|
India fear
IPL hype might impact Beijing preparations
MUMBAI—Sections of India’s sporting community fear that the cricket
board’s new professional Twenty20 league will eat into sponsorship
revenue that could have gone to athletes preparing for the Beijing
Olympics in August. The multi-million dollar Indian Premier League (IPL),
featuring a majority the game’s leading international players in the
eight franchises, will get underway on April 18 and is poised to become
one of the most lucrative sporting events in Asia.
India’s thriving advertising industry sees the IPL as a potential
goldmine in a retail-booming economy and the franchises are also looking
to acquire individual sponsorships. Bollywood stars Shah Rukh Khan and
Preity Zinta have bought into franchises, adding further glamour to the
league.
This has led the country’s sporting community to weigh up the impact
this could have on India’s preparations for Beijing.
Multiple world billiards champion Geet Sethi, a promoter of a sports
fund dedicated to funding athletes with potential of winning India a
first individual Olympic gold medal, voiced his concern in a newspaper
article on Thursday. “The fanatical obsession called cricket has just
joined hands with the film world to create a new pastime (I consciously
refrain from calling it sport) where it will gain even further
visibility and media hype fuelled by both cricket and Bollywood,” Sethi
wrote. “This in turn will almost certainly divert sponsorship which
could have gone to disciplines with a genuine chance of winning India
that Olympic gold.” Lalit Bhanot, secretary of India’s athletics body,
believes the IPL will impact other disciplines in the long run.
“Sponsors will like to partner the premium cricket league for
visibility,” he told Reuters. “It will no doubt affect all other sports
in terms of funding.”
The IPL has attracted over $1.7 billion in franchise sales, television
and promotion rights over a 10-year period in a cricket-mad country with
the fastest growing major economy after China. “This fantastic success
of cricket packaging is being played out at a time when our Olympic
medal hopes, who will pit their skills against the best in the world in
only five months at Beijing, are starved of funds,” Sethi said.—Agencies |