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Welcome changes that testify to Jayalalithaa’s return to health Valli, they are more marginalised Demise of a media baron... R Sridhar steps down as CEO of Shriram Capital A Grand Finale for SN’s MS centenary at the US… Should we change the official year? Limit foreign borrowings to hi-tech, export potential projects... Engineering seats go abegging Where a state respects its litterateurs… Naidu’s return augurs well for Seemandhra Marketing expert Balagopal is no more Modi storms Silicon Valley Delhi is distant… Welcome focus on core competence Convulsions in The Hindu Multi-faceted Venkat Air Asia India will set new benchmarks for budget travel A glass full of corruption Delhi returns to BJP Godspeed, Chief Minister JJ Adapt Vajpayee dinner diplomacy More heat than light The Gulf aviation boom Kudos to NDTV... Diamond jubilee of Egmore Samskrt School Russi Mody – a tribute A rich pool of talent not utilised…. Discoms deserve better… The Ports’ Pasha expands into Tamil Nadu When small is no larger beautiful.. Kulandai was a giant The rise and fall of Annamalai University Rs.1600 crore paper board plant of TNPL Paytm karo... Online not in line with brick and mortar businesses... Lesson from Chandrababu Naidu ONGC at KG Basin Moily’s bold thrust Remembering Indira Sivasailam... Preserving for the future Gas is the way forward Come elections, come advertisements... Where is Rajaji? Sweet news for TN sugar mills How Air-India loses customs... Mersal magnified EEC at the National Media Centre Don’t seem to feel the pulse… Dr C Rangarajan returns to Chennai Shanti and Sadhana through Music The star of Spencers is no more A friendly business group Modi and the lady Polls and promises No mega rail project for Tamil Nadu Solar, solar everywhere … The ‘Jayanthi Tax.’ S Ramanathan – a versatile musician, musicologist WTO Meet: resolved to meet again Strengthen the base... Things happen by accident and not by design... A more liberated TN… IPL type auction for VCs? Music happens Mu Sigma – is no more Boy, can you beat these? West Bengal: mindless malignancy An enemy’s enemy is a friend Tatas moving out of urea production... S V Raju – a ‘good’ true liberal There was flood of milk. Reason: no milk commissioner! Liberal imports idling indigenous capacities CII projects higher growth… Streamlining mandatory third party cover Vibrant Gujarat MHC should not return to its old indisciplined ways Readers' Mail A C Muthiah – his munificent bequeaths to science Cement prices continue to rise… Tribute – UCAL Selvan… Delhi Chalo... Nuclear power at the nucleus Tihar, Puzhal not different from Parappana Agrahara A think tank for Chennai IPL - no surprise this scam B H Kothari - a tribute A proud Madrasi Tatas moving out of urea production... Shaming of Tamils by Tamil farmers at Delhi The sea- saw battle continues... Tribute – M V Murugappan The power-full Hindujas Fortune for Indian Airlines All eyes on Sankara Nethralaya GNS - 100: our first subscriber Poor representation for Kerala and TN in Cabinet TIAM turns a full cycle When the President was rendered homeless… Align crops to agro climate endowments… Colour-Chem’s colourful KRVS Small units prefers to remain small... When online building permits work…. Contrarian cousins He saved millions from starvation... No engine for this car The why of tax incentives Computation of GDP – conundrums continue Return to king coal for urea... Quality silica from Neyveli TELANGANA at last…BUT Maximising the micro pricing … Roaring Ro-Ro facility For whom the bell tolls? Shale gas and its shallow future Rahman at CIC Revving up the manufacturing sector Making ‘my Amaravati’... Padma Bhushan for A Ramakrishna Gay abandon in pricing TGS- The king storyteller Put expensive assets created to use... Editor's Notes Parliament in paralysis... The brown list of Venkitaramanan Cleaning Ganga – relocate tanneries and install electric crematoria Cutting the nose to spite the face GM Technology at last! Permanent secretariat for TN GIM Scientists urged to take up farmer-oriented research SoA @ 80 TN accounts for the largest recruits by the IT sector L&T- the specialty of special purpose vehicles The nuclear option Banning booze... Fall in crude prices help in oil sector reform Funding the un-funded Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai China invests in India More Shakti to resource mobilisation... Tribute – Manikam Ramaswami Alexa – Talking Wikipedia The Jan Dhan bonanza F C Kohli - his concerns all embracing More tributes to GR Land reclamation from sea appears cheaper! Adharma of opposition politics Intellectual of rare qualities to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Poor quality of university VCs Of course, Gujarat is vibrant When TN politicians can emulate Kerala's TN-leverage strength of BHEL, NLC... Why land prices zoom in TN? Make standards certification mandatory... Revive development banks... Kinetic Karnataka Noble nonagenarians... Measuring roof tops in terms of KW/MW Telangana in top gear… Delhi is distant Quality education through the PPP mode Insurance companies bleeding, yet no decision on increasing FDI limit! Tax agriculture Welcome GST A yen for wastage… Building loyalty through the stomach Road development slows down Tribute EVM is tamper-proof IAS invades NDDB... London, London Narayan Eternal support for capitalisation of PS banks Muffled voices for merit… This scant respect for Law Bihar – Nitish Kumar adopts the Lalu model Secularism and anti-Hinduism An inexplicable neglect Sri Lanka votes for change Editor's Says TN – agglomerate land holdings without alienating ownership Plummeting profits of PSBs Excel Generators provide the vital back-up Fortune 500 review Wise Presidents For whom the MIDS bell tolls? Naidu will soon build a new Hyderabad Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated A Grand Finale for SN’s MS centenary at the US… Sweeter prospects for sugar Five star activism stalls development activity Another Indian music maestro at the UN Focus on quality of power - its only around 170-180V Waning interest in public discussions… A professional at the helm of IRDA... New IT products of Ramco in the pipeline… He continues the focus on social amelioration Tough task taking states together When nations steal growth from one another… PPP mode for upgrading Corporation Hospitals Silver Years of Madras Musings Breaththrough in malaria control Whistle-Stop Tour of Raghuram Rajan Build close rapport with business leaders PC’s preference for professionals Lalu’s envy, India’s pride CIPET hqrs to stay at Guindy – for the present? Inflation: are we emulating Argentina and Brazil? When Ratan Tata visited SRM The ‘Ayyo-yes’ is no more Recognition to role of NBFCs.... A welcome initiative by the judiciary CSR and CMI: promise of another Srinivasan Ramanujan... Protest masters... Increasing non co-operation of state leaders The Swadeshi Trump Medical costs hit the roof... The balancing act Shipping woes of Chennai companies The rise and rise of KCP Why this malaise in medical education? Welcome thrust on trade in Modi’s foreign visits... Fuel for thought Airlines in India: cost and space Bihar elections - the Rajaji formula worked Infrastructure funding – lessons learnt L&T: focus on infrastructure and more infrastructure… Auto components surge… …and of a popular trade leader Reliance’s TV – 18 ready to launch Tamil News Channel Towards speedy justice Not just in-laws (and outlaws); they’ve renowned academics at the helm! Haul over the coal Which side are you, Montek? Pharma – overdose of copying More Shakthi to Das’ elbow No Maha Koottani in TN... The few handicaps... Solar thermal shines… Odisha: spectacular win by Naveen Patnaik An informal presentation - analytical, forward locking... CRS, a jewel among managers, is no more. Robber barons everywhere Like Hinduism: many paths to reach God... Wanted: a second airport for Chennai
 
IPL - no surprise this scam
“A BILLION betrayed for a few lakhs” is how the Times of India called it. The Hindu wrote, “Sreesanth puts IPL in a spot, fans in a fix.” That way, one needs to be neither shocked nor surprised. It was just waiting to happen.

The Indian Premier League (IPL) has been the most prolific revenue stream in recent years. It pulls crowds in the thousands on ticket prices that are astronomical. There are constant efforts at expanding the contours of entertainment: if in the earlier years it was a threesome cheerleaders of buxom, sexy dancers, today this includes dancers with local cultural flavours more fully clad. From the drinks served and the food offered to television ads, everything is expensive. With flourishing businessmen and superstars as team owners and with players bought through auctions, there is money all over the place.

In a system where players are bought on vastly varying prices, there is bound to be heartburn on the part of those at the lower rung. A few players at the top have been bought at million dollars, and those at the bottom paid just a few lakhs of rupees. Plus those bought at high prices may perform poorly compared to those at the bottom.

Purchases are made based on past performance and the stature of a player rather than his current capabilities. Like: Ricky Ponting bought for $400,000 by the Mukesh Ambani-owned Mumbai Indians. His record has been consistently poor despite the glamour of his opening the innings with the other celebrity Sachin Tendulkar. This most illustrious pair has been a disaster for MI in all the initial games featuring them. Mercifully, Ponting opted to sit on the bench and the Indian God of cricket still struggles to show consistency.


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