Hello my friends of the Cricket Community.
Hope all of the members are in good health.
The T20 leagues in Sri Lanka and Bangladesh exploited the format as a major model for the hunger for financial gain. Blindly following the IPL, the huge amount of money through franchise-based leagues has threatened its upkeep. The cancellation of Sri Lankan Premier League (SLPL) is simply one among them. Abhijit Banerjee presents an analysis of the survival of the T20 league.T20 leagues in Sri Lanka and Bangladesh are prime samples of hunger for financial gains exploiting the format. Blindly according to the IPL, a huge amount of money by franchise-based leagues has threatened its sustenance.
The decision to cancel this year’s Sri Lankan Premier League (SLPL) is simply the beginning of the crashing of a set-up supported flawed perceptions towards the economics of a T20 league. When Lalit Modi along side Board of Control for Cricket in India (BCCI) improvised on the lines of Indian Cricket League (ICL) to start out the Indian Premier League (IPL) all other cricket boards adopted the wait-and-watch strategy to ascertain where this format and idea was heading the foremost convenient option at the time. Once the dazzling league is world cricket and meritious domestic players who have already earned a great success after illuminating the entertainment format, things have changed drastically, not only for cricket but the way it's portrayed. aside from match reports on sports pages, IPL found its mention often on business papers and front pages of national dailies also . The debate over whether to flash millions of dollars worth of placards could continue, and it sent a message misinterpreted by the cricket board - the T20 leagues as a gateway to fortune.
The decision to cancel this year’s Sri Lankan Premier League (SLPL) is simply the beginning of the crashing of a set-up supported flawed perceptions towards the economics of a T20 league. When Lalit Modi along side Board of Control for Cricket in India (BCCI) improvised on the lines of Indian Cricket League (ICL) to start out the Indian Premier League (IPL) all other cricket boards adopted the wait-and-watch strategy to ascertain where this format and idea was heading — the foremost convenient option at the time. Once the glamorous league achieved great success with the who’s who of world cricket and talented domestic players lightning up the already entertaining format, things turned drastically, not for cricket but the way it's portrayed. aside from match reports on sports pages, IPL found its mention often on business papers and front pages of national dailies also . One can continue and on debating whether flashing of million dollar placards is that the right thing or not, but it did send a message misinterpreted by cricket boards T20 leagues as a doorway to earning a fortune.
The respective cricket boards especially those who running to make ends meet saw this as a great opportunity to regain their footing to financial stability. In more detail, the gains for the board have blinded them to observing the reality of whether the money involved in the game was actually fair enough to last long enough. Nor was it when the boards were making a profit, the franchisees were still fighting for a clear profitable investment. The SLPL is a great example. The franchises — all Indian companies — defaulted on the annual payments which was spread across seven years for $30.49 million. And the payment period was proposed to be 15 years. 15 years? Lalit Modi can carry out more than three plans of organizing profitable tournaments in that period. Even until the BCCI's set-up in 2015, it is seen that despite the huge market, Indian franchises are the default soup in terms of their payments, but Sri Lanka and Bangladesh continue to weigh in.
In the meantime the Sri Lankan board happily gained a profit of $2.2 million and already contemplating a replacement system for next year to beat the glitch this year. It won’t be an enormous surprise to ascertain the boards who just a year ago couldn’t afford to buy their players jumping into risk-taking league affair crumble drastically. The BCCI is not any saint in organizing IPL supposedly referred as ‘cash-rich T20 League’. it's been raking within the moolah from television broadcasting to selling every inch of ad space and it's managed to try to to so successfully. Yet the Indian glam-sham tournament is enjoying some natural advantages over others that are different from those that went on to blindly copy the league.
The audience itself so huge that the returns for the board is so huge that even during off seasons just like the one after the planet cup win doesn’t deter it from moving ahead. The franchises though aren’t doing great but there's a scope for improvement. as compared , an SLPL, BPL or Caribbean Premier League (CPL) comes nowhere on the brink of achieving an identical quotient.
| Reference Site | https://www.cricketcountry.com |
That is all for the article . Hope everyone will find it fine for reading.
Thanks for having my article on your feed.