Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
24 Mar 2025 Acquired Indian Premier League Cricket
“In many respects, the current structure where we have Redbird or CVC, big institutional investors in the IPL,” which we will get to in just a sec, “that wouldn’t have been possible without the new governance structures that were put in place circa 2015 by the Supreme Court.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 24 Mar 2025
- Publisher
- Acquired
- Episode
- Indian Premier League Cricket
Transcript context
…Who was coming up right around the time the IPL was started. Was actively playing right through all of this happening. Ed did the business breakdowns episode about the IPL, which has been an amazing resource for us. We’ll link to the show notes. It was a great, great episode. We talked to him afterwards. Here’s Ed’s quote about this. “In many ways, the IPL was a bit of a bellwether for foreign investment at scale, and the government realized that it was in their best interest to promote a vision that proper governance really was at the forefront of the new modern India. And it was important for people to be able to invest in India. In many respects, the current structure where we have Redbird or CVC, big institutional investors in the IPL,” which we will get to in just a sec, “that wouldn’t have been possible without the new governance structures that were put in place circa 2015 by the Supreme Court. ” This whole thing almost went down the tubes. It was this close, and the Supreme Court saved it. You had something on the order of, at the time, $4 or $5 billion of enterprise value across all the teams that almost went to zero.…
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