Tag: IPL

Cricket Sports

IPL 2020: Confusion Over Start Date Deepens

HT News

The BCCI President Sourav Ganguli confirmed that start date of the 13th edition of the cash-rich T20 league would be March 29 and that there would be fewer double-headers this season. But IPL start could be delayed a little.

Confusion over IPL start date

The International Cricket Council (ICC) is going to conduct its board meeting on March 29 in Dubai. It is the date when IPL will take off in India. BCCI tried to convince ICC shit its board meeting as both are big events and their dates are clashing. But ICC turned down the request of shifting its board meeting.

The problem with BCCI is that many of is members would be busy attending the important board meeting on the start date of the IPL. So, BCCI is left with no option other than to delay IPL matches.

ICC made a case

International Cricket Council will hold a series of meetings from March 27-29 and the dates for these meetings had been fixed in August 2019. Also, the concerned persons were informed about the meetings in advance. Since preparations have been made, there is little chances of ICC accepting BCCI’s request of change of dates.

Options for BCCI

Sources told that ICC dates were always announced in advance so no ground for changing dates now. BCCI has also withheld schedule of the tournament that is expected to start on March 29 in Guwahati. The ICC has even fixed dates for next conference. It will meet on July 17 and 18 this year in Cape Town.

Source: https://bit.ly/2UVK5ai

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Cricket Sports

IPL 2020: Mukesh Ambani Owned Mumbai Indians Team Bags INR 100 Crore Sponsorship For The Upcoming Tournament

HT News

Mumbai Indians (MI)bagged sponsorship contract worth INR 100 crore in two deals with Marriot Bonvoy and Astral Pipes. Owned by leading businessman Mukesh Ambani, Mumbai Indians is the four-time champions of the Indian Premier League (IPL).

MI confirms INR 100 crore dea

Spokesperson of Mumbai Indians confirmed that the team has managed to get the deal. With this deal, MI has become the first Indian sports franchise to clinch one billion deal. While not much info is revealed about the deal, the spokesperson only said that the deal with Marriot Bonvoy is worth INR 30 crore. The company would have its logo on the right side of the jersey. Astral Pipes would have their logo on the non-leading arm of the jersey.

Marriot Bonvoy has earlier bean associated with Manchester United, Formula One, Bayern Munich, NFL and the NBA but it is for the first time that the brand is investing on an Indian sports franchise.

It is the consistence performance of MI that keeps the team on top of the chart for the fourth consecutive season, according to the findings of Duff & Phelps.

Last year, MI got three-year sponsorship worth INR 75 crore from Samsung. Other sponsors of the team were Colors (back of jersey), Reliance Jio (lead arm), Sharp (back of helmet), Usha International (front of the helmet), Burger King and William Lawson (trouser).

Factors helping Mumbai Indians in their cause

• Four-time IPL champions
• Mukesh Ambani owned high-profile team
• Being in the financial capital keeps them in limelight

Mumbai Indians would start their campaign in the leadership of Captain Rohit Sharma. They will play their first match against Chennai … Read the rest

News & Politics Sports

Dream11 Lists $550MN Investment Ahead Of IPL

HT News

Deam11, the Mumbai-based fantasy gaming startup, is raising fresh funds to the tune of $500 MN. And it is expected to get the funds before the Indian Premier League starts. Tiger Global could become its largest investor so far.

Dream11 funding

According to an unconfirmed report, Tiger Global would buy new as well as secondary shares from the company’s existing shareholders like Kalaari Capital, Think investment and private equity firm Multiples. But Dream11 is tightlipped over the investment.

Previous year, its founder BhavitSheth its user base had increased at CGAR of 230%. He further said that during IPL 2018, the company had 1MN concurrent users and that the expected to the users would increase to 2-3MN in the 2019.

Dream11 history

Harsh Jain and BhavitSheth founded Dream11 in 2008 with the aim of offering games of skills in cricket, football, kabaddi and National Basketball Association (NBA). The company was growing fast but its owners said that they wanted to focus only on Indian market.

Jain said that the company attempted to capture overseas markets like the US but it was found that any attempt to step outside the domestic market impacted the home market of the company. For Dream11, it was undisputable fast growth in the home country.

Growth of fantasy gaming market

According to Deloitte, the present rate of growth of fantasy genre in India is 199.69%. And the total revenue from this market was INR 67 Cr in 2016-17.Deloitte attributes this growth to IPL and T20 extravaganza.

Source: https://bit.ly/2RZAAUj

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