The Indian Premier League auctions have finally been concluded, with 67 players been sold for the upcoming season beginning from April 8, this year. Yuvraj Singh bagged the largest bid with Delhi Daredevils (DD) buying him at a price of whooping 16 crores. Following Yuvraj are batsman-cum-wicket keeper Dinesh Kartik and Gautam Gambhir, who were sold at 10.5 to Royal Challenger’s Bangalore (RCB) and 11.04 crores to Kolkata Knight Riders (KKR), respectively.
DD has spent a total of 25.1 crores on just four players– Yuvraj, Kartik, Jaydev Unadkat and K. K. Jiyaz. The franchise is left with a meager amount of 1.35 crores after the auction. By and large, it has spent a total amount of 38.4 crores on 14 players. While Rajasthan Royals (RR) has the maximum amount left after auction with an outstanding balance of 10.65 crores, it has spent 2.1crores only, on five players.
Though the IPL Auctions have proven to be quite lucrative for a few players, others are left with disappointment as they have lost the chance of featuring in the much-awaited league. Amongst the unsold players are Mahela Jayawardene (SRI), Ben Hilfenhaus (AUS), Kumar Sangakara (SRI), RP Singh (IND), Shaun Tait (AUS) and Alex Hales (ENG).
The IPL has been the brainchild of Lalit Modi, representing the Board of Control for Cricket in India (BCCI) and Andrew Wildblood, an executive at sports management powerhouse IMG to capitalize on the popularity of the game to benefit the erstwhile forlorn domestic leagues. The IPL went on to become a huge hit almost instantly, with the second season drawing 62 million viewers in India.
With a total investment of Rs.87,60,00,000 on the 44 Indian and 23 overseas cricketing stars, the game has indeed come a long way by becoming a global phenomena that can no longer be ignored. The IPL today is a huge commercial success across the globe. After witnessing a dip in 2012-13, it earned a shot to the record-breaking revenue Rs 359.93 crore surplus in 2013-14.
With the flagging off of the ICC World Cup 2015, the cricket fans are, already, in for a great treat. Add to such excitement, the IPL decides to launch the auctions of the players while the World Cup is in progress. Though players like Yuvraj Singh have not been able to secure their place in the Indian team playing at the World cup, the IPL Auctions have, certainly, done all that it could have done to let his spirits soar high after a period of slump. Having, thus, established the league format, the IPL seems to be a more or less stable and annual affair.
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