Sports leagues is on it’s way to become big money business in India and the recent Hockey India League (HIL) close bidding process once again demonstrated the injection of corporate monies in sports at its best.
Hockey is probably the only sport in India in which the nation has maximum success in terms of cups and medal hauls and whilst the dark days of Indian hockey are left behind the HIL bid came as a breath of fresh air and demonstrated the fact that Hockey is a sport that is not far behind Indian Premier League (IPL) and Indian Super League (ISL).
Main Highlight’s of the HIL bid
There were three key highlights during the bidding process:
1. Franchise name changes – Ranchi and Mumbai franchises branded themselves resulting in MS Dhoni owned team Ranchi Rhinos renamed to Ranchi Rays and Mumbai Magicians announced as Dabang Mumbai.
2. Mumbai franchise management change – Mumbai franchise management changed hands and DoIt sports management has now taken over and run the newly formed Dabang Mumbai
3. Highest spenders – The newly formed Dabang Mumbai were the highest spenders. They exhausted their purse of $750K on building a new team and they have put a world class team together. A team to challenge for the big prize.
Besides the three key highlights there were some jaw dropping bids on Tom Boon who was priced at $20K base prize but was eventually sold for $103K to Dabang Mumbai. The highest bid Indian player was our national no.1 goalkeeper Sreejesh PR who was sold to UP Wizards for $69K.
Below is a base price and bid price comparison for the Top 5 International and Indian players at the bid.
Top 5 International Players
Top 5 Indian Players
Having mentioned price points of Indian players, I have shared %value growth for Indian players and the Top 5 Indian players and they ranked :
1. Hamanpreet Singh (Dabang Mumbai) – 1862%
2. Vikram Vishnu Pillay (Dabang Mumbai) – 765%
3. Vinaya Vokkaliga Swamy (Dabang Mumbai) – 667%
4. Gurjinder Singh (Kalinga Lancers) – 655%
5. Sreejesh Parattu Raveendran (UP Wizards) – 165%
See Base Price +Bid Price + % Growth in the graph below.
% Growth Value of Indian Players
Over all it was brilliant business done by the franchises and Mumbai was most aggressive in building a team. This Mumbai team on paper is a team to watch out and can pose a real threat to all other teams in HIL 2015.
I have shared a snapshot of the HIL bid 2015 in an infographic below: