Ben Gilbert: belief

Transcript context

…Yes. So on very short notice, I think like a month’s notice, they airlift the entire tournament out of India and move it to South Africa. Then they re-setup all the teams in South Africa—the same teams, same ownership, same player—but they just assign like, oh, Mumbai, you’re now in Cape Town or wherever, reassign teams to all the cities, and they restart the IPL and play it in South Africa. Amazingly, it goes pretty well. This actually becomes a great thing for the IPL because it’s still very popular in India. It’s broadcast back in India. Local revenue for the teams, the stadium gate receipts and sponsorships for the local teams was never that much in India. Still isn’t that much to this day. So you’re actually not sacrificing much revenue by doing this. I think by our calculations—we tried to estimate a P&L for any given team—we’re looking at something today like $66 million coming from a central pool and only $4-ish million coming from tickets. This is a TV product. And satellite signals work just fine from South Africa to India.…

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