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India’s domestic cricket league’s prospering. Says Deadspin:
Screw the worldwide economic meltdown! The Indian Premier League is expanding and two owners just paid $700 million for the right to buy in—or more than it would have cost to buy the entire league two years ago.
[…]
The price of the new teams converts to roughly 370 and 330 million USD give or take, which is more than the price paid for the original eight teams combined. In fact, that makes the new Pune franchise (theoretically) more valuable than almost half of Major League Baseball squads, three-quarters of the NBA and all but two NHL teams. Even though the IPL only has $43 million in total revenues.Yay, unrealistic market valuations!
I’m using this as an excuse to post this awesome ad for the Chennai Superstars.
Posted on March 22, 2010 ()
What it says up top.
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