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Liberal imports idling indigenous capacities Inflation: are we emulating Argentina and Brazil? Land reclamation from sea appears cheaper! Don’t seem to feel the pulse… Why this malaise in medical education? The sea- saw battle continues... London, London Narayan Naidu will soon build a new Hyderabad Delhi returns to BJP More Shakthi to Das’ elbow Adharma of opposition politics GM Technology at last! Limit foreign borrowings to hi-tech, export potential projects... Boy, can you beat these? When TN politicians can emulate Kerala's Tribute – Manikam Ramaswami Preserving for the future Robber barons everywhere Convulsions in The Hindu Wise Presidents When Ratan Tata visited SRM WTO Meet: resolved to meet again Increasing non co-operation of state leaders Welcome changes that testify to Jayalalithaa’s return to health The balancing act Why land prices zoom in TN? PC’s preference for professionals A rich pool of talent not utilised…. Cement prices continue to rise… Roaring Ro-Ro facility CRS, a jewel among managers, is no more. Shaming of Tamils by Tamil farmers at Delhi Of course, Gujarat is vibrant S Ramanathan – a versatile musician, musicologist A think tank for Chennai Which side are you, Montek? Quality education through the PPP mode Remembering Indira Sivasailam... Diamond jubilee of Egmore Samskrt School China invests in India When small is no larger beautiful.. Excel Generators provide the vital back-up Dr C Rangarajan returns to Chennai Delhi Chalo... Wanted: a second airport for Chennai CII projects higher growth… No engine for this car Kudos to NDTV... Sweeter prospects for sugar The nuclear option Waning interest in public discussions… Recognition to role of NBFCs.... Kinetic Karnataka Shanti and Sadhana through Music Bihar elections - the Rajaji formula worked The Jan Dhan bonanza He saved millions from starvation... When online building permits work…. Quality silica from Neyveli Fall in crude prices help in oil sector reform Padma Bhushan for A Ramakrishna Tough task taking states together Fortune for Indian Airlines TIAM turns a full cycle The ‘Jayanthi Tax.’ Demise of a media baron... An inexplicable neglect Should we change the official year? Auto components surge… Banning booze... Naidu’s return augurs well for Seemandhra Computation of GDP – conundrums continue More heat than light The Ports’ Pasha expands into Tamil Nadu Breaththrough in malaria control Build close rapport with business leaders CIPET hqrs to stay at Guindy – for the present? Reliance’s TV – 18 ready to launch Tamil News Channel Tribute – M V Murugappan The Gulf aviation boom No Maha Koottani in TN... Colour-Chem’s colourful KRVS Fortune 500 review GNS - 100: our first subscriber EVM is tamper-proof Infrastructure funding – lessons learnt Lalu’s envy, India’s pride Streamlining mandatory third party cover Medical costs hit the roof... Tatas moving out of urea production... The ‘Ayyo-yes’ is no more Sri Lanka votes for change Air Asia India will set new benchmarks for budget travel West Bengal: mindless malignancy Road development slows down When the President was rendered homeless… A glass full of corruption PPP mode for upgrading Corporation Hospitals The power-full Hindujas Not just in-laws (and outlaws); they’ve renowned academics at the helm! A C Muthiah – his munificent bequeaths to science Where a state respects its litterateurs… IPL type auction for VCs? A yen for wastage… The rise and fall of Annamalai University A more liberated TN… Haul over the coal A friendly business group Tribute Bihar – Nitish Kumar adopts the Lalu model Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai R Sridhar steps down as CEO of Shriram Capital Modi storms Silicon Valley Solar thermal shines… Intellectual of rare qualities Gas is the way forward Vibrant Gujarat B H Kothari - a tribute Poor quality of university VCs The Swadeshi Trump TN-leverage strength of BHEL, NLC... Plummeting profits of PSBs Godspeed, Chief Minister JJ IAS invades NDDB... to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines S V Raju – a ‘good’ true liberal Whistle-Stop Tour of Raghuram Rajan Strengthen the base... TELANGANA at last…BUT Tihar, Puzhal not different from Parappana Agrahara Small units prefers to remain small... An enemy’s enemy is a friend A welcome initiative by the judiciary Delhi is distant… The why of tax incentives Things happen by accident and not by design... Scientists urged to take up farmer-oriented research Poor representation for Kerala and TN in Cabinet For whom the bell tolls? All eyes on Sankara Nethralaya Towards speedy justice Delhi is distant More Shakti to resource mobilisation... Measuring roof tops in terms of KW/MW Maximising the micro pricing … TGS- The king storyteller SoA @ 80 L&T: focus on infrastructure and more infrastructure… Put expensive assets created to use... Moily’s bold thrust Insurance companies bleeding, yet no decision on increasing FDI limit! Focus on quality of power - its only around 170-180V ONGC at KG Basin Fuel for thought Polls and promises Airlines in India: cost and space How Air-India loses customs... Readers' Mail Another Indian music maestro at the UN Modi and the lady Protest masters... Making ‘my Amaravati’... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated …and of a popular trade leader EEC at the National Media Centre Cutting the nose to spite the face Telangana in top gear… F C Kohli - his concerns all embracing Where is Rajaji? MHC should not return to its old indisciplined ways More tributes to GR The brown list of Venkitaramanan Online not in line with brick and mortar businesses... Noble nonagenarians... There was flood of milk. Reason: no milk commissioner! Parliament in paralysis... Secularism and anti-Hinduism An informal presentation - analytical, forward locking... Engineering seats go abegging Return to king coal for urea... Muffled voices for merit… Welcome thrust on trade in Modi’s foreign visits... Lesson from Chandrababu Naidu Funding the un-funded Building loyalty through the stomach Rs.1600 crore paper board plant of TNPL A professional at the helm of IRDA... TN – agglomerate land holdings without alienating ownership When nations steal growth from one another… Make standards certification mandatory... Adapt Vajpayee dinner diplomacy Russi Mody – a tribute Align crops to agro climate endowments… Solar, solar everywhere … Alexa – Talking Wikipedia Shale gas and its shallow future Valli, they are more marginalised This scant respect for Law Odisha: spectacular win by Naveen Patnaik Kulandai was a giant New IT products of Ramco in the pipeline… Marketing expert Balagopal is no more Nuclear power at the nucleus No mega rail project for Tamil Nadu Sweet news for TN sugar mills Contrarian cousins Pharma – overdose of copying Mersal magnified Revive development banks... Five star activism stalls development activity He continues the focus on social amelioration Tatas moving out of urea production... Silver Years of Madras Musings Come elections, come advertisements... A proud Madrasi Rahman at CIC Welcome focus on core competence Permanent secretariat for TN GIM Discoms deserve better… A Grand Finale for SN’s MS centenary at the US… L&T- the specialty of special purpose vehicles TN accounts for the largest recruits by the IT sector Revving up the manufacturing sector Editor's Notes Paytm karo... Like Hinduism: many paths to reach God... Tribute – UCAL Selvan… Welcome GST A Grand Finale for SN’s MS centenary at the US… For whom the MIDS bell tolls? Tax agriculture Mu Sigma – is no more Multi-faceted Venkat Editor's Says Gay abandon in pricing The star of Spencers is no more CSR and CMI: promise of another Srinivasan Ramanujan... Shipping woes of Chennai companies Music happens Eternal support for capitalisation of PS banks IPL - no surprise this scam The rise and rise of KCP The few handicaps... Cleaning Ganga – relocate tanneries and install electric crematoria
 
IPL - no surprise this scam
“A BILLION betrayed for a few lakhs” is how the Times of India called it. The Hindu wrote, “Sreesanth puts IPL in a spot, fans in a fix.” That way, one needs to be neither shocked nor surprised. It was just waiting to happen.

The Indian Premier League (IPL) has been the most prolific revenue stream in recent years. It pulls crowds in the thousands on ticket prices that are astronomical. There are constant efforts at expanding the contours of entertainment: if in the earlier years it was a threesome cheerleaders of buxom, sexy dancers, today this includes dancers with local cultural flavours more fully clad. From the drinks served and the food offered to television ads, everything is expensive. With flourishing businessmen and superstars as team owners and with players bought through auctions, there is money all over the place.

In a system where players are bought on vastly varying prices, there is bound to be heartburn on the part of those at the lower rung. A few players at the top have been bought at million dollars, and those at the bottom paid just a few lakhs of rupees. Plus those bought at high prices may perform poorly compared to those at the bottom.

Purchases are made based on past performance and the stature of a player rather than his current capabilities. Like: Ricky Ponting bought for $400,000 by the Mukesh Ambani-owned Mumbai Indians. His record has been consistently poor despite the glamour of his opening the innings with the other celebrity Sachin Tendulkar. This most illustrious pair has been a disaster for MI in all the initial games featuring them. Mercifully, Ponting opted to sit on the bench and the Indian God of cricket still struggles to show consistency.


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