Flagship
Occasional long-form pieces that go further than a usual weekly issue, across every sport we cover. Free for everyone right now, and a preview of what a full membership will eventually include.
- Every IPL team starts with the same ₹125 crore purse. Their valuations aren't identical at all.
A flagship deep dive: the IPL locks every franchise to the same auction purse and the same guaranteed central payout, on purpose. What it can't equalise is what a franchise is actually worth, and that gap is the real business of Indian cricket.
- Manchester United's Real Balance Sheet: Two Decades Of Debt, One Very Expensive Way Out Of It
A flagship deep dive: how a leveraged buyout from 2005 turned into today's record debt, why cost-cutting at the edges barely touches it, and why a new stadium might actually be the sanest financial decision the club has made in years.