American Premier League

American Premier League: The new Exotic Asset Class

IPL Cricket Teams: The New Asset Class

Few months back, I had posted the above post and shown that Why IPL Cricket teams are the new Asset classes? Owning an IPL Cricket team is exactly like owning any other asset class such as stocks, bonds, gold & real estate. It means that as long as you hold it, it will provide you a steady Income and when you decide to sell it, you will be benefited by Huge Capital Gains.

So after the great success of IPL-2, American Premiere League (APL) has been introduced in the country of Baseball.

APL has created 6 Assets (Cricket teams).

- Premium Americans,

- Premium Bangladeshis,

- Premium World,

- Premium Paks,

- Premium Indians &

- Premium Windies.

APL will start on 6th October 2009 and will be played twice a year. A large number of internation cricketers have already signed form tournament.

Controversy about APL -

- The American Premier League is a Twenty20 cricket league based in the United States of America. The league is scheduled to start on October 6, 2009 and is owned and promoted by Jay Mir. It is unsanctioned by the International Cricket Council, the sports world body, and as a result is regarded as a "rebel" league

- The American Premier League has been in contact with the USA Cricket Association but has not formally applied for approval. The International Cricket Council has issued a memo to member nations stating that the event is unapproved and warning nations not to released their players to the event.

In short, The American Premiere League is the highly controversial tournament. But if it somehow managed to complete its first tournament successfully, than all the 6 teams will be worth of millions of dollars. It means that Mr. Jay Mir has created new Assets (APL Cricket Teams) out of thin air only…!!!!

Success of APL means, there will be a long queue of Investors for investment in APL teams.

Financials of APL -

The inaugural series of the APL , which will take place twice a year, will be played out in New York from October 6 to 26 and the next one in April 2010 in Fort Lauderdale, Florida.

Like the IPL, the huge interest in the game has brought with it lucrative fees for the players.

The three South Africans have reportedly been offered two-year contracts with a payment of $50,000 per tournament, besides the money that bidders from the various franchises might spend and match money from the games. Players will also be contractually bound to participate in marketing campaigns across the US.

Bidding for the players in the APL sides will take place in the same way as that of the IPL, with players being sold to franchise holders with the highest offer.

Do you know anything more about the Financials of APL? Than comment on this post.