Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
24 Mar 2025 Acquired Indian Premier League Cricket
“You bid $100 million, it’s $10 million over 10 years on average, but I’m only going to charge you $5 million in the first. I believe that’s how it was set up.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 24 Mar 2025
- Publisher
- Acquired
- Episode
- Indian Premier League Cricket
Transcript context
…And Lalit. And Lalit. He is an incredible entrepreneur. So Lalit goes back to Shah Rukh and he is like, all right. I got you your team. I’m going to set the minimum reserve price in the franchise auction at $50 million, but it’s going to be payable over 10 years. No matter what you bid and what you win, the first year’s payment is going to be $5 million. If you bid $50 million, it’s $5 million a year for 10 years. You bid $100 million, it’s $10 million over 10 years on average, but I’m only going to charge you $5 million in the first. I believe that’s how it was set up. On top of it, if you’re trying to get people over the line……
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.