Cricket
Dive into a collection of past posts about finance in cricket.
- 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.
- RCB just sold for $1.78 billion. Its wage bill won't move an inch.
Diageo turned a $112 million cricket bet into a billion-dollar exit, but the fixed auction purse that decides what RCB can actually spend on players next season is exactly the same as everyone else's.
- The Big Bash still has an A$3.18 million salary cap. It just stopped telling clubs how to spend it.
Ben Stokes just became the most expensive player in Big Bash history. The salary cap didn't move. What changed is who's allowed to spend it.