Tamasha of the IPL
Auction
Going, Going, GONE !
News Courtesy ::
Mid Day Sports
21st february 2008
The
ongoing tamasha of the IPL auction and the crores which are being
bid for players past and present, forces one to reflect on the
economics of sport in India. As an athlete who represents sport
other than cricket and as a promoter of a sports fund dedicated to
funding athletes with the potential of winning India that elusive
Olympic Gold [Olympic Gold Quest], my instinctive reaction is a
curious and perhaps intriguing mixture of despair and hope.
I
experience despair for reasons which are obvious. The fanatical
obsession called cricket has just joined hands with the film word to
create a new pastime [I consciously refrain
from calling it sport] where it will gain even further
visibility and media hype fuelled by both cricket and Bollywood.
This in turn will almost certainly divert sponsorship which could
have gone to disciplines with a genuine chance of winning India that
Olympic Gold. But economics, be it in the IT industry, telecom, oil
or in sport has proved that the big get bigger through mergers,
aquisitions or through organic growth. This is the way of the world
and cricket and it's administrators are presently in this euphoric
state which has seen them grow from strength to strength.
This
fantastic success of cricket packaging is being played out at a time
when our Olympic medal hopes who will pit their skills against the
best in the world in only five months at Beijing are starved of
funds. But pragmatism lies in understanding and accepting that we
live in an unequal world.
But I
garner hope from India's booming economy and our finance minister's
promise of 8% to 9% growth. With this growth, India will stake its
claim to be a super power perhaps in the next two decades. There is
a strong correlation between sporting performance at the Olympic
platform and the state of a country's economy. Growth will divert
additional funds to diverse sporting disciplines. This, along with
cricket succumbing to 'the law of diminishing returns' with respect
to public attention over the next two decades will pave the way for
a bright and vibrant sporting culture in India where an Olympic gold
winner will perhaps be auctioned by sports management companies for
as much if not more than the then equivalent of a Sachin Tendulkar.
Till then
lets get ready for more cricket ...
Geet Sethi
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