recession

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Will the Twenty20 bubble be next to burst?

Even the wealthy franchises of the IPL are feeling the effects of the global economic downturn as sponsors withdraw. Now all eyes will be on the IPL in April, as the second season gets under way. Already the signs are that franchise-holders are finding things tougher in the second year after an average shortfall in [...]

Media and entertainment industry bet on IPL to beat the slump

The Indian Premier League, which has emerged as a hot media property and redefined the concept of sports in India, is likely to continue its upbeat streak, despite the recessionary trends. Industry experts at the FICCI Frames 2009, which saw a large gathering of media and entertainment industry players, feel that the forthcoming second edition [...]

Long-term contracts make IPL recession proof: Modi

The multi-million dollar IPL auction extravaganza takes place in Goa on Friday and IPL Commissioner Lalit Modi is confident that recession will have no impact on the tournament. He told CNN-IBN on Wednesday that the glitzy Twenty20 league is virtually recession proof.
Via CNN-IBN

Airtime rates fall as slowdown hits IPL

Television advertising deals being offered for the second edition of the Indian Premier League (IPL) are signalling that even cricket, the country’s most popular sport, may not be immune to the downturn in economic growth.
Via LiveMint

Recession hits IPL, teams turn stingy

The sequel to a blockbuster is always a hard act but in the case of the Indian Premier League, it could be a major problem courtesy the global recessionary conditions. With less than three months to go for the second season of the IPL, the only hype is around David Warner and the next auction [...]

Global meltdown won’t impact IPL: Lalit Modi

Indian Premier League (IPL) commissioner Lalit Modi feels the global economic slowdown won’t impact the second edition of the Twenty20 league next year. In fact, he says IPL will continue to make profits.
Via ThaiIndian

Broking houses feel the pinch, tighten purse strings

From the look of it, it seems highly improbable if broking houses, banks and mutual funds will be in a position to etch their names on the winner’s trophy, co-own a team or buy prime television slots to air themselves to millions of cricket enthusiasts.
The near-50% fall in the market has forced broking houses [...]