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<div class="KonaFilter image-container float_right"><div class="image on-image">Jason Miller/Getty Images</div></div>This week's <keyword id="1913347" type="ENTERTAINMENT" weightage="60" keywordseo="Monday-Night-Football">Monday Night Football</keyword> game between the New York Giants and Minnesota Vikings was awful.
It featured two teams with a combined record of 1-10, and it <a href="http://www.businessinsider.com/josh-freemans-historically-awful-debut-was-made-worse-by-the-vikings-disastrous-game-plan-2013-10">ended up being a total snoozer</a>.
While ratings were <a href="http://deadspin.com/vikings-giants-was-crap-and-you-watched-it-anyway-1450176306">still strong</a>, <keyword id="56400" type="COMPANY" weightage="60" keywordseo="ESPN">ESPN</keyword> has to be a bit frustrated that a game <a href="http://www.businessinsider.com/espn-nfl-monday-night-football-2011-9">it paid $105 million to broadcast</a> ended up being so much worse than expected.
This is becoming a trend.
So far this year, four of the network's first eight MNF games have been worse than expected.
What do we mean by that?
We looked at <a href="http://www.businessinsider.com/chart-vegas-overunder-win-totals-for-the-2013-nfl-season-2013-9">the preseason Las Vegas expected win totals</a> for teams in each MNF game going into the season, and compared them with <a href="http://www.footballoutsiders.com/stats/playoffodds">the current Football Outsiders expected win total projections</a>.
Las Vegas win totals is generally not a good predictive metric, but it does give you a sense of perception. Since we're trying to see how the general quality of MNF matchups compares with what people thought in the preseason, Vegas win totals is useful.
It turns out that a number of MNF games that looked great in the preseason are actually stinkers. In general, the MNF slate is worse than expected.
For example, the combined expected Vegas win total for the Giants-Vikings game before the season was 16.5 wins. Now, those teams are projected to win a combined 8.3 games.
Here's the total breakdown of MNF game quality vs. expectations:
<ul>
<li>Much worse than expected (-5.0 expected wins): 1 game</li>
<li>Worse than expected (-2.0 expected wins): 6 games</li>
<li>As expected (between -1.9 and 1.9 expected wins): 8 games</li>
<li>Better than expected (+2.0 expected wins): 2 games</li>
<li>Much better than expected (+5.0 expected wins): 0 games</li>
</ul>
In addition, MNF is only projected to air one game between two 10-win teams all year (Seahawks-Saints in Week 13).
The three games that went down the most in quality:
<ul>
<li>Vikings-Giants, Week 7: -8.2 combined wins (16.5 preseason expected wins vs. 8.3 current expected wins)</li>
<li>Dolphins-Bucs, Week 10: -4.8 combined wins (15.5 preseason expected wins vs. 10.7 current expected wins)</li>
<li>Falcons-49ers, Week 16: -4.3 combined wins (21.0 preseason expected wins vs. 16.7 current expected wins)</li>
</ul>
The three games that went up the most in quality:
<ul>
<li>Saints-Seahawks, Week 13: +3.8 combined wins (19.5 preseason expected wins vs. 23.2 current expected wins)</li>
<li>Colts-Chargers, Week 6: +3.5 combined wins (16.0 preseason expected wins vs. 19.5 current expected wins)</li>
<li>Cowboys-Bears, Week 14: +1.6 combined wins (17.0 preseason expected wins vs. 18.6 current expected wins)</li>
</ul>
The games that got worse got much worse, and the games that got better only got a little bit better.
This is really unlucky for ESPN. As we mentioned before, the ratings are still high, but they're not BONKERS. When you're paying $1.8 billion per year for 17 games, you'd hope that you get a handful of truly marquee matchups.
Instead the quality of MNF matchups is lower than we thought it'd be going into the year.

ESPN Got Incredibly Unlucky With Its $1.8 Billion Monday Night Football Schedule

<div class="KonaFilter image-container float_right"><div class="image on-image">Andy Lyons/Getty Images</div></div>Mark Coomes of Insider Louisville wrote <a href="http://insiderlouisville.com/news/2013/09/25/mark-coomes-5/">an interesting article</a> last week about the vast disparity between fair market value for college athletes and the value of a scholarship.
The main point: Even if all 13 players on the top basketball teams were paid above market value ($500,000 per year), the programs would still be wildly profitable.
Let's take that a step further.
<a href="http://www.forbes.com/sites/chrissmith/2013/03/18/louisville-cardinals-lead-the-list-of-college-basketballs-most-valuable-teams/">According to Forbes</a>, seven schools made more than $12.4 million in profit off their basketball teams last year. Of those seven, four (Louisville, Kentucky, UNC, and Kansas) made $19.9 million or more in profit.
The average NBA team made $11.89 million in profit last year, according to <a href="http://www.forbes.com/nba-valuations/#page:1_sort:6_direction:desc_search:">the annual Forbes list of team valuations</a>.
This really isn't a fair comparison. NBA teams have to give 50% of total revenue to players. Kobe Bryant alone makes more money in salary (~$30 million) than the most lucrative basketball team made in profit (~$24.6 million).
But as a thought exercise, let's say the country's biggest, most profitable college hoops teams started <keyword id="1890147" type="UNKNOWN" weightage="60" keywordseo="Paying-Players">paying players</keyword> $500,000 per year (way more than anyone is talking about right now, mind you).
Here's what the four top schools would make:
<ol>
<li>Louisville, $18.1 million</li>
<li>Kansas, $13.4 million</li>
<li>UNC, $13.4 million</li>
<li>Kentucky, $13.4 million</li>
</ol>
They'd all still be making more profit than the Clippers and Mavericks, and Louisville would be making more than the Heat.
This is a pretty elementary analysis. But the point is that these schools are making tons of money because of free labor.

The 4 Biggest College Basketball Schools Could Pay Players $500,000 And Still Be More Profitable Than The Average NBA Team

<div class="image-container float_right"><div class="image">Denis Doyle/Getty Images</div></div><keyword id="60388" type="ORGANIZATION" weightage="60" keywordseo="English-Premier-League">English Premier League</keyword> clubs <a href="http://www.businessinsider.com/english-premier-league-transfer-window-spending-2013-9">spent $622 million more than they took in on player transfers this summer</a> - by far the largest spending spree of any league in Europe.
Now we know why.
Sporting Intelligence has <a href="http://www.sportingintelligence.com/2013/09/16/revealed-asia-driving-boom-as-premier-league-foreign-tv-cash-hits-2-23bn-160901/">a report out on the value of the EPL's overseas TV rights deals</a>, and it shows that money is pouring in like never before.
Between 2013 and 2016, the league will make $3.4 billion from foreign broadcast deals. That's a 55% increase compared to the $2.2 billion in overseas TV money the league made between 2010 and 2013, Nick Harris of Sporting Intelligence reports.
Asia is the big driving force with $1.4 billion in region-wide deals, a huge 77% increase from 2010-2013.
Southeast Asia is mad about the EPL. Teams like Liverpool and Arsenal take summer tours there every year, and that popularity is now translating into real revenue. The countries with the biggest deals:
<ul>
<li>Thailand ($320 million)</li>
<li>Singapore ($297 million)</li>
<li>Hong Kong ($200 million)</li>
<li>Malaysia ($200 million)</li>
<li>India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, Maldives ($145 million)</li>
</ul>
In general, clubs try to balance their books during the transfer window - selling one player and using that money on another.
But the coming injection of overseas cash has allowed clubs to spend big without having to turn around and sell other players.
Foreign deals, in Asia specifically, led to this:
<div class="image-container"><div class="image">REUTERS</div></div>
<a href="http://www.sportingintelligence.com/2013/09/16/revealed-asia-driving-boom-as-premier-league-foreign-tv-cash-hits-2-23bn-160901/">Read the entire SI report here &gt;</a>

Asia Is The Secret Driving Force Behind This Summer's $622 Million English Premier League Spending Spree

<div class="image-container float_right"><div class="image">Mike Ehrmann/Getty ImagesColin Kaepernick makes less than $1 million per year</div></div>The <keyword id="103436" type="ORGANIZATION" weightage="60" keywordseo="NFL">NFL</keyword> is the most lucrative pro sports league in the world, but its players are dead last among the four major American professional sports in average salary.
On average, NBA players make $5.15 million, MLB players make $3.2 million, NHL players make $2.4 million, and NFL players make $1.9 million per year, <a href="http://www.forbes.com/sites/monteburke/2012/12/07/average-player-salaries-in-the-four-major-american-sports-leagues/">according to Forbes</a>.
But that doesn't even tell the full story.
Andrew Powell-Morse and Brett Cohen at BestTicketsBlog <a href="http://www.besttickets.com/blog/unofficial-2013-nfl-census/">put together two charts</a> that reveal how few NFL players are making real money.
In short, the average NFL salary doesn't spike until most players are out of the league.
70% of NFL players are between the ages of 22 and 27. Players in that group earn less than the NFL average overall.
<div class="image-container"><div class="image"><a href="http://www.besttickets.com/blog/unofficial-2013-nfl-census/">BestTicketsBlog</a></div></div>
Compare that chart to this age distribution chart for players. They are mirror images of another:
<div class="image-container"><div class="image"><a href="http://www.besttickets.com/blog/unofficial-2013-nfl-census/">BestTicketBlog</a></div></div>
The number of players at each age starts declining once you get to age 26 - the same point at which the average salary starts in incline.
Most NFL players don't make it to the age range (28 to 35) when they can start making serious money ($4 million a year and up on average).

Two Charts That Expose How Badly NFL Players Get Paid

Both <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> dipped during early morning trade today. As of 10:30 am, while Sensex dipped 0.27% to 77,095.86 points, Nifty50 fell 0.57% to 23,422.75 points. Nifty and Sensex had registered new all-time highs of 23,579.05 and 77,366.77 respectively on Tuesday. Following a promising uptrend rally, the Nifty closed 92 points higher while the Sensex was up 308 points. Among sectors, realty and private bank indices outperformed, with both indices gaining over 1 per cent. As per Sameet Chavan, Head Research, Technical and Derivative at <keyword id="20109427" type="General" weightage="20" keywordseo="Angel-One" source="keywords" meta.keywordsubtype="org" meta.entityname="Angel One" meta.hostid="261" meta.entityid="Angel One">Angel One</keyword>, “Traders should wait for a trigger before becoming aggressive with index-specific trades. With a bullish undertone, traders should focus on trades outside the index, as the real action lies there.” <cmsannotation type="cmsannotation" annotationid="Action in Vodafone, Airtel" comment="subhead" text="Action in Vodafone, Airtel">Action in <keyword id="19945463" type="General" weightage="20" keywordseo="Vodafone" source="keywords">Vodafone</keyword>, <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords">Airtel</keyword></cmsannotation> Vodafone Idea and <keyword id="20319214" type="General" weightage="20" keywordseo="Indus-Towers" source="keywords" meta.keywordsubtype="org" meta.entityname="Indus Towers" meta.hostid="261" meta.entityid="Indus Towers">Indus Towers</keyword> will remain in action today, given that Vodafone’s parent company (Vodafone Group) is all set to divest around 9.94% of its stake in telecom tower operator Indus Towers, via share sale today. Per reports, Bharti Airtel has acquired around 2.69 crore equity shares of Indus Towers, which constitute around 1% of its equity. While Indus Towers share dipped by 4.59% to Rs 328.75, Bharti Airtel’s share also saw a slight dip of 1.12%, and are currently trading at Rs 1,412.30. <cmsannotation type="cmsannotation" annotationid="Wipro denies multi-million dollar deal" comment="subhead" text="Wipro denies multi-million dollar deal"><keyword id="19945574" type="General" weightage="20" keywordseo="Wipro" source="keywords" meta.keywordsubtype="org" meta.entityname="Wipro" meta.hostid="261" meta.entityid="Wipro">Wipro</keyword> denies multi-million dollar deal</cmsannotation> In a clarification issued to the stock exchange, Wipro noted that the report of the tech major securing a multi-million-dollar deal from Standard Chartered is inaccurate and factually incorrect. Wipro continues to trade at Rs 487.65, down by 0.85%. <cmsannotation type="cmsannotation" annotationid="ICICI bank allots Employee stock options" comment="subhead" text="ICICI bank allots Employee stock options"><keyword id="19900482" type="General" weightage="20" keywordseo="ICICI-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="ICICI Bank" meta.hostid="261" meta.entityid="ICICI Bank">ICICI bank</keyword> allots Employee stock options</cmsannotation> Per its NSE filing, ICICI Bank has allotted 6,22,607 equity shares, each with the face value of Rs. 2, on June 19, 2024 under the ICICI Bank Employees Stock Option Scheme-2000. The bank’s stock jumped by 1.28% and is trading at Rs 1,137.25 <cmsannotation type="cmsannotation" annotationid="Aditya Birla acquires minority stake in USPL" comment="subhead" text="Aditya Birla acquires minority stake in USPL"><keyword id="19957000" type="General" weightage="20" keywordseo="Aditya-Birla" source="keywords">Aditya Birla</keyword> acquires minority stake in USPL </cmsannotation>In an all-cash deal, Aditya Birla Digital Fashion Ventures Limited (ABDFVL) has acquired a 16% minority stake in Universal Sportsbiz Private Limited (USPL). Per the filings, the aim is to acquire a majority stake in the company, manufacturing and distributing fashion apparels and accessories under the brand name “Wrogn”. Shares of Aditya Birla Fashion and Retail, ABDFVLs parent company is trading at Rs 324.70, down 1.75% <cmsannotation type="cmsannotation" annotationid="Tata Motors to raise vehicle prices" comment="subhead" text="Tata Motors to raise vehicle prices">Tata Motors to raise vehicle prices </cmsannotation>Tata Motors Limited is set to increase the prices of its commercial vehicles starting July, 2024. Following the news, the stock dipped by 0.27%, and is trading at Rs 983.2

Morning market overview: Stocks that could swing in action

<ul><li>As Walmart-owned <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> moves towards a possibly $10 billion initial public offering (IPO), it seems to be shedding flab with a nearly $300 million write off in Jabong.</li><li>Flipkart India CEO Kalyan Krishnamurthy described 2020 as the year when the company turned ‘financially prudent’, without adding any details.</li><li>Judith McKenna, president and chief executive of Walmart International, said that even after Flipkart being shut for 53 days in 2020 due to the COVID-19 pandemic, the e-commerce business closed the year stronger than it started.</li><li>For Flipkart, in 2021, the focus will be on grocery and fashion bringing loyal customers through its subscription programme and investing in technology and infrastructure.</li></ul>Digging inside Walmart's earnings has revealed a lot about what's happening at Flipkart. As the India-born e-commerce subsidiary moves towards a <a href="https://www.livemint.com/market/ipo/walmart-readies-for-10-bn-flipkart-ipo-11607300769974.html">possibly</a> $10 billion initial public offering (IPO), it seems to be shedding flab with a nearly $300 million write off in one of its units. As Walmart boss Doug Mcmillon wants to “step on the gas” in India, Flipkart chief executive officer (CEO) Kalyan Krishnamurthy has decided to focus on areas like grocery and fashion as well as investments in technology and infrastructure. <div type="Youtube" id="zUinE3RR_nU" title="Flipkart Gets Leaner With A $300 Million Jabong Write-Off" thumbUrl="https://i.ytimg.com/vi/zUinE3RR_nU/mqdefault.jpg"></div> Krishnamurthy described 2020 as the year when Flipkart turned ‘financially prudent’. While he didn’t add any details, inside Walmart’s earnings report, there were “business restructuring charges” including $293 million non-cash impairment for the <a href="http://jabong.com/">Jabong.com</a> trade name. Business Insider reached out to Flipkart for more inputs but the spokesperson said that they have nothing more to add. <keyword id="1484171" type="COMPANY" weightage="20" keywordseo="jabong-com">Jabong.com</keyword> was a fashion e-commerce entity that Flipkart had acquired through Myntra in 2016 and eventually absorbed it. <cmsannotation type="cmsannotation" annotationid="A step towards IPO?" comment="subhead" text="A step towards IPO?">A step towards IPO?</cmsannotation> Such restructurings are common when a company is planning to go public. It makes the IPO more attractive. Walmart is reportedly preparing Flipkart for a big market debut possibly in the US – a $10 billion initial public offering (IPO). The listing is expected to boost Flipkart’s valuation to $40 billion from the current $24.9 billion. While the company hasn’t given a timeline or details for the market offering, <a href="https://www.livemint.com/market/ipo/walmart-readies-for-10-bn-flipkart-ipo-11607300769974.html">reports</a> say that it could be in 2021 with Walmart divesting a 25% stake in the company. <div type="image" title="Flipkart valuation history - December 2020" msid="81105071" hostid="261" caption="&amp;lt;p&amp;gt;Flipkart valuation history until December 2020&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Shedding past baggage is one thing, focussing on the future is another" comment="subhead" text="Shedding past baggage is one thing, focussing on the future is another">Shedding past baggage is one thing, focussing on the future is another</cmsannotation> Walmart is clearly very bullish on Flipkart. Both Walmart CEO Mcmillion and Judith McKenna, president and chief executive officer (CEO) of Walmart International were all praises for the team in India during the earnings call. McKenna said that Flipkart has doubled its gross merchandising value (GMV) despite being shut for 53 days due to the COVID-19 pandemic. “The e-commerce business closed the year stronger than it started,” she added. GMV is the total value of merchandise sold on a platform. When asked about the focus for 2021, Krishnamurthy lined up grocery, fashion, and onboarding loyal customers through their subscription programme. In fashion, Flipkart has already made some moves, but the attractive grocery segment is going to be a challenge. Investments made by Flipkart in the apparel industry recently <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investment by Flipkart </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">USPL (Universal Sportsbiz Pvt Ltd) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Undisclosed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aditya Birla Fashion Retail Limited </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,500 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Arvind Fashions </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹260 crore </td></tr></tbody></table> In grocery, Flipkart has betting big on itself through Flipkart SuperMart and an investment in <a href="https://www.businessinsider.in/business/ecommerce/news/walmart-and-flipkart-invest-in-ninjacart-again-to-bump-up-its-grocery-offerings-ahead-of-the-festive-season/articleshow/78617012.cms">Ninjacart.</a> “We are going to partner with the roughly million kirana stores in our ecosystem,” he said. Kirana is the Hindi word for mom-n-pop stores in India and is the latest buzzword in the race for online grocery retail where some of the richest and mightiest business houses in the country are making big investments. JioMart, which is Reliance Retail’s e-commerce debut, owned by India’s richest man Mukesh Ambani, is targeting 30 million merchants and he is backed by Facebook and WhatsApp for this project. The $100 billion Tata Group, one of India’s oldest and largest conglomerates, has reportedly closed a deal to acquire BigBasket, one of the early birds in India’s online grocery market. Meanwhile, Flipkart is also betting big on adtech (Advertising technology). Krishnamurthy said that Flipkart’s advertising platform is currently one of the top five in India today. Flipkart is strengthening its advertising and monetisation portfolio and has announced the launch of a custom built demand-side platform (DSP). It recently partnered with <a href="https://www.businessinsider.in/advertising/ad-tech/news/flipkart-launches-commerce-focused-self-serve-demand-side-platform/articleshow/80919844.cms">MediaMath</a> to launch its demand-side platform. SEE ALSO: <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-denies-dodging-indian-regulations-but-the-government-is-already-investigating-and-rivals-want-a-ban-on-jeff-bezos-company/articleshow/81088953.cms">Amazon denies dodging Indian regulations⁠ but the government is already investigating and rivals want a ban on Jeff Bezos’ company</a> <a href="https://www.businessinsider.in/entertainment/news/pewdiepies-lyrics-targeting-cocomelon-and-jk-rowling-that-may-have-gotten-youtube-angry-enough-to-pull-the-video-down/articleshow/81102941.cms">PewDiePie's lyrics targeting CoComelon and JK Rowling may have gotten YouTube angry enough to pull the video down</a>

Flipkart gets leaner with a $300 million Jabong write-off as CEO Kalyan Krishnamurthy lists out the priorities for 2021

It sure is proving to be a good year for <keyword id="6354486" type="PERSON" weightage="100" keywordseo="Virat-Kohli">Virat Kohli</keyword>, the young gun of Indian cricket. First, he became the first cricketer to have 5 million followers on Twitter, and then he was named the captain of the Test Cricket team after Dhoni’s sudden retirement. 
 What his good luck does to him in the ongoing cricket World Cup is yet to be seen, but on a different front, Kohli has launched <keyword id="2606212" type="UNKNOWN" weightage="100" keywordseo="Wrogn">WROGN</keyword>, his breakaway fashion brand, exclusively at Myntra. 
 
He posted a video on his social networks announcing the same. Take a look at the video <a href="https://www.facebook.com/video.php?v=797765690310536&amp;set=vb.326546224099154&amp;type=2&amp;theater">here</a>. 
 
The collection has been launched in collaboration with Universal Sportsbiz Pvt Ltd, and you can have a look at the collection <a href="myntra.com/wrogn">here</a>. 
 
Image courtesy EconomicTimes

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