Page 355 - IMDR JOURNAL 2023-24
P. 355

IMDR’s Journal of Management Development & Research 2023-24
              sports.  Among  the  top  11  most  profitable  professional  leagues  worldwide  are  five  association

              football leagues.


              1.3 The effect of professional sports leagues on India's global standing

              Professional sports worldwide have made a substantial contribution to raising the bar for several
              sports  over  time.  A  few  of  the  sports  are  boxing,  track  and  field  competitions  in  athletics,

              basketball,  baseball,  tennis,  and  cricket.  In  addition  to  having  a  large  audience,  television  helps

              professional leagues draw sponsors who are willing to fund events in exchange for the opportunity
              to  promote  their  goods  and  services  both  inside  stadiums  and  during  commercial  breaks.  Large

              sums of money also enable franchise owners develop scientific understanding about various sports
              disciplines, hire the  greatest  facilities and  coaches,  and purchase the best  athletic  goods. Higher

              salaries for players result  from  the significant  revenue flow  generated by  the sale of advertising
              rights and television programming,  It in turn draws certain players from all around the world to

              these professional leagues. Large financial resources also allow franchise owners to acquire the best

              sporting goods, hire the best instructors and facilities, and advance scientific knowledge of a variety
              of  sports  disciplines.  We  look  at  three  sports  that  may  be  the  most  popular  in  India:  kabaddi,

              hockey, and cricket, to understand professional leagues impact Indian sports.


              The Indian Premier League

              In 2008, the 20-20 Indian Premier League (IPL) was introduced, sparking an interest in professional
              sports in India. Twenty-20, 50 overs one day, and Test cricket are the three forms of contemporary

              international cricket that have been played. India has not been up to par in the usually biennial 20-
              20 World Cup since 2008. Even though they haven't won the 20/20 World Cup since 2007, they are

              presently ranked second out of 80 countries worldwide in the ICC rankings. India won the 2011 50-
              over one-day World Cup, and as a result, is currently placed third by the ICC out of 20 nations.

              India was ranked sixth in Test cricket in 2008.


              Hockey India League

              Hockey-wise, India has also been rising rapidly in the world rankings in recent years. To put things
              in  perspective,  Indian hockey players were the  best  in  the world  until  1964, when their ranking

              began to  fall. Sadly, the Hockey  India competition  ended in  2017. Despite this, the competition

              appears to have improved India's FIH ranking. The last time India won an Olympic medal was in
              Moscow in 1980, where they took home a gold medal after winning bronze in 1968 and 1972. As

              was previously mentioned, the Premier Hockey League (field hockey) was created by the Indian
              Hockey  Federation in  2005, three  years before  to  the start  of the  IPL.  Following  accusations  of

              corruption against the federation, the league was terminated in 2008. The Hockey India League was


                                                                                                               347
   350   351   352   353   354   355   356   357   358   359   360