Lalit Modi

And Redbird, the big sports private equity firm in New York that's an investor in the Rajasthan Royals, they're also a big investor in Dream 11.

And Redbird, the big sports private equity firm in New York that's an investor in the Rajasthan Royals, they're also a big investor in Dream 11.

That said, it's still kind of in this gray area right now. I don't know what the likelihood of this is, but if true gambling were to become legal in India, given that $750 million of betting is already happening on foreign bookmaking markets per match, that's a huge revenue unlock there. Yep. So all that to say, I don't know how likely is either the U.S.

That said, it's still kind of in this gray area right now. I don't know what the likelihood of this is, but if true gambling were to become legal in India, given that $750 million of betting is already happening on foreign bookmaking markets per match, that's a huge revenue unlock there. Yep. So all that to say, I don't know how likely is either the U.S.

getting interested or other non-cricket playing countries around the world getting interested and or IP and gambling. I could totally see some of that happening.

getting interested or other non-cricket playing countries around the world getting interested and or IP and gambling. I could totally see some of that happening.

Yes, let's do it.

Yes, let's do it.

Yep.

Yep.

Yeah, cricket is actually the second biggest sport in the world with two and a half billion fans behind soccer.

Yeah, cricket is actually the second biggest sport in the world with two and a half billion fans behind soccer.

Yeah. Totally great question. I think the issue is just that India is such by far the center of gravity, by which I mean, you know, the other billion cricket fans in the world are too dispersed among other countries. So, like, if you're going to set up a rival league, you got to set it up somewhere, right? So where are you going to choose? Are you going to do Australia?

Yeah. Totally great question. I think the issue is just that India is such by far the center of gravity, by which I mean, you know, the other billion cricket fans in the world are too dispersed among other countries. So, like, if you're going to set up a rival league, you got to set it up somewhere, right? So where are you going to choose? Are you going to do Australia?

Are you going to do Pakistan? Are you going to do the UK? Are you going to do the West Indies? And there are rival leagues in all of those countries. But the percentage of mindshare that you're going to be able to get

Are you going to do Pakistan? Are you going to do the UK? Are you going to do the West Indies? And there are rival leagues in all of those countries. But the percentage of mindshare that you're going to be able to get

of the global cricket audience caring about your league and the cornered resource that you would then have of your domestic cricket board of those players in that league, you're not going to be able to restrict enough talent density of players relative to a fan base in any other single country in the world.

of the global cricket audience caring about your league and the cornered resource that you would then have of your domestic cricket board of those players in that league, you're not going to be able to restrict enough talent density of players relative to a fan base in any other single country in the world.

the West Indies cricket board could say, Chris Gale, you can't play in the IPL. And at one point in time, they did try to say that. Huh.

the West Indies cricket board could say, Chris Gale, you can't play in the IPL. And at one point in time, they did try to say that. Huh.