at this point

Modi was working with a consortium that was looking to enter the auction process for the teams. His media comments were either a blatant attempt to try and reduce the value of the teams for his own benefit or just straight up cluelessness given the results. I suspect the ECB blocked any bids he was involved in anyway given his track record.

 

[HitWicket]

having a hard time believing that. what numbers are we talking about? what would be a handy number to justify the valuation?

The Indian cricket season is fairly saturated and IPL holds the prime spot. The 100 will most likely be after IPL and no prime Indian player is going to choose the 100 over IPL. So what is the 100 hoping for?

The valuations were based on an Indian broadcast deal worth £15m annually from 2029 onwards, which doesn't seem particularly unfeasible.

 

[RehanG]

Technically no. Practically if the owners don’t just pitch Pak player no one can do or say anything..

 

[cricketjoshila]

Modi was working with a consortium that was looking to enter the auction process for the teams. His media comments were either a blatant attempt to try and reduce the value of the teams for his own benefit or just straight up cluelessness given the results. I suspect the ECB blocked any bids he was involved in anyway given his track record.

Any media links to this?

 

[HitWicket]

Any media links to this?

Which bit of it, Modi being an interested party? He publicly leaked the valuation information that was only provided confidentially to potential investors on his twitter.

He also tried to organise a purchase of the tournament in full himself earlier last year for $1bn but was rejected by the ECB.

Lalit Modi pours scorn on 'overambitious' Hundred in leaked financial projections

IPL founder dismisses projected value of competition and eight teams in post on X/Twitter

www.espncricinfo.com

 

[rpant_gabba]

The valuations were based on an Indian broadcast deal worth £15m annually from 2029 onwards, which doesn't seem particularly unfeasible.

I guess it is safe to say that the £15m is the optimistic number. That too is very far away onto the future.

Is that for the whole "the 100"? or just for that 1 team

I'm scratching my head as how a 15m in 2029 revenue justifies a current valuation of 200m?

What is total projected revenue and profit between now and 2029?

hell S&P 500 returns are ~15% per year if the 100 can't turn 15m in profit per year, not sure how this makes sense.

 

[Energy]

In a world where you'll likely have an indian in HR at most firms advocating and educating EDI, we have a bunch of them here openly stating they will not pick a section of players for the heck of it.

 

[HitWicket]

I guess it is safe to say that the £15m is the optimistic number. That too is very far away onto the future.

Is that for the whole "the 100"? or just for that 1 team

I'm scratching my head as how a 15m in 2029 revenue justifies a current valuation of 200m?

What is total projected revenue and profit between now and 2029?

hell S&P 500 returns are ~15% per year if the 100 can't turn 15m in profit per year, not sure how this makes sense.

That £15m is just the projected value of the broadcast deal in India for the entire men's and womens tournament (minimum 68 games + any potential expansion) annually from 2029. For context the Indian broadcast deal for the SA20 (33 games) signed back in 2022 was about £8m annually.

That's only a small part of the full revenue. The central revenue from 2029 is projected to be £131.9m against central costs of £16.9m leaving £115m as the central profit. The ECB keep 10% of that and the rest is distributed evenly between the teams.

On top of that the teams will have their own revenue sources (such as ticketing and hospitality sales, team-specific sponsorships, merchandise etc.) and costs (such as salaries and venue hire).

 

[sweep_shot]

In a world where you'll likely have an indian in HR at most firms advocating and educating EDI, we have a bunch of them here openly stating they will not pick a section of players for the heck of it.

Most posters who are openly supporting discrimination are based in India. They probably think world works like how it works in India.

 

[Savak]

Don't think the hundred is a viable format. The rules are very confusing and unusual. Other countries have not copied or adopted the format.

 

[sweep_shot]

Don't think the hundred is a viable format. The rules are very confusing and unusual. Other countries have not copied or adopted the format.

To this day, I don't understand or care how The Hundred works. All I know is they replaced overs with balls and there are 100 balls.

The Hundred is simply not cricket.

 

[rpant_gabba]

That £15m is just the projected value of the broadcast deal in India for the entire men's and womens tournament (minimum 68 games + any potential expansion) annually from 2029. For context the Indian broadcast deal for the SA20 (33 games) signed back in 2022 was about £8m annually.

That's only a small part of the full revenue. The central revenue from 2029 is projected to be £131.9m against central costs of £16.9m leaving £115m as the central profit. The ECB keep 10% of that and the rest is distributed evenly between the teams.

On top of that the teams will have their own revenue sources (such as ticketing and hospitality sales, team-specific sponsorships, merchandise etc.) and costs (such as salaries and venue hire).

Thats sounds rather optimistic.

Who is bearing the the costs of the players contracts? are the teams going to have their own broadcast deals?

the gate receipts and stuff is drop in the bucket. is that even enough to cover the cost of hosting the matches?

the bulk of revenue is from the broadcast rights.

That is ~15m per team per year from which players have to be paid players salary.

so you are getting supposed to get ~10m/year 4 years from now on a investment of ~100m? doesn't sound like good business.

 

[HitWicket]

Thats sounds rather optimistic.

Who is bearing the the costs of the players contracts? are the teams going to have their own broadcast deals?

the gate receipts and stuff is drop in the bucket. is that even enough to cover the cost of hosting the matches?

the bulk of revenue is from the broadcast rights.

That is ~15m per team per year from which players have to be paid players salary.

so you are getting supposed to get ~10m/year 4 years from now on a investment of ~100m? doesn't sound like good business.

At a team level the projections are for the profits to be between £6m and £9.5m in 2029 depending on the team, rising to £9.6m to £15.5m by 2032.

 

[Savak]

Its funny to see Michael Vaughan desperately boasting that the Hundred sales have rivalled IPL. Vaughan's predictions and analysis usually falls flat and then he tries to cover himself, deflecting humiliation by trolling others.

 

[RexRex]

Thats sounds rather optimistic.

Who is bearing the the costs of the players contracts? are the teams going to have their own broadcast deals?

the gate receipts and stuff is drop in the bucket. is that even enough to cover the cost of hosting the matches?

the bulk of revenue is from the broadcast rights.

That is ~15m per team per year from which players have to be paid players salary.

so you are getting supposed to get ~10m/year 4 years from now on a investment of ~100m? doesn't sound like good business.

There's no point going into it in granular detail.

Quite simply, them rich folk have made a wild bet that the indian middle class will grow in the next ten years and create more franchise cricket fans thus potentially fattening the indian broadcast deal with ECB.

Meanwhile the english newspapers all say that this was a magnificent heist .. and that there's zero chance that the new owners will recoup their investment.

 

[rpant_gabba]

At a team level the projections are for the profits to be between £6m and £9.5m in 2029 depending on the team, rising to £9.6m to £15.5m by 2032.

This has Allen Stanford written all over it.

 

[rpant_gabba]

There's no point going into it in granular detail.

Quite simply, them rich folk have made a wild bet that the indian middle class will grow in the next ten years and create more franchise cricket fans thus potentially fattening the indian broadcast deal with ECB.

Meanwhile the english newspapers all say that this was a magnificent heist .. and that there's zero chance that the new owners will recoup their investment.

Yup. This doesn't pass the smell test.

 

[Savak]

The ECB is hoping that the injection of Indian funds into the Hundred teams will help the English counties to uplift their standard of Cricket, facilities and grass roots

 

[topspin]

Its funny to see Michael Vaughan desperately boasting that the Hundred sales have rivalled IPL. Vaughan's predictions and analysis usually falls flat and then he tries to cover himself, deflecting humiliation by trolling others.

Your sources also fall flat at a time of need

 

[BouncerGuy]

The Hundred franchises are not that much interested in selecting Pakistan players anyways and for obvious reasons. Who would want Rizwan opening in t20s??? Shaheen and Haris might play but IPL links won't make much difference. Not like THE HUNDRED was dominated by Pakistan players before...

 

[HitWicket]

This has Allen Stanford written all over it.

The bulk of the revenue is from the domestic broadcast deal. Given the ECBs relationship with Sky I'd be surprised if the projections for that aren't quite accurate.

 

[rpant_gabba]

The bulk of the revenue is from the domestic broadcast deal. Given the ECBs relationship with Sky I'd be surprised if the projections for that aren't quite accurate.

Doesn't that take away revenue from county cricket?

 

[HitWicket]

Doesn't that take away revenue from county cricket?

In what way? County cricket probably contributes very little to the ECBs broadcast deals.

 

[rpant_gabba]

In what way? County cricket probably contributes very little to the ECBs broadcast deals.

What feeds county cricket now? Isn't county cricket the primary domestic cricket in England?

Do they generate their own revenue or rely on ECB?

Is there such a cricket vacuum in England that "the 100" is able to capitalize on?

 

[HitWicket]

What feeds county cricket now? Isn't county cricket the primary domestic cricket in England?

Do they generate their own revenue or rely on ECB?

Is there such a cricket vacuum in England that "the 100" is able to capitalize on?

They generate revenue but not enough to fully sustain themselves without ECB distributions too. The T20 Blast is pretty successful and generates profits for counties but not enough to fully cover the year round running costs. A lot of counties have tried to expand their revenue sources a bit with things such as hotels, concerts, corporate facilities etc.

 

[cricketjoshila]

At a team level the projections are for the profits to be between £6m and £9.5m in 2029 depending on the team, rising to £9.6m to £15.5m by 2032.

This profit projection(after tax) is very ambitious.

 

[cricketjoshila]

Which bit of it, Modi being an interested party? He publicly leaked the valuation information that was only provided confidentially to potential investors on his twitter.

He also tried to organise a purchase of the tournament in full himself earlier last year for $1bn but was rejected by the ECB.

Lalit Modi pours scorn on 'overambitious' Hundred in leaked financial projections

IPL founder dismisses projected value of competition and eight teams in post on X/Twitter

www.espncricinfo.com

So Lalit Modi is again trying to get involved in Cricket. Good that ECB blocked him

 

[HitWicket]

This profit projection(after tax) is very ambitious.

Those figures would be pre-tax.

 

[cricketjoshila]

Those figures would be pre-tax.

Still ambitious.