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    IPL - ENTERTAINMENT OR SPORTS Final PPT 2

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    soniya0287
    The document discusses whether the Indian Premier League (IPL) is more entertainment or sports. It provides details on the IPL including its founding, teams, investors like NRIs and political parties, and controversies around betting and Lalit Modi earning money through scams. The document also outlines how the IPL makes money through broadcasting rights, tickets, franchises, and sponsorships. It notes that the IPL generates significant tax revenue and is more of an entertainment product promoted through celebrities, merchandise, and cinema screenings of matches.

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    IPL - ENTERTAINMENT OR SPORTS Final PPT 2

    Uploaded by

    soniya0287
    858 views19 pages
    The document discusses whether the Indian Premier League (IPL) is more entertainment or sports. It provides details on the IPL including its founding, teams, investors like NRIs and political parties, and controversies around betting and Lalit Modi earning money through scams. The document also outlines how the IPL makes money through broadcasting rights, tickets, franchises, and sponsorships. It notes that the IPL generates significant tax revenue and is more of an entertainment product promoted through celebrities, merchandise, and cinema screenings of matches.

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    IPL –ENTERTAINMENT OR SPORTS final ppt 2

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    The document discusses whether the Indian Premier League (IPL) is more entertainment or sports. It provides details on the IPL including its founding, teams, investors like NRIs and political parties, and controversies around betting and Lalit Modi earning money through scams. The document also outlines how the IPL makes money through broadcasting rights, tickets, franchises, and sponsorships. It notes that the IPL generates significant tax revenue and is more of an entertainment product promoted through celebrities, merchandise, and cinema screenings of matches.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    858 views19 pages

    IPL - ENTERTAINMENT OR SPORTS Final PPT 2

    Uploaded by

    soniya0287
    The document discusses whether the Indian Premier League (IPL) is more entertainment or sports. It provides details on the IPL including its founding, teams, investors like NRIs and political parties, and controversies around betting and Lalit Modi earning money through scams. The document also outlines how the IPL makes money through broadcasting rights, tickets, franchises, and sponsorships. It notes that the IPL generates significant tax revenue and is more of an entertainment product promoted through celebrities, merchandise, and cinema screenings of matches.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 19

    BGIMS Subject Analysis of Financial Statement Submitted to Prof.

    f. Rajan GROUP MEMBERS: SONIYA BADEKAR 03 MMS ISHA SHAH 13 PG VIKRANT BHOSALE 02 PG NEHA KALE 40 MMS DHANANJAY

    Is IPL and Entertainment or Sports??????

    Contents
    WHAT IS IPL? Teams of IPL INVESTORS IN TEAMS Why NRI in IPL? Black marketing Media Entertainment How does IPL make money? How Official making Money form IPL? The role of betting in fixing an IPL match How does Lalit Modi earns? Taxation structure for IPL IPL is more of entertainment than sports

    WHAT IS IPL?
    The Indian Premier League is a professional league for Twenty20 cricket competition in India. It was initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai Vice President Chirayu Amin, current chairman & commissioner of IPL, and CEO, Sundar Raman. The Idea of Indian Premier League Twenty20 Cricket competition in India came from Canada where they play 2020 matches which is called as County Cricket in Canada.

    Teams of IPL
    Bangalore Royal Challengers -Vijay Mallya (UB Group)

    Kolkata Knight Riders - Shahrukh Khan, Juhi Chawla and Jai Mehta
    Chennai Super Kings - India Cements Ltd. Delhi Daredevils - GMR Infrastructure Mumbai Indians - Reliance Industries Ltd.

    Rajasthan Royals - Emerging Media, Shilpa Shetty, Raj Kundra Kings XI Punjab - Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) Deccan Chargers - Deccan Chronicle

    Pune Warriors Sahara


    Kochi Tuskers Kerela - Kochi Cricket Private Limited

    INVESTORS IN TEAMS:
    Political parties Individual through agents NRI, Non resident Indian

    Why NRI in IPL


    As per laws in India, an NRI can bring tons of money in India the NRI transfer the money to India through his/her NRI bank account in India and invest in Indian business firms and turn Black Money into White Money also called as Money Laundering

    Black marketing
    Black marketers selling tickets in black i.e. ticket of Rs 500 is now being sold at Rs 3,000-7,000 Black marketers also selling fake tickets. Selling tickets for the finals for Rs 3,000 - Rs 2 lakh

    Media Entertainment

    How does IPL make money?


    Auction of broadcasting rights. Title sponsorship and corporate sponsorship. Sale of tickets (20% of tickets allocated to IPL). Auction of franchisees rights. Official Umpires sponsorships.

    Official making Money form IPL


    Benefits to Players Benefits to Franchisee:

    Inflows & Outflows

    The role of betting in fixing an IPL match


    Betting rates will go high when two good teams clash each other. Example: Suppose a team X is going to win according to the current form of playing batsmen. Immediately we can see somebody signals from the dressing room. Another player of the team will run to the ground as if to change bat, or new glove or sometimes with a bottle of water. You can see small murmuring happens between the playing batsmen and the player came from Dressing room (Pavilion). Within minutes, we will witness that the match will turn upside down. This is happening in all forms of cricket, even in international cricket also.

    How does Lalit Modi earns?


    Scams Done by Lalit Modi: Mr. Lalit Modi Increased the limits of bidding on players by each Franchise and also the time limit of bidding as compared to initial stage. This incurred lot of money to Lalit Modi He was also involved and encouraged Match Fixing. In 2009 Mr. Modi was alleged to have offered US$ 50 Million to the Kochi franchisee to go back and give their franchisee to the Ahmedabad Team in order to gain more profits from this transaction.

    Lalit Modi had equity stake or unknown equity stake in almost every franchisee directly or indirectly through his relatives and friends which was against the rule of IPL Game ( i.e. No single member of Board of Members can involve or have stake in franchisee of IPL Team directly or indirectly). Also some Sweat equity stake ( equity share paid for some kind of hard work) were also given to Lalit Modi Other scam are betting, match fixing, money laundering , other scams, etc.

    Taxation structure for IPL


    To be Accrued as Tax Deducted at Source (TDS) from the remuneration paid to players, umpires, coaches, commentators Advertising, marketing and consultancy services of the sporting extravaganza will be taxed under the service tax bracket

    Rs 91 crore as taxes (TDS) from the IPL 2008, while IPL 2009
    hosted in South Africa had fetched a few crores as income tax accrued from the BCCI (the organiser) Expected to rake in more than Rs 200 crore as taxes in IPL 2010
    Source: Deccan Herald (Print media)

    This time its government decision to exempt the Indian Premier League 2011 from entertainment TaxPublished By Shubhangi Khapre on 12march 2010 DNA. It is cricket-ainment time at cinema halls across India, with nearly 650 screens (IPL) matches. There will be no entertainment tax exemption on IPL tickets in Cinema. The government will be charging about 20 to 34%, which is the same for any film ticket The tax exemption given to the BCCI was withdrawn in November 2009 and the organisation will be taxed on income from tournaments and related activities

    IPL is more of entertainment than sports



    IPL Fever Official Magazine on IPL Celebs promoting IPL in different way Franchisee selling accessories of their with their team name Telecom Company earning money in IPL Board of Control for Cricket in India (BCCI) earned huge amount of money Police department getting money as part of security allowances The addition of teams representing Pune and Kochi Cheer girls being performing in IPL Cinema halls gearing up for live telecasts of (IPL) matches

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