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April 10, 2009Posted on 04/10/2009 in Indian Premier League
Profiteers at large
In the Kolkata-based Telegraph, Ashok Mitra calls for more transparency in the financial transactions of the IPL, which he argues must be registered as a corporate entity.
The IPL is, to all intents and purposes, an out-and-out business enterprise, in effect a transnational set-up. It nonetheless keeps flaunting itself as a sports body. Since it is not registered as a corporate outfit, the corporate laws are apparently not applicable to it, and this in spite of its making mountains of money that is the envy of many business houses.
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