Faking News Intelligence Group (FNIG) has taken a seemingly innocuous question by a journalist seriously where this unidentified journalist had asked Lalit Modi if IPL had any plans to go public i.e. come out with an IPO and offer its shares to the public for trading on stock exchanges. While Modi denied any such possibility, we demand that IPL must go public, even if it means the tournament being nationalized i.e. being taken over by the government.
“Why should we go public? We don’t need money!” Lalit Modi had apparently said while denying any such possibility.
But we say, “Who cares man if you don’t need the money. We need it!”
According an estimate, IPL’s brand value is around 4.13 billion US Dollars; that’s more than 40% of the disinvestment target the UPA government had set in its annual budget for this financial year!
So Pranab Da, please go for a hostile takeover of IPL.
And there is nothing wrong in it. IPL is not a private venture anyway. Lalit Modi (prosperity be upon him) and his team can, and should, continue as the IPL managers even after the takeover by the government, and help the common citizens of India realize great returns on his or her investment the same way he has helped Shah Rukh Khan and Vijay Mallya realize great returns.
Earlier this week, when the Delhi state government had presented its annual budget, it had proposed to do away with some of the subsidies currently being offered to the people to fund the Commonwealth Games. This caused an outrage among the Delhiwalas.
“Why should I pay for holding the Games? I didn’t tell the government to host it!” protested a Delhi daredevil. If the same guy was to be offered a share of IPL, he would have happily bought it, and in essence, would have happily funded the Games. Isn’t that cool?
And if you are not Robin Hood types and don’t believe in robbing Peter to pay Paul, we can have a compromise – only the “above par” share value realized from the IPO would go to non-cricket sports or other activities. This value is not being realized at all with the ownership of IPL currently resting in the hands of BCCI.
Some of the franchisees have already talked about plans of going public. But we don’t want to have a share of Rajasthan Royals, Delhi Daredevils, et al. We don’t trust their managers with our wealth.
In Modi, we trust.
We want shares of IPL.