The President of the T20 league was on PTS this week and the business plan sounded like a whole lot of garbage.
They have an agreement from a company to give them a 700 million dollar mortgage, but as of now have zero dollars to put down, no real solid plan on how they were generating the money to pay off the 700 million dollar mortgage, he seemed to imply they were going to rely heavily on TV viewers but the numbers he quoted seemed pretty ridiculous and based a lot on people in India wanting to watch this league play and the TV numbers those Indian teams got. He also talked about how they could get concerts, trade shows, indoor hockey game in there but since it had to be natural grass he did kind of admit it might not be that simple but really just avoided that.
It seems like a pie in the sky plan that they are announcing like it is a sure thing perhaps in hopes that will draw in investors.
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