The Indian Premier League has become the biggest show in cricket and the main factor behind its exponential growth is money.
Every aspect of the league is backstopped by the deep pockets of the Indian cricket board, sponsors and team owners. And that is why billions were splurged to gain its media rights, and many players landed multi-million dollar contracts during the player auction.
With so much money put into the system, it is no surprise the product that emerges is of the highest quality.
This year, teams will be playing on a home and away basis again after four years of upheaval caused by the Covid-19 pandemic. That means franchises can bank on local support once again.
Cricket fans will follow and support their favourite teams over the next two months. While most will enjoy the games on the TV or online – which will be free in India – some will want to experience the game at packed stadiums.
Tickets at some venues start at 500 rupees ($6) but those who want to enjoy the game in comfort will have to shell out a lot more. Below are the prices of some of the most expensive tickets at the top venues for IPL 2023.
Most expensive tickets for IPL 2023:
Chinnaswamy Stadium, Bengaluru (Royal Challengers Bangalore home): 50,000 rupees ($600)
Wankhede Stadium, Mumbai: 30,000 rupees ($360)
Eden Gardens, Kolkata: 26,000 rupees ($310)
Arun Jaitley Stadium, Delhi: 22,000 rupees ($260)
Narendra Modi Stadium, Ahmedabad: 20,000 rupees ($240)
Ekana Stadium, Lucknow: 16,000 rupees ($200)
Sawai Man Singh Stadium, Jaipur: 12,000 rupees ($140)
Rajiv Gandhi Stadium, Hyderabad: 11,000 rupees ($130)
Note: All tickets prices for hospitality area. Ticket prices sourced from available listings on Bookmyshow, Insider.in and other sites. Info not available yet for Chennai and Punjab home grounds.
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The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Abu Dhabi Sustainability Week
UAE currency: the story behind the money in your pockets
The specs
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The Bio
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Profession: History teacher at Al Yasmina Academy, Abu Dhabi
Children: She has one son, Casey, 28
Hometown: Pontefract, West Yorkshire in the UK
Favourite book: The Alchemist by Paulo Coelho
Favourite Author: CJ Sansom
Favourite holiday destination: Bali
Favourite food: A Sunday roast
Ferrari 12Cilindri specs
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Power: 819hp
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Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
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Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
