The IPL at another turning point as RCB is sold; engineering atmosphere at sports events; and celebrating the crowds at LIV

26 Mar 2026 · 36 min · 14 chapters

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In short

The episode of Worth Knowing focuses on three business-and-fan themes: how atmosphere is engineered at sports events, how sports collectibles are monetized, and major league developments in cricket and golf.

Guests

DJ Ski (Scott Keeney), founder/operator of The Realist, a sports memorabilia authentication and sales service for rights holders; he previously worked in US radio and became the first live DJ at multiple sports events (NFL, NASCAR, University of Michigan stadium), including Kendrick Lamar career support.

Key claims

crowd energy can be manipulated by matching music to athletes and by staying out of the way of football’s natural chants; collectibles are “physical manifestations” of sports storytelling with both low-cost conversation starters and scarce high-value game-worn items. Examples: Eagles “snow game” bottles; Premier League collectibles revenue potential (millions of pounds per season). Other coverage: RCB sold for just under $1.78B; IPL’s BCCI-controlled model and rising media rights; Live Golf’s 100,000+ South Africa crowd and DeChambeau vs Rahm playoff.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Discussion on Atlanta and Soccer Conference

0:45 to 3:00

Hosts discuss Atlanta's significance and the upcoming soccer event.

“It's slightly inopportune timing because...”

Reflections on the 1996 Olympics

3:00 to 5:00

Hosts reminisce about the historical significance of the 1996 Atlanta Olympics.

“And I know you've been to Mercedes-Benz Stadium where the Falcons play, of course, and Atlanta United play.”

Mercedes-Benz Stadium and Southern Hospitality

5:00 to 7:00

Exploration of the Mercedes-Benz Stadium and its Southern hospitality approach.

“But there's still plenty of time, of course, before things kick off.”

DJ Ski and Atmosphere at Sports Events

7:00 to 9:30

Introduction of guest DJ Ski and his impact on sports event atmospheres.

“It's a good, it's free flowing and wide ranging as a conversation, but Ski's career, by the sound of it, has been a little bit that way as well.”

DJ Ski's Unique Career and Insights

9:30 to 12:00

Discussion about DJ Ski's career and his insights on crowd energy at events.

“We'll also talk about the IPL, another sort of sports property that has an incredible emotional human backdrop to it that's so core to the product.”

Challenges of DJing at Sports Events

12:00 to 14:00

Exploration of the challenges DJs face at sports events and crowd dynamics.

“You have the sort of call and reply, home fans, away fans.”

The Growing Collectibles Market in Sports

14:00 to 18:10

Explore the booming collectibles market in sports and its potential revenue.

“yet another thing to watch as this World Cup plays out.”

Recent Developments in Sports Management

18:10 to 20:40

Learn about key appointments and organizational changes in sports management.

“Flip that and you've got the US mindset, which is there must be plenty of people who'd be willing to pay something for some snow.”

The Sale of Royal Challengers Bangalore

20:40 to 26:00

Delve into the recent sale of the RCB franchise and its implications for the IPL.

“We're on the eve of another IPL season, aren't we?”

The Financial Growth of the IPL

26:00 to 28:00

Understand the financial structure and growth of the IPL as a sports entity.

“How do these billionaires, how do they manage it?”
Show all 14 chapters

IPL's Revenue Growth and Challenges

28:00 to 29:55

Explore the increasing revenue streams of the IPL and the challenges ahead.

“And so there's this immense control at the heart of the IPL.”

Upcoming Sales in IPL Ownership

29:55 to 32:29

Discussing the potential sale of the Rajasthan Royals and its implications.

“advertising market, TV advertising market, partly as a result of new laws around gambling and crypto, new restrictions on gambling and crypto.”

Live Golf's Successful Event in South Africa

32:29 to 34:26

Analyzing the successful execution of Live Golf's first event in South Africa.

“Finally, David, before you go off on your merry way for the business of soccer, you watched Live Golf this weekend, didn't you?”

International Expansion of Live Golf

34:26 to 35:34

Examining whether Live Golf should focus more on international events.

“broke into a rendition of the south african national anthem at one point around the 18th green, unprompted by any sort of music or any sort of entertainment aspect.”
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Transcript

Automatic transcript. May contain errors.

0:04James Emmett:Hello and welcome to Worth Knowing, the sports industry podcast from Leaders, where we talk about what's worth knowing in the business of sport this week. I'm Leaders Editorial Director James Emmett.

0:15David Cushnan:And I'm David Cushnan, Content Director. On the show this week, stoking atmosphere, then selling souvenirs, the unusual world of sports entrepreneur DJ Ski.

0:25James Emmett:The IPL returns for 19th edition and defending champions RCB are sold.

0:31David Cushnan:And is Live Golf finding its fan-friendly niche? This is Leaders Worth Knowing.

0:39James Emmett:Hello, David. You are remote. Are you over there in Atlanta? I think I can see Atlanta there in the background. James, you're looking at a small bit of Atlanta in the background.

0:47David Cushnan:Yes, I'm here in Georgia, in the great southeast of the United States, and here for a busy couple of days at our Business of Soccer conference, Business of Soccer event that we're running with Sports Business Journal and Major League Soccer and CONCACAF and US Soccer and a host, hundreds and hundreds of soccer slash football luminaries as well.

1:10James Emmett:We're recording this. It's slightly inopportune timing because... But nothing's happened. Nothing's happened. No, nothing. Nothing's happened. You're in prep time. Can give you a big lowdown on the prep if you want. No, thank you. Conference coming up over the next couple of days and we'll no doubt get the debriefs and the intel from that event in the days following. You're there with all sorts of recording devices and we'll work out whether you can work out how to use them over the coming days. You've not been to Atlanta before, have you? This is another Olympic city ticked off your list.

1:43David Cushnan:Yes.

1:44James Emmett:No and yes or yes and yes. You have been to Atlanta before.

1:48David Cushnan:No, I haven't been to Atlanta. And yes, you are correct. Another Olympic city ticked off. In fact, the event is at Mercedes-Benz Stadium, which people who know Atlanta will know is a stone's throw from State Farm Arena, the home of the NBA's Hawks, which itself is a stone's throw from the enormous cavernous Congress Center, which is a stone's throw from Centennial Park, the centerpiece of the 1996 Atlanta Olympics. 30 years ago, James, since Atlanta hosted the Olympics, the centennial Olympic Games. And the park is full of Olympic flags, Olympic memorabilia.

2:25James Emmett:No, I think that's actually one of the best Olympics, I think, in the 96.

2:28David Cushnan:Well, one of the best Olympics that I've certainly watched as an impressionable youngster who loved the Olympics. I think derided by some at the time as a very over-commercialized Olympics, which is something, I guess, to be borne in mind as LA prepares to become the next American city to host the summer games. But the park is great and by all accounts was built in an area that wasn't a particularly appetizing part of Atlanta previously, but was really the starting point for everything that has followed. And I know you've been to Mercedes-Benz Stadium where the Falcons play, of course, and Atlanta United play.

3:06David Cushnan:Arthur Blank's dream project. Arthur Blank, one of the speakers at Business for Soccer over the next couple of days. And I was somewhat taken aback to find out yesterday as we were having a look around that stadium is 10 years old next year. So it's still, in my mind, feels like one of the newer NFL stadiums, and I suppose it is. But yeah, it's approaching a big birthday.

3:30James Emmett:Do you know what? Time, time, Dave. Dot, dot, dot. It's just time. It's just time. Yes, I'm recalling my trip to Atlanta now. And I urge you to look out for something that they're very proud of at the Mercedes-Benz Stadium, which is the Southern hospitality. So they're all trained in how to be good hosts, but there is something that they absolutely buy into this theory of Southern hospitality and embodying what that is at the Mercedes-Benz Arena. You know, all staff members from security through to kind of suite hosts and hostesses all buy into this sort of as an English person, slightly over the top hosting style.

4:09James Emmett:But it's definitely noticeable. And I urge you to look out for it, David. Quick question before we move on. Are they football fever now? We're obviously doing a couple of days of soccer flavored content at the Business of Soccer event. can you feel the pulse of the World Cup from a day and a half on the ground there?

4:28David Cushnan:No, but there's still a bit of time. If you look carefully and you know what you're looking for, you can see a little bit of branding starting to creep up, but it's certainly not the dominant branding. Very little sign of it at the airport on the way in. I was wandering around a few of the shops yesterday and certainly in some of the sort of sportswear memorabilia shops, you see a little FIFA spot, but dwarfed by any of the Atlanta teams and all of the major leagues. So a little bit of a slow burn in that regard, certainly from a branding standpoint. But there's still plenty of time, of course, before things kick off.

5:04James Emmett:We're in March Madness time, of course, now. The TVs will be dominated by that, where you are. You mentioned memorabilia, David. Shall we talk a little bit about our guest on the interview show this week, which was DJ Ski, aka Scott Keeney, the weird and wonderful world of DJ Ski. So Ski came into the studio a few weeks ago to talk ostensibly about The Realist, which is a sports memorabilia authentication service and site that he founded and runs. but he's got such an eclectic background. He is, as his name suggests, a DJ. And he started off in radio in the US. And he's actually responsible for supercharging the careers of some of the biggest stars in music and entertainment right now, including Kendrick Lamar.

6:01James Emmett:Look on his Wikipedia page, you'll find a roll call of people who he has broken into the industry. He's the first DJ, live DJ at multiple sports events. So the first DJ at an NFL game, the first DJ at a NASCAR race, the first DJ at the amazing University of Michigan stadium. And he knows a thing or two about game day experience, manipulating an atmosphere and an energy. And he's sort of moved now into this memorabilia world where he's authenticator. So the service he provides is aimed at rights holder organizations in the sports industry where the realist will authenticate match worn, match used, player worn items.

6:47James Emmett:And then if you want to go down this route, also sell and market them. He has sold everything from match worn jerseys to little bottles of snow collected from the field of play at Philadelphia Eagles game, the famous snow game. He's an entrepreneur to his core. Yes, it's a good listen. Have you listened to this one, Dave?

7:09David Cushnan:Yes, I have. It's a good, it's free flowing and wide ranging as a conversation, but Ski's career, by the sound of it, has been a little bit that way as well. But I think what Sean threw was, he seems to have a knack for spotting a moment or spotting a trend, maybe before it's a trend, or just being slightly ahead of the curve on some of these things. I thought the section around him DJing at all sorts of sports events, but being the first to really do so was fascinating. And this idea of, as you say, changing, manipulating the energy of a crowd, because it struck me that's an incredibly tricky thing to do, because the brief, I imagine, for lots of these things for a DJ, whether it's an event owner or a stadium manager, is get the crowd going, you know, get the crowd up for it, which is very straightforward as a brief, but actually ignores the sort of complexity of crowds and a crowd of 70 ,000 people are one and the same thing, but they are also makeup of an incredibly, you know, sort of different group of people, different demographics, different levels of avidity, of interest, of knowledge about what they're about to watch.

8:26David Cushnan:A lot of them are paying different prices, as we've discussed on recent podcasts as well. So there is such different expectations within your average crowd of 70 ,000 people, it must be an incredibly tricky thing to pitch correctly. I thought your point around getting the athletes on board was fascinating because if you can win them over, the athletes more than any music in the world will be the thing that energizes a crowd of supporters. And it actually struck me, and we'll come on to talk about Live Golf a little bit later, but one of the things that Live has done is injected forced live music into play.

9:03David Cushnan:You know, live golfers tee off to music now. So actually what live has done has forced a change in athlete behavior, whether they actually like it or not, but they all seem to buy into it or accept that this is the new way of doing things. And actually that's quite a rare thing where you, as a sport, as an event, you are able to sort of actively change athlete behavior. so it chimes better with what you want your product to be and what you want your fan experience to be.

9:32James Emmett:Yeah, it's interesting. And as you say, we will get to live. We'll also talk about the IPL, another sort of sports property that has an incredible emotional human backdrop to it that's so core to the product. But yeah, this idea of DJ Ski, obviously DJing at these sports events, this idea of music at sports events is similar to the idea of booze at sports events like so fundamental to so many sports events and there are lots of different strands of conversation that you can have around the concept of music at sports events where it should and shouldn't be how it should and shouldn't be what and it should and shouldn't be same with booze and i recall talking to another, I tend to interview one DJ a year in the sports space.

10:25David Cushnan:Yeah, we leave the DJs to you generally.

10:27James Emmett:I remember speaking to DJ Tony Perry, who's a UK DJ, does a lot of sports events over here and in Europe. He does a lot of the UEFA competitions. And he was talking to me about the assiduous research that he does in the lead up to big DJ events. And it's all about connecting with the players. So he scours all of their social media output to try to glean a musical palette for particular athletes that are going to be there on the field so that he knows or he's got an inkling that he could play something and that particular player is going to connect with it. And that is going to be a conduit of energy to the crowd because it's actually a very peculiar a gig doing music at a sports event.

11:13James Emmett:I think it's kind of like doing comedy at a music festival. The crowd isn't there for you. They're there for something else. And on that point, I saw a clip of a musical act who was doing something at one of the hundred cricket games, playing to ostensibly a big crowd, but the crowd is just absolutely not there for that musical performance. It's a background too, rather than feature of the game. So it's a weird gig for a musician. And you've got to find way, you've got to recognize that you're there as an atmosphere engineer rather than a kind of musical act and centerpiece yourself.

11:51David Cushnan:Yeah, I think with football, soccer in particular, it's particularly challenging because you You have, certainly in Europe and lots of parts of the world, you have this history of chants and songs and the tribal nature of football stadiums. You have the sort of call and reply, home fans, away fans. and actually when you plug either a music act or a DJ or some sort of playlist into that, you've got to, really your primary job is to stay out of the way of the sort of natural atmosphere that football fans love creating and is part of the sort of, you know, the sort of traditional match day experience.

12:38David Cushnan:I think in the US, maybe a slightly different approach. Obviously, the sports tend to be a bit more stop-start, particularly the NFL, which creates the opening for more music and more festivity around the actual sport. And I think it's going to be quite interesting, and I suspect I know which way they're going to go with this, how FIFA runs the sort of match day presentation inside stadiums for the World Cup here in Mexico, in Canada in the summer. Because you've got a largely American event, American stadiums, a lot of American fans very used to music festivities, the entertainment aspect and completely at ease with that and comfortable with that.

13:23David Cushnan:But you have all sorts of, you know, 48 bunches of international fans potentially coming into that environment who want to make their own noise, who want to, as a group, as a traveling quote army of fans, want to almost create their own entertainment and how FIFA sort of marries that up to create something that works for everybody and doesn't feel on the one hand too much entertainment, too sanitized in a way, but at the same time gives enough entertainment to create a really memorable experience for a more casual fan, I think is going to be yet another thing to watch as this World Cup plays out.

14:03James Emmett:The other thing that Ski and I talked about is obviously the collectibles market and his play in this space. The reason he was over in Europe is to talk to rights holder organizations over here about the opportunity in collectibles. And it does seem to me that at a broad level, sports organizations are into collectibles here. They would have a sticker deals with Panini, various agreements with fanatics, probably on sort of league-wide basis rather than individual clubs. But it feels to me that collectibles in the sports space, the market's really in the US and not really in Europe in a big way in terms of that secondary market.

14:45James Emmett:But he was adamant, Ski was adamant that this is a huge market for it. He estimated that Premier League teams could be looking at multiple millions of pounds in revenue just from doing a collectibles line, a memorabilia line on any given season. Just looking at a report from this month, in fact, by Market Decipher, the collectibles market worldwide set to be worth$602.4 billion this year, which is incredible, I think. Obviously, that includes lots of categories that would fall outside of the sports space. Also some luxury kind of vintage watches, the type of thing that would sell at Sotheby's included in that.

15:32James Emmett:Some other places on the internet suggesting that you would half that if you were taking out the luxury element from that. The sports bit could be worth up to 300 billion, which in itself is gigantic. But it got me thinking and the way that Ski talks about it is very similar to the way that our good friend Darren Revell talks about collectibles in terms of they're the physical manifestation of what you should be selling if you're into sort of storytelling. If you're journalistic in your approach to sort of talking about sports history, sports and entertainment history, you tell a story and at the end of it, there's a thing, a physical manifestation of that story that people can buy.

16:15James Emmett:And Ski was talking about in general, there's two types of collectibles. There are these talking points, things that people might want to buy to put on their wall display in their house, in their office, which are conversation starters. Here's some snow that I bought from the internet from the Eagles game. You're into a conversation around that, one in which you come off as a madman, probably. But then there are the more expensive items, probably the ones where there is a secondary market that evolves all the time. So Michael Jordan's Game Worn, blah, blah, blah. These things that have cultural significance well beyond the moment that they were brought into existence and their value increases usually over time and with scarcity of other things.

17:08James Emmett:And as the kind of legend around them increases, it did get me sort of thinking a storytelling aspect around collectibles. when are we going to get to that point that much sort of fabled point in the evolution of tech around sports broadcast where you're watching something and you can immediately click on everything on the screen and buy exactly that you know we've always talked about this as

17:30David Cushnan:like the next generation so you're watching an arsenal game and i want to buy the ball it's drizzling and you want to you want to bottle that yeah i'll have a cup of that rain please well we can't be too far away it makes a good deal of sense these things and this is what ski was talking about there's a real niche factor to this stuff as well though you are not looking at in a lot of cases you know these are not sort of mass market sales there is a very limited number even within a crowd of however many thousand people were at the famous snow game there is a limited number of those who would ever be interested in then buying up i don't know david i don't know

18:04James Emmett:whether it's national but you know i feel that's my mindset and thought and i would describe that's quite a British mindset. Flip that and you've got the US mindset, which is there must be plenty of people who'd be willing to pay something for some snow. Let's sell it at$40 a pop. And then you've got yourself a business, a high margin business. I don't know. Some people will sell slash buy anything.

18:28David Cushnan:Well, it's like people who buy moon dust, isn't it?

18:30James Emmett:Who buys moon dust?

18:31David Cushnan:Is it like people who buy... Luna dust or Luna rock?

18:34James Emmett:Is it like buying a star, naming it after your sweetheart?

Read the full transcript

18:38David Cushnan:Yeah, it's quite nice. Actually, your birthday is coming up, isn't it? So that's not a bad idea.

18:41James Emmett:It is. Are you prepared to talk about some topical things that have been going on, David?

18:45David Cushnan:Yes. Well, it turns out there's been some stuff going whilst I've been away, notably in Sheffield, where, here's the news, the World Snooker Championships are staying put until at least 2045. The new financial package was agreed between the city and the World Snooker Tour, and it includes both national and local government money. Erling Haaland is investing in Norway chess and will be part of the operation that launches a new Total Chess World Championship Tour. And this comes as chess.com, very much the leaders in the chess space, hiring a new VP of content to report into their chief chess officer.

19:27David Cushnan:We've seen a lot of chess leagues, chess championships come and go. And here is another one to keep an eye on with Erling Haaland's support. And Tyrell Kirkham is the new CMO, not too far from here, actually, at the Charlotte Hornets.

19:42James Emmett:Janice Burr is the new chief sports officer at the Las Vegas Convention and Visitors Authority, a plum job that had been on the market for a little while. Liam Maness is the new CMO at Birmingham City. Andrew Rudd is the new CFO there. And John Clark has joined as chief communications officer. McManus and Rudd, both previously at Manchester United. And continuing that theme, their former colleague, Luke Baker, has now been confirmed as the senior commercial director at AC Milan.

20:20David Cushnan:There is a whole Manchester United alumni sort of spreading out across the sports industry. It's not quite at IMG levels yet, but it definitely exists.

20:30James Emmett:It definitely does, yes. Well, that's what happens in times of broad organisational change. People have to get new jobs.

20:37David Cushnan:Indeed. Should we talk about some more organisational change over in India?

20:42James Emmett:Yes, please. We're on the eve of another IPL season, aren't we? This coming weekend, the 19th. Are you talking about the sort of silent but deadly march of time, David? 10 years of the Mercedes-Benz Stadium out there in Atlanta. 19 years of the IPL. Can you imagine? But anyway, the 19th edition of the IPL starts this weekend. The headlines going into this new season are that two of the major teams, or two winners, one the defending champions and the winners of the first tournament, in fact, the Rajasthan Royals, have both been up for sale over the last few months. And in the last 24 hours or so, it's been confirmed that the Royal Challengers Bangalore defending champions have been sold for just under$1.78 billion.

21:37David Cushnan:Indeed. So this is the men's and women's RCB teams, the Bangalore franchise, as you say, they're actually both defending champions, the men and the women. So yeah,$1.78 billion. This has been a process that has been going on for nearly a year. It was announced last year that the owners of RCB United Spirits, which is ultimately owned by Diageo, were conducting a strategic review with a view to selling the franchise. A bit of backstory here. So RCB acquired originally back in 2008 for$111.6 million in the original IPL auction, bought at that time by Vijay Mallya, the once king of good times in India, who then sold his United Spirits drinks company to Diageo in 2012 for$2.1 billion.

22:36David Cushnan:and that was all the various drinks brands under that organization. But RCB was packaged up within that and has always been since then a Diageo property that has sort of sat, you know, operated as its own thing, but ultimately within the Diageo family. The women's team in Bangalore was bought at auction in 2023 for around about$110 million. And now we have this sale, this sale process that really got underway in the aftermath of RCB's men's team winning for the first time, the IPL, last June. And then that was immediately followed by the tragedy the day after during the victory parade where 11 RCB fans were killed and 50 plus people were injured outside the Chinswami Stadium in a stampede, which I think has been a factor and played into this sale process and this decision for Diageo to sell up.

23:34David Cushnan:What we have seen is this valuation now of$1.78 billion, which is another pretty remarkable indication of what I think we all knew and the industry already knows, the IPL's inherent strength now as an entity, as a league. And the buyers are quite interesting as well. You've got a consortium that comprises the Times of India group, the media group. You've got Blackstone Private Equity. You've got Aditya Burla Group, who seem to be the lead investor on this, which is one of these Indian conglomerates, really, which works in all sorts of different sectors, including, James, the exciting world of aluminium rolling, staple fibre, cement, but also financial services, fashion, hospitality, jewellery, entertainment.

24:23David Cushnan:So they are coming on board. They've seized an opportunity to scoop up one of these coveted IPL franchises. Perhaps the most interesting of the consortium, though, is Bolt Ventures, which is David Blitzer's investment company. And this continues a real tear that Blitzer has been on in terms of buying up either outright or chunks of lots of sports teams and sports organizations around the world. So obviously here in the US, he has the Philadelphia 76ers, the New Jersey Devils, Cleveland Guardians, MLB team, the Washington Commanders. There's Crystal Palace in the Premier League, but he has also invested in the last year, 18 months or so, in Paddle House, the paddle hospitality club business, a love volleyball team based in Austin.

25:12David Cushnan:He's also invested in Cosm, in Shaun White's Snow League. He's also spent some money to take a bit of a stake in Men in Blazers, the podcast media platform. And Blitzer, of course, also very much part of Blackstone. He sits on the management committee and is the chair of something that is excitingly called Blackstone's Tactical Opportunities Group, which have also been part of this consortium that has taken on RCB. So fairly seismic change. And yes, as I say, just another indication of the IPL going great guns. And as you mentioned, James, RCB sold and it looks as though Rajasthan Royals are going the same way.

25:52James Emmett:David Blitzer's 56. He's got five children and any number of sports teams as he just found. Has he got time for it all? How do these billionaires, how do they manage it? And also, here's a question. Where does David Blitzer end and Blackstone begin in terms of holdings in these various sports entities? It's one I will no doubt put to him when he's a guest on this show next week, I think. It's a good booking.

26:20David Cushnan:Maybe. Let's see.

26:21James Emmett:Yes. So the IPL is this absolute juggernaut and it's absolutely reached a period in its maturation only 19 years in where it is generating large amounts of external investment interest. So the fact that Blitzer, Blackstone, non-Indian financial entities are queuing up to take stakes in IPL teams is absolutely a validation of the IPL as a safe, lucrative financial instrument, as a sort of financial asset class, a product to be invested in, which is no mean feat given that it is only 19 years old. Well, it is by some distance the most successful sports startup perhaps ever, certainly of the last 50 years.

27:13James Emmett:The thing that has fueled it is the central control from the BCCI and the structure that it sits within, by which the BCCI itself retains a staggering 50 % of all revenues generated. The owners themselves of all of the franchises don't do too badly themselves. The cost controls and the limits on how much players get as a proportion of team and league revenues is, by some distance, the most stringent of any of the major sports leagues in the world. Players are not rewarded according to the revenue that is generated by the IPL, but they have no real, they can't really agitate for more because they are locked out if they do.

28:03James Emmett:And so there's this immense control at the heart of the IPL. And successive media and sponsorship cycles have just resulted in huge upticks in revenue every time, like literally doubling or more the fees that have been received. So we are currently in a cycle now, the 2023 to 2027 cycle, which I believe made the, when they sold the media rights, at least the last time out, very late to the deadline, as is typical of the IPL and the BCCI. I think the IPL became the biggest value per match sports body in the world. I think it has been subsequently overtaken again by the NFL. But they sold the rights for near enough$6 billion in total for the 2023-2027 cycle, split between Viacom 18 for the streaming rights and Disney Star for the TV rights.

29:09James Emmett:That was more than double the previous agreement, which had been worth 2.5 billion, absolutely typical of the jumps that the PCCI had been able to make with the media rights up until that point. And that in turn had been fueled by advertising value going up in India. You know, the surge of the middle class, the growing GDP, more and more people moving into the middle classes, I suppose, the sort of buying consumer demographics. The surge just carries on, but we're now entering a potentially challenging cycle for the IPL for the first time in that there's a flatter rate of growth in the advertising market, TV advertising market, partly as a result of new laws around gambling and crypto, new restrictions on gambling and crypto.

30:04James Emmett:And also the IPL is at a point where it doesn't have a competitive rights buying landscape in front of it. So, Viacom and Disney essentially merged a couple of years ago.

30:17David Cushnan:And you would imagine that there is still some room to grow in terms of international revenues as well. And I don't think they would say that they have fully cracked the international market yet in terms of what they can do from a broadcast standpoint. Certainly from a sponsorship point of view going into this season. The IPL is sort of partway through a four year deal, I think, with Tata Group for the title sponsorship of the league. But they've got Gemini coming in as a big sponsor, around about$30 million a year, according to the best reports, beginning this season as well. The whole model, as you say, rests on stoking competitiveness in the media rights market and working out where that goes next is going to be the next critical decision for the BCCI.

31:08David Cushnan:Because one thing that they can be fairly sure of based on 19 years now of history is that the advertising market, the corporate market will absolutely follow. And this is ultimate big business in India in terms of reaching huge, huge numbers of people for every single one of these games over the next couple of months or so as the 19th season plays out. Just to join the dots on the other potential acquisition, which I don't think has been officially confirmed as yet, but it does look very likely that the Rajasthan Royals is going to be sold to another consortium, which is led by a guy called Kalsomani, who is a US-based entrepreneur.

31:56David Cushnan:The Walton family of Walmart fame seem to be involved as well in this. So again, that sort of US ownership, Somani, the co-owner of Motor City Golf Club, but has also been an early investor in things like TGL, Tomorrow Sports as well. So he is apparently coming in to take on the Rajasthan Royals. The sale price looks likely to be a little bit less than RCB, but I think around the$1.6 billion mark. So not bad going. And, you know, from the BCCI's point of view, actually two really good news stories going into the start of the season.

32:32James Emmett:Indeed. Finally, David, before you go off on your merry way for the business of soccer, you watched Live Golf this weekend, didn't you? Were you impressed with what you saw?

32:45David Cushnan:Yeah, I sort of accidentally, I happened upon, I knew that Live Golf was going on in South Africa, but I accidentally tuned in to around about the last sort of half an hour on Sunday. And honestly, I was seriously impressed with what I saw, both from a broadcast product standpoint. You know, the bits of live that I have watched over the last few years, I think the broadcast product is really, really excellent from the production values, from the graphics, from the commentary. I think they've done a really good job. And you can see they've spent a lot of money to be able to do that. A lot of great work in terms of micing up the course effectively, but caddies as well.

33:26David Cushnan:So you're getting right in and hearing from the players as much as possible in competition. This was Liv's first event in South Africa. Crowd of well over 100 ,000 people attending over the four days of the event. And honestly, had you not known, you could have been forgiven for thinking you were watching the final day, the final hole of a major tournament. The way that the crowd sort of flopped around the 18th green for the conclusion of the regulation play. And then there was a playoff between Bryson DeChambeau and John Rahm, two of the big live golf stars, probably the two big live golf stars to decide who won the individual competition in South Africa.

34:09David Cushnan:And I just think this is a maybe an indicator that live should be focusing a bit more on on finding events in parts of the world that have maybe been starved a little bit of top level golf but when it turns up they really respond to it the south african crowd were absolutely phenomenal they sort of broke into a rendition of the south african national anthem at one point around the 18th green, unprompted by any sort of music or any sort of entertainment aspect. We've also seen Live have huge success with this Australian event, attracting massive crowds. So I do wonder, and this is something that I'm sure Scott O 'Neill, Chris Heck, who are the dynamic duo running Live Golf these days, and they very much know what they're doing from a sports industry standpoint.

34:57David Cushnan:But I do wonder whether we will see a little bit more of this internationalization of Live. They play a good number of events each year in the US. They probably feel that they had to do that when they started as this sort of major disruptor in the game of golf. But it feels like we're not that much closer to the sort of much talked about merger or bringing together of the PGA Tour and Live Golf. So is the move for Liv to actually double down on its international events as opposed to playing much of its season within the US?

35:33James Emmett:Could be the move. Could be the move. Right, David, I will let you get on and go and do your Business of Soccer event. I've just got a call coming in from Siren Sester at the moment. I'm choosing to ignore it.

35:45David Cushnan:All right. Yeah.

35:46James Emmett:OK.

35:47David Cushnan:All right. Well, I will catch you next week. Goodbye. you

From the publisher

On the eve of the IPL's 19th season comes confirmation that its defending champion franchise - in both the men's and women's competitions - has been sold by Diageo to a conglomerate led by Blackstone and its serial team-buying chairman David Blitzer.

 

David Cushnan and James Emmett dig into the details of the sale, and reflect on the latest iteration of the IPL as it heads into the penultimate year of its latest media rights cycle. Change is afoot.

 

Elsewhere in the episode, the art and science of engineering atmosphere at sports events, prompted by this week's podcast interview with music pioneer DJ Skee; and LIV Golf finds a formula that works as record crowds form an evocative backdrop at the latest tournament in South Africa.

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The IPL at another turning point as RCB is sold; engineering atmosphere at sports events; and celebrating the crowds at LIVLeaders Worth Knowing Podcast · 36 min
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