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China invests in India Shanti and Sadhana through Music Roaring Ro-Ro facility L&T- the specialty of special purpose vehicles The power-full Hindujas Why land prices zoom in TN? Breaththrough in malaria control TN – agglomerate land holdings without alienating ownership The why of tax incentives Delhi returns to BJP Vibrant Gujarat When nations steal growth from one another… Limit foreign borrowings to hi-tech, export potential projects... When Ratan Tata visited SRM Modi and the lady Wanted: a second airport for Chennai Music happens Banning booze... A Grand Finale for SN’s MS centenary at the US… The Ports’ Pasha expands into Tamil Nadu How Air-India loses customs... Tax agriculture Gas is the way forward Secularism and anti-Hinduism Not just in-laws (and outlaws); they’ve renowned academics at the helm! Contrarian cousins Liberal imports idling indigenous capacities Lesson from Chandrababu Naidu Haul over the coal When small is no larger beautiful.. Polls and promises More Shakthi to Das’ elbow Sweeter prospects for sugar A rich pool of talent not utilised…. Modi storms Silicon Valley Towards speedy justice Tribute – M V Murugappan Medical costs hit the roof... Making ‘my Amaravati’... Kulandai was a giant Wise Presidents He saved millions from starvation... An enemy’s enemy is a friend Revving up the manufacturing sector For whom the MIDS bell tolls? Nuclear power at the nucleus Building loyalty through the stomach The nuclear option L&T: focus on infrastructure and more infrastructure… An informal presentation - analytical, forward locking... Make standards certification mandatory... Align crops to agro climate endowments… Welcome changes that testify to Jayalalithaa’s return to health Cleaning Ganga – relocate tanneries and install electric crematoria Increasing non co-operation of state leaders Tatas moving out of urea production... Tribute – Manikam Ramaswami PPP mode for upgrading Corporation Hospitals Air Asia India will set new benchmarks for budget travel Should we change the official year? Diamond jubilee of Egmore Samskrt School Intellectual of rare qualities Put expensive assets created to use... WTO Meet: resolved to meet again Valli, they are more marginalised West Bengal: mindless malignancy He continues the focus on social amelioration The ‘Jayanthi Tax.’ The Gulf aviation boom Odisha: spectacular win by Naveen Patnaik CRS, a jewel among managers, is no more. Parliament in paralysis... Recognition to role of NBFCs.... Naidu’s return augurs well for Seemandhra Build close rapport with business leaders Tribute Kudos to NDTV... Fortune for Indian Airlines Cutting the nose to spite the face Solar thermal shines… EVM is tamper-proof A yen for wastage… A proud Madrasi Dr C Rangarajan returns to Chennai Solar, solar everywhere … A friendly business group Road development slows down Editor's Says GNS - 100: our first subscriber The balancing act Five star activism stalls development activity Where is Rajaji? Airlines in India: cost and space Computation of GDP – conundrums continue Lalu’s envy, India’s pride Of course, Gujarat is vibrant Robber barons everywhere TN accounts for the largest recruits by the IT sector Demise of a media baron... SoA @ 80 The brown list of Venkitaramanan A more liberated TN… Preserving for the future Eternal support for capitalisation of PS banks Poor representation for Kerala and TN in Cabinet R Sridhar steps down as CEO of Shriram Capital Infrastructure funding – lessons learnt More Shakti to resource mobilisation... Return to king coal for urea... The ‘Ayyo-yes’ is no more S Ramanathan – a versatile musician, musicologist Where a state respects its litterateurs… Remembering Indira Sivasailam... B H Kothari - a tribute Naidu will soon build a new Hyderabad The rise and rise of KCP Inflation: are we emulating Argentina and Brazil? Sweet news for TN sugar mills The star of Spencers is no more Excel Generators provide the vital back-up GM Technology at last! F C Kohli - his concerns all embracing An inexplicable neglect Godspeed, Chief Minister JJ Bihar – Nitish Kumar adopts the Lalu model Welcome focus on core competence Come elections, come advertisements... Maximising the micro pricing … All eyes on Sankara Nethralaya Another Indian music maestro at the UN Rahman at CIC No Maha Koottani in TN... Welcome GST Adapt Vajpayee dinner diplomacy TN-leverage strength of BHEL, NLC... Mu Sigma – is no more Why this malaise in medical education? Pharma – overdose of copying IAS invades NDDB... Bihar elections - the Rajaji formula worked Silver Years of Madras Musings Reliance’s TV – 18 ready to launch Tamil News Channel Discoms deserve better… IPL type auction for VCs? When online building permits work…. No mega rail project for Tamil Nadu Boy, can you beat these? Telangana in top gear… A glass full of corruption The Swadeshi Trump London, London Narayan Tough task taking states together EEC at the National Media Centre Tribute – UCAL Selvan… A Grand Finale for SN’s MS centenary at the US… Mersal magnified Shale gas and its shallow future Shipping woes of Chennai companies Engineering seats go abegging ONGC at KG Basin Moily’s bold thrust Gay abandon in pricing Fortune 500 review TELANGANA at last…BUT Paytm karo... Strengthen the base... Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Fuel for thought More tributes to GR CSR and CMI: promise of another Srinivasan Ramanujan... Russi Mody – a tribute Permanent secretariat for TN GIM 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 CIPET hqrs to stay at Guindy – for the present? A C Muthiah – his munificent bequeaths to science No engine for this car PC’s preference for professionals Land reclamation from sea appears cheaper! Scientists urged to take up farmer-oriented research Revive development banks... Auto components surge… Focus on quality of power - its only around 170-180V Waning interest in public discussions… S V Raju – a ‘good’ true liberal Padma Bhushan for A Ramakrishna The sea- saw battle continues... Small units prefers to remain small... Quality education through the PPP mode The rise and fall of Annamalai University Tatas moving out of urea production... Delhi is distant Which side are you, Montek? Alexa – Talking Wikipedia Online not in line with brick and mortar businesses... There was flood of milk. Reason: no milk commissioner! Rs.1600 crore paper board plant of TNPL When TN politicians can emulate Kerala's Convulsions in The Hindu New IT products of Ramco in the pipeline… Like Hinduism: many paths to reach God... Insurance companies bleeding, yet no decision on increasing FDI limit! …and of a popular trade leader Readers' Mail A welcome initiative by the judiciary Multi-faceted Venkat TIAM turns a full cycle Adharma of opposition politics Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Editor's Notes Welcome thrust on trade in Modi’s foreign visits... Plummeting profits of PSBs Fall in crude prices help in oil sector reform Streamlining mandatory third party cover Measuring roof tops in terms of KW/MW TGS- The king storyteller For whom the bell tolls? The few handicaps... Colour-Chem’s colourful KRVS Noble nonagenarians... A think tank for Chennai Whistle-Stop Tour of Raghuram Rajan Things happen by accident and not by design... Cement prices continue to rise… Don’t seem to feel the pulse… Protest masters... The Jan Dhan bonanza Quality silica from Neyveli More heat than light Muffled voices for merit… Shaming of Tamils by Tamil farmers at Delhi Funding the un-funded This scant respect for Law IPL - no surprise this scam Delhi is distant… Poor quality of university VCs CII projects higher growth… MHC should not return to its old indisciplined ways Delhi Chalo... Marketing expert Balagopal is no more A professional at the helm of IRDA... Sri Lanka votes for change Tihar, Puzhal not different from Parappana Agrahara Kinetic Karnataka When the President was rendered homeless…
 
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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