scripod.com

Indian Premier League Cricket

Acquired

2025/03/24
Acquired

Acquired

2025/03/24

Shownote

When you saw this episode pop up in your feed, you either jumped for joy and hit play immediately (in which case you’re not reading this), or you said “Huh. That’s a surprising episode.” Well, if you’re in group two, boy do we have a treat for you! IPL is the fastest-growing, most dynamic and most disruptive force in the sports industry today… and this may come as a shock to many Americans, but it might just be on track to surpass the NFL as the world’s most valuable sports league. The IPL is currently valued at $16B, with a TV rights deal that’s higher in per-match dollars than the NBA and the English Premier League. And all this for a league that’s right now just 10 teams who collectively only play 74 total games per season… and oh yeah, the whole thing is only 17 years old! Tune in for an absolutely amazing story, filled with genius, drama (Rupert Murdoch! Disney! Bollywood!) and a perfect encapsulation of the rise of modern India. Sponsors: Rippling: https://bit.ly/acquiredrippling [https://bit.ly/acquiredrippling] Statsig: https://bit.ly/acquiredstatsig25 [https://bit.ly/acquiredstatsig25] Odd Lots: https://bit.ly/acquiredoddlots [https://bit.ly/acquiredoddlots] ServiceNow: https://bit.ly/acquiredsn [https://bit.ly/acquiredsn] Links: * Save the date, July 15 in NYC! [http://acquired.fm/nyc] * Ed Cowan’s Business Breakdowns of IPL [https://joincolossus.com/episode/cowan-ipl-reinventing-cricket/] * Worldly Partners’ Multi-Decade IPL Study [https://worldlypartners.com/businesshistory] * Episode sources [https://docs.google.com/document/d/1d-9BQUgygq0guUFIGDkzbR1S95TANHLyzpgZcUioZow/edit?usp=sharing] Carve Outs: * Severance [https://www.imdb.com/title/tt11280740/] * Stratechery [https://stratechery.com] More Acquired! * Get email updates [https://www.acquired.fm/email] with hints on next episode and follow-ups from recent episodes * Join the Slack [http://acquired.fm/slack] * Subscribe to ACQ2 [https://pod.link/acquiredlp] * Merch Store [https://www.acquired.fm/store]! © Copyright 2015-2025 ACQ, LLC

Highlights

The Indian Premier League (IPL) has emerged as a revolutionary force in global sports, blending cricket with entertainment to create a billion-dollar industry. This podcast delves into the league's inception, its transformation of cricket, and its potential to surpass even the NFL in value and influence.
00:00
IPL transformed cricket into a high-octane entertainment product.
23:23
Lalit Modi joins BCCI to disrupt cricket broadcasting.
1:06:03
Yuvraj Singh hit six sixes in an over during the 2007 T20 World Cup.
1:11:59
ServiceNow's Workflow Data Fabric unifies enterprise data for real-time AI access.
1:30:20
Lalit convinced Nokia to sponsor Shah Rukh Khan's IPL team for $5M annually.
1:48:52
A billion-dollar deal between WSG and Sony for the IPL causes a stir.
2:08:27
IPL auction collapses all deals to a single event, maximizing market value for players.
2:25:13
IPL's first season saw Kolkata Knight Riders win with 158 runs from Brendan McCollum.
3:04:20
IPL viewership grew to 620 million on streaming in 2023
3:37:35
Expanding IPL games and upgrading stadiums could lead to NFL-like revenue.
3:49:19
T20 cricket will return to the Olympics in Los Angeles 2028.
4:27:21
Hosts discuss IPL case and invite listeners to Acquired Slack community

Chapters

How Did IPL Transform Cricket Into A Global Spectacle?
00:00
Who Was Lalit Modi And How Did He Revolutionize Indian Cricket?
06:02
Why Did T20 Cricket Spark The Creation Of IPL?
48:49
How Was The Structure Of IPL Designed For Success?
1:11:59
What Role Did Bollywood Play In Expanding IPL's Audience?
1:21:13
How Were IPL's Broadcasting Rights And Franchises Auctioned Off?
1:40:42
What Makes IPL's Financial Model Unique Among Sports Leagues?
1:51:45
How Did Controversies Shape The Evolution Of IPL?
2:25:13
Why Is IPL Now A Global Media Phenomenon?
2:54:55
What Are The Growth Opportunities And Challenges Facing IPL?
3:13:21
Can IPL Expand Globally And Influence U.S. Markets?
3:46:01
What Do The Hosts Reflect On After Exploring IPL's Story?
4:22:06

Transcript

Ben Gilbert: I am listening to the Kolkata Knight Riders anthem as my pump-up song, Oh, nice, It is so awesome. Have you seen the music video with Shah Rukh Khan, the owner of the Kolkata Knight Riders? David Rosenthal: No. Ben Gilbert: He is the main ch...