How 'out-of-cash' KXIP almost lost Chris Gayle at IPL auction

Agencies
April 27, 2018

New Delhi, Apr 27: Chris Gayle has proved to be quite a bargain buy for Kings XI Punjab in the ongoing Indian Premier League but co-owner Ness Wadia revealed that the team almost lost the destructive opener at the auction, thinking it had run out of cash.

Gayle had unexpectedly gone unsold twice before KXIP bought him for his base price of Rs 2 crore. Wadia explained how the franchise got lucky with the Jamaican.

"We had only Rs 2.1 crore left and if we had bid for Chris earlier (at the auction) and another team came up with a counter bid, we did not have the money to buy him. Luckily, no other team bid for him and we were more than happy to get third time lucky," Wadia said.

KXIP, who had retained just one player in Axar Patel before the auction, spent big bucks in their bid to build a team for the future. Gayle was their final buy and the Rs 2 crore they spent on him meant they were left with just Rs 10 lakh, using almost their entire purse of Rs 67.5 crore.

Two months later, Gayle has proved all his critics wrong with two half centuries and a sensational 104 in four innings. He has even exceeded the expectations of team mentor Virender Sehwag, who had said that the Rs 2 crore spent on Gayle and Yuvraj Singh will be recovered even if they both won them a couple of games.

The 38-year-old has been exceptional so far but a big knock from the 36-year-old Yuvraj is still awaited. In fact, the stylish southpaw was dropped from the playing eleven against Sunrisers Hyderabad last night.

"Yuvi is not among the runs at the moment but we hope that he will bounce back. He is of good value to the franchise and that is why we got him back," said Wadia referring to Yuvraj, who was KXIP captain in the first two seasons.

Yuvraj may not be in the best of form but the big bucks spent at the auction seem to have paid-off with the team doing well in the first half of the season under new captain Ravichandran Ashwin. Besides Gayle, performances from KL Rahul, Ankit Rajpoot and young Afghanistan spinner Mujeeb Zadran have stood out.

Wadia too is pleased with the performance so far after disappointment in the previous three seasons.

"We wanted to build a team for the long term. We wanted to spend more money. We wanted an Indian captain and to be honest we wanted Ashwin at any cost. He is a genius and knows what it takes to win (having won IPL at CSK).

"We were very clear that if we spent the money we would get what we were looking for. That was the difference with the old strategy. Bringing an Indian captain also brings in a lot of flexibility," said Nadia adding that going for Afghan spin sensation Zadran as very much Ashwin's idea.

Talking about the evolution of IPL over the last decade, Wadia is relieved that being part of the tournament was finally making financial sense.

"Finally, it is making sense (financially) after 10 years. It has been a long wait. The most important thing is when we got into the IPL the focus was on to promote sport. IPL has led to the emergence of cricket leagues around the county. I am so glad about that. 

"It has given the players a career option. It has led to leagues in other sports too."

Where does IPL go from here on?

"There has to be more international matches (for the teams), more exposure. If you include the pre-season camp, we get about an eight week period in one year.

"A second tournament or a smaller tournament outside India would be very beneficial for everyone," he added.

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News Network
April 4,2020

New Delhi, April 4: India skipper Virat Kohli has said that the 2014 Test series against England was the lowest point of his career.

He made the revelation during a candid Instagram Live session with former England batsman Kevin Pietersen.

To date, the 2014 Test series in England remains one of the worst Test series for Kohli as he averaged just 13.40 from 10 ten innings with his highest score being 39.

"I felt like as a batsman, you know you are going to get out in the morning as soon as you wake up. That was the time I felt like that there is no chance I am getting runs. And still to get out of bed and just get dressed for the game and to go out there and go through that, knowing that you will fail, was something that ate me up," Kohli told Pietersen.

However, just four years later, Kohli made a triumphant return to England as he scored a century in the opening Test of the 2018 series and finished as the highest run-getter in the series.

Kohli told Pietersen that the performance in 2014 came because he was just thinking about his own batting.

"2014 series happened, for all the younger guys listening, because I was too focused on doing well from a personal point of view. I wanted to get runs. I could never think of what does the team want me to do in this situation," Kohli said.

"I just got too engulfed with England tour - if I perform here, Test cricket, in my mind I am going to feel established and all that crap on the outside, which is not important at all," he added.
During the chat, Kohli talked about his favourite format in cricket and he also revealed the main reason for turning into a vegan.

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Agencies
April 2,2020

Lausanne, Apr 2: The postponement of the Tokyo Olympics and the shutdown of the sporting calendar because of the coronavirus pandemic are going to hit international sports federations hard financially.

Many sports that are part of the Games depend heavily on the payouts every four years from the International Olympic Committee (IOC).

"The situation is tense and very gloomy. An assessment will be made, but clearly some posts are under threat," said an official of a major international federation.

The 28 international federations (IF) of the sports that were due to be present at the Tokyo Olympics, would have received substantial sums from the IOC.

However, the postponement of the Games until 2021 could lead to a freeze of their payment.

"We have a lot of IF with substantial reserves, but others work on a different business model, they have income from major events which are suspended, which can be a problem for the cashflow if they don't have enough reserves," said Andrew Ryan, director general of the Association of International Olympic Summer Sports Federations (ASOIF), which is responsible for distributing this money.

The five additions to the Tokyo Games programme - karate, surfing, skateboarding, climbing and baseball/softball - are not eligible.

The Olympic payout totalled 520 million after the Rio Games, four years ago.

"The Olympic money could be less than for Rio 2016," Ryan warned before adding: "My advice is to budget the same as in Rio".

The federations receive money on a sliding scale determined by their audience and size.

The three largest (athletics, swimming and gymnastics) can expect approximately 40 million.

For the second tier, made up of cycling, basketball, volleyball, football and tennis, the sum is 25 million.

For group three, which contains eight sports, including boxing, rowing, judo and table tennis, it is 17 million.

The nine sports in the next level (including sailing, canoing and fencing) receive 12 million.

For the three in the last category (rugby, golf, modern pentathlon) the payout is 7 million.

For the largest associations, such as football's FIFA which has a 1.5 billion nest egg, or basketball body FIBA which has CHF 44.4 million (42 million euros) in reserves, IOC aid represents a small proportion of their income.

For others, it is vital.

"Some IF probably don't have the cashflow to survive one year," said Ryan.

For most federations, the postponement of the Olympic Games has a domino effect, forcing them to reschedule their own money-earning competitions.

"The revenues from these events will eventually come in," said Ryan. "But this impacts the cashflow." World Athletics has already postponed the 2021 World Championships in Eugene, Oregon to 2022.

The International Swimming Federation (FINA) will have to do the same for its World Championships scheduled for next summer in Fukuoka, Japan, when they would probably clash with the Tokyo Games.

"One edition of the World Championships means for us 10 million in revenues," said one sports federation official, speaking on condition of anonymity.

"If this income is postponed, totally or partially, for a year, we will face major problems, especially if the IOC money, originally expected in September, is not paid out."

The Singapore-based International Table Tennis Federation has already taken steps, with "the Executive Committee agreeing to reduce their expenses and senior staff offering to take a salary reduction," said marketing director Matt Pound, but, he added,"further cuts will take place if needed."

- 'Significant loss of revenue' -

The ITTF has suspended all its competitions until June and that is costly.

Kim Andersen, the Danish president of London-based World Sailing, said commercial revenues are not immune.

"The IOC will eventually pay out its aid, but what weighs most heavily is the uncertainty about whether our competitions will be held and whether our sponsors will be maintained," he said.

The IOC is not prepared to go into details of what it plans.

"It is not possible at this stage to assess the overall impact" of the postponement of the Tokyo Olympics, an official told AFP.

"It depends on a number of variables that are currently being studied." According to an official of one federation: "the IOC will discuss on a case-by-case basis, sport by sport".

Another option is for the federations to ask for a share of the public aid set up to deal with the coronavirus crisis, in Switzerland, where 22 ASOIF members are based and also in the United Kingdom, home of World Sailing.

"Can sports federations benefit from federal aid? The answer is yes, in principle," Philippe Leuba, State Councillor of the canton of Vaud, in charge of the economy and sport, told.

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Agencies
August 3,2020

New Delhi, Aug 2: The finals of the Indian Premier League (IPL) 2020 will be played on November 20, the sources within the BCCI confirmed on Sunday.

The IPL's governing council met earlier today, and it has also been decided that the evening matches will start at 7:30 pm, half an hour earlier than usual.

Jay Shah, the secretary of BCCI (Board of Control for Cricket in India) and Arun Dhumal, treasurer of BCCI did not attend the IPL's governing council meeting.

"The tournament will run for 51 days, usually the IPL should go on for 49 days as per the constitution, however in the meeting it has been decided that we will go to Supreme Court for conducting the IPL in 51 days," sources within the BCCI said.

"As the tournament is running for 51 days, we will get the chance to play fewer doubleheaders, there would be just 10 double headers, evening matches will start at 7:30 and the afternoon matches will start at 3:30. 

The matches will be played across three venues at Abu Dhabi, Dubai, and Sharjah as travelling here by road is easier and bio-secure environment can be maintained," he added.

The IPL's governing council also confirmed that Women's IPL will also go on and four teams would be participating in it.

"When it comes to women's IPL, there would be four teams and the matches would be played at the time of playoffs for men's IPL," the source said.

The source within the BCCI also said that the governing council would be meeting again to discuss the Standard Operating Procedure (SOP) for all the franchises that need to be followed in the IPL.

The governing council meeting discussed the quarantine measures along with the standard operating procedures (SOP), bio bubble training facilities, stay and travel of the players.

Issues related to the broadcaster, shifting, and scheduling of the tournament, and DXB app to be downloaded for players and other officials were also discussed as well.

A few days earlier, the IPL Governing Council chairman Brijesh Patel had confirmed that the 13th edition of the mega event will commence on September 19 in the UAE.

This year's IPL was slated to commence from March 29 but the tournament was postponed due to the coronavirus pandemic.

The Emirates Cricket Board (ECB) had also confirmed receiving the official Letter of Intent from the BCCI to host the 2020 edition of the IPL.

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