write an essay on your favourite cricketer and your favourite ipl team
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The IPL (Indian Premier League) , is a professional cricket league based on a twenty-twenty format. It was launched by the Board of Control for Cricket in India (BCCI) in 2007. Lalit Modi was the first chairman of the IPL as well as the vice president for BCCI. There are currently 8 teams playing in the IPL right now.
“The BCCI auctioned in 2008 eight city franchises for a total of US$ 723.5 million before the inaugural season of the tournament which started on 18 April 2008.” ( C.Lakshman,2013 pp.89-103)
Because of the shortened game and much more entertainment than the usual ODI or test form of cricket, IPL was quite a success. The value of IPL went from 2.01 billion US$ in 2009 to double to 4.13 billion US $ in less than 2…show more content…
Lalit Modi, this took place without the approval of the IPL governing council and the transfer fees was not paid as well. (Hannon,2010).Charges of financial corruption were also held against Lalit Modi. “Travel House”, a travel agency had managed to raise a bill of 219,058 US$, out of which 87,623$ were used by Mr. Modi for Mercedes and BMW cars. (C.Lakshman, 2013). Lalit Modi was also accused of leaking confidential information to the media about the board. The scandal in 2010 had caused disturbances to the league also adding to corporate governance problems. (C.Lakshman,2013)
Lalit Modi was suspended on 25th April 2010, and replaced by Rajeev Shukla, who is currently the chairman of the IPL.
There was another scandal which took place in 2013, which resulted three players being arrested by the Delhi Police for spot fixing and match betting. They were namely Sreesanth,ajit Chandila and Ankeet Chavan. The Board of Control suspended the players.
The IPL involves various stakeholders :
FIGURE: Stakeholders in the Indian Premier League
According to the Stakeholder Salience Model, stakeholder salience is defined as “the degree to which managers give priority to competing stakeholder claims.” (Mitchell,Agle, & Wood, 1997)
It allows us to explore who really count in a business. Stakeholders have attributes such as Power, Legitimacy and Urgency. Some possess all 3, who are in control of everything, where as others possess less than 3 and lack a