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India wins the ICC Twenty 20 world cup at South Africa – 2007 – Congratulations!

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ICC Twenty 20 logo (Source: http://www.icc-cricket.com/icc/events/twenty20/)

So, India emerge as the champions of the ICC Twenty 20 world cup 2007! What an enthralling series this has been and am proud to say I have seen genuine good cricket being played by our Indian cricketers (in the absence of the senior players such as Sachin Tendulkar, Saurav Ganguly and Rahul Dravid).

Mahendra Singh Dhoni and his men in blue have just produced a blinder!

They won scintillating matches against Australia in the Semi Finals, against England in the Super 8 and Pakistan in the league matches (Pakistan league match was a tie and was decided by a bowl-out – something like a football match where it is decided by a free kick!).

This shorter version of the Cricketing game has taken the cricketing world by storm. Also, it has economics to support it. Lets delve into the economics a little bit later and lets savour the moment of glory for now!

Team India’s main spurt of the killer instinct (largely absent from all of our previous sides in all these years) have been their main plus. They carry no baggage. They are free to strategize and focus on the game – they have a good leader in Dhoni who is quite demanding on the field but very focused off the field in strategizing the manoeuvres in pipping the opposition to the post. He tells his chaps to not to worry about the outcome but just go and enjoy the game and give it their 100% which is the basic essence of leadership lesson every manager should be giving his/her subordinates.

Coming to the economics of this tournament and this shorter format of the one-day game, it will fly. I say this because economic theory supports this.

Think about it for a second. The South African sojourn has been terrific and they have played great hosts (aka the ICC World Cup 2003 which was played there!) The erstwhile fast bowler of SA – Steve Elworthy – Director of this tournament said some days back that he had deliberately priced the tickets dirt cheap to attract crowds. This is good strategy.

Lets move on to the actual game: Each side gets 20 overs to play and put up a decent total and later defend it. Each side then plays like crazy. The batsmen try to improvise and the bowlers try to get those batsmen out. The efficiency of both the batting and bowling sides improve and this carries forward to the longer versions of the game – the 50-over one dayers (Kerry Packer initiated concept) and the traditional 5-day test match cricket.

On a lighter note, moreover, people in this world these days want quick fixes to every problem! They want to have fast food, they want to produce and raise 10 babies in 1 year (given a chance) and they want to make sure they were as fast as yesterday to do something for tomorrow. The world is moving at a much faster pace and it is natural the game of cricket has respected this paradigm shift in people’s mindset!

Coming back to serious talk, the economics of this version of the game are good for multiple reasons:

1. The grounds can support 2 full scale 20-over matches over 1-day under the lights (for one match provided the other one begins in the day) or otherwise at the cost of a full scale 50-over match.

2. Tickets can be priced differentially. The inaugural tournament is different. Its proven to be a big hit. Others will take the cue and will try to follow differential pricing for this – my guess. One match would be priced differently than the two – per day – raising revenues for the tournament as a whole.

3. The cost of maintaining the grounds etc. for 2 20-over matches gets to be the same as that of a single 50-over series – you get more for the same amount if you are the hosting authority (ex: South African cricket board etc.).

4. The hotels etc. are booked for a shorter time (some might view this as a negative but if the one-day series is distributed over too long a period, occupancy rates have been known to take a hit). This shorter version ensures that does not happen with occupancy rates being optimally used as the tournament wraps up quickly when compared to the 50-over tournaments.

5. The excitement that this game produces ensures more eyeballs get attracted to this series – think 25% of India’s cricket crazy population across the world (say, 25% of 2 billion including expats, and this is a very huge # for advertisers to target!)

In short, this game has very sound economics and will fly in the coming days/years/months. I am proud to say, I followed almost each match of this series and thoroughly enjoyed watching it!

Enjoy it! Its worth it – the icing on the cake – India won! – and yes, against their arch rivals – Pakistan! Though has to be said, Mizbah-ul-haq played brilliantly in today’s finale and lost it with an uncalled-for shot! Pakistan played brilliantly today as well and there was really nothing to choose from between the two teams. The best part of it is that this traditional Indo-Pak final was event-free and that goes a long way in the way the younger generation treats the Indo-Pak relations – extremely cordial. Keep it up guys! You chaps are great sportspersons!

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Written by Naveen Athresh

September 24, 2007 at 10:04 pm

Posted in Sports

3 Responses

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  1. Do you know Indians are crazy in Cricket and T20 saves lot of time for the cricket fans. Just 3 hrs the match will get over and no need to sit in front of the TV for the the entire day. Do you know the final day T20 morning in Bangalore, the cricket fans were queued up one day before to get a ticket for the India Australia ODI. Check out the pictures and details in my blog
    http://meninweb.blogspot.com/2007/09/feast-for-indian-cricket-fans.html

    Cipson

    September 28, 2007 at 5:29 pm

  2. […] have written about the fantastic victory India had last year at South Africa – https://ecofin.wordpress.com/2007/09/24/india-wins-the-icc-twenty-20-world-cup-at-south-africa-2007-c… Will the IPL (read: BCCI) outstage the ICC as the cricketing hub of world cricket? Its already […]

  3. Hai,
    I very very about winning worldcup.India has got the milestone.M.Dhoni is a able captain.I wish that the same victory must continue in all games

    K.Balamurugan

    June 5, 2008 at 11:09 am


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