The decades of troubled student years and struggling businesses were swept aside as Lalit Modi set up cricket's most glamorous and lucrative pro league.
The man who created what is now called the "the world's hottest sports league" hit his stride after entering the BCCI in 2005. The decades of troubled student years and struggling businesses were swept aside as he set up cricket's most glamorous and lucrative pro league. Lalit Modi speaks to India Today on the surprises of Season 3.
Did the bidding amounts for the two new teams surprise you?
Yes, but a little bit. I expected bids in the $325 million range. I came up with the base price based on internal calculations. Our base price was around $275 million and we proposed $250 million as the minimum. The number we came up is based on a fourth year cash flow breakeven.
How do you expect the new teams to make between $37 million and $33 million in Season 4?
They need to understand that the model we have built is very different
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