If the Cricket World Cup was a
time for sponsors and the ICC to make mucho moolah, then the same does not apply for the governments that invested millions to make the event happen in the first place. According to a clause of an agreement between the ICC, the West Indies Cricket Board (WICB) and the nine host countries, the ticket proceeds were to be returned to each of the hosts to help them recover the high costs of holding the tournament. At a time when the tournament recorded the highest ticketing revenue for a Cricket World Cup – selling more than 570,000 tickets, profits shouldn’t be much of a problem, right? But check this – while the Government of Trinidad and Tobago invested $15 million for the World Cup, it only got $1.5 million in return from the revenue collected! In a rather untimely statement, ICC’s CEO – Malcolm Speed – expressed satisfaction on Trinidad and Tobago’s hosting of its part of the World Cup. We bet the only response from the government must have been a muted “Yeah, Right!”
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read More:-
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Don makes a ‘fair’ deal…
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Re-cycle...
Cricket isn’t just cricket
Puravankara gets stuck in bad weather
Harry Potter strikes a million!
http://iipm-news.spaces.live.com/
http://pankajnegiz.spaces.live.com/
http://iipminternational.spaces.live.com/
http://iipm-iipmschool.spaces.live.com/
Along came HBO!
BRAND : Real Twist
BRAND: Nokia
Don makes a ‘fair’ deal…
RCOM rings in the fabricating tone!!
The Noodle House comes to India
Re-cycle...
Cricket isn’t just cricket
Puravankara gets stuck in bad weather
Harry Potter strikes a million!
Grey Worldwide India for an exceptional campaign targeted at honeymoon couples for Travel Corporation of India. McCann Erickson was awarded two bronze Press Lions for Nerolac and Cocco’s Café campaigns. Moreover, O&M won a bronze for Indian Association for Promotion of Adoption and Child Welfare campaign. In the Film Lion’s category, McCann Erickson bagged two Lions, one silver for Happy Dent (palace ad) and a bronze for the best use of music in the same campaign. Code Red Films was awarded a bronze Film Lion for Blind Welfare Organisation campaign. However, some came back not very happy as all their expectations were not met. Two entries, JWT’s Monte Carlo jeans and O&M’s Hutch came very close to winning an award but missed out. Despite the fact that the Indian performance was better than last year’s, many feel that most of the entries that went from the Indian side, were not creatively very impressive and the presentations made in front of the jury were not up to the mark. At the end of the day, the fact remains, though our advertising is slowly getting recognised, there is a world waiting beyond the twelve Lions...