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[poondu]

MUMBAI: The cap of $5 million on buying of players by each of the eight Indian Premier League (IPL) franchise teams might see an upward revision in the near future, IPL Chairman and Commissioner Lalit Modi said on Tuesday.

The IPL Governing Council will hold a three-day meeting in Goa from October 16-18 at which the cap on the players will come up for review, he told reporters.

He said on January 29, 2009 has been tentatively fixed as the date for the next auction of the players.

Modi also said the IPL has already kept open a month-long period as the players' transfer window from one franchise to another.

"The players' transfer window will be between December 15 (2008) and January 15 (2009)," he said.

The IPL Commissioner also announced that the champions of the first edition of the multi-million dollar T20 league, Rajasthan Royals, have the right to decide on the venue for the summit clash of the 2009 edition.

Likewise the runners-up of the 2008 IPL, Chennai Super Kings, can decide about the venues of the two semi finals, he said, while giving details about revenue sharing from these matches.

Owners of the Mumbai franchise (Mumbai Indians) had the right to organise the semi finals and the final of the inaugural edition held between April 18 and June 1 this year and chose Mumbai as the venue for all three ties.


http://cricket.timesofindia.indiatimes.com/IPL_cap_may_be_raised_Modi_/articleshow/3491109.cms

[LosingNow]

with an upcoming recession... donno how much of this will actually happen... attendance, concession (and ad-rates) may go down

[Blwe_torch]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

[keep-it-cool]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

[dhruvdeepak]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

yeah an increased cap sounds fine to me

[keep-it-cool]

with an upcoming recession... donno how much of this will actually happen... attendance, concession (and ad-rates) may go down

is there a recession in india? no one told me

[dextrous]

with an upcoming recession... donno how much of this will actually happen... attendance, concession (and ad-rates) may go down

didnt you hear, change is comin'

[Blwe_torch]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

that cap is just a formality..................it is on its way out

[Cover Point]

with an upcoming recession... donno how much of this will actually happen... attendance, concession (and ad-rates) may go down

is there a recession in india? no one told me

india is always a bit behind the US

[keep-it-cool]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

that cap is just a formality..................it is on its way out

lol ..so, the "formality" that was there earlier continues ... what has changed?

on a serious note, if the cap goes away, it will be a sad day!

[keep-it-cool]

with an upcoming recession... donno how much of this will actually happen... attendance, concession (and ad-rates) may go down

is there a recession in india? no one told me

india is always a bit behind the US

i thought we were 10.5 hrs ahead ... (9.5 if DST) Edit: Adding a smiley for effect

[justforkix]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

that cap is just a formality..................it is on its way out

lol ..so, the "formality" that was there earlier continues ... what has changed?

on a serious note, if the cap goes away, it will be a sad day!

well, the cap at minimum should increase to account for the 12% inflation

[Blwe_torch]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

that cap is just a formality..................it is on its way out

lol ..so, the "formality" that was there earlier continues ... what has changed?

on a serious note, if the cap goes away, it will be a sad day!

it can't be a sad day...........that is the way to go!
the cap helps in initiating a newbie into a new system, much like a learner who is initiated into swimming for the first time.
in a free market system, there can be no-caps.
freedom means freedom....u can't have it regulated and manipulated.

[keep-it-cool]

freedom means freedom....u can't have it regulated and manipulated.

you should probably make this point on the US investment banks thread ...

[Blwe_torch]

freedom means freedom....u can't have it regulated and manipulated.

you should probably make this point on the US investment banks thread ...

in India..RBI is doing the job.........shoring up the rupee, that is.
I have a feeling that this Big Bang effect in USA will take it's toll in India sooner than later. The best part of the Indian market is that, they take time to absorb the bad news. First, they don't understand the implications and so remains bouyant.....and then they declare that they have successfully absorbed and overcame the bad news effects..........and after a few weeks later, when everything is forgotten, they start realizing the pain.

[keep-it-cool]

freedom means freedom....u can't have it regulated and manipulated.

you should probably make this point on the US investment banks thread ...

in India..RBI is doing the job.........shoring up the rupee, that is.
I have a feeling that this Big Bang effect in USA will take it's toll in India sooner than later. The best part of the Indian market is that, they take time to absorb the bad news. First, they don't understand the implications and so remains bouyant.....and then they declare that they have successfully absorbed and overcame the bad news effects..........and after a few weeks later, when everything is forgotten, they start realizing the pain.

 

[dhruvdeepak]

I told u so...................KIC remember?
Recessions be damned..............I am sure, this will make things more interesting.

lol .. there will still be a cap, wont there?

that cap is just a formality..................it is on its way out

who told you this 

[Blwe_torch]

freedom means freedom....u can't have it regulated and manipulated.

you should probably make this point on the US investment banks thread ...

in India..RBI is doing the job.........shoring up the rupee, that is.
I have a feeling that this Big Bang effect in USA will take it's toll in India sooner than later. The best part of the Indian market is that, they take time to absorb the bad news. First, they don't understand the implications and so remains bouyant.....and then they declare that they have successfully absorbed and overcame the bad news effects..........and after a few weeks later, when everything is forgotten, they start realizing the pain.

 

Well....what I meant was that the Indian market reacts like a TL, when a global financial crisis takes place. The impact is absorbed by the investors in leisure.............

[Blwe_torch]

You will need the lamp more than me sir....if you have to remain and prosper in the financial business in these kinds of volatility.

[keep-it-cool]

You will need the lamp more than me sir....if you have to remain and prosper in the financial business in these kinds of volatility.

oh, i think i'll survive, thanks

[Blwe_torch]

You will need the lamp more than me sir....if you have to remain and prosper in the financial business in these kinds of volatility.

oh, i think i'll survive, thanks

Good for u...keep the lamp for yourself......it will come handy.

[keep-it-cool]

in India..RBI is doing the job.........shoring up the rupee, that is.

btw ... the Re/$ has moved from from 40 in April to 45-46 now

[Blwe_torch]

in India..RBI is doing the job.........shoring up the rupee, that is.

btw ... the Re/$ has moved from from 40 in April to 45-46 now

Yes...RBI typically tumbled into action rather late.

[keep-it-cool]

in India..RBI is doing the job.........shoring up the rupee, that is.

btw ... the Re/$ has moved from from 40 in April to 45-46 now

Yes...RBI typically tumbled into action rather late.

so, did they shore up at all?

[Blwe_torch]

in India..RBI is doing the job.........shoring up the rupee, that is.

btw ... the Re/$ has moved from from 40 in April to 45-46 now

Yes...RBI typically tumbled into action rather late.

so, did they shore up at all?

well....they do, even belatedly, almost everytime.