Rcb1

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Corporate Restructuring

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Contents List of Abbreviations................................................... ......................3 List of Appendices........................................................................... ..3 List of References.................................................... .........................4 Acknowledgements....................................................... ....................4 INTRODUCTION................................................ ......................................4 Note: My words are very few. Most of the words used here are taken from the books &reference material......................................................................................5 IPL EXPLAINED.................................................................... ...................5 IPL - The concept.................................................................................... .................5 The people who matter...........................................................................................5 The Money.................................................................................................... ...........6 The Revenues & Expense details.............................................................................6 Auctions................................................................................................................. ..6 The Bidder’s.............................................................................. ..............................7 Sealed-Bid First Price Auction..................................................................................7 Auction Strategies............................................................................. ......................8 First-Price, Sealed Bid Strategy ......................................................11 The Franchises.................................................................. ..............12 Player’s Auction................................................................ ..............12 English Strategy ........................................................................... ..13 THE COLLAPSE................................................ .....................................14 Royal Challengers Bangalore.................................................................................14 Current squad .......................................................... ...........................15 BATSMEN......................................................................... ...............15 Wicket Keepers & All-rounder..........................................................15 BOWLERS............................................... ........................................16 Administration and coaching staff............................................ ........17 Criteria Used by Dravid & Charu Sharma for selecting players:..........17 The Collapse..................................................... ...................................18 Solution given by Martin Crowe...................................................... .......19 Analysis of Team Composition..................................... ..........................19 Names of Famous players.................................................................................... ..20

3 | Page Corporate Restructuring Criteria for selecting International Players:...........................................................20 Criteria for selecting Catchment area & Under-22.................................................21 Money ball Concept.............................................................................. .................22 Fundamental Analysis.......................................................................................... ..23 Note: Not all the players’ analysis has not been done.............................24 Team Players-Brief Introduction............................................................24 Corporate Restructuring............................................. ..........................41 Rationale for Corporate reorganization in the context of Royal Challengers Bangalore team..................................... .......................42 Overview of corporate restructuring................................................ 42 Caution: We will be discussing only internal restructuring.................42 Strategies for people restructure...................................... ...............42 Even after using the above methods if we did not get the desired result then “Get rid of those People”...............................................43 Strategy for Divisional Restructuring...............................................43 Players on Bench........................................................................... ..45 Strategy for Revenue restructuring........................................ ..........45 Appendix 1................................................... ..................................46 Appendix 2................................................... ..................................48 Bowling Figures................................................ ..............................48 Appendix 3................................................... ..................................49

List of Abbreviations Mth= Matches Inns= Innings N/o=Not-Out Hs = Highest Ave = Average BF = Balls Faced SR= Strike rate Ct= Caught Wkts= Wickets BBI= Best Bowling In an Innings BBM= Best Bowling in a Match Econ= Economy List of Appendices Appendix 1: Batting Figures of all the RCB players. Appendix 2: Bowling Figures of all the RCB players.

4 | Page Corporate Restructuring Appendix 3: Royal Challengers Bangalore matches Results. List of References

Newspapers Times of India Economic Times The Mint The Hindu

Books Game theory by Roger A. McCain Investment Banking by Pratap G Subramanyam Financial Management by Dr.Prasanna Chandra Tactics by Edward De Bono Shakespeare’s Macbeth

Websites www.Wikipedia.com, www.espnstar.com, www.Rediff.com www.Royalchallengers.com Acknowledgements Thanks to Dr. Prasanna Chandra for creating such a wonderful Course in Finance through his Certification Programme. Thanks to Presh for introducing me into the most interesting field of Game theory through his blog. I look forward to receiving suggestions from the readers for further improving my knowledge.

INTRODUCTION Sports, Entertainment and Politics are the main areas of interest prevailing in India. The Indian Youth with an enormous spending power spend their money in entertainment and sports. Imagine a situation, where in a Bangalore youth walks into PVR and throws Rs.500 for three hours of entertainment. Similarly, sports also have this type of welcome especially with the recent thumping inauguration of IPL. Cricket, once used to be a gentleman's game now receives thumping response from all age groups with the introduction of Twenty 20 format. In fact, T20 has become a major means of entertainment. This document is contains four parts: Part 1 is IPL Explained. This part deals with the Terms & Conditions of BCCI for selling there Franchise & Player’s. The concept is explained with the help of Auction theory. Part 2 The Collapse: This part begins with the reasons cited for the collapse & contains the analysis of one of major reason of collapse. It also contains the

5 | Page Corporate Restructuring strategy of picking the players by using Financial Concepts such as Stock picking criteria & Money ball concept which is used in baseball for picking the players. Part 3 Team Players: This part contains the Statistics of the players & analysis of some of the players. It does not include all the players. Part 4 Corporate restructuring: As the name suggests it contains the details of team restructuring & Revenue structuring. The revenue part is not discussed in details. The aim of this Document is to “improve my own understanding” on the subject of Auctions, Corporate Restructuring & Corporate Strategy. In between I have used the dialogues of one of the greatest tragedy of Shakespeare play Macbeth.

Note: My words are very few. Most of the words used here are taken from the books &reference material.

IPL EXPLAINED IPL - The concept1 The Indian Premier League (IPL) was launched by the BCCI on September 14, 2007 amid a lot of media hype. Based on the lines of the English Premier League (EPL) and the National Basketball League (NBA), the IPL is apparently the brainchild of BCCI vice-president Lalit Modi. The idea was tossed up as far back as 1996 but was turned down by the Board which thought the concept would contradict its structure of domestic cricket. The League will have some of the best cricketers from around the world playing for eight teams, alongside Indian senior and under-19 cricketers. IPL, which now has a title sponsor in DLF, will see a total of 59 matches spanning over 44 days beginning April 18.

The people who matter The BCCI has formed an IPL council which will include former BCCI president IS Bindra, Vice presidents Rajiv Shukla, Chirayu Amin, Lalit Modi and Arun Jaitley who will be honorary members. Former cricketers Sunil Gavaskar, Ravi Shastri and Mansur Ali Khan Pataudi will be paid for their services to the Council. The Council will in its five year term run, operate and manage the League completely independent of the BCCI.

1

ESPNSTAR SPORTS WEBPAGE

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The Money The overall prize money will be a stupendous USD 5 million, with the winners taking home USD 2 million. Compare that with what World Champions Australia took home from the West Indies, a mere USD 1 million.

The Revenues & Expense details BCCI (Central Revenue) Sale of media rights for the matches Title sponsorship, and so on, of the tournament Amounts bid by the franchisees Revenues generated by the franchisee rights.

Franchise(Local Revenues) Ticket Sales

Expenses Franchisee Cost

Hospitality

Player acquisition

Team Sponsorship

Marketing

Shirt sponsor

Administration

Lead Sponsor In stadium sponsor Licensing programming Merchandise Appearance

Event Mgmt expenses Stadium Mgmt

Auctions2 The types of Auctions used by BCCI are: •

Sealed-Bid First Price for Media rights, Title Sponsorship, Franchise sale.

•

English Auction for Players(Around 80 Players Participated)

Note: The Auction Strategy will be discussed for Franchise Sale only because it created more hype than any other sale. Media rights were sold for a whopping US $1.026 Billion (Rs. 4104 Crore) to Sony-WSG. The Title Sponsorship 3was sold to Realty Major DLF for Rs.40 Crores per annum for a span of 5 Years. The bidder’s in the race were: • DLF Limited, • World Sports Group (WSG), which had bid on behalf of Hero Honda Motors (India) Ltd • Percept D'Mark and 21st Century Media.

2

An auction is a method of allocating scarce goods, a method that is based upon competition. It is the purest of markets: a seller wishes to obtain as much money as possible, and a buyer wants to pay as little as necessary. 3 Source: Economic Times

7 | Page Corporate Restructuring The Franchise sale received much hype because it involved a clutch of high profile corporate, high net worth individuals, and several private equity funds., (Reliance, ADAG , GMR, UB Group) & Bollywood Stars ( Shah Rukh Khan, Preity Zinta ). The Seller (BCCI) had laid some conditions for buying a franchise, the conditions are: •

Reserve Price4: The minimum bid for each franchise is US $50 Million. At the time of submitting the tender form the bidder has to pay US $5 Million as guarantee amount. • The bidder can bid for all the 8 Franchise out of 12. They can own only one. • The Minimum stadium capacity of 25,000 along with floodlight facilities. Motivation of the seller (BCCI) is to maximize the revenue.

The Bidder’s The Bidder’s applied for the following franchises: Franchise Bidders Bangalore Vijay Mallya, Anil Ambani Chennai India Cements, Anil Ambani Delhi Mukesh Ambani, Shah Rukh Khan, DLF, fast-food bigge Nirula’s, Videocon & Anil Ambani Mumbai Mukesh Ambani, Anil Ambani, Shah Rukh Khan, ICICI Ventures, Sahara Hospitality & Future Group Kolkata Anil Ambani, Shah Rukh Khan Chandigarh Anil Ambani, Shah Rukh Khan, fast-food bigge Nirula’s, Videocon,Preit Zinta Jaipur Deutsche Bank, Anil Ambani, Shah Rukh Khan, Emerging Media Hyderabad Anil Ambani, GMR group & Deccan Chronicle The three eligible bidders who failed to win ownership rights to a franchise were Deutsche Bank, Anil Ambani's Emerald Telecom Services and construction major DLF. ICICI Ventures, Sahara Hospitality and the Future Group were disqualified from the process as their bids came in late.

Sealed-Bid First Price Auction Before discussing the details of the strategy for Vijay Mallya & UB group a few words on the auction type. Sealed-bid auction Definition: An auction in which the bids are submitted simultaneously, so that no one bidder known’s what the other bidders have bid is called a sealed –bid.

4

Reserve Price: the minimum price the seller would accept.

8 | Page Corporate Restructuring A sealed-bid format has two distinct parts--a bidding period in which participants submit their bids, and a resolution phase in which the bids are opened and the winner determined. Sealed bid-auctions have these characteristics: • Single round first price: The bidder who submits the highest price gets the item & pays the price he bids. • Single round second price: In a Second-price sealed bid auction, each bidder offers a price & the bidder who offers the highest price is the buyer; but the price the buyer pays is the second highest price bid. • Multiple rounds: Sealed bid auctions can also be conducted with multiple round.

Auction Strategies The auction strategy is a very complex process because it involves numerous variables. • Is a bidder is risk-averse or risk-neutral? • Is the auction is for one item or multiple items? • Does the bidder plans to resell the acquired object or use it for himself? • Does the bidder have any secret information about the object or the other bidder’s? All of these factors play an important role in framing the auction strategy. From a Seller’s Perspective In any auction a seller can influence results by revealing information about the object. So a seller's optimal strategy is to reveal information and to link the final price to outside indicators of value. This was done by IPL Chairman Lalit Modi on Jan 15th by revealing the Media rights. From a Bidder's Perspective A word on the Bidder(Vijay Mallay). • • • •

A Member of Parliament from Karnataka. Mallya the sultan of self-regard. He delights in being photographed surrounded by young, beautiful women or rich, rapidly ageing men and is happy to be called the Richard Branson of India or the ‘king of good times.’ He rarely loses any auction. He won the Sword of Tippu Sultan in London auction, F1 racing car.

After going through the above characteristics we can conclude that Vijay Mallay is a Risk-Averse. Since Vijay Mallay is risk-averse (meaning he absolutely requires the item being auctioned) tends to bid higher so that he will have a greater chance of victory. The auction is for single item, which is Bangalore franchise. The bidder acquired the item for his use.

9 | Page Corporate Restructuring The bidder has the following information about the item & the other bidder which is Anil Ambani. Once the bidder gets to know the amount of Media rights (because it represents the Major part of the Franchise revenue) sold. He can alter his bid. As per the media reports, Vijay Mallay was the sole runner for Bangalore Franchise. The Media rights were sold at Rs.4000 Crore or US $1.026 billion. If we split-up the revenue as per the revenue sharing system. Assuming only 8 teams are going to play in the next 10 years. Remain IPL Remaini Franchi Media( BCCI ing Tourname ng (RS. se (RS. Year RS. In (RS. In (RS. In nt (RS. In In In s Crore) Crore) Crore) Crore) Crore) Crore) 1 INR INR 82 INR 328 INR 26 INR 302 INR 38 410.40 Information available to Vijay Mallay before submitting his bid is: 2 INR INR 82 INR 328startsINR 26 December INR 302last week INR 38of Date of issuing application from 410.40 07. rd 3 INRsubmitting 82 INR 328 INR 26 is Jan INR23 302 LastINR Date for the application 08. INR 38 410.40 Media rights were announced on Jan 15th 08 for whopping US 4 INR INR 82 INR 328 INR 26 INR 302 INR 38 $1.026 billion. 410.40 TheINR other bidder Ambani was 5 INR 82Anil INR 328 INRmore 26 interested INR 302 in winning INR 38 Mumbai Franchise rather than Bangalore Franchise. 410.40 TheINR revenue INR sharingINR model 5 yearsINR was231 20(BCCI):72(8 6 246 for first INR 15 INR 29 Franchise):8(IPL tournament) 410.40 164 TheINR revenue INR for from year 40:54:6 7 INR 2466 to 10 INRis15 INR 231 INR 29 After 410.40 10 years 164 the revenue share is 50:45:5 8 INR INR INR 246 INR 15 INR 231 INR 29 410.40 164 INR INR 9 410.40 164 INR 246 INR 15 INR 231 INR 29 INR INR 10 410.40 164 INR 246 INR 15 INR 231 INR 29 INR Total 333 1,231 After 5 successful IPL tournaments the BCCI can include another 4 more Franchises. In that case the media revenue is shown below. IPL Year Remain Tourname Remaini Franchi s Media BCCI ing nt ng se INR 1 410.40 INR 82 INR 328 INR 26 INR 302 INR 38 INR 2 410.40 INR 82 INR 328 INR 26 INR 302 INR 38 INR 3 410.40 INR 82 INR 328 INR 26 INR 302 INR 38 4 INR INR 82 INR 328 INR 26 INR 302 INR 38

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5 6 7 8 9 10

410.40 INR 410.40 INR 410.40 INR 410.40 INR 410.40 INR 410.40 INR 410.40

INR 82 INR 164 INR 164 INR 164 INR 164 INR 164 INR 1,231

INR 328

INR 26

INR 302

INR 38

INR 246

INR 15

INR 231

INR 19

INR 246

INR 15

INR 231

INR 19

INR 246

INR 15

INR 231

INR 19

INR 246

INR 15

INR 231

INR 19

INR 246

INR 15

INR 231

INR 19

Total

285

Minimum money we can expect from BCCI is Rs. 285 Crore or US $72 million or maximum of Rs.333 Crore or US $ 82 million. The other revenues includes Local revenues which will fetch him another Rs. 60 Crore or US $15 million for another ten years. These assumptions will hold well only if these 8 teams play for next 10 years. But IPL Chairman already told that he will include some more teams after 5 years of successful completion of IPL tournament. The overall revenue expected from the Central & local revenue will be around Rs.400 Crore to Rs. 450 Crore (i.e. US $100 million to US $112 million) for 10 years. The expenses should be less than Revenue to make profit. (Profit = Revenue > expenses) (Loss =Expense > Revenue) So the expenses should be three-fourth of the overall revenue (US $ 100 to $ 112 million). So the minimum bid to buy the franchise is US $ 75 Mn or US $ 84 Mn. But not more than US $ 90 Mn, if the bidder bids more than US $ 90 Mn the chances of making profit will be a herculean task. Vijay Mallay Calculated Franchise Fees based only on Revenues, Media rights i.e. Rs 4104 Crore*.09 = Rs 369.5 Crore & appreciated by 21 %( includes Local revenues) i.e. Rs 369.50*1.21=Rs 446.4(US $111.6 Mn). The major step missed while calculating the bid amount was not considering the expenses.

If he had considered the expenses (i.e. Franchise fees+ player’s cost’s + Admin+ event Mgmt+ Stadium) I.e. US $ 12 Mn (Franchise Fee) + 5(Player’s Cost) + 5(assuming Admin+ event Mgmt+ Stadium) = US $ 22 Mn/year. Player’s cost will be increasing every 3 years.

11 | P a g e C o r p o r a t e R e s t r u c t u r i n g To make profit the bidder should bid up to US $75 Mn & not more than US $ 90 Mn. The result of his bidding strategy was very much showed in the first year IPL balance sheet 1. Revenue(Rs in Crore) A .Media Rights = 35 B .Team Sponsor = 0 C. Gate Receipts = 10

2. Expenses A .Franchise Fee = 48 B .Team Expenses = 22 C .Ads/ Admin = 18

Total (A + B + C )= 45

Total (A+ B+C)= 88

Total Revenue – Expenses = 45 – 88 =(43) Net Loss of Rs.43 Cr Or US $11 Mn.

The Lessons to be learnt from Vijay Mallay is: 1. Homogeneous: As theoretical literature assumes the auction participants are homogeneous (risk neutral and symmetric--they use the same distribution function to estimate valuations). It assumes bidders all focus on maximizing profits and that only one item is being auctioned. 2. Estimate the Cost of your competitor: Paul Milgrom describes a strategy for contract bidding. "To make money in competitive bidding, you will need to mark up your bids twice: once to correct for the underestimation of costs on the projects you win and a second time to include a margin for profit. Don't let the presence of several competing bidders push you into making too aggressive a bid. The markup to adjust for underestimation will have to be larger the larger the number of your competitors and the more you respect the accuracy of their cost estimation; you may, however, want to make the profit markup smaller when there are more competitors.” 3. Do not use naive bidding strategy: The most important lessons to be learned from both the theory and the experiments are that the returns in bidding come from cost and information advantages, that naive bidding strategies can squander these advantages, and that bidders without some advantage have little hope of earning much profit, but could with a little bit of carelessness suffer large losses." 4. Irrational: Try to be as much rational & participate in the auction because to avoid the “Winner’s Curse”. To avoid Winner’s "We are not looking at curse try to bid lesser than your rivals. 5. It is worth understanding the rules of an making money. But auction thoroughly. First-Price, Sealed Bid Strategy It is difficult to specify a single strategy because a profit-maximizing bid depends upon the actions of others. The tradeoff is between bidding high and winning more often and bidding low and benefiting more if the bid wins (bigger profit margin).

revenues will be in excess of costs," said Vijay Rekhi, president of United Spirits, the spirits company of the UB Group.

Most bidders attempt to shade their bids to move closer to market consensus. This also helps to avoid winner's curse.

12 | P a g e C o r p o r a t e R e s t r u c t u r i n g The Franchises The eight teams in the fray, Kolkata, Mumbai, Mohali, Hyderabad, Jaipur, Bangalore, Chennai and Delhi were sold to eight franchises that paid staggering amounts to own the teams. The owners are given below: Franchise Owners Price (USD) Mumbai Mukesh Ambani $111.9 Mn Bangalore Vijay Mallay & UB group $111.6 Mn Hyderabad Deccan Chronicle $107 Mn Chennai India Cements & Srinivas $ 91 Mn Delhi GMR Holdings $ 84 Mn Punjab Preity Zinta $ 76 Mn Kolkata Shah Rukh Khan $ 75.09 Mn Rajasthan Emerging Media $ 67 Mn Player’s Auction The Seller (BCCI) had laid some conditions for buying players, the conditions are: Auction Type is Open type (English Auction5) 1. Each player has an annual "base player fee"6. 2. Franchise should spend up to US $5 million on player’s auction. 3. For each player, the following information will be included: name, nationality, specialism, base player fee, and expected "percentage availability" for the 2008 DLF IPL season. 4. Within the sets, the order that players will be presented for auction will be determined by a random draw that will take place in the Auction room. 5. Bidders will raise a paddle to indicate a bid (only one official bidder per Franchise). 6. Each bid will represent the player fee per season to be paid by the Franchise to the player for each of the seasons 2008, 2009 and 2010, ignoring any periods of unavailability. Once made, no bid may be withdrawn. 7. If more than one Franchise is interested in a particular player, the DLF IPL may hold a further Auction to determine which Franchise will sign that player. 8. The player fees of any Icon players (at the date of publication of these rules, Tendulkar, Dravid, Ganguly, Yuvraj) – being 115% of the highest player fee in that Franchise’s squad – will count towards the maximum purse of $5m. 9. The contract with the player will be for a fixed term of three years. 10.The minimum "percentage availability" for any player included in the Auction will be 25%. 11.If a player is expected to be either completely unavailable or only available for less than four of the DLF IPL matches in 2008, 25% of the player fee bid for that player in the auction will count against the $5m purse. For example, the purchase for $400,000 of a player, who is expected to be completely unavailable in 2008, will cause a deduction of $100,000 from the Franchise’s overall $5m purse. 5

. "Here the auctioneer begins with the lowest acceptable price--the reserve price-and proceeds to solicit successively higher bids from the customers until no one will increase the bid. The item is sold to the highest bidder." 6 The base player fee will be the fee at which the bidding for that player starts.

13 | P a g e C o r p o r a t e R e s t r u c t u r i n g 12.Every year, players can be traded from one team to another in February on a free market basis. The IPL will not be involved in this and it will be confined to the player concerned, the seller and the buyer (franchises). Bidding increments will be as follows: Bids up to $100,000 – increments of $5,000 Bids from $100,000 to $250,000 – increments of $10,000 Bids from $250,000 to $500,000 – increments of $25,000 Bids in excess of $500,000 – increments at the auctioneer’s discretion. English Strategy In a private-value English auction, a player's best strategy is to bid a small amount more than the previous high bid until he reaches his valuation and then stop. This is optimal because he always wants to buy an object if the price is less than its value to him, but he wants to pay the lowest possible price. An advantage to English auctions is that a bidder gains information. A player's strategy is his series of bids as a function of (1) his value, (2) his prior estimate of the other players' valuations, and (3) the past bids of other players. His bid can be updated as information changes. Vijay Mallay, Rahul Dravid & Charu Sharma participated in the player’s auction & selected the team members. Official bidder was Rahul Dravid.

Quote of Vijay Mallay after winning the Franchise & players: Mallya drew parallel from the English Premier league. "It was only a matter of time before Indian cricket went beyond the Duleep Trophy and Ranji Trophy. The auction has been an exciting process and all the franchisees got what they wanted. IPL is the best thing that has happened to Indian cricket. It offers youngsters the chance to make money and also to improve their skill sets by playing alongside international players," he said. Bangalore, the team Mallya owns, will be holding the opening ceremony in April. "I look forward to welcoming the teams, the BCCI and ICC. I would like to conclude by saying that while there is a business objective for our involvement in IPL there is also a sporting objective. We are also hoping to contribute to the development of youngsters in sport," Mallya said.

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THE COLLAPSE Royal Challengers Bangalore7 Royal Challengers Bangalore (also referred to as RCB) is the team representing the city of Bangalore in the Indian Premier League, the inaugural Twenty20 cricket tournament to be held in India. The team is owned by the liquor magnate Vijay Mallya, the chairman of UB Group. Brijesh Patel is the CEO of the team and Rahul Dravid, the captain of the team is the Icon Player. Martin Crowe, the former New Zealand captain, is the CCO (Chief Cricketing Officer) of the management team. Vijay Mallya wanted to associate one of his top-selling liquor brands, either No. 1 McDowell's or Royal Challenge with the team. The latter was chosen, hence the name. The jersey colors of the team are red and golden yellow, the same as the Karnataka state flag, and the logo consists of the RC emblem with "Royal Challengers Bangalore" in standard format. 7

http://en.wikipedia.org/wiki/Bangalore_Royal_Challengers

15 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Current squad BATSMEN No Name

Age

Nationa lity

1

19

Rahul Dravid

35

India

2

06

33

West Indies

Lefthande d

3

7

Shivnarin e Chanderp aul Wasim Jaffer

30

India

4

22

Misbah-ulHaq

33

Pakistan

5

21

Ross Taylor

24

New Zealand

6

14

Jagadeesh Arunkuma r

33

India

Righthande d Righthande d Righthande d Righthande d

K.P. Appanna

19

India

Righthande d

Bharat Chipli

25

India

Righthande d

Sl. No

7

8

27

Wicket Keepers & All-rounder Sl No Name Age Nationa N lity o 1 9 Mark 31 South Boucher Africa 2

36

Shreevats Goswami

18

India

3

8

Praveen

21

India

Batti ng style Righthande d

Battin g Style Righthande d Lefthande d Right-

Bowling/Fiel ding Right-arm offbreak / Wicket keeper Right-arm leg-break

Bidding amount (US $) 1,035,00 0

Base fee 950,0 00

200,000

200,0 00

Right-arm off-

150,000

150,0 00

Right-arm leg break

125,000

100,0 00

Right-arm off break

100,000

100,0 00

Right-arm off- 50,000 break Karnataka Ranji Trophy Left-arm 50,000 orthodox spin Karnataka Ranji Trophy Right-arm 50,000 medium Karnataka Ranji Trophy Bowling/Fiel ding Wicket keeper Wicket keeper India Under-19 Team Player Right-arm

50,00 0 50,00 0 50,00 0

Bidding amount (US $) 450,000

Base fee

30,000

30,000

300,000

200,00

200,00 0

16 | P a g e C o r p o r a t e R e s t r u c t u r i n g Kumar

hande d Righthande d

4

66

Devraj Patil

23

India

5

3

Jacques Kallis

32

South Africa

6

18

Cameron White

24

Australia

7

77

Balachan dra Akhil

30

India

8

5

Virat Kohli

19

India

Righthande d

9

29

Ashley Noffke

30

Australia

Righthande d

BOWLERS Sl No Name No

Age

Nationa lity

1

10

Anil Kumble

37

India

2

34

Zaheer Khan

29

India

3

13

Nathan Bracken

30

Australia

4

2

Dale Steyn

24

South Africa

5

24

Sunil Joshi

38

India

Battin g Style Righthande d Righthande d Righthande d Righthande d Lefthande d

6

41

Abdur Razzak

25

Banglad esh

Righthande d Righthande d Righthande d

Lefthande

medium-fast

0

Wicket 50,000 keeper Karnataka Ranji Trophy Right-arm 900,000 fast-medium

50,000

Leg-break googly

500,000

100,00 0

Right-arm 50,000 medium-fast Karnataka Ranji Trophy Right-arm 300,000 medium India Under-19 Team Player Right-arm 62,500 medium-fast

50,000

Bowling/Fiel ding

Bidding amount (US $) 500,000

Base Fee

Left-arm medium-fast

450000

200000

Left-arm fastmedium

325000

225000 0

Right-arm fast

325000

150000

Leg-break googly

Left-arm 50,000 orthodox spin Karnataka Ranji Trophy Player Left-arm 120,000 orthodox spin

2,25,00 0

30,000

30,000

250000

50,000

50,000

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7

23

8

Rangan ath Vinay Kumar

24

India

N.S.C. Aiyappa

28

India

d Righthande d

Righthande d

Right-arm 50,000 medium-fast Karnataka Ranji Trophy Player Right-arm 50,000 medium Karnataka Ranji Trophy Player

Administration and coaching staff Front Office: * Owner - Vijay Mallya * CEO - Brijesh Patel * CCO - Martin Crowe * Ambassadors -Deepika Padukone, Katrina Kaif, Ramya, Upendra

Coaches: * Head Coach- Venkatesh Prasad * Assistant Head Coach- Vijay Bharadwaj * Physiotherapist- TBA Criteria Used by Dravid & Charu Sharma for selecting players: • He is a very good friend of Dravid. • Dravid selected 'conservative' players like him. • The "quite, nice guy type".

Quote by Vijay Mallay “"After seeing the final list, my friends told me it looked like a Test team. But I backed both of them thinking that they advised me properly. Unfortunately in cricket, unlike in any other sport, the captain is the boss." "He virtually had no say in the player's selection for his own Team". "When Rahul Dravid was not present in the second auction, I wanted to acquire some players but Charu Sharma was very tentative about them. I mean I bought Misbah-ul Haq because I

50,000

50,000

18 | P a g e C o r p o r a t e R e s t r u c t u r i n g



Shakespeare to Mallay, after giving responsibility to Charu & Dravid for selecting the team & they selected a bad team. He was a gentleman on whom I built an absolute trust. Shakespeare’s Macbeth, Act 1, Scene 4 

Quote by Dravid on Team Selection “We have a good allround combination of players, who lend some good balance to the side. I think we will be very competitive in the league. I know some people are saying we don’t have star value or quality but we certainly think we have got the stars be it Jacques Kallis or Mark Boucher, Shivnarine Chanderpaul or Nathan Bracken or Dale Steyn. Source: The Hindu Newspaper

Quote by Dravid on Team Selection “We got exactly the kind of players we wanted and we are very excited about that. Even in terms of Indian players you can’t have tougher players than Anil Kumble, Zaheer Khan and Wasim Jaffer,” Source: The Hindu Newspaper

The Collapse The team won only 5 of its 14 matches in the Inaugural IPL Season. The reason for collapse was cited as: 

Team Composition

Before going into details of Team Composition, Martin Crowe cites the following reasons for the team collapse:

19 | P a g e C o r p o r a t e R e s t r u c t u r i n g • • •

There is no one or particular area that deserves more blame than anyone else. People speculated at the start what type of team we were (a Test side) and that's the way it has turned out. We didn't have Twenty20 batsmen. Lack of facilities and time "The compositions of the team, the fact that key players were coming out of a Test series and had just one day to prepare. Our facilities at the home ground were poor - we got the worst practice facilities that I have ever seen in 25 years of international cricket, so preparing was even harder."

"We have tried all strategies, but this team is too old and too slow." Martin Crowe Solution given by Martin Crowe "I think you have to go in with a clean sheet and look at bringing players that would be suitable for IPL. Get as many new Twenty20 recruits as possible,"

Analysis of Team Composition The official rules for the tournament are here. Some of the Team composition rules are: • Total squad strength of 16 players plus one physio and a coach. • No more than 8 foreign players in the squad and at most 4 in the playing XI. • A minimum of 4 local players must be included in each team. • No fewer than 4 players from the BCCI under-22 pool in each team. Normally Cricket playing team consists of eleven players (5 batsmen’s, 5blowers & a wicket keeper). 5(Batsmen’s) +5(Blowers) +1(Wk/Batsmen) =11 Playing Team Members. This is general format of the game. Applying the above format to the RCB team, it consists of: 5(All-rounder’s) +9(Batsman’s) +3(Wk/Batsman) +8(Bowlers) =25 Players. As per IPL format, a team should consist of 4 foreign players, 4 from catchment area8 & 4 below 22 years. i.e. 4(Foreign Players) +4(Catchment area) +4(Below 22 yrs) =IPL team. This is the minimum requirement for selecting the team. 8

Catchment area = Indian National team+ Ranaji Trophy (Karnataka, Goa and Services) +U-19 Team.

20 | P a g e C o r p o r a t e R e s t r u c t u r i n g Applying the above criteria to the Royal Challengers team, it consists of:

“You can play only four overseas players in a match, so what’s the point in buying eight?” – Vijay Mallya. 9(Foreign Players) +12(Catchment Area) +4(Below 22 Yrs) = RCB

There are many ways to select a Cricket Team, I have mentioned only four 1. 2. 3. 4.

Names of famous players. Selection criteria for each player. Find winning talent for pennies or Money ball Concept. Fundamental Analysis

Names of Famous players Under this selection process the Captain or Franchise owner will be choosing the players based on there names like Hayden, Gibbs who are famous internationally. In this process the players will not be scanned based on there performance i.e. batting, bowling & fielding averages. Vijay Mallay had actually thought of this concept of selecting team, but his Team Captain & CEO did not allow it to happen.

Criteria for selecting International Players: The below mentioned criteria are mine & it should be considered as a sign-post but not as a rule of thumb. 1. Check his National, County & local commitments. 2. Fitness. 3. Should have represented his National One-day & 20-20 team. 4. Should have single handedly won a match for his National team in One-day internationals & 20-20 match. 5. Age. 6. Should not hire a Pakistan & Bangladesh Player. Applying the above Criteria to the RCB team: Criteria 1: The RCB team messed up with this first condition. They hired players who have already committed to their National, County &local teams.

21 | P a g e C o r p o r a t e R e s t r u c t u r i n g  Ex: Dale Steyn was not available for first 8 to 9 matches due to his local commitments.  Chanderpaul & Ross Taylor left the team in the middle of the tournament for there National commitment. Criteria 2: Always make sure the hired guy is fit for the whole tournament. But RCB team missed this point. Ex: Nathan Bracken was having the injury before the auction took place. Criteria 3: The RCB team should have thought twice before hiring a player. Ex: Kallis represents his One-day National team but does not represent his 20-20 National team. Criteria 4: This Criterion was well followed by RCB team. They have selected the entire International player who has single handedly won for there national team. Criteria 5: Age criteria always play a crucial role in 20-20 cricket because this format of game is made for young blood. I think this criterion was overlooked by RCB team. Ex: Out of 9 players, 4 guys are below 25 yrs& 5 guys are above 30 yrs. Criteria 6: This criterion was misunderstood by RCB team. Ex: They hired Misbah (Pak) & Razzak (Ban) who are from Muslim Community. As per there religion they are not supposed to endorse liquor or consume liquor. Since the Franchisee owner is a Liquor Barron. Back home, Misbah & Razzak received bad publicity by joining RCB team.

Criteria for selecting Catchment area & Under-22 The below mentioned criteria are mine & it should be considered a sign-post but not as rule of thumb. 1. Should have played T20 cricket for the National team. 2. Age 3. Burning desire to make it into National team, if he is a Ranji player. Applying the above criteria to the RCB team: Criteria 1: The RCB has not understood the T20 format. The Icon player of the RCB team has not played T20 games. Ex: Dravid, Kumble, Chipli have not played the T20 format in there career.

22 | P a g e C o r p o r a t e R e s t r u c t u r i n g Criteria 2: The RCB has forgotten the age of the players while selecting the team. Ex: Dravid, Kumble, Arun Kumar, Sunil joshi are aged more than 33 years.

Criteria 3: The Catchment area for the RCB team is Karnataka Ranji Team. Apart from Robin Uthappa, nobody has made it to the National team from the past 2 Years. This shows that there desire to play for the country.

Money ball Concept This concept is similar to derivatives market: • Identify successful approaches. • Figure out the critical components that feed into that success. • Buy them up. In more direct Cricket terms: 1. Identify what types of performance required from batsmen or blowers. 2. Highlight the areas of desirable performance that OTHER TEAMS ARE NOT CONCENTRATING ON (this is important). 3. Identify players who provide those types of performance. 4. Acquire those players who are affordable (cheap).



Shakespeare to players who have not played T-20 Format game & got selected. New honors come upon him, like our strange garments not to their mould. But with the aid of use. Macbeth, Act 1 Scene 3 Lest our old robes sit easier than our new ones Macbeth, Act 2, Scene 3 

23 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Fundamental Analysis Basically this concept is taken from the Stock Selection Criteria used in Finance field. Stock selection criteria is a strategy in which an analyst or investor uses a systematic form of analysis to determine if a particular stock constitutes a good investment which should be added to their portfolio. The objective of stock selection criteria is maximizing total return on investment (appreciation plus any dividends received) for the target holding period, subject to limiting risk to acceptable levels. Here in this context, the objective of using this concept is to maximizing total return on investment for the target holding period of three years. Some of the players picking approaches are given below: 1. Selection Components: Player (Stock) picking can be an extremely difficult and complex endeavor because there is no foolproof method for reliably forecasting a player’s (stock’s) future price movements or player’s performance. However, by carefully examining numerous factors, an investor or captain may get a better sense of future stock prices or player performance than by relying on unsubstantiated speculation. The analytical components that are most commonly utilized by equity investors or Team captain in a suggested stock selection or player selection approach include the following criteria: • Sector Analysis: Since cricket consists of four departments i.e. batting, bowling, wicket keeping & all-rounder. This component involves identification and analysis of all departments that are likely to exhibit relatively superior performance results during the whole series. • Quantitative Cumulative Value Analysis: This method considers past records of the players. 2. Composite Score: This concept is used to compare the players in the same sector or department. Example: Wicket keeping batsman like Gilchrist & Boucher. 3. Rules of Thumb for each department: There are several strategic rules of thumb or criteria that should be evaluated when considering buying a particular player or department. They are mentioned below: Rules of Thumb for Batsmen •

•

Batting Average: Batting average is the total number of runs he has scored divided by the number of times he has been out.  If the batting average is below 30, it’s AVERAGE.  If the batting average is between 30 & 40, then it’s is GOOD.  If the batting average is above 40, then it’s EXPECTIONAL. Strike Rate: Batting strike rate is a measure of how frequently a batsman achieves the primary goal of batting, namely scoring runs. Batting strike rate is defined for a batsman as the average number of runs scored per 100 balls faced.  If the strike rate is below 50, then it’s AVERAGE.  If the strike rate is between 50 to 80, then it’s GOOD.  If the strike rate is more than 100, then it’s EXPECTIONAL.

24 | P a g e C o r p o r a t e R e s t r u c t u r i n g •

Boundary clearing ability: This rule helps us to check the number of 4’s & 6’s hit in the ODI’s in his career.

Rules of Thumb for Bowlers • •

•

Bowling average: A bowler's bowling average is defined as the total number of runs conceded by the bowler divided by the number of wickets taken by the bowler. Strike Rate: Bowling strike rate is a measure of how frequently a bowler achieves the primary goal of bowling, namely taking wickets. Bowling strike rate is defined for a bowler as the average number of balls bowled per wicket taken. The lower the strike rate, the more effective a bowler is. Economy Rate: Economy Rate (Econ): The average number of runs conceded per over. (Econ = Runs/over’s bowled).

Rule of Thumb for Wicket-keeper Same as Batsman Rules of Thumb for All-Rounder There are three types of all-rounder’s batting all-rounder, bowling all-rounder &wkt-keeping all-rounder. All-rounder is someone who’s batting or bowling skills, considered alone, would be good enough to win them a place on the team. One commonly used statistical rule of thumb is that the batting average of an allrounder (the higher the better) should be greater than the bowling average (the lower the better).

Note: Not all the players’ analysis has not been done. Team Players-Brief Introduction9 Rahul Dravid India Current age 35 years 147 days Nickname The Wall 9

IPL+ROYAL CHANLLENGERS WEBPAGE

25 | P a g e C o r p o r a t e R e s t r u c t u r i n g Batting style Right-hand bat Bowling style Right-arm off break Fielding position Occasional wicketkeeper Strength & Achievements: Dravid is a modern-day cricketing legend. Wisden Cricketer of the Year 2000 and the latest member of the 10,000 run club, Dravid's brilliance has steered him to some amazing feats in the cricket world. He is the only batsman in Test history to score a century in every Test-playing nation in the world, the only Indian to score five double hundreds in Tests (three of them in the same season - 2003-04), the only Indian to score three Test double hundreds on foreign soil and the only Indian to score hundreds in four consecutive Test innings. Having played over 100 Tests and more than 300 ODIs, Dravid is ready game for yet another battle - the IPL Twenty-20 Championship.

Batting and fielding averages Mth

Inns

No

Runs

ODIs

333

308

40

10585 153

Tw20

2

2

0

55

HS 54

Ave

BF

100

50

4s

6s

Ct

St

39.49 14862 71.22

12

81

930

40

193

1

27.5

0

1

9

0

0

0

Econ

SR

4w

5w

10

43

SR 127.9

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

333

8

186

170

4

2/43

2/43

42.5

5.48

46.5

0

0

0

Tw20

2

-

-

-

-

-

-

-

-

-

-

-

-

Strengths: •

World class player & a professional.

•

The best number 3 batsman to play for India in Test Cricket.

•

Technically correct player capable of stonewalling against the best attacks his early nickname was 'The Wall’.

•

Flexibility.

•

Ability to comeback to the National team.

Shivnarine Chanderpaul West Indies Current age 33 years 295 days Playing role Batsman Batting style Left-hand bat

26 | P a g e C o r p o r a t e R e s t r u c t u r i n g Bowling style Leg break Strength & Achievements: A West Indian cricketer of Indo-Guyanese ethnicity, the left-handed Chanderpaul is known for his doggedness. A prolific stroke maker on both sides of the wicket, his signature stance confounds many bowlers. Chanderpaul best first class score is 303* versus Jamaica, and, despite his reputation as a dour batsman, his 67-ball century is the fourth fastest century in Test cricket. He emulated Graham Dowling to become only the second player to make a double century on debut as a Test captain, scoring an unbeaten 200 against South Africa. His ability to effortlessly shift gears, particularly in one-day games, has seen him scoring some centuries at a really brisk pace. Chanderpaul is distinctly remembered for his "baseball-style" tape under his eyes, which he started wearing after a successful run scoring spree besides known for using a bail from the stumps to "mark his guard".

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

ODIs

229

215

31

7291

Tw20

6

6

1

Twenty20

8

8

1

Ave

BF

SR

100

50s

4s

6s

Ct

St

150 39.62 10368 70.32

8

49

628

71

64

0

133

41

26.6

0

0

12

2

4

0

163

41

23.28 167

0

0

15

2

6

0

SR

4w

5w

10

52.8

0

0

0

130 102.3 97.6

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave Econ

ODIs

229

28

740

636

14

3/18

3/18 45.42 5.15

Tw20

6

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

8

-

-

-

-

-

-

-

-

-

-

-

-

Analysis: On an average Chanderpaul scores 2 to 3 four’s & 0 sixes per match. His batting average is 40.4 which qualify him as specialist batsmen. His strike rate & average in T20’s is not good. Wasim Jaffer India Current age 30 years 111 days Batting style Right-hand bat Bowling style Right-arm off break Strength & Achievements Jaffer, a right-handed opening batsman who bowls off breaks, is known for his technical finesse with a remarkable talent to play gorgeous shots without hitting the ball in the air. Following a prolific school career, during which he scored 400 not-out

27 | P a g e C o r p o r a t e R e s t r u c t u r i n g in one innings as a 15-year-old, he made his entry into first class cricket scoring a triple century in his second match for Mumbai. Jaffer scored his maiden Test hundred against England at Nagpur and he made his first Test double century at the Antigua Recreation Ground against the West Indies in June 2006. A prolific run scorer in the domestic one-day circuit, he is now all geared up for the IPL 20:20 bash.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

ODIs

2

2

0

10

10

5

23

43.47

0

0

2

0

0

0

Tw20

1

1

0

4

4

4

5

80

0

0

1

0

0

0

Econ

SR

4w

5w

10

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

2

-

-

-

-

-

-

-

-

-

-

-

-

Tw20

1

-

-

-

-

-

-

-

-

-

-

-

-

Analysis: Not even played 25 one-day International matches for his National team. Even after giving a chance in 20-20 format he has not proved his worth. Misbah-ul-Haq Pakistan Current age 34 years 9 days Batting style Right-hand bat Bowling style Leg break Strength & Achievements: A versatile cricketer from Pakistan, Misbah is known for his cool headed batting especially under pressure. An MBA graduate from the University of Management & Technology, Lahore, Misbah was initially hailed for his technique and his temperament in the tri-nation tournament in Nairobi, Kenya in 2002, where he scored two 50s in three innings. He was chosen for the inaugural ICC World T20 in 2007 and he was instrumental in Pakistan's recovery in the final against arch-rivals India, with 3 consecutive sixes off Harbhajan Singh's over at the end. In their Super 8s encounter against Australia, he was named Man of the Match for his unbeaten 66 off 42 deliveries. His team won with five balls to spare. He is currently the vicecaptain of the Pakistan team.

28 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

ODIs

27

25

5

727

T20Is

9

9

4

Twenty20

22

19

7

Ave

100

50s

4s

6s

Ct

St

55* 36.35 934 77.83

0

3

53

12

11

0

251

66*

197 127.41

0

2

20

10

2

0

596

107* 49.66 456 130.7

1

4

49

21

8

0

Econ

SR

4w

5w

10

50.2

BF

SR

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

27

1

24

30

0

-

-

-

7.5

-

0

0

0

T20Is

9

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

22

-

-

-

-

-

-

-

-

-

-

-

-

Analysis: Excellent batting average & strike rate in 20-20 format. He was instrumental in taking Pakistan team to Finals of T20 Inaugural Cup Ross Taylor New Zealand Current age 24 years 90 days Batting style Right-hand bat Bowling style Right-arm off break Strength & Achievements: Captained the New Zealand Under-19 side in the youth internationals where he scored 132* in the State Shield in 2003-2004, and 184 in the State Championship in 2004-2005. Ross Taylor made his debut for New Zealand in March 2006, in an ODI against the West Indies. He became the second player of Samoan heritage to play for New Zealand. Taylor has been a dominant batsman on the domestic scene for the past couple of seasons. He is a clean striker of the ball and an effective off-break bowler.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

ODIs

38

34

6

996

Tw20

12

11

1

171

Twenty20

20

19

2

547

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

2

4

98

19

22

0

135 126.66

0

1

8

10

11

0

111* 32.17 311 175.88

1

2

42

35

14

0

128* 35.57 1211 82.24 62

17.1

29 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

Econ

SR

4w

5w

10

ODIs

381

2

18

18

0

-

-

-

6

-

0

0

0

Tw20

12

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

20

6

108

163

7

3/28

0

0

0

3/28 23.28 9.05- 15.4

Analysis: A very good all-rounder. A clean striker of the ball (SR: 82.24). He scores most of his runs by boundaries. Jagadeesh Arunkumar India Current age 33 years 140 days Batting style Right-hand bat Bowling style Right-arm off break Strength & Achievements: A prolific right handed batsman, he has over 100 first class games (most of them for Karnataka) and more than 20 first-class hundreds to his credit. He can be a tremendous hitter against the new ball and the T20 form of game will be his cup of tea. He represented India juniors on tours of South Africa and England.

Averages Batting and fielding averages Mth

Inns

N/o

ODIs

100

99

4

Tw20

4

4

0

Runs

Hs

Ave

3227 154* 33.96 56

31

14

BF

SR

100

50s

4s

6s

Ct

St

-

-

7

19

-

-

21

0

55

101.81

0

0

8

1

0

0

Econ

SR

4w

5w

10

2/35 30.71 5.42

34

0

0

0

-

-

-

-

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

100

-

238

215

7

2/35

Tw20

4

-

-

-

-

-

-

-

-

Analysis: His average in List A (local one-days) are not up to the mark. His average is 33.96. Given the opportunity in IPL, he did not make his presence felt to the National selectors. Bharat Chipli India Current age 25 years 131 days Batting style Right-hand bat Bowling style Right-arm medium

Averages

30 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Batting and fielding averages Firstclass List A

Mth

Inns

N/o

Runs

13

21

2

750

18

18

2

548

Hs

Ave

BF

100

50s

4s

6s

Ct

St

135* 39.47 1131 66.31

2

3

104

9

11

0

109* 34.25

3

1

0

0

4

0

Econ

SR

4w

5w

10

2.19

-

0

0

0

3.92

28

0

0

0

-

SR

-

Bowling averages Mth Firstclass List A

Inns Balls Runs Wkts BBI BBM Ave

13

4

126

46

0

18

4

84

55

3

-

-

-

1/12 18.33 11.5

Analysis: Selected as batsmen for the RCB team based on the List A strike rate. On an average he scores more than 50% of his runs from boundaries. A very good striker of the ball. Not played 20-20 format in his career. Given the opportunity in IPL, he did not make his presence felt to the National selectors. Mark Boucher South Africa Current age 31 years 186 days Batting style Right-hand bat Bowling style Right-arm medium Fielding position Wicketkeeper Strength & Achievements: A regular feature of the South African side since the 1997-1998 tour to Australia, he is widely regarded as one of finest wicketkeepers in the game. He holds the record for most dismissals in Test cricket. He once held the record for the highest score by a night watchman in Test cricket (125 for South Africa v Zimbabwe at Harare in 1999-00). On 20 September, 2006 he made his maiden ODI century, hitting an unbeaten 147 against Zimbabwe off a mere 68 balls. His hundred came off just 44 balls, the second fastest ODI century ever. He has played over one hundred consecutive ODIs for his country. In February 2007 he and Kallis combined to hit Mohammad Asif for 28 runs in an over!

Averages Batting and fielding averages Mth

Inns

N/o

Runs

ODIs

263

193

48

T20Is

9

7

Twenty20

16

14

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

4203 147* 28.98 4996 84.12

1

25

320

73

368

18

0

134

36

19.14 149 89.93

0

0

14

0

9

0

3

317

57* 28.81 319 99.37

0

1

25

6

14

2

31 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave Econ

SR

4w

5w

10

ODIs

263

-

-

-

-

-

-

-

-

-

-

-

-

T20Is

9

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

16

-

-

-

-

-

-

-

-

-

-

-

-

Analysis: Selected has a wicket keeping batsmen. For wkt/batsmen the average should be more than 30 but his average is 28.98 which are not up to the level. Shreevats Goswami India Current age 19 years 19 days Batting style Left-hand bat Fielding position Wicketkeeper Strength & Achievements: A new and exciting prospect from the U-19 team, Goswami is a left-handed batsman and wicketkeeper. He plays domestic cricket for U-19 Bengal team. During the U-19 tri-nation series in South Africa in January 2008, he scored 97 against South Africa and 104 against Bangladesh. In the U-19 World Cup in Malaysia earlier this year, he scored 58 in one of the league matches and 51 in the semi-final against New Zealand. He is a talented youngster with a bright future. Mat List A Twenty20

Inns 3 4

Mat 3 4

List A Twenty20

NO 3 3

Inns -

Runs 0 0

Balls -

Batting and fielding averages Ave BF SR 48 25.66 152 50.65 52 27.33 85 96.47 Bowling averages Wkts BBI BBM Ave -

HS 77 82

Runs -

100 0 0 Econ -

50 4s 0 1 SR -

6s

Ct

9 9

St

0 1

4w -

0 2

5w -

0 2

10 -

Devraj Patil India Current age 23 years 183 days Batting style Right-hand bat Fielding position Wicketkeeper

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

First Class

2

1

0

7

7

7

9

77.77

0

0

1

0

0

0

List A

10

8

3

174

52

34.8

-

-

0

1

-

-

13

2

Twenty20

9

9

0

216

44

24

0

0

27

2

5

2

189 114.28

32 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

Econ

SR

4w

5w

10

First Class

2

-

-

-

-

-

-

-

-

-

-

-

-

List A

10

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

9

-

-

-

-

-

-

-

-

-

-

-

-

Jacques Kallis South Africa Current age 32 years 234 days Batting style Right-hand bat Bowling style Right-arm fast-medium Strength & Achievements: Hailed as the World's Top Cricketer of the Year 2007 by Wisden, Kallis is a talented right-handed batsman and an effective fast-medium bowler, being the only cricketer to score more than 9,000 runs, bag 200 wickets and pouch 100 catches in both Tests and ODIs. From October to December of 2007, he produced a remarkable streak of five centuries in 4 Tests. With 30 Test centuries to his credit, Kallis has established himself as one of the modern greats of the game. He was pivotal to South Africa winning the ICC Champions Trophy title in 1998 with two man-of-the-match and the player-of-the-series performances. In 2005, Kallis was a part of the World XI team that played an Asian XI in a benefit match for those affected by the tsunami of 2004. In the same year he was awarded the Sir Garfield Sobers Trophy for the ICC Player of the Year. Kallis currently holds a number of South African cricket records, including most ODI and Test runs, highest ODI and second highest Test batting average and most Test centuries. With a remarkable batting average of over 58, he is rated as one of the best batsmen in the world.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

ODIs

274

260

49

9541

T20Is

3

3

0

Twenty20

7

7

1

Ave

100

50s

4s

6s

Ct

St

139 45.21 13371 71.35

16

65

745

114

101

0

39

20

36 108.33

0

0

3

2

2

0

179

50

29.83 168 106.54

0

1

18

5

4

0

Econ

SR

4w

5w

10

5/30 31.53 4.81

39.2

2

2

0

13

BF

SR

Bowling averages ODIs

Mth

Inns Balls Runs Wkts BBI BBM Ave

274

241

9388 7536

239

5/30

33 | P a g e C o r p o r a t e R e s t r u c t u r i n g

T20Is

3

1

6

17

0

-

-

-

17

-

0

0

0

Twenty20

7

2

18

29

1

1/12

1/12

29

9.66

18

0

0

0

Cameron White Australia Current age 24 years 293 days Nickname Whitey, Bear Batting style Right-hand bat Bowling style Leg break googly Strength & Achievements: A powerful middle order batsman and right-arm leg-spin bowler, White made his first-class cricket debut as a teenager in the 2000-01 season for the Victorian Bushrangers. White, like Kumble, relies a lot on top-spinners and a cleverly concealed googly. White first represented Australia at the Under-19 level in January 2001 at the age of 17. In January-February 2002, he captained the Australian team to victory in the ICC Under-19 World Cup in New Zealand. After touring Pakistan with the Australia ‘A’ team in September 2005, White was selected to play in the Chappell-Hadlee Trophy matches against New Zealand in December 2005.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

ODIs

16

10

3

157

45

Tw20

1

1

1

40

40*

Twenty20

26

26

6

878

141* 43.9

BF

SR

100

50s

4s

6s

Ct

St

0

0

7

9

5

0

0

0

1

4

2

0

2

5

62

49

11

0

Econ

SR

4w

5w

10

50.25 6.93

43.5

0

0

0

12

0

0

0

15.7

0

0

0

22.42 135 116.29 -

20

200

546 160.8

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

16

10

174

201

4

1/5

1/5

Tw20

1

1

12

11

1

1/11

1/11

Twenty20

26

18

268

373

17

3/8

3/8

11

5.5

21.94 8.35

Sunil Joshi India Current age 38 years 0 days Batting style Left-hand bat Bowling style slow left-arm orthodox Strength & Achievements: Sunil Joshi bowls slow left arm spin and bats left handed. Joshi played both Test and One Day International cricket for India between 1996 and 2001. His usual role in the

34 | P a g e C o r p o r a t e R e s t r u c t u r i n g team was to provide runs from the lower order and act as a secondary spin bowler. His most famous bowling performance for India came in an ODI match against South Africa in the LG Cup in 1999. He returned figures of 10-6-6-5 helping India to victory. Three years later, the feat was rated in the Wisden 100 as the seventh best ODI bowling. Sunil Joshi is a regular Karnataka stalwart. In the 1995-96 Ranji Trophy season, he achieved the `double’ of 500 runs and 50 wickets.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

ODIs

157

112

27

1676

64

19.71

-

-

0

5

-

-

41

0

Tw20

69

45

11

584

61* 17.17 653 89.43

0

1

47

17

19

0

Twenty20

6

4

2

25

10*

0

0

1

0

2

0

SR

4w

5w

10

12.5

28

89.28

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave Econ

ODIs

69

67

3386 2509

69

5/6

5/6

36.36 4.44

49

1

1

0

Tw20

157

-

7894 5360

182

5/6

5/6

29.45 4.07

43.3

2

2

0

Twenty20

6

6

120

6

2/11

2/11

23.5

7.05

20

0

0

0

BF

SR

100

50s

4s

6s

Ct

St

0

8

32

0

0

0

19

3

3

0

Econ

SR

4w

5w

10

141

Balachandra Akhil India Current age 30 years 243 days Batting style Right-hand bat Bowling style Right-arm medium-fast

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

List A

63

51

6

1302

91

28.93

Twenty20

9

9

2

167

35

23.85

111 150.45

Bowling averages Mth List A

63

Twenty20

9

Inns Balls Runs Wkts BBI BBM Ave

Virat Kohli

9

2443 1780

53

4/31 33.58 4.37

46

46

1

0

0

197

10

3/16

6

19.7

0

0

0

197

3/16

19.7

35 | P a g e C o r p o r a t e R e s t r u c t u r i n g India Current age 19 years 214 days Playing role Lower middle order batsman Batting style Right-hand bat Bowling style Right-arm medium Strength & Achievements: This stylish right hander was the captain of the Indian cricket team that won the 2008 U/19 Cricket World Cup tournament in Malaysia. A super cool, level-headed allrounder, Kohli represents Delhi in first-class cricket and has a penchant for big scores. He was the second Indian U-19 captain to win the World Cup and he made 235 runs during India’s unbeaten campaign in Malaysia.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

ODIs

11

17

3

630

169

45

Tw20

4

3

0

70

40

23.33

96

Twenty20

5

5

0

179

76

35.8

SR

100

50s

4s

6s

Ct

St

2

1

91

2

7

0

72.91

0

0

3

2

1

0

136 131.61

0

1

17

3

3

0

Econ

SR

4w

5w

10

1413 44.58

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

11

1

12

15

0

-

-

-

7.5

-

0

0

0

Tw20

4

-

-

-

-

-

-

-

-

-

-

-

-

Twenty20

5

-

-

-

-

-

-

-

-

-

-

-

-

Praveen Kumar India Current age 21 years 248 days Playing role Bowler Batting style Right-hand bat Bowling style Right-arm medium Strength & Achievements: Hailing from a family of wrestlers, Praveen Kumar is one of the heroes of the recently concluded India-Australia-Sri Lanka tri series Down Under. A right-arm medium pace bowler, who relies on his ability to swing the ball, he is most effective with the new ball. Besides being a fine opening bowler, he is also an effective and aggressive pinch hitter.

Averages Batting and fielding averages ODIs

Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

5

3

0

25

12

8.33

28

89.28

0

0

2

0

2

0

36 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Tw20

1

1

0

6

6

6

List A

41

38

1

879

64

Twenty20

5

5

1

113

76* 28.25

10

60

0

0

0

0

0

0

0

4

-

-

6

0

0

1

13

2

0

0

Econ

SR

4w

5w

10

23.75 826 106.41 86 131.39

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

5

5

300

225

10

4/13

4/13

22.5

4.5

30

2

0

0

T20Is

1

1

12

15

1

1/15

1/15

15

7.5

12

0

0

0

List A

41

0

2124 1573

73

5/32

5/32 21.54 4.44

29

3

2

0

Twenty20

5

5

104

6

2/5

2/5

17.3

0

0

0

84

14

4.84

Anil Kumble India Current age 37 years 233 days Batting style Right-hand bat Bowling style Leg break googly Strength & Achievements: Nicknamed 'Jumbo' for being unusually fast for a spinner, Anil Kumble is a right-arm leg spin bowler and a right-hand batsman. Kumble relies a lot on accuracy, subtle variations and bounce. He is currently the leading wicket-taker for India in both Tests and ODIs. With over 600 wickets in Tests, he is the third highest wicket taker behind Shane Warne and Muthiah Muralitharan. He is one of only two bowlers in Test history to have taken all 10 wickets in an innings. Kumble has also often lent his skill as a batsman in crunch situations like last year's tour of England, where Kumble scored his maiden Test century at The Oval. Grit and determination are synonymous with Kumble. Winner of the Arjuna Award in 1995 and a Wisden Cricketer of the Year in 1996, Kumble was among the 16 cricketers short listed for the Wisden Indian Cricketer of the 20th Century, in 2000. A Padma Shri awardee in 2005, Kumble is among the most respected cricketers in the game. Kumble is armed with a degree in Mechanical Engineering.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

ODIs

271

136

47

938

26

Tw20

2

1

0

8

8

Ave

BF

SR

10.53 1536 61.06 8

7

114.28

100

50s

4s

6s

Ct

St

0

0

57

6

85

0

0

0

0

0

0

0

37 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

271

265 14496 10412 337

Tw20

2

2

47

46

4

Econ

SR

4w

5w

10

6/12

6/12 30.89

4.3

43

8

2

0

2/20

2/20

5.87

11.7

0

0

0

11.5

Zaheer Khan India Current age 29 years 243 days Batting style Right-hand bat Bowling style Left-arm fast-medium Strength & Achievements: Known to his team mates as "Zaks", Zaheer is an alumnus of the National Cricket Academy in Bangalore and was one of the answers for India's search for a genuine left arm swing bowler at the turn of the millennium. He was named as one of the Wisden Cricketers of the Year 2007. Strongly built and known for his aggression, Zaheer represents the new face of a positive Indian cricketer. A left arm pace bowler, Zaheer has the ability to swing the ball either way, and as a batsman also holds the record for the highest Test score by a No. 11 (75 versus. Bangladesh in 2004). He has taken more than 200 ODI wickets (Avg 29.04) besides having 170 test wickets in his kitty.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

ODIs

271

136

47

938

26

Tw20

2

1

0

8

8

8

7

Twenty20

10

7

3

56

26

14

56

SR

100

50s

4s

6s

Ct

St

0

0

57

6

85

0

114.28

0

0

0

0

0

0

100

0

0

6

0

3

0

10.53 1536 61.06

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

Econ

SR

4w

5w

10

ODIs

144

142

Tw20

1

1

24

15

Twenty20

10

10

228

265

7213 10412 5910

Dale Willem Steyn South Africa Current age 24 years 345 days Batting style Right-hand bat Bowling style Right-arm fast Strength & Achievements:

201

5/42

5/42

29.4

35.8

6

1

0

2

2/15

2/15

7.5

3.75

12

0

0

0

9

2/15

2/15 29.44 6.97

25.3

0

0

0

38 | P a g e C o r p o r a t e R e s t r u c t u r i n g An aggressive out-and-out fast bowler capable of bowling at speeds in excess of 145 kmph, Steyn can generate late swing. He loves "the buzz from bowling fast" and aims to become the quickest bowler in the world. Some of the Royal Challengers who are part of the Indian team got to know what he meant by that in the recent SA-India test match held at Ahmedabad. Steyn is the fastest South African to reach 100 wickets in Test matches, a feat he achieved on 2 March 2008 in his 20th match.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

ODIs

12

3

1

5

3

2.5

17

29.41

0

0

0

0

2

0

Tw20

2

1

1

1

1*

-

1

100

0

0

0

0

0

0

Twenty20

14

4

2

7

4*

3.5

8

87.5

0

0

0

0

2

0

Econ

SR

4w

5w

10

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

ODIs

12

12

528

511

15

3/65

3/65 34.06

5.8

35.2

0

0

0

Tw20

2

2

42

26

5

4/9

4/9

3.71

8.4

1

0

0

Twenty20

14

13

294

293

16

4/9

4/9

18.31 5.97

18.3

1

0

0

5.2

Nathan Wade Bracken Australia Current age 30 years 268 days Playing role Bowler Batting style Right-hand bat Bowling style Left-arm fast-medium Strength & Achievements: A tall, left-arm fast-medium bowler, Bracken has represented Australia in all forms of the game and remains a regular fixture in the Australian ODI and T20 International teams. A New South Welshman in Australian domestic cricket, he played for Gloucestershire in 2004 in English county cricket. He was the Man-of-theSeries in the recently concluded tri-series in Australia involving India and Sri Lanka.

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

BF

SR

100

50s

4s

6s

Ct

St

ODIs

81

23

11

149

21* 12.41 204 73.03

0

0

7

5

17

0

Tw20

12

2

1

7

4

7

6

116.66

0

0

0

0

3

0

Twenty20

19

5

3

14

7*

7

10

140

0

0

0

1

3

0

39 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave

Econ

SR

4w

5w

10

ODIs

81

81

3984 2920

131

5/47

5/47 22.29 4.39

30.4

3

2

0

Tw20

12

12

233

253

15

3/11

3/11 16.86 6.51

15.5

0

0

0

Twenty20

19

19

394

458

22

3/11

3/11 20.81 6.97

17.9

0

0

0

BF

100

50s

4s

6s

Ct

St

Abdur Razzak Bangladesh Current age 25 years 357 days Batting style Left-hand bat Bowling style Slow left-arm orthodox

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

SR

ODIs

57

36

16

257

28

12.85 346 74.27

0

0

16

8

14

0

T20Is

8

5

2

7

5

2.33

21

33.33

0

0

0

0

0

0

Twenty20

8

5

2

7

5

2.33

21

33.33

0

0

0

0

0

0

SR

4w

5w

10

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave Econ

ODIs

57

57

2983 2038

84

5/33

5/33 24.26 4.09

35.5

2

1

0

T20Is

8

8

186

178

13

3/17

3/17 13.69 5.74

14.3

0

0

0

Twenty20

8

8

186

178

13

3/17

3/17 13.69 5.74

14.3

0

0

0

Ave

BF

100

50s

4s

6s

Ct

St

Vinay Kumar India Current age 24 years 115 days Batting style Right-hand bat Bowling style Right-arm medium

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

First-class

34

46

11

408

48

11.65 1099 37.12

0

0

-

14

0

0

List A

28

16

6

259

82

25.9

0

2

-

-

11

0

Twenty20

7

6

3

71

25* 23.66

0

0

4

5

1

0

-

SR -

37 191.89

40 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Bowling averages Mth First-class

34

List A Twenty20

7

Inns Balls Runs Wkts BBI BBM Ave -

6/3

Econ

SR

4w

5w

10

24.73 2.85

52

4

7

1

0

6507 3092 8125

28

1403

998

49

4/24

4/24 20.36 4.26

28.6

3

0

0

7

155

186

9

3/31

3/31 20.66

7.2

17.2

0

0

0

BF

100

50s

4s

6s

Ct

0

0

0

2

0

0

SR

4w

5w

10

KP Appanna India Current age 19 years 169 days Batting style Right-hand bat

Averages Batting and fielding averages Mth

Inns

N/o

Runs

Hs

Ave

List A

4

2

2

2

1*

-

Twenty20

3

1

1

9

9*

-

3

SR 300

0

0

Bowling averages Mth

Inns Balls Runs Wkts BBI BBM Ave Econ

St

List A

4

4

192

160

7

4/8

22.85

5

27.4

1

0

0

0

Twenty20

3

3

48

65

2

1/9

1/9

32.5

8.12

24

0

0

0

0

41 | P a g e C o r p o r a t e R e s t r u c t u r i n g



Shakespeare to Vijay Mallay: These are the deeds must not be thought after these ways; so, it will make us mad. Macbeth 

Corporate Restructuring

Introduction Corporate reorganization is done from time to time in response to business environment and changing dynamics. The process of corporate reorganization should be seen as a business structure to grow & enhance value. The discussion is the part is centered on corporate reorganization associated with

42 | P a g e C o r p o r a t e R e s t r u c t u r i n g 1. Split-up of an existing company’s balance sheet through asset sale, subsidiarisation or other methods involving transfer of asset or transfer of equity, popularly known as “Corporate restructuring”. 2. Integration of two or more balance sheets popularly known as “Mergers & Amalgamation”. 3. Change in the shareholding pattern of a company resulting is a change in control or ownership known as “Acquisition or Takeovers “. We will not be discussing the other methods (Merger’s & Acquisition). Rationale for Corporate reorganization in the context of Royal Challengers Bangalore team 1. To create a long term fan following. 2. To attain better utilization of existing team members. 3. To exit the non-performing players. 4. Strategic divestitures: These are the instances where a company is nurtured with a strategic sale in mind. Overview of corporate restructuring The term corporate restructuring “connotes the entire process of through which an existing company reorients itself as response to changing business environment & operational dynamics” There are two types of corporate restructuring: (1) Internal restructuring & (2) External restructuring Caution: We will be discussing only internal restructuring. Internal restructuring consists of • Operational restructuring • Divisional restructuring & • Financial restructuring Operational restructuring is a change brought about the organization & / or its process. Divisional restructuring refers to setting up separate divisions within the same company for a better operational control & accountability. Financial restructuring entails a change in the capital structure. Royal challenger’s team need to be restructured in two ways one is People restructure (Operational & Divisional) & another is Revenue (Financial) restructure. Strategies for people restructure10 “A team is a mosaic”--- Charles Williams

10

Taken from Edward De Bono’s book Tactics.

43 | P a g e C o r p o r a t e R e s t r u c t u r i n g “The first thing is to decide what you are trying to do. You then decide both how many people you need, what kind of people & what skills are required”—Chris Bonington Step 1: First find the Gap First of all you have to reorganize that you want somebody is particular situation that is terribly important. Having identified the gap you have to identify in your mind the Strength & Achievements of the sort of person you want for the situation. Step 2: Find the right man for the Job Step 3: Hire someone loyal to intention Choosing people to work around is a combination of two things, experience & enthusiasm. Experience helps a lot in certain situation. Enthusiasm encompasses dedication because people who are very, very enthusiastic about ideas are dedicated to getting thing done & making them work. One follows the other: enthusiasm, dedication, loyalty. Step 4: Plant a catalyst First recognizing the weakness in a team or the skills gaps, it also recognizes the need for catalyst in a team; it’s brings sensitive to the way individuals react to another, how they complement one another. Team • • • • • •

Motivation Use people wisely Display a sense of involvement You don’t have to be liked: A leader should not “need” to be loved but should behave in such a manner that he or she is loved. Communicate goals Offering the carrots: Rewards are powerful way of producing change through subject to certain limitation. Criticize the performance not the performer.

Even after using the above methods if we did not get the desired result then “Get rid of those People” Strategy for Divisional Restructuring Cricket consists of four divisions batting, bowling, wicket keeping/batsman & allrounder. Refer team analysis. This restructuring is done on the basis of IPL format (i.e. foreign player + Catchment Area + Under-22). No new player should be recruited for the next 2 years. Since every player’s contract will expire after 3 years. New recruitment should happen after 2 years. Foreign Player 1. Jacques Kallis 2. Cameron White

Catchment Area 1. Rahul Dravid 2. Wasim Jaffer

Below 22 Years 1. Virat Kohli 2. Shreevats Goswami

44 | P a g e C o r p o r a t e R e s t r u c t u r i n g 3. Ashley Noffke 4. Nathan Bracken 5. Dale Steyn 6. Mark Boucher 7. Misbah-ul-Haq 8. Ross Taylor 9. Shivnarine Chanderpaul 10.Abdur Razzak

3. Jagadeesh Arunkumar 4. Bharat Chipli 5. Devraj Patil 6. Balachandra Akhil 7. Anil Kumble 8. Zaheer Khan 9. Sunil Joshi

3. Praveen Kumar 4. K.P. Appanna

10.Ranganath Vinay Kumar 11.N.S.C. Aiyappa

No restructuring should be done for below 22 years age group as per the format. Restructuring for Catchment Area players Since we can not sell the catchment area players we can use them as our bench strength. The following players should be divested, they are: Should be Divested Hold Wasim Jaffer Rahul Dravid Reason : Age & less one day match experience Devraj Patil Anil Kumble Reason: Team has already has too much of wicket keepers. Sunil Joshi Zaheer Khan Reason: Age & already retired from all forms of cricket. N.S.C. Aiyappa Balachandra Akhil Reason: Too many players in the team. Jagadeesh Arunkumar Ranganath Vinay Kumar Reason: Too many players in the team. Bharat Chipli Restructuring for foreign players Since the format allows us to sell some of our foreign players we will sell some of them. The following players should be there in the team: Should be Divested Hold Shivnarine Chanderpaul Jacques Kallis Reason: Since he plays at No.3 this spot can be filled up by either Kallis or Ross Taylor Abdur Razzak Cameron White

45 | P a g e C o r p o r a t e R e s t r u c t u r i n g Reason: Less scope for spinner. Another reason is Anil Kumble’s presence & experience. Mark Boucher Reason: Too many wicket keepers. Ashley Noffke Reason: He was selected as allrounder. But this place can be replaced by White or Misbah.

Nathan Bracken Dale Steyn

Misbah-ul-Haq Ross Taylor After restructuring the RCB team will look like this. Foreign Players Catchment Area 1. Jacques Kallis 1. Rahul Dravid 2. Cameron White 2. Anil Kumble 3. Nathan Bracken 3. Zaheer Khan 4. Dale Steyn 4. Balachandra Akhil 5. Misbah-ul-Haq 5. Ranganath Vinay Kumar 6. Ross Taylor 6. Bharat Chipli

1. 2. 3. 4.

Under- 22 Virat Kohli Shreevats Goswami Praveen Kumar K.P. Appanna

6 (Foreign players) + 6 (Catchment area) + 4 (Under-22) = 16 players. The final eleven playing will be: Batsmen Rahul Dravid

Bowlers Anil Kumble

Ross Taylor Misbah-ul-Haq Ranganath Vinay Kumar

Zaheer Khan Dale Steyn Nathan Bracken

Wkt/Batsmen Shreevats Goswami

All-rounder Virat Kohli Praveen Kumar

Players on Bench Bench Players Jacques Kallis Cameron White Balachandra Akhil Bharat Chipli K.P. Appanna Strategy for Revenue restructuring After seeing the balance sheet we can improve the revenue from three sources: 1. Team sponsor: First find somebody to sponsor the team. It helps to reduce the losses.

46 | P a g e C o r p o r a t e R e s t r u c t u r i n g 2. Gate receipts: Improve the stadium occupancy efficiently. 3. Marketing: Market the players like Shah Rukh Khan did to his team. 4. Strategic divestitures: Sell some the foreign players. Ex Abdul Razzak of Bangladesh, Mark Boucher of SA. If you can find a buyer to sell some of your International players then sell. By selling the players we will be fetching around US $ 200,000+ 120,000 + 450,000 + 62,500 = US $ 832,500 or (Rs. 3.663 Crores/year)

Appendix 1 Most runs scored in the whole Tournament by RCB players

47 | P a g e C o r p o r a t e R e s t r u c t u r i n g

Player

Mat

I nns

Ru ns

HS

Ave

BF

SR

4s

6s

48 | P a g e C o r p o r a t e R e s t r u c t u r i n g

R Dravid

14

14

371

75*

MV Boucher

10

10

225

50*

JH Kallis V Kohli

11 13

11 12

199 165

54 38

LRPL Taylor Misbah-ulHaq

4

4

149

53

8

8

117

47*

W Jaffer

6

6

115

50

CL White P Kumar

8 13

8 12

114 112

31* 34

SP Goswami

4

3

82

52

B Akhil Z Khan S Chanderpaul R Vinay Kumar J Arunkumar B Chipli DT Patil A Kumble AA Noffke SB Joshi DW Steyn Abdur Razzak

7 11

7 8

46 34

27* 17*

28.5 3 32.1 4 18.0 9 15 37.2 5 16.7 1 19.1 6 16.2 8 11.2 27.3 3 15.3 3 8.5

3

3

25

16

8 3 3 2 10 1 4 10 1

4 3 3 2 5 1 2 2 1

25 23 20 13 13 9 6 2 0

23 22 10 9 8 9 3 1* 0*

298

124.49

35

11

177

127.11

24

6

183 157

108.74 105.09

23 18

4 4

81

183.95

13

10

81

144.44

10

6

104

110.57

12

3

102 98

111.76 114.28

8 10

4 6

85

96.47

9

1

31 43

148.38 79.06

4 4

3 0

8.33

31

80.64

4

0

8.33 7.66 6.66 6.5 6.5 9 3 2 -

22 23 28 13 17 10 14 5 2

113.63 100 71.42 100 76.47 90 42.85 40 0

2 5 3 1 1 1 0 0 0

1 0 0 0 0 0 0 0 0

Appendix 2 Bowling Figures Player

Mat

O ver’ s

Mdns

Ru ns

Wk ts

BBI

Z Khan

11

42

0

357

13

3/38

P Kumar DW Steyn

13 10

44.4 38

1 0

366 252

11 10

3/23 3/27

A Kumble

10

38.2

0

304

7

3/14

Ave 27.4 6 33.2 7 25.2 43.4 2

Econ

SR

8.5

19.3

8.19 6.63

24.3 22.8

7.93

32.8

49 | P a g e C o r p o r a t e R e s t r u c t u r i n g R Vinay Kumar

8

23

0

182

5

3/27

JH Kallis V Kohli B Akhil AA Noffke SB Joshi CL White Abdur Razzak

11 13 7 1 4 8 1

34.2 7.4 17.2 4 9.1 1 2

0 0 0 0 0 0 0

311 61 134 40 82 24 29

4 2 2 1 1 0 0

2/39 2/25 2/17 1/40 1/27 -

36.4 77.7 5 30.5 67 40 82 -

7.91

27.6

9.05 7.95 7.73 10 8.94 24 14.5

51.5 23 52 24 55 -

Appendix 3 Royal Challengers Bangalore 2008 Season Royal Challengers Bangalore IPL Fixtures

No   1 2 3 4 5 6 7 8 9 10 11 12 13 14

Date   18-Apr 20-Apr 26-Apr 28-Apr 30-Apr 3-May 5-May 8-May 12-May 17-May 19-May 21-May 25-May 28-May

Opponent   Kolkata Knight Riders Mumbai Indians Rajasthan Royals Chennai Super Kings Delhi Daredevils Deccan Chargers Kings XI Punjab Kolkata Knight Riders Kings XI Punjab Rajasthan Royals Delhi Daredevils Chennai Super Kings Deccan Chargers Mumbai Indians

Venue   Bangalore Mumbai Bangalore Bangalore Delhi Bangalore Bangalore Kolkata Mohali Jaipur Bangalore Chennai Hyderabad Bangalore

Result   Lost by 140runs Won by five wickets, MoM – Mark Boucher – 39* (19) Lost by 7wickets Lost by 13runs Lost by 10runs Won by 3runs, MoM – Praveen Kumar – 3/23(4overs) Lost by 6wickets Lost by 5runs Lost by 9Wickets Lost by 65runs Lost by 5wickets, MoM – Shreevats Goswami – 52(42) Won by 14runs, MoM – Anil Kumble - 3/14(4overs) Won by 5wickets, MoM - Vinay Kumar - 3/27(4overs) Lost by 9wickets