Lalit Modi

You know, they're deeply involved in the league. Like the Umbanis and Reliance are not going to let this thing fail.

You know, they're deeply involved in the league. Like the Umbanis and Reliance are not going to let this thing fail.

Yep, exactly. So that now brings us into the most obvious revenue stream expansion opportunity here. Which is the stadiums, to come back to that, and local revenue. Right. It's kind of a pittance. Yeah. I think it would be an exaggeration to say that the stadiums are crappy. They're not crappy. You watch IPL games and they're fine.

Yep, exactly. So that now brings us into the most obvious revenue stream expansion opportunity here. Which is the stadiums, to come back to that, and local revenue. Right. It's kind of a pittance. Yeah. I think it would be an exaggeration to say that the stadiums are crappy. They're not crappy. You watch IPL games and they're fine.

They kind of look like American sports stadiums from the 70s or something like that. It's not Dirt Fields, but it's also not Chase Center or like the Vikings Stadium or any of these new NFL stadiums that are just gleaming multi-billion dollar palaces. And there's good reason for that. Yeah, they make 10x more revenue. And also, because the IPL is so short,

They kind of look like American sports stadiums from the 70s or something like that. It's not Dirt Fields, but it's also not Chase Center or like the Vikings Stadium or any of these new NFL stadiums that are just gleaming multi-billion dollar palaces. And there's good reason for that. Yeah, they make 10x more revenue. And also, because the IPL is so short,

Right now, it doesn't even make that much sense if you were to flip over to having teams build and own their stadiums or be more deeply involved. They just don't play that many games. They only play seven home games right now. Right. But as you expand the league, expand the number of games, this starts to make more sense.

Right now, it doesn't even make that much sense if you were to flip over to having teams build and own their stadiums or be more deeply involved. They just don't play that many games. They only play seven home games right now. Right. But as you expand the league, expand the number of games, this starts to make more sense.

So I think if you can find a way to smartly, without risking the economics of the league... upgrade the infrastructure and the stadium infrastructure here. Like there is just so much low hanging fruit. I mean, all the playbook that is run in the NFL, in the NBA, luxury suites, seat licenses, fan experiences, mixed use of the real estate, dining, shopping, cinema, Bollywood, huge opportunities.

So I think if you can find a way to smartly, without risking the economics of the league... upgrade the infrastructure and the stadium infrastructure here. Like there is just so much low hanging fruit. I mean, all the playbook that is run in the NFL, in the NBA, luxury suites, seat licenses, fan experiences, mixed use of the real estate, dining, shopping, cinema, Bollywood, huge opportunities.

Just basically send Jerry Jones to India and take care of this. So what's the opportunity there? Like right now, IPL teams are making 15% of their revenue locally and 85% is central revenue. If you could get to an NFL type model where it's 40% local, 35, 40% local for the best teams... That's a whole nother significant amount of revenue coming in there. Yeah. Hundreds of millions for the league.

Just basically send Jerry Jones to India and take care of this. So what's the opportunity there? Like right now, IPL teams are making 15% of their revenue locally and 85% is central revenue. If you could get to an NFL type model where it's 40% local, 35, 40% local for the best teams... That's a whole nother significant amount of revenue coming in there. Yeah. Hundreds of millions for the league.

I think if you do that and you have the media rates on par with the NFL, then you bring up the rest of the revenue streams up to on par. Now you're definitely on par with the NFL. And this is still all domestic. Totally all domestic. So that brings us to, I think, one of the two biggest wildcards here for the IPL. And that's the Saudis and Middle East money.

I think if you do that and you have the media rates on par with the NFL, then you bring up the rest of the revenue streams up to on par. Now you're definitely on par with the NFL. And this is still all domestic. Totally all domestic. So that brings us to, I think, one of the two biggest wildcards here for the IPL. And that's the Saudis and Middle East money.

They absolutely want to get involved here.

They absolutely want to get involved here.

The most recent IPL super auction that just happened was held in Saudi Arabia. Really? Not just is it they want this to happen. Inroads are being put in place that something will probably happen here. Now, this could go either way. It's sort of like a carrot and a stick, a threat and an opportunity. The threat is that you have a live golf situation that they say, well...

The most recent IPL super auction that just happened was held in Saudi Arabia. Really? Not just is it they want this to happen. Inroads are being put in place that something will probably happen here. Now, this could go either way. It's sort of like a carrot and a stick, a threat and an opportunity. The threat is that you have a live golf situation that they say, well...

They have basically unlimited money.

They have basically unlimited money.