Lalit Modi
👤 SpeakerAppearances Over Time
Podcast Appearances
Oh, we got to. So for folks who don't know, we alluded to it earlier, but it is a totally zany, incredibly fun, like everything that is sort of a problem for baseball, the Savannah Bananas have fixed, except that it is not an actual sport. Right. It's a pure entertainment product right now. Yeah. But the fact that it exists at all should be very alarming to MLB.
Oh, we got to. So for folks who don't know, we alluded to it earlier, but it is a totally zany, incredibly fun, like everything that is sort of a problem for baseball, the Savannah Bananas have fixed, except that it is not an actual sport. Right. It's a pure entertainment product right now. Yeah. But the fact that it exists at all should be very alarming to MLB.
I mean, I think everybody who was invited to bid was.
I mean, I think everybody who was invited to bid was.
Totally. This is another bull case, at least valuation wise on IPL franchises that someone made to me in the research. India far punches above its weight relative to its GDP when it comes to billionaires. There are a lot of billionaires in India, so there are a lot of potential buyers of sports franchises in India. And there are only 10 viable major sports franchises, the 10 IPL teams.
Totally. This is another bull case, at least valuation wise on IPL franchises that someone made to me in the research. India far punches above its weight relative to its GDP when it comes to billionaires. There are a lot of billionaires in India, so there are a lot of potential buyers of sports franchises in India. And there are only 10 viable major sports franchises, the 10 IPL teams.
And let's say they expand to 12 or 14 or 16, whatever. There's going to be more demand for those assets relative to the supply. Yeah, absolutely.
And let's say they expand to 12 or 14 or 16, whatever. There's going to be more demand for those assets relative to the supply. Yeah, absolutely.
I don't think so. The only example I can think of from our sort of acquired canon here is Visa and DeHawk of a founder of something of this magnitude that did it without really realizing anything. equity for himself. I mean, I guess Morris Chang and TSMC, too, although Morris over time did get quite a significant stake in TSMC through equity grants.
I don't think so. The only example I can think of from our sort of acquired canon here is Visa and DeHawk of a founder of something of this magnitude that did it without really realizing anything. equity for himself. I mean, I guess Morris Chang and TSMC, too, although Morris over time did get quite a significant stake in TSMC through equity grants.
And Dee, I think, got paid quite a bit at Visa, too. So it's not to say, like, it couldn't happen, but I think it's pretty rare. And that BCCI structure... was really a blocker for the incentives here. So it's like you almost needed a Lollet to come along and be like, do this on behalf of the BCCI while wetting my beak, so to speak, on the side too.
And Dee, I think, got paid quite a bit at Visa, too. So it's not to say, like, it couldn't happen, but I think it's pretty rare. And that BCCI structure... was really a blocker for the incentives here. So it's like you almost needed a Lollet to come along and be like, do this on behalf of the BCCI while wetting my beak, so to speak, on the side too.
All right. I've got a quintessence for IPL, and then I have two related broader takeaways associated with it. My quintessence for the IPL is that they, and by they I mean specifically Lalit Modi and IMG, designed the thus far most perfect sports entertainment product that mankind has ever known.
All right. I've got a quintessence for IPL, and then I have two related broader takeaways associated with it. My quintessence for the IPL is that they, and by they I mean specifically Lalit Modi and IMG, designed the thus far most perfect sports entertainment product that mankind has ever known.
Previous to the IPL, that was the NFL, but they actually managed to improve the sports entertainment product. If you are designing a sports entertainment product for the modern media landscape, the NFL, because of its history, it actually started in the previous pre-television world and certainly pre-streaming world. Yeah.
Previous to the IPL, that was the NFL, but they actually managed to improve the sports entertainment product. If you are designing a sports entertainment product for the modern media landscape, the NFL, because of its history, it actually started in the previous pre-television world and certainly pre-streaming world. Yeah.