<ul><li><keyword id="1734364" type="PERSON" weightage="20" keywordseo="Duff-Phelps">Duff &amp; Phelps</keyword> has undertaken a study to analyze the impact of <keyword id="8763838" type="UNKNOWN" weightage="20" keywordseo="covid-19">COVID-19</keyword> on the value of <keyword id="6354312" type="COMPANY" weightage="20" keywordseo="IPL">IPL</keyword> Ecosystem, which was estimated in their IPL Brand Valuation Report 2019.</li><li>They have considered various scenarios which were addressed by BCCI President, <keyword id="6507" type="PERSON" weightage="20" keywordseo="Saurav-Ganguly">Saurav Ganguly</keyword>, during his press conference over the weekend and estimated the impact on IPL Ecosystem value under each of those scenarios in this note by <keyword id="5571816" type="PERSON" weightage="20" keywordseo="Santosh-N">Santosh N</keyword>, Managing Partner D and P Advisory LLP and external advisor, Duff &amp; Phelps. </li></ul> We might just be in the first quarter of 2020, but the year has already seen the unprecedented shutdown of global sports leagues due to COVID19. The last such shut down happened during World War II when all major sporting events across the globe including the Olympics in 1940 &amp; 1944 were cancelled. Major sports leagues across the world including EPL, La Liga, Seria A, NBA, Champions League, bilateral cricket tournaments are suspended at least until the first week of April as governments scramble to contain the spread of the virus which has been declared a global pandemic by the World Health Organization. UEFA EURO 2020 and COPA America 2020, the two major football events scheduled to take place this year in June have also been pushed to 2021. Even the Olympics 2020 being held in Japan face the threat of cancellation or postponement if the pandemic does not subside in the next couple of months. More recently, the Indian Super League finals between ATK &amp; Chennaiyin FC had to be played behind closed doors. <keyword id="6354831" type="UNKNOWN" weightage="20" keywordseo="indian-premier-league">Indian Premier League</keyword> (IPL), one of the most keenly awaited events in India has also felt the heat of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">Coronavirus</keyword>, with Board of Cricket Control of India (BCCI) deciding to postpone the start of IPL season until April 15th with no clear visibility of its start date and a major threat of cancellation looming around. The Government of India and various state governments have mandatorily banned public gatherings in view of public health and safety concerns. The government has also suspended visas from most countries which might impact the availability of foreign players who are a vital cog in the IPL. Given this background, the options before BCCI are somewhat limited. Duff &amp; Phelps has undertaken a study to analyze the impact of COVID19 on the value of IPL Ecosystem, which was estimated in our IPL Brand Valuation Report 2019. We have considered various scenarios which were addressed by BCCI President, Saurav Ganguly, during his press conference over the weekend and have estimated the impact on IPL Ecosystem value under each of those scenarios. The scenarios considered are: 1) Scenario 1: Truncated IPL with the number of matches reduced to half, a high possibility as per BCCI. 2) Scenario 2: The entire IPL 13 season getting cancelled Our impact analysis has been carried out on the IPL ecosystem value calculated by Duff &amp; Phelps last year which was US$6.8 billion in 2019. The analysis doesn’t reflect the current value of the IPL ecosystem which would have been estimated after considering the factors available post completion of IPL 2020. Scenario 1: According to BCCI officials, in case the IPL season commences on April 15th, it will be truncated as more than 15 days would have been lost by that time. In our analysis we have assumed that in a truncated season, each team will play against the other only once, instead of the home &amp; away format, thus reducing the number of league matches by half. We have also factored in two situations - one where the spectators are allowed inside the stadium and another where the matches are played behind closed doors, effectively impacting the in-stadia revenues including gate receipts and food and beverages. The impact of revenue loss on account of lack of gate receipts is negligible on the IPL value. It might in fact benefit the broadcasters if the shutdown persists and more people are forced to spend time at home thus increasing the television audience for IPL, though none of the stakeholders including the broadcasters prefer this option. Further, we have factored in the loss of revenue from broadcasting and sponsorship, as broadcast partners and sponsors will renegotiate the contracts based on the number of matches being played. We have also considered the impact of a truncated tournament on the sale of official merchandising and associated revenues. Overall, under Scenario I, the IPL ecosystem value estimated by us last year is expected to reduce by USD 200 Million to USD 350 Million range (3.0% to 5.0%). Scenario 2: Under this scenario we have assumed the possibility of the entire IPL 13 getting cancelled, a high possibility if the current situation persists. This scenario will have a massive impact on the IPL Ecosystem value as it will also consider larger economic and financial consequences. In this scenario, we have considered two sub scenarios. First there is no impact on the next year’s edition and the second, a complete one year set back from revenue perspective for all the stakeholders. In sub scenario 1, we have considered nil cash inflow from the broadcaster or title &amp; associate sponsors for the 2020 season as the same is assumed cancelled. Likewise, franchisees will not receive their share of revenue from central pool nor will they be required to share profits with BCCI as part of their franchise fees. However, we have considered the expenses incurred by BCCI, IPL franchisees and other stakeholders with respect to advertising, promotional events and other general administrative costs including salaries to their non-cricket playing staff, etc. In sub scenario 2, apart from the cashflow impact considered for the 2020 season, we have also considered economic impact due to the one year set back, where we have anticipated that the sponsorship revenues might not grow at desired levels next year due to the current disruption. Under Scenario 2, we estimate the IPL Ecosystem value to reduce by USD 700 Million to USD 1,000 Million range (approx. 10.0% to 15.0%). Our analysis under this scenario does not capture a financial recession like event which would further impact the IPL Ecosystem value. - This note has been written by Santosh N, Managing Partner D and P Advisory LLP and External Advisor, Duff &amp; Phelps

COVID-19's impact on IPL 2020: Duff & Phelps

Telugu film industry (Tollywood) and politicians across party lines have hailed eminent filmmaker and screenwriter K. V. <keyword id="1423432" type="General" weightage="80" keywordseo="vijayendra-prasad" source="Orion">Vijayendra Prasad</keyword> on being nominated to <keyword id="48510" type="General" weightage="80" keywordseo="rajya-sabha" source="Orion">Rajya Sabha</keyword>. Greetings poured in for <keyword id="6356623" type="General" weightage="100" keywordseo="prasad" source="Orion">Prasad</keyword> from film personalities, political leaders and others. They hoped that his presence in the upper house of the Parliament would enhance its glory. Megastar K. Chiranjeevi thanked Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> for bestowing the well deserving honour of Presidential nomination as <keyword id="123140" type="General" weightage="80" keywordseo="rajya" source="Orion">Rajya</keyword> Sabha members on extremely deserving stalwarts from the film industry K.V. Vijayendra Prasad and Ilaiyaraaja. Prasad, well-known composer Ilaiyaraaja, athlete P. T. Usha and philanthropist <keyword id="164139" type="General" weightage="50" keywordseo="veerendra-heggade" source="Orion">Veerendra Heggade</keyword> were nominated to Rajya Sabha on Wednesday. While congratulating Vijayendra Prasad, the Prime Minister stated that he is associated with the creative world for decades. His works showcase India's glorious culture and have made a mark globally, the Prime Minister said. "Heartiest Congratulations to one of the most accomplished &amp; glorious story writers of the Indian Film Industry K.V. Vijayendra Prasad garu on being nominated as the Member of Parliament - Rajya Sabha. I have no doubts your presence will enhance the glory of our Upper house," tweeted Chiranjeevi, also a former member of Rajya Sabha and a former union minister. "Our writer Shri V. Vijayendra Prasad garu has won accolades globally as a notable screen writer for various blockbuster films, has been nominated to the Rajya Sabha. Congratulations sir," tweeted DVV Entertainment. Born in Kovvur in Andhra Pradesh, Prasad is one of the country's leading screenwriters and film directors. He has written stories for many Telugu and Hindi movies. His notable works include some of the highest-grossing Indian movies such as '<keyword id="6354370" type="General" weightage="50" keywordseo="baahubali" source="Orion">Baahubali</keyword>' series, the recently released 'RRR' and 'Bajrangi Bhaijaan. He won Filmfare award for the best story for Salman Khan-starrer Bajrangi Bhaijjaan (2016) Some of the movies he wrote have transcended sharp regional boundaries and become blockbusters across the country, a rare achievement. He has come in for praise for instilling cultural pride and nationalistic spirit through cinema. The 'RRR' team also congratulated Prasad for the nomination to Rajya Sabha. "Congratulations to our writer Vijayendra Prasad garu on being nominated to the Rajya Sabha," reads a tweet by 'RRR' Movie team. 'RRR', starring Junior NTR and <keyword id="15149" type="General" weightage="50" keywordseo="ram-charan" source="Orion">Ram Charan</keyword>, is a period action drama written by Prasad and directed by his son S. S. Rajamouli, who earlier bagged national fame for Baahubali series. Meanwhile, Prasad has received congratulations from leaders of various political parties. BJP president J. P. Nadda stated that Prasad's creative genius has been a source of joy and pride for all. "His cultural contributions are immense and I wish him the best for this new role," the BJP chief tweeted. "A creative mind like Vijayendra Prasad garu is perfect for innovating &amp; changing the narrative for the growth of a nation," wrote another BJP leader P. Muralidhar Rao: Congratulating all the four nominees, YSR Congress Party's leader in Parliament V. Vijayasai Reddy tweeted that the presence of these four legends from South India will surely enrich the law making process of the country. Telangana Rashtra Samithi (TRS) MP J. Santosh Kumar also conveyed his greetings to Prasad. The Rajya Sabha members noted that Prasad took Telugu cinema to the world stage. "It will be an honour for me to share the floor with the likes of him," the TRS leader tweeted. Former chief minister of Andhra Pradesh and Telugu Desam Party president N. Chandrababu Naidu also extended warmest congratulations to Vijayendra Prasad and Ilaiyaraaja on being nominated to the Rajya sabha and wished them a successful tenure. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/golden-girl-p-t-usha-becomes-the-eighth-keralite-to-be-honoured-with-a-rajya-sabha-nomination/articleshow/92716060.cms">Golden girl P.T. Usha becomes the eighth Keralite to be honoured with a Rajya Sabha nomination</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rbis-moves-to-boost-forex-inflows-could-have-an-impact-on-domestic-borrowing-rates/articleshow/92715761.cms">RBI's moves to boost forex inflows could have an impact on domestic borrowing rates</a>

Bahubali writer Vijayendra Prasad's nominated to the Rajya Sabha

<ul><li>Mumbai Indians retained the top spot in the franchise brand rankings for the fifth consecutive year, with a brand value of INR 761.0 crore, down 5.9% from last year.</li><li>Chennai Super Kings (CSK) and Kolkata Knight Riders (KKR) have seen their brand value erode by approximately 16.5% and 13.7%, respectively, compared to last year.</li></ul>Duff &amp; Phelps, A Kroll Business, today released key findings from its IPL Brand Valuation Report 2020, a study of brand values in the Indian Premier League (IPL). 2020 was a challenging year with economic distress and uncertainty due to the COVID-19 pandemic. The sports economy was not immune to this crisis, and the pandemic disrupted the sporting calendar for the year, with a string of tournaments being postponed or cancelled. The IPL also felt the heat of the pandemic, and the findings of the seventh edition of this annual IPL study suggest that the IPL ecosystem value has decreased by 3.6% in constant currency terms to INR 45,800 crore from INR 47,500 crore last year. The individual franchisees have also witnessed a reduction in their brand values over the last year, mainly due to reduced franchisee-related sponsorship revenue, loss of gate receipts, reduced food and beverage (F&amp;B) revenue and certain teams’ on-field performances. “Similar to the impact on other businesses and the overall economy, the pandemic led to a decline in the IPL ecosystem value. However, with people forced to spend time at home, there was an increase in IPL television viewership. The 2020 edition was a huge success for broadcasters as it broke viewership and advertising revenue records. Television ratings skyrocketed and advertisers tapped into this opportunity to scale up their brand image. Despite the challenging year, this momentum is indicative of how strong the IPL brand has become,” said Santosh N, External Advisor, Duff &amp; Phelps India Pvt. Ltd. “With the economy opening and COVID-19 cases decreasing in India, we expect sponsorship deals to be back to their pre-COVID-19 levels. We have now entered a more stable phase in terms of the IPL ecosystem's value; the value appreciation is not expected at the rate of previous years. However, an increase in the number of teams in 2022 and the renewal of media rights in 2023 could enhance the IPL ecosystem value in the future,” Santosh added. Commenting on the future of the sports ecosystem in India, Varun Gupta, Managing Director and Asia Pacific Leader for Valuation Advisory Services at Duff &amp; Phelps, A Kroll Business said, “The IPL reflects the evolution of the modern cricket business, with clubs benefitting not only from the sport's enduring popularity in India but also from the game going global and from some great marketing initiatives. We believe that for growth trajectories to maintain their momentum, all teams need to continue broadening their footprint, forming relationships and generating revenue opportunities in growth markets.” In 2020, IPL season 13 has seen lower sponsorship revenues as compared to previous years (Dream11 paid INR 222 crores for the season, as against Vivo’s cancelled contract of INR 440 crores per season for the IPL title sponsorship). However, IPL’s impact on its sponsors/partners continues to be remarkable. Following the announcement of central sponsorships by the Board of Control for Cricket in India, the title sponsor Dream11 secured USD 225 million in funding, one of the official sponsors Unacademy joined the unicorn club with funding of USD 150 million, and another official sponsor CRED secured USD 80 million, bringing it closer to unicorn status.

The IPL ecosystem value has decreased by 3.6% to Rs 45,800 crore in 2020 from Rs 47,500 crore in 2019: Duff & Phelp

The <keyword id="58687" type="COMPANY" weightage="20" keywordseo="Bharatiya-Janata-Party">Bharatiya Janata Party</keyword> (BJP) has released a list of '<keyword id="6457266" type="UNKNOWN" weightage="20" keywordseo="star-campaigners">Star Campaigners</keyword>' for <keyword id="6357783" type="LOCATION" weightage="20" keywordseo="West-bengal">West Bengal</keyword> and Assam Assembly polls. Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> will lead the party's campaign in both the states. Actor Mithun Chakraborty, who joined the BJP at the Prime Minister's rally on Sunday, has been made one of the star campaigners of the party in West Bengal. On March 9, in a letter to the <keyword id="6359191" type="UNKNOWN" weightage="20" keywordseo="election">Election</keyword> Commission, BJP National General Secretary and Rajya Sabha member Arun Singh submitted the list of 40 star campaigners to the poll body. "List of leaders of the BJP who would be participating in election campaigning pertaining to the Assembly elections in the state of West Bengal (Phase-I)," Singh wrote. Similarly, Singh also submitted a list of star campaigners for Assam Assembly polls. Apart from Modi and Chakravorty, BJP's list of star campaigners for West Bengal includes party chief J.P. Nadda, Union ministers Amit Shah, Rajnath Singh, Nitin Gadkari, Arjun Munda, <keyword id="197418" type="PERSON" weightage="20" keywordseo="Dharmendra-Pradhan">Dharmendra Pradhan</keyword>, Smriti Irani and Babul Supriyo. These apart, chief ministers <keyword id="43254" type="PERSON" weightage="20" keywordseo="Yogi-Adityanath">Yogi Adityanath</keyword> and Shivraj Singh Chouhan would also seek votes for BJP candidates in West Bengal. Others names include Manoj Tiwari, Locket Chatterjee, Roopa Ganguly, Shanawaz Hussain. Kailash Vijayvargiya, Dilip Ghosh, Suvendu Adhikari, Rajib Banerjee, Arvind Menon, Amit Malviya. Actress Payal Sarkar and Srabanti Chatterjee, who recently joined the BJP, have also been made star campaigners of the party in West Bengal. In a separate list of start campaigners for Assam, the BJP named Modi, Nadda, Shah, Gadkari, B.L. Santosh, Chief Minister Sarbananda Sonowal, Himanta Biswa Sarma, state President Ranjeet Kumar Dass, Narednra Singh Tomar, Jitendra Singh, Irani, Mukhtar Abbas Naqvi, Arunachal Pradesh and Manipur chief ministers Prema Khandu and N. Biren Singh, Yogi Adityanath and Chouhan. Names of local leaders are also included in the list of star campaigners in Assam along with Poonam Mahajan, Tiwari and Ravi Kishan. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/checkout-review-of-oppo-fitness-band-related-to-design-performance-price-and-battery-life/articleshow/81423414.cms">Oppo Band Style review – getting the basics right with a twist of flair</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-share-allotment-status-of-mtar-technologies-ipo/articleshow/81424102.cms">MTAR Technologies IPO: Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a>

Actor Mithun Chakraborty one of BJP's 'star campaigners' in Bengal assembly elections

New Delhi, The brand value of the <keyword id="6354831" type="COMPANY" weightage="20" keywordseo="indian-premier-league">Indian Premier League</keyword> (<keyword id="6354312" type="COMPANY" weightage="20" keywordseo="IPL">IPL</keyword>) went down for the first time in six years - by 3.6 per cent over one year. From Rs 47,500 crore in 2019, it fell to Rs 45,800 crore in 2020, the first decline since 2014, a report said on Wednesday. And in terms of US dollars, <keyword id="10904414" type="UNKNOWN" weightage="20" keywordseo="ipl-ecosystem-valuation">IPL ecosystem valuation</keyword> in 2019 was $6,780 million while in 2020 it was $6,190 million -- a change of 8.7 per cent, from Duff &amp; Phelps, a Kroll Business, which specialises in brand valuation, said in its report. "Year 2020 was a challenging one with economic distress and uncertainty due to the COVID-19 pandemic. The sports economy was not immune to this crisis, and the pandemic disrupted the sporting calendar for the year, with a string of tournaments being postponed or cancelled." IPL was relocated to the United Arab Emirates (UAE) as the Indian government had paused sporting activities due to Covid-19. But the Indian cricket board was keen to organise the IPL, and that's why the tournament was shifted, like it did in 2009, when it was played in South Africa. "The IPL also felt the heat of the pandemic, and the findings of the seventh edition of this annual IPL study suggest that the IPL ecosystem value has decreased by 3.6 per cent in constant currency terms to Rs 45,800 crore from Rs 47,500 crore last year," said the report. Duff &amp; Phelps undertook a study during the initial lockdown period (April 2020) to analyse the initial impact of COVID-19 on the value of the IPL ecosystem, which was estimated in the IPL Brand Valuation Report 2019. Based on the scenarios it considered, the IPL ecosystem value was estimated to be impacted by nearly $1 billion only due to cancellation and without capturing the impact of the economic slowdown that might follow. "In our impact study, we had mentioned that depending on the extent of the post COVID-19 slowdown, most <keyword id="6371232" type="UNKNOWN" weightage="20" keywordseo="sponsors">sponsors</keyword>hip contracts may get renegotiated next year, as the spending power of the advertisers and sponsors is likely to be impacted by the economic slowdown," Duff &amp; Phelps said. This does appear to have played out when <keyword id="215177" type="DOMAIN" weightage="20" keywordseo="Vivo">Vivo</keyword> decided to pull out of the title sponsorship at the last moment, and IPL had to scramble to get a new sponsor at the eleventh hour. The new sponsor entered at a steep discount, and the IPL had to take a hit of Rs 218 crore in sponsorship revenues. In 2020, the IPL had lower sponsorship revenues as compared to previous years. Much of this is attributed to Vivo pulling out of the title sponsorship deal and being replaced by Dream11. Dream11 paid Rs 222 crore for the season, as against Vivo's cancelled contract of Rs 440 crore/season for the IPL title sponsorship. The individual franchisees have also witnessed a reduction in their brand values over the last year, mainly due to reduced franchisee-related sponsorship revenue, loss of gate receipts, reduced food and beverage (F&amp;B) revenue and certain teams' on-field performances. The report further stated that champions Mumbai Indians remained the most valuable franchise with a brand value of Rs 761 crore. However, this is down by 5.9 per cent from Rs 809 crore in 2019. The highest drop in brand value was suffered by three-time champions Chennai Super Kings, who were evaluated at Rs 611 crore which is down 16.5 per cent from Rs 732 crore after IPL 2019. Kolkata Knight Riders have seen the second highest brand reduction at 13.7 per cent from Rs 629 crore after IPL 2019 to Rs 543 crore last year. "Similar to the impact on other businesses and the overall economy, the pandemic led to a decline in the IPL ecosystem value. However, with people forced to spend time at home, there was an increase in IPL television viewership. The 2020 edition was a huge success for broadcasters as it broke viewership and advertising revenue records. Television ratings skyrocketed and advertisers tapped into this opportunity to scale up their brand image. Despite the challenging year, this momentum is indicative of how strong the IPL brand has become," said Santosh N., External Advisor, Duff &amp; Phelps India Pvt Ltd. However, IPL's impact on its sponsors and partners continues to be remarkable, said the report. Following the announcement of central sponsorships by the <keyword id="82275" type="COMPANY" weightage="20" keywordseo="Board-of-Control-for-Cricket">Board of Control for Cricket</keyword> in India (BCCI), the title sponsor Dream11 secured USD 225 million in funding, one of the official sponsors Unacademy joined in with a funding of USD 150 million, and another official sponsor, Cred, secured USD 80 million. "With the economy opening and Covid-19 cases decreasing in India, we expect sponsorship deals to be back to their pre-COVID-19 levels. We have now entered a more stable phase in terms of the IPL ecosystem's value; the value appreciation is not expected at the rate of previous years. However, an increase in the number of teams in 2022 and the renewal of media rights in 2023 could enhance the IPL ecosystem value in the future," Santosh said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/checkout-review-of-oppo-fitness-band-related-to-design-performance-price-and-battery-life/articleshow/81423414.cms">Oppo Band Style review – getting the basics right with a twist of flair</a> <a href="https://www.businessinsider.in/international/news/narendra-modi-joe-biden-yoshihide-suga-and-scott-morrison-are-set-to-meet-for-the-first-ever-quad-leaders-summit-on-march-12/articleshow/81424117.cms">The first-ever leaders summit of the QUAD may be another signal that it's ready for something more formal</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-share-allotment-status-of-mtar-technologies-ipo/articleshow/81424102.cms">MTAR Technologies IPO: Here is how to check share allotment status</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-cfo-explains-how-the-role-of-a-finance-head-has-been-changed-by-the-pandemic/articleshow/81423884.cms">EXCLUSIVE: TCS CFO explains how the role of a finance head has been changed by the pandemic</a>

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COVID-19's impact on IPL 2020: Duff & Phelps

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Bahubali writer Vijayendra Prasad's nominated to the Rajya Sabha

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The IPL ecosystem value has decreased by 3.6% to Rs 45,800 crore in 2020 from Rs 47,500 crore in 2019: Duff & Phelp

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Actor Mithun Chakraborty one of BJP's 'star campaigners' in Bengal assembly elections

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IPL brand value falls for first time in 6 yrs, says report

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checkout Uttar Pradesh Lok Sabha Election Result 2019

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