The hype and hoopla over Twenty20 cricket’s Indian Premier League notwithstanding, its most valued Mumbai team, owned by the country’s richest person Mukesh Ambani, is not even one-tenth the value of top American baseball team New York Yankees.
According to a new list of the 30 Major League Baseball teams, published in a special edition of business magazine Forbes and ranked on the basis of their valuation, New York Yankees are currently valued at $1.306 billion.
In comparison, all the eight IPL teams, currently fighting for the league’s first ever trophy in India, together carry a value tag of just about half this figure at 723.7 million dollars.
Source: HT
[...] Original post by cricmadness [...]
There should be no comparison with the American leagues. They have existed for several years now and this is the 1st year of IPL. If at all compare it with the cricket playing nations and you dont find anyone near the Indian league
Why is there a need for comparison with other sports and other countries. I enjoy my cricket and is the most popular sport after soccer on earth.
How many people follow Baseball?? Show me a nail biting finish in baseball as close to any of the IPL games.
Happened to see a Twins Vs. Yankees game and wont see a full house crowd. We are comparing Pee Nuts to Wall Nuts guys..
Also while comparing the money, has the living standards and the value of money been taken into consideration.
Believe me, the 723.7 million dollars is a lot of money for a League that has just kicked off and will surely be the richest one in the coming years.
Also IPL is just a form of cricket. We have Test cricket, one day cricket and International 20 20 cricket. I’m sure cricketers these days earn more money than it can be imagined . Also with the money they earn from sponsers. Cricket India is now the richest sporting body after the European Soccer team Velencia. Get the facts right !!!