IPL Media Rights Value May Touch $10 Billion: Lalit Modi

Lalit Modi, the original architect of the Indian Premier League (IPL), has made a bold prediction that the IPL media rights bid might touch $10 billion. The IPL media rights e-auction began today with Disney, Sony, Viacom18, and Zee in the fray. “I predict that this new IPL media rights tender will fetch close to 8 to 10 billion dollars. I believe this is the value of a genuinely global and world-class product,” Lalit Modi said in a blog on his personal website. Modi argued that the explosion in digital…

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IPL Founder Lalit Modi Faces High Court Case In UK: Report

The London-based founder of the Indian Premier League (IPL), Lalit Modi, is facing an approximately USD 7-million legal challenge in the High Court in England over allegations of misrepresentation by a former Indian model, according to a UK media report on Sunday. The Sunday Times’ reports that Modi denies the allegations and is defending the claim, brought by Gurpreet Gill Maag, now a Singapore-based venture capitalist also known as Blu. She alleges that Lalit Modi persuaded her to invest USD 2 million in a cancer treatment venture called Ion Care. He is…

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