The recent R.M. Lodha panel judgement on the IPL spot fixing case has left many in a fix. The Court has announced the suspension of two o...
The recent R.M. Lodha panel judgement on the IPL spot fixing case has left many in a fix. The Court has announced the suspension of two of the teams, the Chennai Super Kings and the Rajasthan Royals. Although the official rule-book could have allowed for harsher punishments, the honorable Court has passed the ruling for a two year suspension only. However, there is a flip side to everything: this decision can bring about adverse effects on the future of the cash-rich Indian Premier League. There are a few ramifications that needs to be dealt with urgently.
First of all, the Court has not made it clear whether a separate private entity or an individual can rebuild the management, so as to allow for the city's participation. In the history of the Indian Premier League, such a similar action was taken for the Deccan Chargers. When the Deccan Chargers became non-existential, it was renamed as 'Sunrisers Hyderabad', managed by a different network, but with the same core team. In my opinion, it is best to permit such an action, keeping the public interest in mind.
Second, the BCCI should expect a dearth for the principal sponsor spot for the upcoming season of the tournament. Which commercial firm would be willing to invest, if the IPL bears a tarnished image? It is not a prudent decision to invest in some event that has a controversial tinge to it. Statistics show that over the last few years, the sponsors have incurred losses. With recent developments such as elimination of the two teams for a time period, the probability goes up even higher. It may thus not be a very successful business year for the BCCI, along with the sponsors.
Lastly, the common man is the biggest source of revenue for the Indian Premier League. A good section of the money earned comes from television commercials. It is a fact that Chennai Super Kings, along with Rajasthan Royals, enjoy fan-following in most of the Indian states. According to sources, many sport fanatics have threatened to boycott visiting stadiums and watching the league if an immediate reinstatement is not permitted. TRP ratings, as such can crash down by a good margin and it would only make the losses bloat.
The Chennai Super Kings management is already looking at legal recourse. It is perhaps in the best interest, that the Court allows for the reinstatement of the two "giants" of the Premier League. If not, the tournament may be looking at big monetary losses ahead.