BCCI predicted to be richer by Rs 20,000 crore from IPL media rights

Agencies
September 3, 2017

Mumbai, Sept 3: The Board of Control for Cricket in India (BCCI) Chief Executive Officer (CEO) Rahul Johri says the revenue generation from the upcoming Indian Premier League (IPL) media rights auction could be “historic”, considering the huge interest shown by various stakeholders.

“Monday’s auction could produce historic numbers. While I am not in a position to predict numbers, our primary focus is to deliver a transparent and robust bidding process for each and every stakeholder,” Johri said ahead of the auction.

“We are extremely grateful to the Honourable Supreme Court and the Committee of Administrators (COA) for having faith in our existing system,” he added.

The bidding for various media rights auction of the cash-rich league for a five-year period from 2018-2022 will take place in Mumbai on Monday.

The rights have been segregated in two categories -- broadcast and digital (internet and mobile) rights.

The rights on offer are Indian sub-continental TV rights, which is the most coveted along with emerging Indian sub-continent digital rights.

There is also rest of the world media rights on offer which includes key international markets like the Middle East, Africa, Europe, USA, Australia and New Zealand.

There are predictions that BCCI could be richer by more than Rs 20,000 crore through their earnings from the rights.

In 2008, Sony Pictures Network won the IPL media rights for a period of 10 years with a bid of Rs 8200 crore. The global digital rights of IPL for a period of three years was awarded to Novi Digital in 2015 for 302.2 crore.

“The IPL is one of the biggest cricketing property globally. That the best companies in the global market have shown interest is a testimony to the value that it brings in for the investors,” said Johri.

The digital rights market for Indian sub-continent could see a three-way battle between Reliance Jio Digital Services, and Airtel.

Johri agreed that digital rights could throw up interesting numbers.

“You have to understand digital market is growing very rapidly. The increase in bandwidth and connectivity for all the major digital players have also helped. The IPL is a catalyst for the growth of their business,” said the CEO of India’s richest sporting body.

There could be a possibility that some of the major players may get into a consortium (association of companies) to place bid for the global rights.

Asked if any major Indian company with interest in broadcast gets into a tie-up with an international player vying for digital rights for the rest of the world, Johri said that the possibility cannot be ruled out.

“Any combination as far as consortium is concerned is possible. We have to provide the best service to the stakeholders. A particular company may have a strong presence in one of the markets but may like to have an association with a company that has strong foothold in another market. If they come together and become the highest bidder, they are welcome,” Johri said.

Johri also explained the reason why the period of rights has been reduced from 10 years to five years.

“A period of 10 years was too long a period from a buyer’s perspective as well as seller’s perspective. In an ever changing world, a decade is a very long period which restricts the property (IPL) from growing.

“Now we have digital rights for five years. Currently, digital feed (live streaming) is a delayed but we don’t know how scenario will change after five years,” he stated.

The notable companies that have picked up tender document are Star India, Amazon Seller Services, Followon Interactive Media, Taj TV India, Sony Pictures Networks, Times Internet, Supersport International, Reliance Jio Digital, Gulf DTH FZ LLC, GroupM Media, beIN, Econet Media, SKY UK, ESPN Digital Media, BTG Legal Services, BT PLC, Twitter, Facebook Inc, BamTech, YuppTV, Discovery, Oath (Yahoo), Airtel, DAZN Perform Group.

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News Network
January 10,2020

Srinagar, Jan 10: Real Kashmir FC made a strong comeback in the second half to play out a 1-1 draw against former champions Punjab FC in their home I-League match here on Friday.

The 'Snow Leopards' equalised in the 62nd minute through Gnohere Krizo in front of a partisan crowd of 8,500 spectators after Makan Chothe had given Punjab FC the lead in the 21st minute at the TRC ground.

After Thursday's draw, Punjab FC is placed third on the table with 10 points from seven games. Real Kashmir FC remained at eighth with six points from five matches. This was Real Kashmir's third home match on the trot.

The match was a story of two halves as the first belonged to the visitors who enjoyed a 62 per cent possession of the ball, whereas the second belonged to the home side.

Both the teams were looking to gain an early advantage and Punjab FC took the lead after 21 minutes.

Confusion inside the Real Kashmir box because of a long ball from Punjab opened up an opportunity for Chothe and he made no mistake as he smashed the ball at the back of the net.

As the fans cheered on, Real Kashmir created a flurry of chances, but none of the home side players could find the back of the net. Punjab was able to hold on to their slender lead heading into the tunnel.

The second half resumed with Real Kashmir pressing high up the field and pressurising Punjab.

In the 56th minute, Real Kashmir playmaker Kallum Higginbotham cut through two defenders on the left side of the box and the ball fell to Mason Robertson, whose shot was too weak to trouble the Punjab goalkeeper.

Soon after, it was Danish Farooq who tried a curler from a distance but his shot did not have enough bend to trouble the Punjab goalkeeper. The home team's effort finally paid off in the 62nd minute.

A miscalculated header by Danilo Augusto fell at the feet of Gnohere Krizo, who was one-on-one with the keeper. He made no mistake in striking the ball into the opponent's goal to score the equaliser.

Real Kashmir was in their groove now, and Kallum came in from the right with a beautiful low cross across the face of the goal but Mason could not get a touch as the chance went begging.

The duo of Kallum and Mason were proving difficult for Punjab to deal with. In the 82nd minute, a beautiful long ball by Kallum found the head of a towering Mason, but the effort went just over the crossbar.

Within a few moments, Punjab again had another nervous moment as Chesterpoul Lyngdoh's cross from the right side hit the arm of Thoiba Singh but the referee turned down an appeal for penalty.

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Agencies
April 12,2020

London, Apr 12: Former Formula 1 legendary driver Stirling Moss died at the age of 90 on Sunday.

"All at F1 send our heartfelt condolences to Lady Susie and Sir Stirling's family and friends," Formula 1 said in a statement.

Often referred to as the greatest driver never to win the world championship, Moss contested 66 Grands Prix from 1951 to 1961, driving for the likes of Vanwall, Maserati and Mercedes, where he famously formed a contented and ruthlessly effective partnership with lead driver Juan Manuel Fangio.

In his 10-year-long stint at the tracks, Moss took 16 wins, some of which rank among the truly iconic drives in the sport's history - his 1961 victories in Monaco and Germany in particular often held up as all-time classics.

Moss won the 1955 Mille Miglia on public roads for Mercedes at an average speed of close to 100mph, while he also competed in rallies and land-speed attempts.

Following an enforced retirement from racing (barring a brief comeback in saloon cars in the 1980s) after a major crash at Goodwood in 1962, Moss maintained a presence in Formula 1 as both a sports correspondent and an interested observer, before retiring from public life in January of 2018.

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News Network
March 19,2020

Geneva, Mar 19: Regional Olympic officials are rallying around the IOC and have backed its stance on opening the Tokyo Games as scheduled, as direct criticism from gold medalist athletes built amid the coronavirus outbreak.

Leaders of continental Olympic groups praised the IOC after a conference call Wednesday to update them on coronavirus issues four months before the opening ceremony in Tokyo on July 24.

"We are living through an unpredictable crisis and as such, it is important that we have one policy, expressed by the IOC, and we follow that policy in unison," the Italy-based European Olympic Committees said.

However, when the International Olympic Committee published an interview with its president, Thomas Bach, after a separate call with athlete representatives, it prompted a four-time Olympic champion to urge postponing the games.

Bach acknowledged that many athletes were concerned about qualifying events being canceled, but noted that there were still four months to go until the games are set to be opened.

"We will keep acting in a responsible way in the interests of the athletes," Bach said.

British rowing great Matthew Pinsent wrote on Twitter that the comments from Bach, his former IOC colleague, were "tone deaf."

"The instinct to keep safe (not to mention obey govt instructions to lock down) is not compatible with athlete training, travel and focus that a looming Olympics demands of athletes, spectators organisers," Pinsent wrote.

Responding to the criticism from Hayley Wickenheiser, a four-time Olympic hockey gold medalist, the IOC said it was "counting on the responsibility and solidarity of the athletes."

Members reinforce faith in IOC

The IOC repeated its steadfast stance after a conference call with sports governing bodies, many of which have not completed qualification events for Tokyo.

"There is no need for any drastic decisions at this stage; and any speculation at this moment would be counter-productive," the IOC said.

That message was repeated after Wednesday's conference call by IOC executive board member Robin Mitchell, the interim leader of the group of national Olympic bodies known as ANOC.

"We share the view that we must be realistic, but not panic," Mitchell said in a statement released by the IOC on behalf of the Oceania Olympic group.

Offering unanimous support for the IOC's efforts to resolve qualification issues, the 41-nation Pan-American group noted challenges facing potential Olympians.

Australian Olympic Committee chief executive Matt Carroll said his organized recognized there was a global health crisis, but equally was assured by the IOC that the games would go ahead.

"We recognize people are suffering -- people are sick, people are losing jobs, businesses are struggling amid enormous community uncertainty. Things are changing everyday and we all must adapt," Carroll said.

"We owe it to our Australian athletes to do everything we can to ensure they will participate with the best opportunity in those Games."

Australia's team delegation leader said the focus now was "moving to the planning of our pre-Games preparation to ensure we get our athletes to the Games healthy, prepared and virus free."

"Clearly that is a major challenge for all National Olympic Committees," he said.

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