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1 | 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

Corporate Restructuring

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ContentsList 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 Bidders ............................................................................................................ 7

Sealed-Bid First Price Auction ..................................................................................7

Auction Strategies ...................................................................................................8

First-Price, Sealed Bid Strategy ...................................................... 11

The Franchises .................................................................. .............. 12

Players 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

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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= MatchesInns= InningsN/o=Not-OutHs = HighestAve = AverageBF = Balls FacedSR= Strike rate

Ct= CaughtWkts= WicketsBBI= Best Bowling In an InningsBBM= Best Bowling in a MatchEcon= Economy

List of Appendices

Appendix 1: Batting Figures of all the RCB players.Appendix 2: Bowling Figures of all the RCB players.

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Appendix 3: Royal Challengers Bangalore matches Results.

List of References

NewspapersTimes of IndiaEconomic Times

The MintThe Hindu

BooksGame theory by Roger A. McCain

Investment Banking by Pratap G SubramanyamFinancial Management by Dr.Prasanna Chandra

Tactics by Edward De BonoShakespeares Macbeth

Websites

www.Wikipedia.com, www.espnstar.com, www.Rediff.comwww.Royalchallengers.com

Acknowledgements

Thanks to Dr. Prasanna Chandra for creating such a wonderful Course in Financethrough his Certification Programme.

Thanks to Presh for introducing me into the most interesting field of Game theorythrough his blog.I look forward to receiving suggestions from the readers for further improving myknowledge.

INTRODUCTIONSports, 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 & Players. 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
http://www.wikipedia.com/http://www.espnstar.com/http://www.royalchallengers.com/http://www.wikipedia.com/http://www.espnstar.com/http://www.royalchallengers.com/

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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 ofsome of the players.It does not include all the players.

Part 4 Corporate restructuring: As the name suggests it contains the details of teamrestructuring & Revenue structuring. The revenue part is not discussed in details.

The aim of this Document is to improve my own understanding on the subject

ofAuctions, 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 structureof 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 matterThe 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 whowill 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 Franchise sale received much hype because it involved a clutch of high profilecorporate, 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 thetime of submitting the tender form the bidder has to pay US $5 Million asguarantee 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 BiddersThe Bidders applied for the following franchises:

Franchise Bidders

Bangalore Vijay Mallya, Anil AmbaniChennai India Cements, Anil Ambani

Delhi Mukesh Ambani, Shah Rukh Khan, DLF,fast-food bigge Nirulas, Videocon & Anil

AmbaniMumbai Mukesh Ambani, Anil Ambani, Shah Rukh

Khan, ICICI Ventures, Sahara Hospitality& Future Group

Kolkata Anil Ambani, Shah Rukh KhanChandigarh Anil Ambani, Shah Rukh Khan, fast-food

bigge Nirulas, Videocon,Preit ZintaJaipur Deutsche Bank, Anil Ambani, Shah Rukh

Khan, Emerging MediaHyderabad Anil Ambani, GMR group & Deccan

Chronicle

The three eligible bidders who failed to win ownership rights to a franchise wereDeutsche Bank, Anil Ambani's Emerald Telecom Services and construction majorDLF.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 wordson the auction type.

Sealed-bid auction

Definition: An auction in which the bids are submitted simultaneously, so that noone bidder knowns what the other bidders have bid is called a sealed bid.

4 Reserve Price: the minimum price the seller would accept.

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A sealed-bid format has two distinct parts--a bidding period in which participantssubmit their bids, and a resolution phase in which the bids are opened and thewinner 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 theprice the buyer pays is the second highest price bid.

Multiple rounds: Sealed bid auctions can also be conducted with multipleround.

Auction StrategiesThe auction strategy is a very complex process because it involves numerousvariables.

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 otherbidders?

All of these factors play an important role in framing the auction strategy.

From a Sellers PerspectiveIn any auction a seller can influence results by revealing information about theobject.So a seller's optimal strategy is to reveal information and to link the final price tooutside indicators of value. This was done by IPL Chairman Lalit Modi on Jan 15th by

revealing the Media rights.

From a Bidder's PerspectiveA 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 orrich, rapidly ageing men and is happy to be called the Richard Branson ofIndia 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 aRisk-Averse. Since Vijay Mallay is risk-averse (meaning he absolutely requires theitem being auctioned) tends to bid higher so that he will have a greater chance ofvictory.

The auction is for single item, which is Bangalore franchise.The bidder acquired the item for his use.

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The bidder has the following information about the item & the other bidder which isAnil Ambani.Once the bidder gets to know the amount of Media rights (because it represents theMajor part of the Franchise revenue) sold. He can alter his bid.As per the media reports, Vijay Mallay was the sole runner for BangaloreFranchise.

The Media rights were sold at Rs.4000 Crore or US $1.026 billion. If we split-up therevenue as per the revenue sharing system.Assuming only 8 teams are going to play in the next 10 years.

Years

Media(RS. InCrore)

BCCI(RS. InCrore)

Remaining

(RS. InCrore)

IPLTournament (RS. In

Crore)

Remaining (RS.

InCrore)

Franchise (RS.

InCrore)

1 INR410.40

INR 82 INR 328 INR 26 INR 302 INR 38

2 INR410.40


3 INR410.40


4 INR410.40


5 INR410.40


6 INR410.40

INR164

INR 246 INR 15 INR 231 INR 29

7 INR410.40

INR164


8 INR

410.40

INR

164


9INR

410.40INR164 INR 246 INR 15 INR 231 INR 29

10INR


INR

1,231 Total 333

After 5 successful IPL tournaments the BCCI can include another 4 more Franchises.In that case the media revenue is shown below.

Year

s Media BCCI

Remain

ing

IPLTourname

nt

Remaini

ng

Franchi

se

1INR

410.40 INR 82 INR 328 INR 26 INR 302 INR 38

2INR


3INR

410.40 INR 82 INR 328 INR 26 INR 302 INR 384 INR INR 82 INR 328 INR 26 INR 302 INR 38

Information available to Vijay Mallay before submitting his bid is:Date of issuing application starts from December last week of

07.Last Date for submitting the application is Jan 23rd08.Media rights were announced on Jan 15th 08 for whopping US$1.026 billion.The other bidder Anil Ambani was more interested in winningMumbai Franchise rather than Bangalore Franchise.The revenue sharing model for first 5 years was 20(BCCI):72(8Franchise):8(IPL tournament)The revenue for from year 6 to 10 is 40:54:6

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410.40

5INR


6INR


7INR


8INR


9INR


10INR


INR

1,231 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. 60Crore or US $15 million for another ten years.

These assumptions will hold well only if these 8 teams play for next 10 years. ButIPL Chairman already told that he will include some more teams after 5 years ofsuccessful completion of IPL tournament.The overall revenue expected from the Central & local revenue will bearound Rs.400 Crore to Rs. 450 Crore (i.e. US $100 million to US $112million) 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 $ 100to $ 112 million).So the minimum bid to buy the franchise is US $ 75 Mn or US $ 84 Mn. Butnot more than US $ 90 Mn, if the bidder bids more than US $ 90 Mn thechances of making profit will be a herculean task.

Vijay Mallay Calculated Franchise Fees based only on Revenues, Mediarights 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 theexpenses.If he had considered the expenses (i.e. Franchise fees+ players costs + Admin+ event

Mgmt+ Stadium)

I.e. US $ 12 Mn (Franchise Fee) + 5(Players Cost) + 5(assuming Admin+ event Mgmt+

Stadium) = US $ 22 Mn/year.

Players cost will be increasing every 3 years.

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"We are not looking at

making money. But

revenues will be in

excess of costs," said

Vijay Rekhi, president of

United Spirits, the spirits

company of the UB

Group.


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 IPLbalance sheet

1. Revenue(Rs in Crore) 2. Expenses Total

A .Media Rights = 35 A .Franchise Fee = 48 Revenue Expenses =B .Team Sponsor = 0 B .Team Expenses = 22 45 88 =(43)C. Gate Receipts = 10 C .Ads/ Admin = 18 Net Loss of Rs.43 Cr Or

US $11 Mn.Total (A + B + C )= 45 Total (A+ B+C)= 88

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 samedistribution function to estimate valuations). It assumes bidders all focus onmaximizing profits and that only one item is being auctioned.

2. Estimate the Cost of your competitor: Paul Milgrom describes a strategyfor contract bidding. "To make money in competitive bidding, you will need tomark up your bids twice: once to correct for the underestimation of costs onthe projects you win and a second time to include a margin for profit. Don'tlet the presence of several competing bidders push you into making tooaggressive a bid. The markup to adjust for underestimation will have to belarger the larger the number of your competitors and the more you respectthe accuracy of their cost estimation; you may, however, want to make theprofit markup smaller when there are more competitors.

3. Do not use naive bidding strategy: The most important lessons to belearned from both the theory and the experiments are that the returns inbidding come from cost and information advantages, that naive bidding

strategies can squander these advantages, and that bidders without someadvantage have little hope of earning much profit, but could with a little bit ofcarelessness suffer large losses."

4. Irrational: Try to be as much rational &participate in the auction because to avoidthe Winners Curse. To avoid Winnerscurse try to bid lesser than your rivals.

5. It is worth understanding the rules of anauction thoroughly.

First-Price, Sealed Bid Strategy

It is difficult to specify a single strategy becausea profit-maximizing bid depends upon the actionsof others. The tradeoff is between bidding highand winning more often and bidding low andbenefiting more if the bid wins (bigger profitmargin).

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

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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 toown the teams. The owners are given below:

Franchise Owners Price (USD)Mumbai Mukesh Ambani $111.9 Mn

Bangalore Vijay Mallay & UB group $111.6 MnHyderabad Deccan Chronicle $107 Mn

Chennai India Cements & Srinivas $ 91 MnDelhi GMR Holdings $ 84 Mn

Punjab Preity Zinta $ 76 MnKolkata Shah Rukh Khan $ 75.09 Mn

Rajasthan Emerging Media $ 67 Mn

Players 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 players auction.3. For each player, the following information will be included: name, nationality,

specialism, base player fee, and expected "percentage availability" for the2008 DLF IPL season.

4. Within the sets, the order that players will be presented for auction will bedetermined 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 perFranchise).

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 anyperiods 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 inthat Franchises 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 completelyunavailable in 2008, will cause a deduction of $100,000 from the Franchisesoverall $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 willincrease 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.

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12.Every year, players can be traded from one team to another in February on afree market basis. The IPL will not be involved in this and it will be confined tothe 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 $10,000Bids from $250,000 to $500,000 increments of $25,000Bids in excess of $500,000 increments at the auctioneers discretion.

English Strategy

In a private-value English auction, a player's best strategy is to bid a small amountmore than the previous high bid until he reaches his valuation and then stop. This isoptimal because he always wants to buy an object if the price is less than its valueto 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 priorestimate of the other players' valuations, and (3) the past bids of other players. Hisbid can be updated as information changes.

Vijay Mallay, Rahul Dravid & Charu Sharma participated in the players 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 Trophyand 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.
http://www.indiantelevision.com/headlines/y2k8/feb/feb257.phphttp://www.indiantelevision.com/headlines/y2k8/feb/feb257.php

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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

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Current squad

BATSMENSl.No

No Name Age Nationality

Batting

style

Bowling/Fielding

Biddingamount

(US $)

Basefee

1 19 RahulDravid

35 India Right-handed

Right-arm off-break /Wicketkeeper

1,035,000

950,000

2 06 ShivnarineChanderpaul

33 WestIndies

Left-handed

Right-armleg-break

200,000 200,000

3 7 WasimJaffer


Right-arm off- 150,000 150,000

4 22 Misbah-ul-Haq 33 Pakistan Right-handed

Right-arm legbreak 125,000 100,000

5 21 RossTaylor

24 NewZealand

Right-handed

Right-arm offbreak

100,000 100,000

6 14 JagadeeshArunkumar


Right-arm off-breakKarnataka -Ranji Trophy

50,000 50,000

7 K.P.Appanna

19 India Right-hande

d

Left-armorthodox spin

Karnataka -Ranji Trophy

50,000 50,000

8 27 BharatChipli


Right-armmediumKarnataka -Ranji Trophy

50,000 50,000

Wicket Keepers & All-rounder

SlNo


BattingStyle

Bowling/Fielding

Biddingamount(US $)

Basefee

1 9 Mark

Boucher

31 South

Africa

Right-

handed

Wicket

keeper

450,000 200,00

0

2 36 ShreevatsGoswami

18 India Left-handed

WicketkeeperIndia -Under-19Team Player

30,000 30,000

3 8 Praveen 21 India Right- Right-arm 300,000 200,00

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Kumar handed

medium-fast 0

4 66 DevrajPatil


WicketkeeperKarnataka -Ranji Trophy

50,000 50,000

5 3 JacquesKallis

32 SouthAfrica

Right-handed

Right-armfast-medium

900,000 2,25,000

6 18 CameronWhite

24 Australia Right-handed

Leg-breakgoogly

500,000 100,000

7 77 Balachandra Akhil


Right-armmedium-fastKarnataka -Ranji Trophy

50,000 50,000

8 5 ViratKohli


Right-armmediumIndia -Under-19Team Player

300,000 30,000

9 29 AshleyNoffke


Right-armmedium-fast

62,500 30,000

BOWLERS

SlNo


Batting

Style

Bowling/Fielding

Biddingamount

(US $)

BaseFee

1 10 AnilKumble


Leg-breakgoogly

500,000 250000

2 34 ZaheerKhan


Left-armmedium-fast

450000 200000

3 13 NathanBracken


Left-arm fast-medium

325000 2250000

4 2 DaleSteyn

24 SouthAfrica

Right-hande

d

Right-armfast

325000 150000

5 24 SunilJoshi

38 India Left-handed

Left-armorthodox spinKarnataka -Ranji TrophyPlayer

50,000 50,000

6 41 AbdurRazzak

25 Bangladesh

Left-hande

Left-armorthodox spin

120,000 50,000

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d7 23 Rangan

athVinayKumar


Right-armmedium-fastKarnataka -RanjiTrophy

Player

50,000 50,000

8 N.S.C.Aiyappa


Right-armmediumKarnataka -Ranji TrophyPlayer

50,000 50,000

Administration and coaching staffFront 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 aTest team. But I backed both of them thinking that they advisedme 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 ownTeam".

"When Rahul Dravid was not present in the second auction, Iwanted to acquire some players but Charu Sharma was very

-

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Quote by Dravid on Team

Selection

We have a good all-round 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

dont have star value orquality 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 HinduNewspaper

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

cant 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 theInaugural IPL Season. The reason for collapse

was cited as:

Team Composition

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

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.

Shakespeares Macbeth, Act 1, Scene 4

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"We have tried all strategies, but this team is too old

and too slow."

Martin Crowe


There is no one or particular area that deserves more blame than anyoneelse. 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 groundwere poor - we got the worst practice facilities that I have ever seen in 25years of international cricket, so preparing was even harder."

Solution given by Martin Crowe"I think you have to go in with a clean sheet and look at bringing players that wouldbe suitable for IPL. Get as many new Twenty20 recruits as possible,"

Analysis of Team CompositionThe official rules for the tournament are here. Some of the Team composition rulesare:

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 batsmens, 5blowers &a wicket keeper).

5(Batsmens) +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-rounders) +9(Batsmans) +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 andServices) +U-19 Team.

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Applying the above criteria to the Royal Challengers team, it consists of:

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. Names of famous players.2. Selection criteria for each player.3. Find winning talent for pennies or Money ball Concept.4. Fundamental Analysis

Names of Famous playersUnder this selection process the Captain or Franchise owner will be choosing theplayers based on there names like Hayden, Gibbs who are famous internationally. Inthis process the players will not be scanned based on there performance i.e.batting, bowling & fielding averages. Vijay Mallay had actually thought of thisconcept 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 butnot 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.

You can play only four overseas players in a match, so whats the

point in buying eight? Vijay Mallya.

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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 badpublicity by joining RCB team.

Criteria for selecting Catchment area & Under-22The 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.

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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 2Years. This shows that there desire to play for the country.

Money ball ConceptThis 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 NOTCONCENTRATING 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 totheir mould. But with the aid of use.Macbeth, Act 1 Scene 3

Lest our old robes sit easier than our new onesMacbeth, Act 2, Scene 3

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Fundamental AnalysisBasically this concept is taken from the Stock Selection Criteria used in Financefield. Stock selection criteria is a strategy in which an analyst or investor uses asystematic form of analysis to determine if a particular stock constitutes a goodinvestment 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 tolimiting risk to acceptable levels.

Here in this context, the objective of using this concept is to maximizing total returnon 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 difficultand complex endeavor because there is no foolproof method for reliablyforecasting a players (stocks) future price movements or playersperformance. However, by carefully examining numerous factors, an investoror captain may get a better sense of future stock prices or player

performance than by relying on unsubstantiated speculation. The analyticalcomponents that are most commonly utilized by equity investors or Teamcaptain in a suggested stock selection or player selection approach includethe following criteria:

Sector Analysis: Since cricket consists of four departments i.e.batting, bowling, wicket keeping & all-rounder. This componentinvolves identification and analysis of all departments that are likely toexhibit relatively superior performance results during the whole series.

Quantitative Cumulative Value Analysis: This method considerspast records of the players.

2. Composite Score: This concept is used to compare the players in the samesector 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 aparticular player or department. They are mentioned below:

Rules of Thumb for Batsmen

Batting Average: Batting average is the total number of runs he has scoreddivided by the number of times he has been out. If the batting average is below 30, its AVERAGE. If the batting average is between 30 & 40, then its is GOOD. If the batting average is above 40, then its EXPECTIONAL.

Strike Rate: Batting strike rate is a measure of how frequently a batsmanachieves the primary goal of batting, namely scoring runs. Batting strike rateis defined for a batsman as the average number of runs scored per 100 ballsfaced. If the strike rate is below 50, then its AVERAGE. If the strike rate is between 50 to 80, then its GOOD. If the strike rate is more than 100, then its EXPECTIONAL.

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

Rules of Thumb for Bowlers

Bowling average: A bowler's bowling average is defined as the totalnumber of runs conceded by the bowler divided by the number of wicketstaken by the bowler.

Strike Rate: Bowling strike rate is a measure of how frequently a bowlerachieves the primary goal of bowling, namely taking wickets. Bowling strikerate is defined for a bowler as the average number of balls bowled per wickettaken. The lower the strike rate, the more effective a bowler is.

Economy Rate: Economy Rate (Econ): The average number of runsconceded per over.(Econ = Runs/overs bowled).

Rule of Thumb for Wicket-keeper

Same as Batsman

Rules of Thumb for All-Rounder

There are three types of all-rounders batting all-rounder, bowling all-rounder&wkt-keeping all-rounder.All-rounder is someone whos batting or bowling skills, considered alone, would begood enough to win them a place on the team.One commonly used statistical rule of thumb is that the batting average of an all-rounder (the higher the better) should be greater than the bowling average (thelower the better).

Note: Not all the players analysis has not been done.

Team Players-Brief Introduction9

Rahul DravidIndiaCurrent age 35 years 147 daysNickname The Wall

9 IPL+ROYAL CHANLLENGERS WEBPAGE

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Batting style Right-hand batBowling style Right-arm off breakFielding position Occasional wicketkeeperStrength & 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 HS Ave BF SR 100 50 4s 6s Ct St

ODIs 333 308 40 10585 153 39.49 14862 71.22 12 81 930 40 193 1

Tw20 2 2 0 55 54 27.5 43 127.9 0 1 9 0 0 0

Bowling averages

Mth Inns Balls Runs Wkts BBI BBM Ave Econ SR 4w 5w 10

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 ChanderpaulWest IndiesCurrent age 33 years 295 daysPlaying role BatsmanBatting style Left-hand bat

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Bowling style Leg breakStrength & 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


Mth Inns N/o Runs Hs Ave BF SR 100 50s 4s 6s Ct St

ODIs 229 215 31 7291 150 39.62 10368 70.32 8 49 628 71 64 0

Tw20 6 6 1 133 41 26.6 130 102.3 0 0 12 2 4 0

Twenty20 8 8 1 163 41 23.28 167 97.6 0 0 15 2 6 0

Bowling averages


ODIs 229 28 740 636 14 3/18 3/18 45.42 5.15 52.8 0 0 0

Tw20 6 - - - - - - - - - - - -

Twenty20 8 - - - - - - - - - - - -

Analysis:On an average Chanderpaul scores 2 to 3 fours & 0 sixes per match.His batting average is 40.4 which qualify him as specialist batsmen.His strike rate & average in T20s is not good.

Wasim JafferIndia

Current age 30 years 111 daysBatting style Right-hand batBowling style Right-arm off break

Strength & Achievements

Jaffer, a right-handed opening batsman who bowls off breaks, is known for histechnical finesse with a remarkable talent to play gorgeous shots without hitting theball in the air. Following a prolific school career, during which he scored 400 not-out

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in one innings as a 15-year-old, he made his entry into first class cricket scoring atriple century in his second match for Mumbai. Jaffer scored his maiden Testhundred against England at Nagpur and he made his first Test double century at theAntigua Recreation Ground against the West Indies in June 2006. A prolific runscorer in the domestic one-day circuit, he is now all geared up for the IPL 20:20bash.

Averages



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

Bowling averages


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-HaqPakistanCurrent age 34 years 9 daysBatting style Right-hand batBowling style Leg breakStrength & 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 vice-

captain of the Pakistan team.

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Averages



ODIs 27 25 5 727 55* 36.35 934 77.83 0 3 53 12 11 0

T20Is 9 9 4 251 66* 50.2 197 127.41 0 2 20 10 2 0Twenty20 22 19 7 596 107* 49.66 456 130.7 1 4 49 21 8 0

Bowling averages


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 TaylorNew ZealandCurrent age 24 years 90 daysBatting style Right-hand batBowling style Right-arm off breakStrength & Achievements:

Captained the New Zealand Under-19 side in the youth internationals where hescored 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



ODIs 38 34 6 996 128* 35.57 1211 82.24 2 4 98 19 22 0

Tw20 12 11 1 171 62 17.1 135 126.66 0 1 8 10 11 0

Twenty20 20 19 2 547 111* 32.17 311 175.88 1 2 42 35 14 0

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Bowling averages


ODIs 381 2 18 18 0 - - - 6 - 0 0 0

Tw20 12 - - - - - - - - - - - -

Twenty20 20 6 108 163 7 3/28 3/28 23.28 9.05- 15.4 0 0 0

Analysis:A very good all-rounder. A clean striker of the ball (SR: 82.24).He scores most of his runs by boundaries.

Jagadeesh ArunkumarIndiaCurrent age 33 years 140 daysBatting style Right-hand batBowling style Right-arm off breakStrength & 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



ODIs 100 99 4 3227 154* 33.96 - - 7 19 - - 21 0

Tw20 4 4 0 56 31 14 55 101.81 0 0 8 1 0 0

Bowling averages


ODIs 100 - 238 215 7 2/35 2/35 30.71 5.42 34 0 0 0

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 Nationalselectors.

Bharat ChipliIndiaCurrent age 25 years 131 daysBatting style Right-hand batBowling style Right-arm medium

Averages

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First-class

13 21 2 750 135* 39.47 1131 66.31 2 3 104 9 11 0

List A 18 18 2 548 109* 34.25 - - 3 1 0 0 4 0

Bowling averages


First-class

13 4 126 46 0 - - - 2.19 - 0 0 0

List A 18 4 84 55 3 1/12 18.33 11.5 3.92 28 0 0 0

Analysis:Selected as batsmen for the RCB team based on the List A strike rate. On anaverage 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 Nationalselectors.

Mark BoucherSouth AfricaCurrent age 31 years 186 daysBatting style Right-hand batBowling style Right-arm mediumFielding position WicketkeeperStrength & 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


ODIs 263 193 48 4203 147* 28.98 4996 84.12 1 25 320 73 368 18

T20Is 9 7 0 134 36 19.14 149 89.93 0 0 14 0 9 0

Twenty20 16 14 3 317 57* 28.81 319 99.37 0 1 25 6 14 2

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Bowling averages


ODIs 263 - - - - - - - - - - - -

T20Is 9 - - - - - - - - - - - -

Twenty20 16 - - - - - - - - - - - -

Analysis:Selected has a wicket keeping batsmen. For wkt/batsmen the average should bemore than 30 but his average is 28.98 which are not up to the level.

Shreevats GoswamiIndiaCurrent age 19 years 19 daysBatting style Left-hand bat

Fielding position WicketkeeperStrength & Achievements:A new and exciting prospect from the U-19 team, Goswami is a left-handed batsmanand wicketkeeper. He plays domestic cricket for U-19 Bengal team. During the U-19tri-nation series in South Africa in January 2008, he scored 97 against South Africaand 104 against Bangladesh. In the U-19 World Cup in Malaysia earlier this year, hescored 58 in one of the league matches and 51 in the semi-final against NewZealand. He is a talented youngster with a bright future.

Mat Inns NO Runs HS Ave BF SR 100 50 4s 6s Ct St

List A 3 3 0 77 48 25.66 152 50.65 0 0 9 0 0 0

Twenty20 4 3 0 82 52 27.33 85 96.47 0 1 9 1 2 2

Mat Inns Balls Runs Wkts BBI BBM Ave Econ SR 4w 5w 10List A 3 - - - - - - - - - - - -

Twenty20 4 - - - - - - - - - - - -


Bowling averages

Devraj PatilIndiaCurrent age 23 years 183 daysBatting style Right-hand batFielding position Wicketkeeper

Averages



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 24 189 114.28 0 0 27 2 5 2

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Bowling averages


First Class 2 - - - - - - - - - - - - List A 10 - - - - - - - - - - - -

Twenty20 9 - - - - - - - - - - - -

Jacques KallisSouth AfricaCurrent age 32 years 234 daysBatting style Right-hand batBowling style Right-arm fast-mediumStrength & 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 andpouch 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, highestODI 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



ODIs 274 260 49 9541 139 45.21 13371 71.35 16 65 745 114 101 0

T20Is 3 3 0 39 20 13 36 108.33 0 0 3 2 2 0

Twenty20 7 7 1 179 50 29.83 168 106.54 0 1 18 5 4 0

Bowling averages


ODIs 274 241 9388 7536 239 5/30 5/30 31.53 4.81 39.2 2 2 0

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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 WhiteAustralia

Current age 24 years 293 daysNickname Whitey, BearBatting style Right-hand batBowling style Leg break googlyStrength & 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 withthe Australia A team in September 2005, White was selected to play in the

Chappell-Hadlee Trophy matches against New Zealand in December 2005.

Averages



ODIs 16 10 3 157 45 22.42 135 116.29 0 0 7 9 5 0

Tw20 1 1 1 40 40* - 20 200 0 0 1 4 2 0

Twenty20 26 26 6 878 141* 43.9 546 160.8 2 5 62 49 11 0

Bowling averages


ODIs 16 10 174 201 4 1/5 1/5 50.25 6.93 43.5 0 0 0

Tw20 1 1 12 11 1 1/11 1/11 11 5.5 12 0 0 0

Twenty20 26 18 268 373 17 3/8 3/8 21.94 8.35 15.7 0 0 0

Sunil JoshiIndiaCurrent age 38 years 0 daysBatting style Left-hand batBowling style slow left-arm orthodoxStrength & 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

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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



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* 12.5 28 89.28 0 0 1 0 2 0

Bowling averages


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 6 120 141 6 2/11 2/11 23.5 7.05 20 0 0 0

Balachandra AkhilIndia

Current age 30 years 243 daysBatting style Right-hand batBowling style Right-arm medium-fast

Averages



List A 63 51 6 1302 91 28.93 0 8 32 0

Twenty20 9 9 2 167 35 23.85 111 150.45 0 0 19 3 3 0

Bowling averages


List A 63 2443 1780 53 4/31 33.58 4.37 46 46 1 0 0

Twenty20 9 9 197 197 10 3/16 3/16 19.7 6 19.7 0 0 0

Virat Kohli

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IndiaCurrent age 19 years 214 daysPlaying role Lower middle order batsmanBatting style Right-hand batBowling style Right-arm mediumStrength & Achievements:

This stylish right hander was the captain of the Indian cricket team that won the2008 U/19 Cricket World Cup tournament in Malaysia. A super cool, level-headed all-

rounder, 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 Indias unbeaten campaign in Malaysia.

Averages



ODIs 11 17 3 630 169 45 1413 44.58 2 1 91 2 7 0

Tw20 4 3 0 70 40 23.33 96 72.91 0 0 3 2 1 0

Twenty20 5 5 0 179 76 35.8 136 131.61 0 1 17 3 3 0

Bowling averages


ODIs 11 1 12 15 0 - - - 7.5 - 0 0 0

Tw20 4 - - - - - - - - - - - -

Twenty20 5 - - - - - - - - - - - -

Praveen KumarIndiaCurrent age 21 years 248 daysPlaying role BowlerBatting style Right-hand batBowling style Right-arm mediumStrength & 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 andaggressive pinch hitter.

Averages



ODIs 5 3 0 25 12 8.33 28 89.28 0 0 2 0 2 0

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Tw20 1 1 0 6 6 6 10 60 0 0 0 0 0 0

List A 41 38 1 879 64 23.75 826 106.41 0 4 - - 6 0

Twenty20 5 5 1 113 76* 28.25 86 131.39 0 1 13 2 0 0

Bowling averagesMth Inns Balls Runs Wkts BBI BBM Ave Econ SR 4w 5w 10

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 84 6 2/5 2/5 14 4.84 17.3 0 0 0

Anil Kumble

IndiaCurrent age 37 years 233 daysBatting style Right-hand batBowling style Leg break googlyStrength & 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



ODIs 271 136 47 938 26 10.53 1536 61.06 0 0 57 6 85 0

Tw20 2 1 0 8 8 8 7 114.28 0 0 0 0 0 0

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Bowling averages


ODIs 271 265 14496 10412 337 6/12 6/12 30.89 4.3 43 8 2 0

Tw20 2 2 47 46 4 2/20 2/20 11.5 5.87 11.7 0 0 0

Zaheer KhanIndiaCurrent age 29 years 243 daysBatting style Right-hand batBowling style Left-arm fast-mediumStrength & 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



ODIs 271 136 47 938 26 10.53 1536 61.06 0 0 57 6 85 0

Tw20 2 1 0 8 8 8 7 114.28 0 0 0 0 0 0

Twenty20 10 7 3 56 26 14 56 100 0 0 6 0 3 0

Bowling averages


ODIs 144 142 7213 10412 5910 201 5/42 5/42 29.4 35.8 6 1 0

Tw20 1 1 24 15 2 2/15 2/15 7.5 3.75 12 0 0 0

Twenty20 10 10 228 265 9 2/15 2/15 29.44 6.97 25.3 0 0 0

Dale Willem SteynSouth AfricaCurrent age 24 years 345 daysBatting style Right-hand batBowling style Right-arm fastStrength & Achievements:

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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



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

Bowling averages


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 5.2 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

Nathan Wade BrackenAustralia

Current age 30 years 268 daysPlaying role BowlerBatting style Right-hand batBowling style Left-arm fast-mediumStrength & Achievements:A tall, left-arm fast-medium bowler, Bracken has represented Australia in all formsof the game and remains a regular fixture in the Australian ODI and T20International teams. A New South Welshman in Australian domestic cricket, heplayed for Gloucestershire in 2004 in English county cricket. He was the Man-of-the-Series in the recently concluded tri-series in Australia involving India and Sri Lanka.

Averages

Batting and fielding averagesMth 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

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Bowling averages


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

Abdur RazzakBangladeshCurrent age 25 years 357 daysBatting style Left-hand batBowling style Slow left-arm orthodox

Averages



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

Bowling averages


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

Vinay KumarIndiaCurrent age 24 years 115 daysBatting style Right-hand batBowling style Right-arm medium

Averages



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 37 191.89 0 0 4 5 1 0

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Bowling averages


First-class 34 0 6507 3092 8125 - 6/3 24.73 2.85 52 4 7 1

List A 28 1403 998 49 4/24 4/24 20.36 4.26 28.6 3 0 0

Twenty20 7 7 155 186 9 3/31 3/31 20.66 7.2 17.2 0 0 0

KP AppannaIndiaCurrent age 19 years 169 daysBatting style Right-hand bat

Averages



List A 4 2 2 2 1* - 0 0 0Twenty20 3 1 1 9 9* - 3 300 0 0 2 0 0 0

Bowling averages


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

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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

Shakespeare to Vijay Mallay:

These are the deeds must not be thought after these ways; so, it

will make us mad.

Macbeth

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1. Split-up of an existing companys 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 (Mergers & 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 nurturedwith a strategic sale in mind.

Overview of corporate restructuring

The term corporate restructuring connotes the entire process of through which anexisting 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 itsprocess.Divisional restructuring refers to setting up separate divisions within the samecompany for a better operational control & accountability.Financial restructuring entails a change in the capital structure.

Royal challengers team need to be restructured in two ways one is Peoplerestructure (Operational & Divisional) & another is Revenue (Financial)

restructure.

Strategies for people restructure10

A team is a mosaic--- Charles Williams

10 Taken from Edward De Bonos book Tactics.

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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 requiredChris Bonington

Step 1: First find the Gap

First of all you have to reorganize that you want somebody is particular situationthat is terribly important. Having identified the gap you have to identify in yourmind 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 dedicationbecause people who are very, very enthusiastic about ideas are dedicated togetting 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 theneed for catalyst in a team; its brings sensitive to the way individuals react toanother, how they complement one another.

Team Motivation

Use people wisely

Display a sense of involvement

You dont have to be liked: A leader should not need to be loved but shouldbehave in such a manner that he or she is loved.

Communicate goals

Offering the carrots: Rewards are powerful way of producing change throughsubject 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 & all-rounder. 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 berecruited for the next 2 years. Since every players contract will expire after 3 years.New recruitment should happen after 2 years.

Foreign Player Catchment Area Below 22 Years1. Jacques Kallis 1. Rahul Dravid 1. Virat Kohli2. Cameron White 2. Wasim Jaffer 2. Shreevats

Goswami

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3. Ashley Noffke 3. JagadeeshArunkumar

3. Praveen Kumar

4. Nathan Bracken 4. Bharat Chipli 4. K.P. Appanna5. Dale Steyn 5. Devraj Patil6. Mark Boucher 6. Balachandra

Akhil7. Misbah-ul-Haq 7. Anil Kumble8. Ross Taylor 8. Zaheer Khan9. Shivnarine

Chanderpaul9. Sunil Joshi

10.Abdur Razzak 10.Ranganath VinayKumar

11.N.S.C. Aiyappa

No restructuring should be done for below 22 years age group as per theformat.

Restructuring for Catchment Area playersSince we can not sell the catchment area players we can use them as our benchstrength.

The following players should be divested, they are:Should be Divested Hold

Wasim JafferReason : Age & less one day matchexperience

Rahul Dravid

Devraj PatilReason: Team has already has toomuch of wicket keepers.

Anil Kumble

Sunil Joshi

Reason: Age & already retired fromall forms of cricket.

Zaheer Khan

N.S.C. AiyappaReason: Too many players in theteam.

Balachandra Akhil

Jagadeesh ArunkumarReason: Too many players in theteam.

Ranganath Vinay Kumar

Bharat Chipli

Restructuring for foreign playersSince 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 HoldShivnarine ChanderpaulReason: Since he plays at No.3 thisspot can be filled up by either Kallisor Ross Taylor

Jacques Kallis

Abdur Razzak Cameron White

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Reason: Less scope for spinner.Another reason is Anil Kumblespresence & experience.Mark BoucherReason: Too many wicket keepers.

Nathan Bracken

Ashley NoffkeReason: He was selected as all-rounder. But this place can bereplaced by White or Misbah.

Dale Steyn

Misbah-ul-HaqRoss Taylor

After restructuring the RCB team will look like this.Foreign Players Catchment Area Under- 22

1. Jacques Kallis 1. Rahul Dravid 1. Virat Kohli2. Cameron White 2. Anil Kumble 2. Shreevats Goswami3. Nathan Bracken 3. Zaheer Khan 3. Praveen Kumar

4. Dale Steyn 4. Balachandra Akhil 4. K.P. Appanna5. Misbah-ul-Haq 5. Ranganath VinayKumar

6. Ross Taylor 6. Bharat Chipli

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

Batsmen Bowlers Wkt/Batsmen All-rounderRahul Dravid Anil Kumble Shreevats

GoswamiVirat Kohli

Ross Taylor Zaheer Khan Praveen Kumar

Misbah-ul-Haq Dale SteynRanganath VinayKumar

Nathan Bracken

Players on Bench

BenchPlayers

Jacques KallisCameronWhiteBalachandra

AkhilBharat ChipliK.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.

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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 yourInternational 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

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Player MatI

nnsRuns

HS Ave BF SR 4s 6s

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R Dravid 14 14 371 75*28.5

3 298 124.49 35 11

MV Boucher 10 10 225 50*32.1

4 177 127.11 24 6

JH Kallis 11 11 199 5418.0

9 183 108.74 23 4

V Kohli 13 12 165 38 15 157 105.09 18 4

LRPL Taylor 4 4 149 5337.2

5 81 183.95 13 10Misbah-ul-

Haq 8 8 117 47*16.7

1 81 144.44 10 6

W Jaffer 6 6 115 5019.1

6 104 110.57 12 3

CL White 8 8 114 31*16.2

8 102 111.76 8 4

P Kumar 13 12 112 34 11.2 98 114.28 10 6

SP Goswami 4 3 82 52

27.3

3 85 96.47 9 1

B Akhil 7 7 46 27*15.3

3 31 148.38 4 3

Z Khan 11 8 34 17* 8.5 43 79.06 4 0S

Chanderpaul 3 3 25 16 8.33 31 80.64 4 0R VinayKumar 8 4 25 23 8.33 22 113.63 2 1

J Arunkumar 3 3 23 22 7.66 23 100 5 0

B Chipli 3 3 20 10 6.66 28 71.42 3 0

DT Patil 2 2 13 9 6.5 13 100 1 0

A Kumble 10 5 13 8 6.5 17 76.47 1 0AA Noffke 1 1 9 9 9 10 90 1 0

SB Joshi 4 2 6 3 3 14 42.85 0 0

DW Steyn 10 2 2 1* 2 5 40 0 0

Abdur Razzak 1 1 0 0* - 2 0 0 0

Appendix 2

Bowling Figures

Player MatO

ver

s

MdnsRuns

Wkts

BBI Ave Econ SR

Z Khan 11 42 0 357 13 3/3827.4

6 8.5 19.3

P Kumar 13 44.4 1 366 11 3/2333.2

7 8.19 24.3

DW Steyn 10 38 0 252 10 3/27 25.2 6.63 22.8

A Kumble 10 38.2 0 304 7 3/1443.4

2 7.93 32.8
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