IPL Teams In Big Demand In Cricket-Crazy India, Two Teams Sold For Rs 32,000 Cr

IPL teams are in demand like never before. In the space of a few hours, two teams were sold for a combined value of Rs 32,000 crore, which is phenomenal indicating how valued the Indian cricket watching public are and for whose eyeballs such princely sums are being paid. If the IPL is such good business bringing in the big bucks for team owners, why are so many teams lining up to be sold. Maybe, they are just smart owners cashing in on the big valuation game that the original owners may have played in picking up teams cheaply as they did in 2008. Just imagine RCB was bought by Vijay Mallya for what seemed an expensive Rs 320 crore bid and is now going for a price 500 times more. Rajasthan Royals have also been on the block for some time now after various original owners came under a cloud. The biggest loser in this business of cricketainment may have been Deccan Chargers whose team was taken away incorrectly and whose owners were awarded Rs 8,000 crore in arbitration. But try collecting from the BCCI and you will come up against a wall, much as teams like the Kochi Tuskers did despite arbitration awards. The smartest ones were the United Spirits (Diageo) which inherited the team from Mallya and are cashing in now.