x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Justice For Terror Victim Families | Kathua Administration welcomes first Batch of Amarnath Yatris at Lakhanpur | Yatra of resilience: LG to flag off first batch today after Pahalgam carnage, Op Sindoor | LG visits Yatri Niwas at Bhagwati Nagar, reviews arrangements | LG reviews final preparations | LG chairs high-level meeting, discusses issues of terror victim families | LG flags off fleet of ambulances in Ramban, Anantnag districts | 5 real brothers from Budgam among fraudulently selected candidates | Hope beneath the surface: Govt plans underground hospital in Poonch | ACB catches DDC member red handed | Crime Branch books J&K Bank officers, others for frauds | Back Issues  
 
news details
BCCI to record INR 4000 crore windfall thanks to Women's Indian Premier League: Report
1/23/2023 10:45:09 PM

agencies
NEW DELHI, Jan 23: The BCCI is all set to get richer by at least Rs 4000 crore with some of the top business houses set to bid aggressively for the five Women's IPL (WIPL) teams that would be auctioned on Wednesday According to market experts, the teams are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction. "WIPL has huge potential but most of the legacy teams would like to mix optimism with pragmatism," an industry insider, who has previously worked on men's IPL team bid, told PTI ahead of auction. "Expect a few bids in the range of Rs 500 crore upwards. Rs 800 crore plus could be a bit ambitious but BCCI won't complain," he added.
More than 30 odd companies have bought the bid documents worth Rs 5 lakh including all the 10 men's IPL teams. Well-known corporate houses such as Adani group, Torrent group, Haldiram's Prabhuji, Capri Global, Kotak and Aditya Birla Grouo have also shown interest in buying a team.
Some of these companies were unsuccessful when BCCI invited bids for two new men's teams in 2021.
Among the traditional IPL teams, Mumbai Indians, Rajasthan Royals, Delhi Capitals, KKR could seriously contemplate to add to the bouquet of their already existing men's teams across the globe.
According to market insiders, there are two principles on which these bids are placed by the business houses. First one is "Return on Investment" (ROI), which is the core principal of any business. It is profit on what an entity spends.
The second one isn't a business principle as such but in business community they call it "Return of Ego".
This is something where some of the biggest business names are ready to shell out any amount if they have their eyes on buying a particular property. Even if it takes five to seven years for touching breakeven point.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU