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Thread: Indian Badminton League (IBL)
11-12-2012, 12:46 AM #18
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11-12-2012, 12:58 AM #19
IBL a major boost for Indian icons
MUMBAI, November 12, 2012
Five icon players identified for six franchise teams may not be the only brick missing in the Indian Badminton League project. ...presumably the sixth may also be a yet unnamed Indian international.
...Availability of top-notch players from China is another grey area, viewed against the Chinese federation’s reluctance to expose its best players during international competitions as part of the strategy.
...“The IBL will offer attractive appearance money to all players. The winning franchise will take home more than Rs. 3.5 crore,” he said. For now, 24 foreigners will be signed up by six franchises (four per team). None of them are listed among the icons, a factor which will not affect their desire to take part, according to Chadha. The base price listed for the top 10 foreigners at the auction is $25,000 onwards, for foreigners in the top 25, $15,000 and beyond that $10,000.
“This is just the base price fixed for foreign stars, it can increase based on demand from franchises at the auction,” said the Sporty Solutionz spokesperson. Indian icons command the highest base price ($50,000), so the five internationals named above have plenty of motivation to perform in elite company.
Television coverage is an area where negotiations are in progress. “Three television companies are in touch with us for rights,” said Chadha. He had earlier informed that live telecast of 28 matches in season one would reach more than 150 countries. It is learnt that since entertainment featuring Bollywood names form part of the two-day badminton package (based on Sudirman Cup format), organisers are looking at television channels known for promoting sports and entertainment on prime time.
11-12-2012, 02:13 AM #20
Honestly,if the IBL don't have world class players, the concept will end up promoting more of gambling(including illegal ones) than the popularity of the sport itself,let alone raise the level of Indian badminton.
Lin Dan and Lee CW not as well-known as the local Indian stars? That will automatically and quickly correct itself once the IBL starts as the stakeholders and bettors will make sure of that, or maybe even earlier during the auction stage.
That's why I think the Axiata Cup,though a good idea, by basically limiting it to SEA countries only (though PHI has one or two foreigners) will generally benefit the weaker badminton countries more, say PHI, Vietnam, in terms of raising the popularity and level of the sport.
As for China's interest in IBL, I have some doubts. CBA,I believe, already made concessions for their national players to take part in CBSL and that's as far as they will go, for their top priority is to do honour and win glory for the nation. Still,the IBL organizer should try their best to persuade China to at least let their second stringers (many of whom are world-beaters) join IBL for mutually beneficial and obvious reasons(more to IBL's advantage).
With a sufficient number of world class players from various countries participating,the success of IBL is more assured in addition to the more important goal of contributing to raising the standard of Indian badminton.
Lastly,let's be honest, CBSL don't really need any foreign players. I'm sure they do it to add variety, entertainment value and more excitement for the viewers as their competition level is already the highest in the world.
11-12-2012, 02:25 AM #21
11-12-2012, 02:27 AM #22
According to somebody, CBSL does not need any foreign players. But BAI should try their best to persuade China to at least let their second stringers. Whats the point he is making here with such a contradictory statement?.
CBA should increase the number of foreign players. Because there are more valuable talented players in the world arena. They have to be taken to play for CBSL. Lee chong wei is good. There is no doubt in that. Lots more are there as well.
Only 6 franchise teams would be there during the start of the tournament. That means 24 foreign players are going to participate. Out of that, how many belong to which nation, everything will be known only during auction. So, we have to wait and watch till the auction date. Lee Chong Wei, Taufik Hidayat , Ratchanok are sure. I hope even mitani may get selected.
11-12-2012, 03:07 AM #23
Prize money is an issue that does not concern the players. The prize money is for the "team" i.e. the owners of the winning team/s.
The players will gain whatever is bid for them at the auctions. From the marketing and popularising standpoint, the correct approach is to let the public in India know that the Indian players get the highest base price. The Indian players are stars and already highly marketeable in India, a country that is fervent about their chosen sports stars. So IMO this is correct strategy by the organisers.
Now, each franchise will be aware that they need the best available players to win the tournament, and this in turn will mean bidding wars for the best international players. I wouldn't be surprised if some of the top people go for far more than $50K each. What would be interesting is to see if the teams are given a budget cap for the auctions, and what the budget is. As yet, there has been no word on this.
Frankly, if I were the CBA, I'd not give up on the opportunity this presents. Allowing some of the top China players to participate will be great for expanding the awareness of badminton in a huge, as-yet-untapped market with huge potential. But it will be much bigger in terms of the sporting message that is sent by these 2 Asian giants who have not always been friends. And the Chinese players have an equal chance to become household names in a country that revers sporting heroes.
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11-12-2012, 03:31 AM #24
Precisely,all the more the franchisees will strive to win the top two prizes to recoup their investments and start making money (I'm not speculating on other means, side betting?). You play to win.
@scorpion, 'contradictory statement?'. I'm afraid you've confused yourself, a simple reading of my entire post would clarify your mind.
I merely wish to contribute my 2-cents' worth. You needn't be so negative towards any views that appear not to accord with yours and would appreciate input from various people,not just Indian fans and supporters.
If you'r serious about IBL, make it good if not the best in the world. What's the ultimate purpose of IBL? For the franchisees and players to make money or for India to become a badminton major power?
11-12-2012, 03:47 AM #25
For clarification,as it is an Ipl type league I will take the example of IPL here.
The Prize money is not a big issue for the franchises.In IPl the total prize money is $5million with the winning team getting $2 million,but if u see at teams auctioning,franchises like pune warriors went for $370million for 10 years,so u can say $37million a year....this clearly shows that prize money is never a factor from starting...
Last edited by depleter; 11-12-2012 at 03:55 AM.
11-12-2012, 03:50 AM #26
11-12-2012, 03:51 AM #27
Economics of the Indian Premier League
Q: How does IPL make money?
- Auction of broadcasting rights
- Title sponsorship and corporate sponsorship
- Sale of tickets (20% of tickets allocated to IPL)
- Auction of franchisees rights
- Official umpire’s sponsorships
- Share of broadcasting money with franchisees
- Share of sponsorship money with franchisees
- Share of ticket money with franchisees
- Inauguration expenses
- Prize money: $5 million ($3 million for winner; $2 million divided among others)
- Share in revenue from broadcast rights (equal share for all franchisee after IPL’s share)
- Share in sponsorship money (60% of the amount distributed equally)
- Share in revenue from sale of tickets
- Revenue from in-stadium advertising
- Sale of players to other franchisee
- Revenue from own sponsorship and corporate sponsorship
- Franchisee fees – 10% of total franchisee costs every year to IPL
- Players’ cost (Each franchise have paid around $4-6 million per year)
- Match fees and Inauguration expenses
- Rent of stadium (expense of around Rs.2.5mn per match)
- Marketing and promotional cost (around $3-4mn per team)
- Fee for coaches, physiotherapists and other members.
- Administrative cost
11-12-2012, 04:33 AM #28
Seriously, you underestimate the Chinese provincial players. Have you ever seen CBSL?
This guy I bet not many has heard of him, but look how he plays. The point I was making (whether you like it or not is another question) is that many of the second string Chines players (not even national squad players) could beat many of the Indian top players. I can list about 10 I can think of off the top of my head who I reckon could beat most (if not all)
Tian Houwei, Zhou Wenlong, Chen Yukeun, Qiao Bin etc etc.
So why not send 2nd string players? Just cause they're not as marketable? At the end of the day, the franchise will care about winning, and they'll want to pick the best talent at the cheapest price to maximise revenue.
Edit: I should add that I never intend to cause offence (and can't see where I have done)
11-12-2012, 04:42 AM #29
@depleter,thanks for the clarification and information.
I get your point. From the franchisee's point of view,even if they make most of their money from other avenues,they still have to aim for the IBL championship or at least runner-up as well as having hugely popular players in their teams, if not those sponsors,advertisers,etc may lose interest. Which means even the local Indian players will have to perform creditably and not lose all the time, so before they spend the 50k they will think long and hard.
Btw,how are the income shared among the franchisees? In equal percentage? I doubt so, except for the two mentioned,i.e.broadcast rights and general,not own, sponsorship; there might be a scale, with the top teams getting more of it, I suppose.
More important is their own corporate sponsors, big-time sponsors will go for the better teams. The sale of top,marketable players is a lucrative business too.
11-12-2012, 04:58 AM #30
If you are not at all making fun of it, what is that?. Just simply you valued with your imaginary calculation process with unknown attributes? How come you judged it. Any thesis behind your work?? Lol.
11-12-2012, 05:37 AM #31
Well,it only shows LDrules is willing to bid at most 5k whereas scorpion is happy to pay 50k, that's all. What's the problem. Any franchisee/bidder has a right to place any value they like or not bid at all,simple as that.Relax.
LD rules! liked this post
11-12-2012, 06:31 AM #32
Number of titles won by Gutta/Ponnappa in the last 3 years? How many? The same amount as all of us in this thread (0) (commonwealth games doesn't count as that is not a BWF Sanctioned event.
So the number of titles is compatible to that of the Chinese players I mentioned already.
So why would it be 50k? Where is the basis for such a large fee? There is no pedigree behind that valuation!
If Lee CW is $25k and he has won several titles this year, then why would it be 50k each for a pair that the best they've done is QF in the last 2 years?
Now do you see where I'm coming from?
I get that they're Indian, so you can market them, but if you're saying that's the sole basis then maybe india isn't ready to have foreign players playing in the IBL. If the badminton public haven't heard of LCW and LD, then maybe the level of promotion hasn't been big enough yet to warrant these players.
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11-12-2012, 07:01 AM #33
But Its too odd to talk about a person's worth . You did not even get the basic meaning of IBL. Its similar to IPL for cricket. Just go ahead and read all those related topics and then come and do your imaginary comparisons and values.. Lol
11-12-2012, 07:56 AM #34
the income may not exactly depend on the winning percentage....as if we take IPL ,during the first season the only franchise that broke even is kolkatta knightriders owned by none other than shah rukh khan and co....while the rest broke even in 2nd or 3rd seasons....It's all in the marketing...
It's never about big time sponsors going for better teams...it's all about sponsors trying to reach out into that area....
However,I think that Saina would be the highest auctioned person here ,rest others...But if this goes as in IPL,the icons would get 15% more than the highest auctioned person in the same team....so all this questions and queries are unnecessary as both jwala and ashwini are icons here...
I actually think that lee chong wei will go to the 6th franchise which did not purchase any icon...and as for lin dan and other Chinese..I actually doubt CBA would allow them to play in India...