Tuesday, 29 November 2011

IPL Teams Come Together

DNA Reports that the franchises of all the nine IPL teams met recently in Mumbai. Though they are not calling it a union, this meeting is to ensure that the franchises are not hood-winked by BCCI. The major agenda seems to be on avoiding multi-crore payment to BCCI for Ravindra Jadeja. 

Interest in Jadeja:
With the disbanding of Kochi Tuskers, all Kochi players would be available in the auction. And since Ravindra Jadeja is the only major coveted player, he is bound to go for secret bidding. 

Demands to BCCI
The representatives have sent their demands to Rajiv Shukla - who has called the governing council meeting on Dec 3rd to discuss the same. 

For more info, please visit @ DNA

Wednesday, 23 November 2011

CSK makes 138 Crores of Revenues for India Cements

Financial Success Crucial For Any Sports Club
One of the key reasons for the long-term success of large football clubs like Manchester United, Real Madrid, Barcelona, etc. is their financial success. None can disagree today that the long-term success of a sports club on the field is dependent on their profitability & financial success - off the field. That is why it is crucial for Chennai Super Kings to be the most financially successful club in IPL. 

CSK Makes Record Revenues
And the recent reports of Chennai Super Kings shared during the quarterly reports of India Cements has a lot of 'good news' for CSK Fans. With a revenue of Rs. 138 crore in April - Sept 2010 and highest EBITDA (Earnings Before Interest, Taxes, Deductions and Amortisation) i.e. Profits are positive news to us. 

Professional Management
These results demonstrate the club is professionally managed - both on and off the field. Only hope that the team will continue to invest its profit in the players & future CSK stars rather than ploughing the money  back to the parent company.