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JAYESH TEKCHANDANI 48HEMANT KUMAR HARIJAN 51DEEPAK GUPTA 50AVINASH MOURYA 49SUMIT KORI 38

PROJECT ON – IPL SCAMS

INTRODUCTION

The Indian Premier League is a Twenty 20 cricket competition created by the Board of Control for Cricket in India (BCCI) and chaired by the Chairman & Commissioner IPL, BCCI Vice President Lalit Modi.

The first season of the Indian Premier League commenced on 18 April 2008, and ended on 1 June 2008.

Barriers during second season.Third season was scheduled from 12th march

2010.

HOW IPL ORIGINATEDIPL commissioner Lalit Modi did not

exactly get a brainwave to launch the tourney.

Cricket has always been like a religion for this country. It is seen as more than just a game. The players are considered as demigods and literally worshipped.

The format of Twenty20 cricket has emerged as a phenomenon after the Twenty20 World Cup was won by India and since then people have been totally immersed into it.

IPL SCAM INVOLVED BCCI officials involved

Politicians involved

Money laundering

Match fixing

Corporate and celebrities

involved

BCCI OFFICIALS INVOLVED AND ROLE OF LALIT MODI IN IPL

Lalit Modi, IPL CommissionerHe was the former architect of the

Indian Premier League 2008 and 2010.Involved in the commercial side of the

Board of Control for Cricket in India.Brought IPL to high level.

POLITICIANS INVOLVED Sharad Pawar family

Sharad Pawar family and his immediate family held over 16% equity in one of the bidders for an IPL cricket team. The Pawars own 33.6 lakh shares (out of 2.07 crore shares) in City Corporation, a Pune-based construction company which bid Rs 1,176 crore for a franchise in March. Pawar family's shares are held through two companies, Lap Finance and Consultancy Pvt Ltd and Namratta Film Enterprises Pvt Ltd, which are 100% owned by the NCP supremo and Union agriculture minister, his wife Pratibha and daughter SupriyaSule

IPL Commissioner Lalit Modi revealed that Tharoor's friend (later his wife) Sunanda Pushkar had equity stakes in Rendezvous Sports World (RSW), heading the consortium that owns the Kochi team. It was later disclosed that Pushkar got sweat equity of the value of Rs 70 crore.

Shashi Tharoor

PRAFUL PATEL

Union Civil Aviation Minister Praful Patel. Praful Patel was accused of meddling in the auctioning of the franchisees

Shashi Tharoor maintained that the amount had nothing to do with his active campaigning and mentoring for the Kochi team

MONEY LAUNDERINGThe process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.

IPL is a major source for some individuals or parties to bring that money from Swiss banks to India for utilize it in investing in various business firms. NRI, Non resident Indian play an important role in this conversion. Due to this IPL became an easy way to turn “BLACK MONEY” to “WHITE”.

TICKETS

SMS

ONLINE BETTING

EXAMPLES OF MONEY LAUNDERINGSms

Tickets

BETTING AND MATCH FIXINGOnline bettingSMSBookiesMatch fixer players

On 16 May 2013, 3 players of Rajasthan Royals were arrested by Delhi Police on charges of spot fixing. The three players were Sreesanth, Ankeet Chavan & Ajit Chandila 

All three Players were suspended by BCCI

Gurunath Meiyappan, a top official of the Chennai Super Kings franchise and son-in-law of BCCI president N. Srinivasan was arrested in Mumbai by Mumbai Crime Branch in connection with illegal betting. 

Multi Screen Media or Sony Entertainment

Television

World Sports Group

International Management Group

Raj Kundra

Shahrukh Khan

Preity Zinta

CORPORATE AND CELEBRITIES INVOLVED

The second scam relates to timeouts introduced by modi in IPL2.

In IPL2, 600 seconds of extra time were introduced as strategic timeouts.

Strangely for rest of world rights, contract did not include these 600 secs.

BCCI alleges modi caused loss of revenue worth crores to board. 

STRATEGIC TIME OUT SCAM

SECURITY VAN SCAMThe fourth scam is being called the Security van scam.

IPL awards contract to Visual Impact headed by Ajay Verma.

Contract is to supply 3 vans at Rs 5 crores. Contract further said 4 more vans to be provided over next 7 years.

BCCI alleges Modi did not follow due process while awarding contract.

BCCI alleges Modi hired IPL security vans at 3 times their market value

IPL SWOT ANALYSIS

STRENGTHS

IPL Twenty20 cricket game-2 ½ hours.

Fast-paced and exciting.

Appealing as a spectator sport.

Revenue is maximized.

Unified the sport more successful .

WEAKNESSES

Could replace other forms of cricket.

Expensive for some IPL fans.

Stakes are very high.

Short-term failures.

Some teams have overpriced their sponsorship

OPPORTUNITIES

Large potential mass audience.

League functions under a number of franchises.

Corporate hospitality.

Huge opportunity for merchandising.

Franchise fees will remain fixed.

THREATS

Dispute between BCCI and Lalit Modi

May not see return on investment.

Franchises are very expensive.

Franchises fan base should remain strong or

else can give rise to cash flow problems.