Lalit Modi

We paid you $620 million over four or five years or whatever it was for the rights to all of BCCI cricket. This is what we're paying you for. IPL is a BCCI product. We should have this already. It makes sense to me. I see the argument. And of course, what do you think Lalit says? Nope. IPL was not specifically laid out in the contract.

We paid you $620 million over four or five years or whatever it was for the rights to all of BCCI cricket. This is what we're paying you for. IPL is a BCCI product. We should have this already. It makes sense to me. I see the argument. And of course, what do you think Lalit says? Nope. IPL was not specifically laid out in the contract.

And if you would like to sue me, you are welcome to go ahead and sue me. Good luck here winning.

And if you would like to sue me, you are welcome to go ahead and sue me. Good luck here winning.

And I mean, look, Nimbus is already making out great. They went from being like a middling broadcaster that had no sports rights to all of a sudden having all of the sports rights. And yes, they paid a lot of money for it, but they're making a lot of money for it here too. Which this is always Lollett's argument of I make money for everybody. Yeah.

And I mean, look, Nimbus is already making out great. They went from being like a middling broadcaster that had no sports rights to all of a sudden having all of the sports rights. And yes, they paid a lot of money for it, but they're making a lot of money for it here too. Which this is always Lollett's argument of I make money for everybody. Yeah.

And this just is how business in India gets done, or at least was how business in India gets done in this timeframe, you know, call it 2008. Sure, from our U.S., American, and Western perspectives, we can look at this and be like, well, what was actually the letter of the contract? And shouldn't there be a process here? And does Nimbus have these rights?

And this just is how business in India gets done, or at least was how business in India gets done in this timeframe, you know, call it 2008. Sure, from our U.S., American, and Western perspectives, we can look at this and be like, well, what was actually the letter of the contract? And shouldn't there be a process here? And does Nimbus have these rights?

Star is still out because... Another amazing Lollick quote. He just doesn't let bygones be bygones. He's talking about how he sets up the broadcasting rights auction. Rupert Murdoch, I had blacklisted. I would never allow him in due to what had already happened. So I blacklisted Rupert Murdoch. Amazing. I mean, this was 10 years ago that that happened.

Star is still out because... Another amazing Lollick quote. He just doesn't let bygones be bygones. He's talking about how he sets up the broadcasting rights auction. Rupert Murdoch, I had blacklisted. I would never allow him in due to what had already happened. So I blacklisted Rupert Murdoch. Amazing. I mean, this was 10 years ago that that happened.

ESPN and Disney corporate says that they are interested in bidding on these rights separately from Star, which they're already a JV in, but they think this is so interesting they're interested in bidding. Ultimately, though, they can't get comfortable enough to put an actual bid in.

ESPN and Disney corporate says that they are interested in bidding on these rights separately from Star, which they're already a JV in, but they think this is so interesting they're interested in bidding. Ultimately, though, they can't get comfortable enough to put an actual bid in.

They say, we will broadcast it over the top as Disney, soon to be Disney Plus in the coming years, but we're only going to do it on a rev share basis. We won't give you cash up front. We'll just share advertising revenue with you. Yeah. Obviously, that's not what Lala wants because he needs the cash to have the central sponsorship guarantees, central media guarantees out to the franchises.

They say, we will broadcast it over the top as Disney, soon to be Disney Plus in the coming years, but we're only going to do it on a rev share basis. We won't give you cash up front. We'll just share advertising revenue with you. Yeah. Obviously, that's not what Lala wants because he needs the cash to have the central sponsorship guarantees, central media guarantees out to the franchises.

So what does he do? He just runs the same playbook he's always been running, which he goes to another broadcaster who does not have a sports channel or sports presence. This time it's Sony, which is the number two broadcaster at India at this point. But like Nimbus before and Disney before that did not have a sports channel. And he says, I will make you a sports channel.

So what does he do? He just runs the same playbook he's always been running, which he goes to another broadcaster who does not have a sports channel or sports presence. This time it's Sony, which is the number two broadcaster at India at this point. But like Nimbus before and Disney before that did not have a sports channel. And he says, I will make you a sports channel.

And by the way, this isn't just sports. This is sports and Bollywood and the greatest entertainment product that India and the world has ever seen. Yep. And the minimum bid for this is $600 million for 10 years. But I am expecting a billion over 10 years, which would put it roughly on parity with the India international cricket rights that Nimbus had bought the year before. So Sony's like...

And by the way, this isn't just sports. This is sports and Bollywood and the greatest entertainment product that India and the world has ever seen. Yep. And the minimum bid for this is $600 million for 10 years. But I am expecting a billion over 10 years, which would put it roughly on parity with the India international cricket rights that Nimbus had bought the year before. So Sony's like...

Okay. We're interested. We see the value here. But 10 years is a big commitment for what is essentially a startup.

Okay. We're interested. We see the value here. But 10 years is a big commitment for what is essentially a startup.