Virat Kohli could eclipse MS Dhoni as highest earning Indian sportsman

Agencies
November 27, 2018

New Delhi, Nov 27: Being the highest profile athlete in the world's second most populous country, India cricket captain Virat Kohli has built such a formidable brand across the spectrum that even his occasional brash and indiscreet comments fail to tarnish it.

Watches, cars, sports shoes, motorbikes, clothes, ride services, tires, snacks, health foods, headphones - even toothbrushes -- they have all had the Kohli marketing treatment.

The 30-year-old cricketer with tattooed arms and coiffured hair currently endorses 21 brands including Tissot, Audi, Puma, Uber and Hero, pushing him into the Forbes's 2018 list of the world's 100 highest-paid athletes.

Coming in at No. 83 on the back of his estimated $24 million income over the previous 12 months, Kohli is the world's top earning cricketer and comes in ahead of other high-profile athletes such as Novak Djokovic and Sergio Aguero.

It is unlikely he would ever be able to challenge the likes of current Forbes' No.1 Floyd Mayweather or No. 2 Lionel Messi due to cricket's appeal being mostly tied to a small batch of predominantly Commonwealth countries.

However, he could soon eclipse Mahendra Singh Dhoni as the highest earning Indian sportsman ever. Former India cricket captain Dhoni earned $31 million in 2015 as he promoted a series of brands.

His success off the pitch is matched by his prowess on it.

A prolific scorer of runs, on Sunday he produced a match winning innings to help India to victory over Australia and his performances have ensured he enjoys rock star status in the cricket-mad country of 1.3 billion.

He wed actress Anushka Sharma last year to create a marriage between cricket and Bollywood, India's two biggest obsessions, helping give him a 'family man' image that can appeal to a middle class audience - and harness its spending power.

That does not mean he has lost traction with India's youth.

"The youth of the country - and more than half of India's population are under 25 - can identify themselves with the man living their dream," said Kohli biographer Vijay Lokapally.

Kohli has a strong social media presence with over 37 million fans on Facebook and is followed by more than 25 million on Instagram and 27.1 million on Twitter.

"He speaks his mind, takes stands, interacts on social media - all of it goes well with his fans," Lokapally said, describing Kohli as "complete theatre".

PREPARED TO SHOCK

His sponsors have had a bumpy ride at times.

When a cricket fan recently described Kohli, the world's top ranked test batsman, as "overrated" and said he would rather watch Australian and English batsmen than "these Indians", Kohli responded with both barrels.

"You should go and live somewhere else, you know," he said in a video posted on his personal telephone app, which he uses to interact with fans and sell merchandise.

"Why are you living in our country and loving other countries? I don't mind you not liking me but I don't think you should live in our country..."

Kohli later said he was "all for freedom of choice" and while the episode burnished his reputation as being touchy about criticism it did little to damage his brand

Quite the opposite, said Tuhin Mishra, managing director of sports marketing firm Baseline Ventures.

"Such frankness can actually boost the brand, provided it aligns with the brand's message," said Mishra, whose firm manages other Indian cricketers including Ravindra Jadeja and Prithvi Shaw.

"After all, brands also want to be seen as patriotic."

"Sports and Bollywood stars usually avoid controversies, but fans want their icons to have a voice," he added.

Cornerstone Sport & Entertainment, the company which represents Kohli, declined to discuss his endorsements and sponsorships.

According to Forbes, $20 million of his total comes from endorsements and $4 million from salary and so-called "winnings", which would include prize money.

Kohli's earnings could continue to increase thanks to India's strong growth - it is the fastest growing large economy in the world and that should mean many more marketing dollars - and the obsessive interest in cricket here and across the Indian diaspora.

He has smoothed out some of his rough edges. He does not endorse soft drinks or skin-lightening cream anymore, advocates a healthy lifestyle, and comes across as a family man and a leader.

He fights for salary hikes for his players, demands that players' partners be allowed on tours, and seeks to influence who is appointed team coach.

Mishra of Baseline Ventures said Kohli's appeal had evolved.

"As an aggressive youngster, he was attractive to certain brands then. As married, mature and responsible captain of the team, he is attractive to another set of brands now," he said.

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
August 6,2020

New Delhi, Aug 6: The BCCI on Thursday suspended the IPL title sponsorship deal with Chinese mobile phone company Vivo for the event's upcoming edition amid heightened tensions in Sino-India diplomatic ties.

The BCCI sent out a one-line statement, without giving details, saying that Vivo would not be associated with the IPL this year. "The Board of Control for Cricket in India (BCCI) and vivo Mobile India Pvt Ltd have decided to suspend their partnership for Indian Premier League in 2020," the statement said.

Meanwhile, Vivo released its own statement saying that the two entities "have mutually decided to pause their partnership for the 2020 season".

Vivo won the IPL title sponsorship rights for five years from 2018 to 2022 for a reported sum of Rs 2,190 crore, approximately Rs 440 crore per annum.

The two parties are now working out a plan in which Vivo might come back for a fresh three-year period starting 2021 on revised terms.

However, a top BCCI official offered a different view. "Here we are talking about diplomatic tensions and you expect that after November, when IPL ends and before the next IPL starts in April 2021, there would be no anti-China sentiment? Are we serious?" a veteran BCCI official said on conditions of anonymity.

The anti-China sentiment in the country peaked after the violent face-off between the Indian and Chinese troops in eastern Ladakh. India lost 20 soldiers in the clash, while China also acknowledged unspecified casualties.

The stand-off at the Line of Actual Control (LAC) caused outrage across India with several calls for boycotts of Chinese companies and products.

The BCCI is now likely to float a tender for new IPL title sponsors as mandated by its constitution. The glitzy T20 league starts on Sept. 19 in the UAE, forced out of India due to the rising COVID-19 cases.

The new development is in stark contrast to what came out of Sunday's IPL's Governing Council meeting, where it was decided that Vivo, along with all the other sponsors, will remain on board.

This was after the BCCI had announced in June that all sponsorship deals pertaining to IPL will be reviewed in the aftermath of the clash in the Galwan Valley.

However, after Sunday's meeting, there was a huge backlash on social media about the BCCI holding on to Vivo.

Both parties then began thrashing out an amicable separation plan, at least for this season.

However, the end of this deal could spell losses for the franchises as they get a substantial share from the sponsorship pool. Half of the annual Vivo sponsorship money is distributed equally among eight franchises, which comes to Rs 27.5 crore.

"As of now, it will be very difficult for the BCCI to match the sponsorship amount at such short notice. Therefore, both BCCI and the franchises should be prepared to lose out on some money -- BCCI more but each franchise from Vivo's exit will potentially lose 15 crore," the official said.

"This year will be difficult for everyone but the show must go on," the official said.

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

Aukland, Feb 5: Striker Navneet Kaur scored a brace to guide the Indian women's hockey team to a convincing 3-0 win over New Zealand in the last game of its five-match tour here on Wednesday.

Navneet found the net in the 45th and 58th minutes, while Sharmila scored a field goal in the 54th minute as India drew curtains on the New Zealand tour on a bright note.

After a goalless opening two quarters, Navneet finally broke the deadlock for India in the 45th minute.

Sharmila then doubled the lead when she struck a powerful shot past the New Zealand goalkeeper in the 54th minute. Navneet found the net again just two minutes from the final hooter with a beautiful field strike.

India began the tour by thrashing New Zealand Development squad 4-0 before suffering close 1-2 and 0-1 defeats to the home senior team.

In penultimate game of the tour, skipper Rani's lone strike handed India a 1-0 win over Great Britain.

"...I am happy we produced three goals against New Zealand in the last match. This tour gave us a good insight about where we need to improve and one of the things is to create faster play than we do now," said India's chief Coach Sjoerd Marijne.

Commenting on his side's performance during the tour, Marijne said, "Sometimes we tend to keep the ball too long on the stick and then we create pressure. We need to avoid that by passing faster.

"On the defence side, we need to be a bit more calmer and need to improve our tackling. We will have a four week camp after a short break when we return home and we will be working on these points."

The Indian team will return home on February 7.

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
March 4,2020

Mar 4: The BCCI has decided to implement strict cost cutting measures with the notable decision being IPL 2020 champions' prize money will be halved as compared to 2019. In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore, the IPL champion team will now receive Rs 10 crore only. "The financial rewards have been reworked as a part of the cost cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore," a BCCI notification, in possession of news agency, read.

The two losing qualifiers will now get Rs 4.375 crore each.

"The franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken," a senior BCCI source said.

However, a state association hosting IPL games will get Rs 1 crore each with franchises and BCCI contributing Rs 50 lakh each.

It has also been learnt that mid-level BCCI employees won't be allowed to avail business class flights like earlier times for flying to the Asian countries (Sri Lanka, Bangladesh, UAE) where the flying time is less than eight hours.

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.