Roger Federer and Rafael Nadal earn more than Kohli, Dhoni in an IPTL season

March 3, 2016

New Delhi, Mar 3: There is a perception that Indian cricketers are the highest paid sportspersons across the eight domestic leagues in the country. But this notion has been dispelled by a Research Services Agency, Super Insight, which in its document titled 'Indian Sports Salaries Report 2016', has claimed that tennis legends Roger Federer and Rafael Nadal alone earn double than Indian ODI skipper Mahendra Singh Dhoni or Indian Test captain Virat Kohli for playing in just one season of the International Premier Tennis League (IPTL).

Roger

Not only this, Pro Wrestling League (PWL) is the most watched league in India in terms of the TRP ratings followed by the Pro Kabaddi League (PKL), and not the Indian Premier League (IPL).

London Olympic bronze medallist wrestler Yogeshwar Dutt commands the highest advertisement value for a 60-second spot during the leagues at Rs 1.65 lakh per minute, surpassing the likes of cricketer Yuvraj Singh, who earns Rs 1.01 lakh per minute in the IPL followed by Kohli, Dhoni and Suresh Raina (Rs75,000 per minute).

Out of Rs823 crore salaries paid to players in the IPL, IPTL, PWL, PKL, Indian Super League (ISL), Hockey India League (HIL), Premier Badminton League (PBL) and Champions Tennis League (CTL) in India, the domestic players earn just Rs 296 crore as compared to their foreign counterparts, who get a whopping Rs527 crore by featuring in these leagues.

A total of 857 players, 521 Indian and 336 foreign, play in the eight leagues. The Rs1,100 crore ($162 million), earmarked for players' salaries by the eight leagues, is 75 per cent of India's total sports budget.

According to the report, Federer and Nadal are the highest earning players with Rs 26 crore each for playing in the IPTL. While Federer or Nadal's individual earning from IPTL is equal to what all the players in the HIL draw as salaries, if the income of the two taken combined, then also it will be more than that of all players' salaries in PBL, PKL and PWL and HIL. The IPTL's average pay out per player is Rs 5.5 crore, while IPL's is Rs 2.5 crore.

Overall, Indian players rank 36 on the average pay out amongst the players from 73 countries playing in eight leagues. The 169 players considered for this report across the eight IPL teams in 2014-15 earned Rs419.5 crore between them at an average of Rs 2.48 crore per player.

India (44 %) is followed by Australia (11 %), South Africa (6 %), and Switzerland (5 %) as the highest earning countries sending players for playing in the Indian leagues.

The report has been prepared after comprehensively analysing the various sports leagues in India, the cost benefit analysis on players' acquisition deals, the comparative analysis of eight leagues and undertaking valuation of the franchises and leagues.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 5,2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
January 24,2020

Mumbai, Jan 24: Former Indian cricket captain and former MP Mohammad Azharuddin on Thursday denied allegations of cheating levelled by a travel agency in Maharashtra and threatened to file defamation suit of ₹100 crore.

"Those who filed the FIR have done it only to be in the limelight. There is no truth in it. The allegations are baseless," Azharuddin said in a video message on Twitter.

Azahruddin, who is now president of Hyderabad Cricket Association, said he would soon seek advice from his lawyer and will file Rs 100 crore defamation case against those who lodged the FIR.

A case was filed in Aurangabad on Wednesday against Azharuddin and two others for allegedly cheating a local travel agent of around ₹21 lakh.

The complaint was lodged by Shahab Y. Mohammed, 49, proprietor of Danish Tours & Travels here, a former executive with the defunct Jet Airways.

"We have lodged a first information report against Mujeeb Khan (Aurangabad), Sudheesh Avikkal (Kerala), Mohammed Azharuddin (Hyderabad). No arrests have been made and further investigations are underway," Investigating Officer A.D. Nagre, of the City Chowk police station, told IANS.

According to the complainant, between November 9 and 12, 2019, Avikkal booked several international airline tickets and Azharuddin's personal secretary Mujeeb Khan promised to pay the ticket charges. He said since no payment was made, he was compelled to lodge the police complaint.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 20,2020

Dhaka, Jun 20: Former Bangladesh skipper Mashrafe Mortaza on Saturday tested positive for coronavirus.

The skipper had gone for a coronavirus Test last week, and now his reports have come back as positive, ESPNCricinfo reported.

As per a report in ESPNCricinfo, it is not known how Mortaza contracted the virus.

Mashrafe, also a member of the parliament from Narail 2 constituency, had stepped down as the ODI captain of the country in March this year.

Covid-19 cases have crossed 1,00,000 mark in Bangladesh and the government is now planning area-wise lockdown.

Bangladesh was slated to face Sri Lanka in July in a three-Test series and the side would have later hosted New Zealand in August, but both series look unlikely now.

The Asia Cup, scheduled for September, is also uncertain due to the coronavirus.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.