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Ken Borland



CSA and SuperSport could not turn down deep pockets and experience of IPL owners 0

Posted on August 29, 2022 by Ken

With teams like the Chennai Super Kings and the owners of the Mumbai Indians investing in South Africa’s new T20 league, sources say Cricket South Africa and SuperSport could not turn down the millions of dollars they stand to make and have awarded all six franchises to IPL bidders with deep pockets and plenty of experience in operating professional sport franchises.

CSA confirmed that the owners of the six franchises in the new league to start next January would be Mumbai Indians owners Reliance Industries (based at Newlands); RPSG Sports Private Limited, the owners of Lucknow Super Giants (Kingsmead); Sun TV Network Limited, the owners of Hyderabad Sunrisers (St George’s Park); Chennai Super Kings (Wanderers); Royals Sports Group, of Rajasthan (Boland Park) and JSW Sports, the co-owners of Delhi Capitals (SuperSport Park).

And, in keeping with the Indian Premier League being the richest cricket tournament in the world, those six investors’ bids reportedly far outstripped any other of the 20-odd Expressions of Interest CSA received. Sources say the average bid for a franchise amounted to $25 million, and nobody else could compete with those numbers.

The team owners will pay 10% of that figure per year, for 10 years. CSA get roughly half of that annual fee, amounting to $1.25 million per team, per year; and that amounts to $7.5 million per year, which, by today’s exchange rate, is a whopping R128 million per annum.

It is not exaggerating to say domestic cricket will die without that extra income allowing CSA to subsidise their vital pipeline.

Over the 10-year lifespan of these franchise deals, that will be an injection of more than a billion rand into South African cricket.

One South African cricket insider described it as “crazy money” and, with an appealing time zone in terms of the Indian market, the new T20 league should become an international brand in its own right.

It is believed the Chennai Super Kings put in an enormous $40 million bid for the Wanderers franchise, which is probably 10 times more than the leading local bidders could afford.

The compulsory local development initiatives that all bidders had to have as part of their submissions is also an appealing prospect for the domestic game. It is hoped that these IPL owners will allow the provincial structures based at the six venues to play an active role in the league, rather than just flying in and taking over the premises for a couple of months and then jetting off again.

With the Indian teams having made such a massive investment, could the South African league be the first to benefit from an allowance for current Indian players to compete in the tournament in the years to come?

‘You have a debt to society’ Player tells U.S. golfers 0

Posted on May 25, 2020 by Ken

“You have got to understand that you have a debt to society,” the great Gary Player said when asked what message he would give to American golfers playing for millions of dollars every weekend on the U.S. PGA Tour. And then the 84-year-old nine-time Major winner and Grand Slam champion took a potshot at the lack of American golfers playing in the Nedbank Golf Challenge at Sun City.

The U.S. PGA Tour offered more than $375 million of prizemoney for 46 official events last year, with order of merit winner Brooks Koepka taking home $9,684,006.

The Nedbank Golf Challenge, of which Player is the host, is part of the prestigious Rolex Series on the European Tour and the winner gets $2.5 million, one of the biggest prizes in world golf. But there was only one American in the field last year in David Lipsky, the world number 193 at the time, who plays mostly on the European Tour. In 2018, not a single American accepted the invitation.

“I’m in favour of the guys making as much money as they can but when you consider that I won just $45 000 for winning the PGA Championship in 1972 then it’s fair to say we worked so hard in those days so they could win big money. You’ve got to understand you have a debt to society and so many golfers do a fine job and golf is the greatest catalyst for charitable giving.

“But Sun City offered the biggest prize ever last year and there was not one American who played. They wanted 5-6 million dollars just to play. I would have rowed over from America for that kind of money! I would tell them you are not fulfilling your debt to promote the game that enabled you to live the way you do,” Player said on Thursday night in a webinar hosted by Citadel Investment Services.

South Africa’s Sportsman of the 20th Century also said to count him amongst those players who have said this year’s Ryder Cup must be played with spectators allowed or be postponed. The biennial match between the United States and Europe is scheduled for September 25-27 at Whistling Straits in Wisconsin, but there have been suggestions it will have to be played without galleries, a move which has been rejected by golfers on both sides of the Atlantic.

“The Ryder Cup is a hard call. I never played in it for obvious reasons, but I can understand both sides. The sponsors put in a lot of money and the tournament wouldn’t exist without them, or the media too. Sponsors and the media are the reason why golfers nowadays play for absurd amounts of money.

“But the whole enthusiasm of the Ryder Cup is such that if there was just a deathly silence you wouldn’t want to play. So I’m with the players on this, but my heart bleeds for the sponsors and media. But the tournament can be delayed, rather do that like they’ve done with the U.S. Open and the Masters. Golfers will also have to make sacrifices and play over Christmas or whenever,” Player said.

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  • Thought of the Day

    Ephesians 4:13 – “Until we all reach unity in the faith and in the knowledge of the Son of God, and become mature, attaining to the whole measure of the fullness of Christ.”

    The standard against which we measure our progress is nothing less than the character of Christ. It sounds presumptuous to strive for his perfection, but we must aim no lower.

    Of course, comparing what you are to what Christ is could make you pessimistic and you give up. However, intellectual and spiritual maturity doesn’t just happen – it requires time and energy to develop your full potential.

    “Never forget His love for you and that he identifies with you in your human frailty. He gives you the strength to live a godly life if you will only confess your dependence on him every moment of the day. Draw daily from the strength that he puts at your disposal for this very reason.” – Solly Ozrovech, A Shelter From The Storm

     

     



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