Shouldn't IPL be made to shed secrecy over its franchisees?

ashishs

Ashish Sharma | April 16, 2010



The furore over minister of state for external affairs Shashi Tharoor's latest gaffe has had at least one positive fallout. It has created a conducive climate for a clean-up of the Indian Premier League. Even as the income tax department may have suddenly swung into action for all the wrong reasons, it cannot be anybody's case that the league should be allowed to function behind the veil of secrecy surrounding the shareholding of its franchisees.

Transparency can only be good for the game and for business as well. It is only a matter of time before people start accepting cricket as a smart business as much as a jolly good sport. With a captive audience as large as that obtains in the subcontinent, cricket can happily continue to weather many more spells of economic recession. It makes business sense, then, to say nothing of what should be a legal requirement as well, to come clean on the franchisees. This can only instil greater confidence in the league and the individual teams.

Shouldn't IPL, then, be made to shed secrecy over its franchisees?

Comments

 

Other News

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday.   Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter