12:46 onwards is where they talk about the IPL venture.
Edit:
IPL:
Different way of looking at IPL. Huge value creation opportunity. Expect valuation of 2 billion in 5-7 years.
Economics have changed for the better since made the bid. Broadcast rights will go at significantly higher sums than was anticipated.
Investment in year 1 - 500 crores.
Years 2-6 - 250 crores a year
No further investment after.
This is less than 2000 crores for an IPL franchise.
Chennai Super Kings is valued at 7600 crores
Look trophies and vanity investments at 25/30. Only fools look at vanity investments at 60.