Saina, Chong Wei rule the roost at IBL auction

July 23, 2013

Chong_Wei

New Delhi, Jul 23: Saina Nehwal is the top female sportsperson of the country. If you wonder how much that translates into real money terms, think $120,000.

Who got whom in IBL auction

For that is the amount Hyderabad Hostshots shelled out for her at the inaugural Indian Badminton League auction in the Capital on Monday.

It translates into about Rs 71 lakh, not too much if you consider that some of the cricketers have gone for ten times more at the IPL auction.

But if you consider that the Hostshots splurged 43 per cent of their total purse of $275,000 to buy 10 players, you will understand how precious she really is.

The London Olympics bronze medallist was undoubtedly the biggest Indian draw and the team from her city went out of its way to keep the star at home.

Only one shuttler fetched a bigger amount under auctioneer Bob Hayton's gavel, and that is Malaysia's World No. 1 Lee Chong Wei. Mumbai Masters bid $135,000 for his services, warding off fierce competition from the likes of Banga Beats and Delhi Smashers.

The Hotshots owners were, of course, the ones who sported the biggest smiles on the day. Rajeev Kamineni, the executive director of PVP Group, was delighted to corner two icons from the badminton world: Saina and Taufik Hidayat.

"Saina and Taufik have caught the attention of the world for close to a decade now. It is great that we have them on board," Kamineni, who bought Taufik at the base price of $15,000, said on Monday.

The Hyderabad franchise also shelled out generously for Ashwini Ponappa's new doubles partner Pradnya Gadre, who went for $46,000, up from her base price of $10,000.

Their last two buys Kanthi Visalakshi and Shubhankar Dey were bought for $3,000 each because they had only that much left to buy the reserve players.

Mumbai, after blowing away nearly half of their purse on Chong Wei, had to settle for the likes of Manu Attri ($10,000) and Sikki Reddy ($11,000) to make up the numbers.

Others like Lucknow Warriors purposely didn't go above a certain limit even for the 'icon players', with their biggest buy being young PV Sindhu for $80,000.

"Some of the teams don't understand that they have to win five different types of matches - men's singles, women's singles, men's doubles, second men's singles and mixed doubles - to progress in this tournament. Players like Chong Wei and Saina are no doubt good buys but will only win you one match each. If we had bid as aggressively, we probably wouldn't have had a balanced side like we have now," Sahara India spokesperson Abhijit Sarkar told TOI on Monday.

The auction, though, was not without its controversies. The 2010 Delhi Commonwealth Games women's doubles champions Jwala Gutta and Ponnappa went to Delhi Smashers and Pune Pistons at $31,000 and $25,000 after their base price was reduced from $50,000 to $25,000 following a meeting of all the franchises on Sunday night.

IBL's decision not to have women's doubles event in the tournament was probably the reason behind Gutta and Ponnappa's slide. "Last night, we had a closed bidding but then two players Jwala and Ashwini went unsold, so the women's doubles was scrapped and it was decided that their base price be slashed to $25,000," said Ashish Chadha, CEO of Sporty Solutionz, the commercial partner of IBL.

"Since Jwala and Ashwini were signed as icon players for the women's doubles, the IBL decided to safeguard their interest by paying them the deficit amount and give them a chance to fetch a bigger amount in the auction," said Chadha.

The player contracts will be valid for two years. The organisers claimed that the players are eligible for 15 per cent hike on this amount next year but some of the franchise owners were unaware of the clause.

Among other big Indian buys were Commonwealth Games bronze-medallist Parupalli Kashyap, picked up by Banga Beats for $75,000 while little-known Maneesha went for $26,000, more than six times her base price of $4,000. World No. 7 Tinh Minh Nyugen and world No. 4 Juliane Schenk were bought by Pune for $44,000 and $90,000.

Lee Chong Wei: $135,000

The Malaysian is the current World No.1. After Lin Dan, Lee Chong is considered to be the best men's singles player of his generation. Aged 30, Lee Chong has failed in his bid to win an Olympic gold in Beijing (2008) and London (2012). Lin Dan ensured that the gold travelled to China and Lee had to be satisfied with silver. He will lead the charge for Mumbai Masters.

Saina Nehwal: $120,000

Currently ranked World No.3, Saina reached the highest point of her career when she won the Olympic bronze medal in London 2013. She almost single-handedly challenged China's domination and scripted some memorable victories over Li Xuerui, Wang Shixian and Wang Lin. She will represent the Hyderabad Hosts, her home team.

Juliane Schenk: $90,000

She brings a lot of German spunk in her game. Retrieving shots from almost impossible angles is the hallmark of her game. She is the best female player to have emerged from Germany and crowned her career when she won the Singapore Open Superseries title in 2012. She is ranked 4th in the world.

Pradnya Gadre: $46000

She made news when Ashwini Ponnappa chose to partner her in the Indian doubles team breaking her long-term relationship with Jwala Gutta. Currently Ashwini and Pradnya are ranked World No. 27. The Nashik girl won both the doubles titles - mixed and women's - in the VV Natu Memorial All-India ranking tournament that ended on Sunday. She is a good buy for Hyderabad.

PV Sindhu: $80000

It is not surprising that PV Sindhu has fetched such a huge price. She is India's best bet after Saina Nehwal. At 18, she has already beaten 2012 Olympic gold medalist Li Xuerui in the China Masters Super Series. If he gets to play against Saina, it would be an interesting feature of the IBL.

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Agencies
January 9,2020

Jeddah, Jan 9: Barcelona coach Ernesto Valverde criticised the new Supercopa format and said that "football has become a business and as a business it looks for income".

"The bottom line is football has become a business and as a business it looks for income. That's the reason we are all here," Goal.com quoted Valverde as saying ahead of Barca's semi-final against Atletico.

"It's a completely different format to what we're used to. It was always the first title and the opener of the season and to me, that seemed fine," he added.

The Supercopa was traditionally a two-legged affair played between the winners of La Liga and the Copa del Rey at the beginning of the season, but following last term's one-off meeting between Barca and Sevilla in Tangier, Morocco, the Royal Spanish Football Federation (RFEF) went ahead with a full revamp.

Instead of just two teams being involved, the Supercopa has been expanded to also include the runners-up from La Liga and the Copa - meaning Barca and Valencia are joined by Real Madrid and Atletico Madrid. It is also set to be hosted in Saudi Arabia for the next three editions.

"It's been changed and let's see, it will be judged once it has happened. It's interesting, with four good teams, but from a sporting point of view, I'm not sure," Valverde said.

"We must bear in mind that the football we are involved in is an industry, sources of income are sought and in the same way that there are special connotations in this country, there are also in Morocco, where we played last year," he added.

Barcelona will face Atletico Madrid in the semifinal of the Supercopa at King Abdullah Sports City Stadium in Jeddah on January 10.

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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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News Network
March 26,2020

New Delhi, Mar 26: As India continues its fight against coronavirus, the Board of Control for Cricket in India (BCCI) President Sourav Ganguly pledged to donate rice worth Rs 50 Lakhs to the needy people.
The Cricket Association of Bengal (CAB), in its statement, said Ganguly along with Lal Baba Rice will provide rice to people who have been put in government schools for safety and security.
"#Sourav to provide Free Rice to the Needy It is heartening to note that Sourav Ganguly along with Lal Baba Rice has come forward to provide free rice worth Rs 50 lacs to the needy people who have been put in government schools for safety and security. Hope this initiative of Ganguly would encourage other citizens of the state to take up similar initiatives to serve the people of our state. #CAB," CAB said in a statement.
CAB President Avishek Dalmiya has also lent support to the needy people as he donated Rs 5 lakhs to the Government's Emergency Relief Fund.
"CAB President donates 5 lakhs to the Government's Emergency Relief Fund to fight against #CoronaVirus/#Covid19," CAB said in a statement.
Prime Minister Narendra Modi on Tuesday announced a 21-day nation-wide lockdown to contain coronavirus.

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