IPL: LSG owner credits Jay Shah for IPL surge, Lalit Modi asks him to refresh his memory
Indian Premier League founder Lalit Modi hit out at Sanjiv Goenka after the Lucknow Super Giants owner credited former Board of Control for Cricket in India chairman Jay Shah for the growth of the league. Goenka, who praised Shah’s vision of building a strong foundation for the IPL, was called by Modi at the X on the morning of Thursday, March 26.
Goenka’s comments come after two IPL franchises – Rajasthan Royals and Royal Challengers Bangalore – were sold to high-profile consortiums for over USD 1 billion. For example, RCB has seen this Its valuation has increased almost 37 times since it was bought by Vijay Mallya in 2008.
Goenka told X that the skyrocketing valuation is a result of the underlying structure of the IPL.
“The way the broadcast and digital rights were structured. The governance that gave brands the confidence to invest at the premium level. Much of this reflects Jay Shah’s vision,” Goenka said.
Comments did not look good Modi is widely considered the architect of the League.
Modi replied, “Really, this guy has actually lost the memory of who conceived the model. That’s fine. He just lives in his own world.”
birth of ipl
Origin of Indian Premier League It can be traced back to the early 2000s, when the idea of a franchise-based T20 competition first began to take shape.
One of the earliest defining moments came in December 2003, when Lalit Modi, then an outsider in cricket administration, announced his intention to enter the game. Over the next two years, with political support and structural changes within Rajasthan cricket, Modi became the President of the Rajasthan Cricket Association, giving him a foothold within the system.
The concept of a city-based league initially failed to gain popularity within the Board of Control for Cricket in India. However, the scenario changed dramatically with the launch of the Indian Cricket League (ICL) by Subhash Chandra. The privately funded T20 league, featuring a mix of international and domestic players, has threatened to disrupt the BCCI’s monopoly on the game.
Faced with the possibility of losing players and business control, the BCCI was forced to take action. By then, Modi had secured a position on the board with the support of Sharad Pawar, who had taken over as BCCI president.
In September 2007, the IPL was officially announced, supported by both the BCCI and the International Cricket Council. The timing proved crucial, as India’s victory in the inaugural T20 World Cup the same year helped legitimize the format and generate immediate interest.
Despite initial skepticism, the league found investors, with eight franchises sold in its first auction. What started as a bold experiment soon became one of the most powerful sports properties in the world.
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