IPL 2021: Adani, Goenka, And A Few Others Eyeing The Ownership Of The 9th IPL Team

As the Board of Cricket Control of India (BCCI) contemplates expansion of IPL 2021, one thing is certain now that Ahmedabad city will be included in the IPL roaster before anyone else. The names of Lucknow / Kanpur, Pune will only come for discussion if the BCCI decides to increase more than 1 team for IPL 2021 or IPL 2022. The BCCI will call for Annual General Meeting (AGM) in December to finalize and ratify the way forward on the IPL expansion.

According to reports doing the rounds, Adani Group owned by Gautam Adani and RPSG owned by Sanjeev Goenka will be the biggest contenders for the 9th IPL team. Adani’s in past have openly declared their interest in owning the IPL team. With Ahmedabad now boasting of the biggest cricket stadium in the country, their interest will grow manifolds.

On the other hand, Goenka had owned IPL team in the past as an owner of Rising Pune Supergiants for two years and will surely throw their hat in the ring when BCCI comes out with tender.

Other than Adani and Goenka – South India’s top actor Mohanlal along with one of the big business house based out of Southern India is reportedly interested in owing the IPL team. He was recently seen in IPL 2020 in UAE hobnobbing with BCCI officials.

The BCCI is yet to officially announce how and when the tenders for the new team will be released. In case BCCI goes ahead with their plans, they will also have to have to prepare themselves for the Mega-Auctions (Full-fledged player auctions) for IPL 2021. According to the sources in BCCI, the board has now informed the teams that the decision in regard to the new team and Mega-Auctions will be taken by the 2nd week of Dec.

“Time constraints are there but the full auction will be in the interest of everyone. IPL Governing Council will formally decide on this in next 3-4 weeks and communicate to everyone concerned”, said the BCCI source.

After the IPL 2020 debacle, one team which is desperate to rebuild itself that is Chennai Super Kings. For them having full player auction will be a welcome relief. Even MS Dhoni during the post-match interview after playing the last league game of IPL 2020 stated that rebuilding the team will depend on what decision BCCI takes for the next players auction.

Not only CSK, but teams like Rajasthan Royals, KingsXI Punjab, Sunrisers Hyderabad, Royal Challengers Bangalore according to a source also has indicated to the BCCI in informal discussion that they will welcome full player auctions for the next season.

InsideSport has learnt that the franchises are divided over the idea of having a mega auction for the next season. If CSK, SRH, RCB are in favor of Mega auctions, teams like Delhi Capitals, Mumbai Indians have settled squads and may resist the move.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated th...

Zomato, Swiggy score 1/10 on working conditions for their workers – ET Retail

Some of India's biggest startups have ranked near the bottom when it comes to working conditions for their gig workers , according to a report released Wednesday. While Swiggy , Zomato and Uber India scored 1/10, Urban Company and Flipkart’s logistics arm EKart scored the highest 8/10 and 7/10, respectively, ‘ Fairwork India Ratings 2020: Labour Standards in the Platform Economy’ showed . The report assessed the companies on five principles: fair play, fair conditions, fair contracts, fair management, and fair representation. Deepinder Goyal, chief executive officer of Zomato Media Pvt. Ltd., acknowledged the ratings on Twitter. “Zomato ranked at the bottom of 2020 Fairwork India scores. We knew we had things to work on, but we didn’t know that there is so much room for improvement.” The company takes full responsibility and “will leave no stone unturned to perform better in the rankings next year,” he added. Zomato received a 4/10 in ...

Times Internet posts 24% revenue jump to Rs 1,625 Cr in FY20

Times Internet has posted a 24% jump in its annual revenue in the financial year ending March, recording Rs 1,625 crore in revenue in FY20. In its annual report, the company said the revenue growth has been adjusted for seasonality of cricket events. In FY19, it had posted revenues of $196 million. The company has registered a surge across its revenue streams i.e. advertising revenue, subscribers, transaction revenue and gross merchandise value (GMV) in the last fiscal year. While advertising revenue grew 22% with faster growth in music and video, overall subscribers to Times Prime grew 62%. Times Internet’s annualized GMV in transacting businesses grew 68% with a 75% jump in net revenues, said the company in its annual report. Its subscription and transactional businesses include Times Prime, Gaana Plus, TOI+, ET Prime, and Gourmet Passport. Times Prime also crossed 2 million subscribers last year. “We broadened our media strategy beyond news, and we focused on...

Abhishek Securities

Search This Blog