In the last few days IPL has been in the news for all the wrong reasons. Lots of allegations, mud throwing, character assasination and what not. For a league which is so young this kind of media scrutiny will hamper its progress. But we cannot also rule out the cleaning up of the BCCI and IPL which is long due.
Mauritius,Bahamas,Biritsh Isles,Hongkong,Singapore. What is commong between all these places? Beautiful island nations, pristine beaches? but more for tax haven.
From the allegations about the part ownership of RR and KXIP by Modi's family members, they all have financial connections in those island nations.
Im not concerned about that but about the absolute control Mr Modi's family member is having over the online content of IPL and Champions league.
LCM bought online digital rights for $49million but unable to get profit in the first year.
April '09 - LCM forms a JV with mobile content title holder Netlink Blue from Dubai in the name of Global Cricket Ventures Pte Ltd in Singapore. The digital right is downsized to $20.75m and awarded to GCV, LCM was relieved from the rights.
http://www.sec.gov/Archives/edgar/data/1108630/000101968709001258/livecurrent_8k-ex1003.htm
Aug '09 - The GCV inturn sells the rights to GCV Mauritius with whom they dont have any relation. GCV Mauritus was formed just exactly at the right time to buy it from LCM.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6780735-12596-19592&type=sect&dcn=0001019687-09-003177
Nov '09 Now enter Elephant Capitals, whose Managing Partner is Gaurav Burman and MD is Mohit Burman, taking 50% stake for $10m.
Jan '10 GCV Mauritius is buying out Willow Tv which broadcasts cricket online in US.
Jan '10 GCV ties up with Google India to monetize its online digital content like iplt20.com and clt20.com. And also they will be given online streaming rights which will enable them to telecast IPL online in Youtube.
This will not be available in US as already Willow tv has the rights.
http://www.elephantcapital.com/gcv.aspx
Many people may argue that it is sound business decision which any businessman get into.
But few things,
1) Mr. Burmans - Related with one Mr. Lalit Modi and also part owner of Punjab team.
2) Two companies are named as GCV's even though claimed as two unknown companies
Sudden interest of Burmans into online media by acquiring into GCV Mauritius which inturn buys Willow TV and get into agreement with Google india which gets right for online streaming.
3) Everything happens in a short span of 6 to 8 months time.
If this goes like this, no one can access anything related to IPL until unless they visit any one of those right holders sites.
We are in for a very interesting time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment