oppn parties WPL Auctions: Concern Over The Small Purse Of Rs 12cr For Each Franchisee

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  • Home Ministry confirms ITBP chiefs face-off claim with Chinese troops and says that it happens when the Chinese diverge from established patrolling patterns
  • Voting took place on Friday for 28 Legislative Council seats across Uttar Pradesh, Bihar, Karnataka and Maharashtra, covering graduates’ and teachers’ constituencies. Counting is scheduled for October 27, with the contests attracting attention ahead of the next round of state-level political battles
  • Delhi Police detained student activists and civil-society members during a march towards the Election Commission headquarters against the Special Intensive Revision of electoral rolls and demanding Chief Election Commissioner Gyanesh Kumar’s removal
  • The Delhi High Court dismissed a petition by All India Students’ Association president Neha Bora challenging a police notice requiring her to furnish a ₹10,000 personal bond and a surety to maintain peace. The court also directed that the material relied upon by the authorities be furnished to her
  • Kolkata Police arrested two more people, including the treasurer of the Chorbagan Durga Puja committee, in connection with the stampede that killed 19 people on October 17, taking the total number of arrests to nine. West Bengal Chief Minister Suvendu Adhikari said human error was primarily responsible for the Chorbagan stampede, while stressing that the retired judge leading the inquiry would determine the circumstances and findings
  • Haryana’s three-day electricity employees’ strike ended on Friday after Chief Minister Nayab Singh Saini assured union representatives that the government would oppose parallel power-distribution licences for Gurugram and Nuh. Energy Minister Anil Vij said the state would invoke Section 108 of the Electricity Act and seek a review of the regulator’s decision, which had triggered the strike and disrupted power supplie
  • The India Meteorological Department warned that a low-pressure system over the Bay of Bengal could intensify into a cyclone by October 26 and move towards the north Andhra Pradesh–south Odisha coast. The forecast indicated the possibility of thunderstorms and heavy rain in parts of southern West Bengal from October 28, although the system’s eventual intensity and track remained uncertain
  • The Union government proposed changes to its Periodic Labour Force Survey to improve measurement of digital-platform workers and unpaid activities, including caregiving, household production and volunteer work
  • India’s private-sector business activity expanded at its fastest pace in four months in October, according to the preliminary HSBC Purchasing Managers’ Index compiled by S&P Global. The composite index rose to 56.7 from September’s 55.9, driven by stronger services activity, but employment was unchanged, ending a nine-month run of hiring growth
  • The ₹30,213-crore initial public offering of Jio Platforms closed on Friday with an overall subscription of 22.19 times, attracting bids worth approximately ₹4.90 lakh crore. Institutional investors subscribed to their reserved portion 70.55 times, while the issue received more than 13.8 million applications, setting a record for an Indian public offering
  • A dispute over the India–UK trade agreement emerged after a trade association representing major liquor companies asked the Indian commerce minister to clarify whether bulk Scotch whisky imports qualified for the reduced 75% tariff agreed under the pact
  • Indian equity markets fell for a fourth consecutive trading session on Friday, with the Nifty 50 closing at 22,600, down 0.39%, and the Sensex at 73,123.83, down 0.17%. Both benchmarks recorded weekly losses as Brent crude approached $114 a barrel, intensifying concerns about inflation, corporate earnings and imported energy costs
  • Asian Para Games: India collected nine gold medals on the penultimate day to take its medal tally to 114, including 30 gold, 35 silver and 49 bronze, the highest in these games. India remained fourth on the table
  • India defeated Zimbabwe by nine wickets in the first women’s ODI in Vadodara, taking a 1–0 lead in the three-match series. Pratika Rawal scored an unbeaten 100, while Shree Charani claimed career-best figures of 4/23 as Zimbabwe were dismissed for 197 and India reached the target in 27.1 overs
  • Ishan Kishan was ruled out of the second T20 international against New Zealand after sustaining a low-grade strain in his right adductor muscle during the opening match. The BCCI said its medical team was monitoring his recovery but did not specify when he might return
Indo_-Tibetan Border Police chief Shatrujit Kapur says there have been ,utliple face-offs with Chinese troops across the Line of Actual Control
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WPL Auctions: Concern Over The Small Purse Of Rs 12cr For Each Franchisee

By Slogger
First publised on 2023-02-10 06:06:30

About the Author

Sunil Garodia Holding an extreme view and carting the ball out of the park is what interests him most. He is a hard hitter at all times. Fasten your seatbelts and read.

With the Women's Premier League (WPL) now in place and with BCCI having got a whopping Rs. 4699.99cr as bidding amount for the 5 teams, the auctions for players will now take place on February 13. A total of 409 players from 15 countries will go under the hammer. The BCCI has selected 246 Indian players and 163 overseas players for the auction from the 1525 registrations it received. The franchisees have a purse of Rs. 12cr for building a team of between 15-18 players and they can include 6 overseas players. Players have registered in different base price bands with 10 Indians and 14 overseas players having the highest base price of Rs 50 lakh.

But, as former Indian skipper Diana Eduljee has said, the purse of Rs 12cr is too small for a tournament like the WPL. It is obvious that there will be spirited bidding for the players with the highest base price as they are the best in the game. Indians like Smriti Mandhana, Harmanpreet Kaur, Deepti Sharma and Shefali Varma and overseas players like Alyssa Healy, Ellyse Perry, Sophie Ecclestone, Sophie Devine and Deandra Dottin can easily command over Rs. 2-3cr each. Even emerging star Richa Ghosh can command over Rs 1cr. So if a franchisee bids for two or three players from this elite group, it will not be left with much to get the other 12-15 players needed to form the team. Consequently, the other players will get much less than what they deserve. 

It is true that there are fewer teams (than the IPL) and they will play lesser number of matches, yet Rs. 12cr is not the ideal purse. It should have been at least Rs. 20cr for the franchisees to comfortably build good teams and for the players to get what they deserve. But these are early days and the WPL, including the auction and the purse amount, will go through a period of experimentation. One is sure that the BCCI will increase the purse if needed after the first tournament and after it receives feedback from franchisees and players.