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Multi-Billion-Dollar IPL makes 789 cricketers from 12 countries multi-millionaires in 14 years!




Our Special Correspondent

NEW DELHI, April 24:

The Indian Premier League (IPL), the Multi-Billion-Dollar Baby owned by the Board of Control for Cricket in India (BCCI), has made 789 cricketers from 12 countries multi-millionaires during the 14 years of its existence.

Hailed as the richest T20 tournament in the world that attracts the best talent from the dozen countries that play cricket, the eight franchises have spent a total of INR 61.44 billion, or USD 81.9 million, on the salaries of 789 cricketers from 12 countries.

The IPL’s brand value is INR 458 billion, or $6.1 billion.

The eight squads in the IPL are: Royal Challengers Bangalore (RCB), Chennai Super Kings (CSK), Mumbai Indians (MI), Sunrisers Hyderabad (SRH), Punjab Kings (PK), Kolkata Knight Riders (KKR), Delhi Capitals (DC) and Rajasthan Royals (RR).

Since IPL started in 2008, a total of 789 players have seen their lives changed forever after earning lucrative IPL contracts. 

While Indian players have earned the majority of the bucks from IPL auctions, Australian and South African players follow them with the likes of West Indies, England and New Zealand players next in the list.  

India: 583 Indian cricketers have earned a staggering INR 34.33 billion from the 14 IPL seasons.

Sri Lanka: Despite no players participating in IPL 2021, the Islanders have earned INR 1.96 after participation of 27 players in the tournament over the years. 

 Australia: With 94 Aussie cricketers having played in IPL in 14 years, they have bagged INR 9.06 billion. 

South Africa: The players from the rainbow nation are third on the list. As many as 56 Proteas players have participated in IPL and took home INR 5.39 billion from the cash-rich tournament. 

West Indies: 33 Windies players have earned INR 4.58 billion.

England: A total of 33 English players have participated in the IPL while earning a mammoth INR 2.86 billion. 

New Zealand: A total of 31 players from New Zealand have played in IPL, earning INR 2.12 billion. 

Afghanistan: Only four Afghani players have played in IPL thus far having earned INR 584 million. 

Bangladesh: Only six Bangladesh players have participated in IPL in 14 editions with their earning standing at INR 347.8 million.

Pakistan: While Pakistan players were only allowed in the IPL during the initial phase of the tournament, a total of 11 players played in the tournament, earning INR 128.4 million. 

Netherlands: Only two players have made the cut from the Netherlands in IPL and earned INR 52.7 million. 

Zimbabwe: Just three players have played in IPL from Zimbabwe, earning INR 10 million.

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President requests the opposition to support the implementation of the IMF agreement




President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the IMF agreement, which would aid in the development of Sri Lanka’s economy.

The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better future by creating laws and frameworks that prevent the recurrence of past errors.

President Ranil Wickremesinghe delivered this message in a special address to Parliament this morning (22) regarding the receipt of the Extended Credit Facility from the International Monetary Fund.

He stated that despite allegations being leveled against him that his objective was not to rescue the country from an economic crisis but to safeguard the Rajapaksa family, the international community had acknowledged his efforts to carry the country across the economic vine bridge.

The President further said that he had faith in rebuilding the beloved country where he was born, brought up and educated, and said that many past experiences were the reasons for confirming that faith.

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SJB, JVP move SC against Finance Secy. for contempt of court



The main Opposition, Samagi Jana Balavegaya (SJB), and the Janatha Vimukthi Peramuna (JVP) yesterday (21) moved Supreme Court against Treasury Secretary Mahinda Siriwardana over his failure to provide funds required by the Election Commission to conduct the Local Government polls, ignoring an interim order issued by the apex court, on 03 March.

Ranjith Madduma Bandara, MP, is the petitioner for the SJB and Vijitha Herath, MP, moved court on behalf of the JVP, the leading party in the Jathika Jana Balawegaya (JJB).

Two Opposition parties declared action against Siriwardana the day after the Freedom People’s Alliance (FPA) issued a seven-day ultimatum to the Finance Secretary to release the funds.

EC Chairman Nimal Punchihewa is on record as having said that in spite of SC directive he didn’t receive fresh funding.

The petitioners sought the issuance of summons on Siriwardana for contempt of court over failure to carry out its interim orders, given on 03 March.

The petitioners want the Finance Secretary punished in terms of Article 105 (3) of the Constitution.

The SJB stated that Siriwardana had refrained from carrying out the March directives, on the basis of a Cabinet decision, taken on 13 Feb., 2023. The SJB also pointed out that the offensive conduct of the Treasury Secretary, inter alia, causes grave prejudice to the esteemed authority of the Supreme Court and in turn disturb the public confidence in the authority of the highest Court in the country. (SF)

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Minister indicates reduction in fuel prices in April



Power and Energy Minister Kanchana Wijesekara told Parliament yesterday that fuel prices would be reduced considerably according to the fuel price formula at the next fuel price revision, due in April.

The Minister said that the government would be able to procure fuel shipments, at lower prices, during competitive bidding, with the receipt of the IMF bailout.

There had been practical issues, and problems, in opening Letters of Credit, and obtaining credit facilities, in the recent past, as Sri Lanka could not give a guarantee to fuel suppliers, Minister Wijesekara said.

“We could not open LCs and obtain credit facilities when procuring fuel. After the IMF bailout, we will be able to procure fuel at lower prices during competitive biddings. We will be able to obtain a long-term credit facility as well. Fuel prices in the global market seem to have declined and the rupee has also gained strength against the US Dollar. Having considered all these factors, fuel prices will be reduced by a considerable margin which could be felt by the people,” he said.

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