Business of Sports
Business of Sports
Sports
Shaping a Successful
Innings for the
Indian Sports Industry
A Report
kpmg.com/in
Business of Sports
Business of Sports
Acknowledgements
This document has been released at the SCORECARD 2014 National
Conference on Business of Sports organized by the CII.
We would like to thank the following for providing their valuable knowledge,
experience and insights on the sports ecosystem of India.
Captain Amitabh, Head - Sports, TATA Steel
Dr. Amirullah Khan, Development Economist
Dr. Bharat Inder Singh, Sports Medicine Specialist and Medical Adviser, CII
Deepak Jolly, VP-Public Affairs and Communications, Coca-Cola India &
SWA
Hemanshu Chaturvedi, Founder and MD, HTC Group of Companies
Kishore Taid, Director & Co-Founder, Bhaichung Bhutia Football Schools
Manisha Malhotra, CEO, Mittal Champions Trust
Mustafa Ghouse, CEO, JSW Sports Pvt. Limited
Priti Srivastava, Vice President, Reliance Industries Limited
Pulak Bagchi, Vice President Legal & Regulatory, STAR India Pvt Ltd
Ravneet Pawha, Country Director- India, Deakin University, Australia
Sukhvinder Singh, MD, Libero Sports
Virendra Kumar Mahendru, GM (Civil) & Head Corporate Sports,
ONGC Ltd
Viren Rasquinha, CEO, Olympic Gold Quest
We are grateful to the CII for their continuous guidance and support:
Rajan Navani, Chairman, CII National Committee on India@75
Deepak Jacob, Co-Chair, SCORECARD 2014, and President & General
Counsel, STAR India Pvt Ltd
Shefali Chaturvedi, Senior Director, Confederation of Indian Industry & CEO
CII Foundation
This report was prepared by KPMG team from India and Europe comprising
Vishal Gada, Alastair Graham, Waman Parkhi, Mrton Kadocsa, Zoltn Buday,
Arpita Gupta, Mohit Mittal, Pratik Soni, Snegdha Gupta, Pritesh Chhajed
and Kanupriya Mundhra, under the leadership of Jaideep Ghosh, Partner,
Management Consulting, KPMG in India, and Andrea Sartori, Partner & Head of
KPMG Sports Advisory in Europe.
Sports has been a force for good ever since humanity existed. It brings people together,
catalyses cultural and societal change, encourages free spirit, instils discipline and
significantly enough, teaches people to win and lose. History corroborates all the
above - Jesse Owens winning those gold medals in the 1936 Summer Olympic games
thereby becoming a symbol of equality, Muhammad Ali winning the world heavyweight
championship in 1964 at the age of 22 thereby redefining tenacity, to Sachin Tendulkar
epitomising the values of an average middle class and many others.
Atul Singh
Chairman
CII National Committee
on Sports, and
Group President
Asia, The Coca-Cola
Company
Intrinsically, the importance of sports too has been in promoting an active healthy
lifestyle, creating a culture of sportsmanship and team spirit and helping in the overall
development of an individual. To a nation, however, promoting sports brings in the
spirit of the game, the national pride, a sense of social inclusiveness and of course
employment opportunities. With increased government spending on local and global
sports events and Indian athletes winning international acclaim, sports seems to be on
a steady footing but there is still lots that needs to be done.
The Confederation of Indian Industry (CII) has a National Sports Committee dedicated to
Sports that is facilitating the creation of a sporting culture in India. Therefore, as part of
CIIs India@75 vision, the Committee has developed a plan to broad-base sports in India,
help in infrastructure development and provide technical support for athletes through
professional coaching and training centres to nurture and groom talented sportspersons.
The National Sports Committee of CII is working towards creating an ecosystem for
Governments and private sector companies to combine efforts, and invest in sports.
Through continued engagement and dialogue with the Government, industry and sports
bodies, CII is enabling an environment that will be focused on promoting a sporting
culture in India and one that will place a special emphasis in recognising sports as an
industry.
One of the many steps that CII took was to partner with KPMG to develop a report on
the Business of Sports. The report explores and assesses the sports ecosystem in India,
identifies the various stakeholders concerned and addresses their specific issues and
challenges. The paper provides recommendations for both the Government and private
stakeholders efforts in enabling sports in India and emphasises the need to collaborate
and synergise efforts, so as to take the Indian sporting industry to the next level.
I would like to take this opportunity to extend my appreciation to the KPMG and CII
teams who worked in developing this document.
I would also like to thank my colleagues at the National Sports Committee, CII, for their
passion and dedication towards building sports in India.
Foreword
Jaideep Ghosh
Partner
Management Consulting
KPMG in India
Executive Summary
The global sports sector is estimated
to be worth USD 480620 billion1,
However, in India, sport is yet to be
recognised as a sector and there is no
comprehensive study on the industrys
estimated size in the country. The sports
sector may comprise several segments
such as sports tourism comprise several
segments such as sports tourism,
sporting goods (manufacturing and
retail), sports apparel, amateur and
professional sports, recreational sports,
high school and college athletics, outdoor
sports, sports businesses such as sports
marketing firms, the sport sponsorship
industry and sport governing bodies.
A thriving sports sector usually has
significant socio-economic impact, as it
is instrumental in improving the physical
health and mental agility of a nations
human resources, and in promoting unity
and national pride. In fact, sport as an
industry contributes to about one to five
per cent to the GDPs of various countries.
However, a lack of sports culture in India
has deferred the formation of a similar
industry in the country despite growing
awareness, interest and successes in
various non-cricket sports such as archery,
badminton, boxing, chess, hockey, tennis,
snooker, billiards, shooting and wrestling
at prominent international competitions.
Source: CII
Sports ecosystem
Sports ecosystem comprises different
dimensions or segments that go into
establishing and developing a sport and
various stakeholders in each segment.
The evolution of a sports ecosystem
may be evaluated by the extent of
interaction and awareness among
Issue
Recommendation
Nationwide campaign to raise awareness on sports
Sports governance
Lack of transparency
Segment of the
ecosystem
Sports
infrastructure
Issue
Recommendation
Performance
incentives for
sportspersons
Leagues and
tournaments
Corporate organizations
Media
Other Government
agencies/societies such
as NCERT, CBSE and
National Skill Development
Corporation (NSDC)
Table of contents
1 Introduction
01
1.1
03
1.2
04
1.2.1
04
1.2.2
08
1.2.3
09
10
13
15
19
19
23
26
32
34
44
47
4 Recommendations
51
Glossary 65
Definitions 68
About KPMG in India
69
70
01
Business of Sports
1. Introduction
Business of Sports
02
03
Business of Sports
1.1
Business of Sports
1.2
04
1.2.1
05
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Figure 1.1 : Comparison of performance of nations in terms of medals, medals to GDP and medals to population at the
Olympics
Source: www.olympics.org accessed 15 January 2014, data.worldbank.org accessed 15 January 2014, KPMG Analysis
Figure 1.2: India medal tally and rank in Commonwealth Games since 1990
Business of Sports
Figure 1.3:India medal tally and rank in the Asian Games since 1990
India has performed well in certain non-Olympic sports as well, such as cricket, chess,
snooker and billiards.
Table 3: Achievements of India in certain non-Olympic sports
Sport
Achievements
Winner of Cricket World Cup in 1983 and 2011
Cricket
Chess
Snooker and
billiards
Pankaj Advani has eight world titles under his belt. He also won
the gold medal for the English Billiards Singles event at the
Asian Games. He won the World Billiards Championship in 2009
and 2012
Anuja Thakur won the WLBSA ladies world billiards
championship in 2005 and Chitra Magimairaj won the Australian
Open Women in 2008
India has performed well at the Asian Games since 1982,
winning a gold medal in each of the games.
06
07
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1.2.2
08
The National Games 2011 were held in Jharkhand. Figure 1.5 demonstrates that
Manipur and Haryana were the best performing states on the basis of the number of
gold medal wins.
Figure 1.5: Number of gold, silver and bronze medals won by top 15 states
respectively at the National Games 2011
The absence of large states like Uttar Pradesh, West Bengal, Gujarat and Rajasthan from
the top 15 states could mean that these states are not doing enough to cultivate their
sporting talent.
Figure 1.6: Number of medals won at the National Games per 1 million population
of state
09
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1.2.3
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10
1.3
Figure 1.7: Cumulative medal tally of India in Olympics 2012, CWG 2010 and Asian
Games 2010
11
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Figure 1.8: Total events at the Olympic Games for select sports
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Figure 1.9: Performance of the U.S., China and Great Britain at the London
Olympics 2012
12
13
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2. Sports ecosystem
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The following sections provide an overview of certain important segments of the sports
ecosystem, public and private initiatives and major challenges that hinder the growth of
sports in India.
14
15
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2.1
Source: Comprehensive Sports Policy 2007, Ministry of Youth Affairs and Sports, 2007; KPMG Analysis
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Key issues
Despite a strong governance structure,
there are certain issues that hinder
effective sports governance in India:
There have been several incidents
of noncompliance by some national
sports federations and the IOA with
the International Olympic Committee
(IOC) Charter, which is essential to
guarantee Indian representation
at international sporting events.
In December 2012, the OA was
suspended by the IOC for its failure
to amend its constitution to bar
officials accused in some cases from
contesting the IOA elections3. The
IOA and several NSFs also have been
found defying IOC guidelines on age
and tenure parameters and are said
to have a non-transparent election
process.
Another major problem witnessed by
Indian sports is the tussle amongst
federations for recognition to be the
representative governing body. This
has an adverse effect on players
morale, as they find themselves in the
middle of the mud-slinging by warring
Professionalism
Transparency
16
17
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18
19
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2.2
2.2.1
Schemes
Age group
825 years.
Provisions
Selection
procedure of
trainees
Sports
covered
Source: Annual Report 2012-13, Ministry of Youth Affairs and Sports-Government of India, 2013
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20
7. Annual Report 2012-13, Ministry of Youth Affairs and SportsGovernment of India, 2013
21
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22
8. Sanjiv Shankaran, Goutam Das and Anilesh Mahajan, Going for gold,
Business Today, 13 May 2012
9. Yogeshwar Dutt is a content man,The Hindu, 15 August 2012
10. Corporate Social Responsibility: A Case Study of TATA Group, IOSR
Journal of Business and Management, 2012, Volume 3, Issue 5, PP
17-27
11. Prakash Padukone Badminton Academy, www.ppba.in, accessed 15
January 2014
12. IMG, http://img.com/services/strategic-initiatives/india---img-reliance.
aspx, accessed 15 January 2014
13. JSW, http://rosoftlimited.com/dev1/jsw/Foundation/sports.html,
accessed 15 January 2014
23
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Key issues
Limited reach of talent scout efforts:
Despite the Governments efforts in
scouting for talent at the grassroot
level, there were only 14,90014 SAI
trainees in 2012. It is estimated
that Indias population in the 825
year group (the age group that SAI
schemes cover) is ~43 crore, which
indicates that only ~ 0.0035 per cent
of Indias youth in this age group is
being trained under these schemes15.
This per centage appears low in
comparison to that of countries such
as Cuba (17 per cent)16. Therefore,
there is a need for more initiatives
and increased involvement of players
to develop a system that casts a
wider net of talent identification and
grooming.
2.2.2
14. Sourjya Bhowmick, What does it cost to win an Olympic medal, www.
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24
25
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2.3
26
Sports infrastructure
In the context of this report, sports infrastructure includes sports stadia and fields.
It is important to assess the role of various stakeholders in providing the requisite
infrastructure for the development of sports in India.
Role of the Government
Besides building training centres and
academies, the Central Government and
SAI also builds and maintains stadia and
fields. As part of the Asian Games 1982
and the CWG 2010, India constructed
several stadia, facilities or infrastructure
developed for hosting international
games that would not only serve as a
legacy for the host countrys citizens
but would also provide opportunities for
urban development21.
The creation of legacy assets is usually
in line with the long-term sports and
development strategy of the host nation/
city. The Indian Government believed that
building quality athletics infrastructure,
showcasing Indias excellence in
international-level non-cricketing
competitions and motivating
Stadium name
Cost of
establishment/upgrading during CWG
2010
INR961 crore23
Indira Gandhi
Stadium
INR240 crore24
INR377 crore25
INR150 crore26
Major Dhyan
Chand National
Stadium
INR262 crore25
27
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27. Annual Report 2012-13, Ministry of Youth Affairs and SportsGovernment of India, 2013
2014 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
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2014 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
28
29
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Stadium
Year opened
Private
funding (%)
Public
funding (%)
2015
88
12
MetLife Stadium
2010
100
Cowboys Stadium
2009
63
37
2008
14
86
2006
32
68
2003
64
36
2003
34
66
2003
43
57
Gillette Stadium
2002
83
17
Ford Field
2002
75
25
Reliant Stadium
2002
39
61
CenturyLink Field
2002
35
65
Heinz Field
2001
39
61
2001
28
72
2000
94
LP Field
1999
29
71
1999
26
74
1998
10
90
1998
100
FedEx Field
1997
72
28
44
56
Average
Source: CSL
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30
26%
Government subsidy
4%
7%
26%
21%
Private sponsors
16%
TOTAL
EUR127 million
31
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2.4
32
Source: India Sports Equipment Industry Outlook to FY2018, Ken Market Research, May 2013
33
Business of Sports
Key issues
Some of the key issues in the context of
this report are highlighted below.
Lack of equipment manufacture
for some sports: In India, equipment
produced for the domestic market is
predominantly for cricket, badminton,
hockey, etc. On the other hand,
equipment for shooting and archery is
scarcely available in India. Moreover,
it is required that equipment used
for national level and international
level games has to be from brands
that are recognised by international
federations. Accessibility to
inexpensive equipment is important
for enhancing sports participation
and ensuring quality training in line
with requirements laid down by
international federation. For example,
in case of hockey, internationally lightweight composite hockey sticks have
replaced wooden sticks. However,
lagging behind China in technology,
India does not have equivalent
competence and China produces
lighter more durable composite
hockey sticks. In fact, a significant
portion of fitness equipment is
mostly sourced from China. Sourcing
increases the cost of the equipment.
Difference in the import duty on
Government-sourced and privatelysourced training equipment: The
duty charged on the import of goods
such as sports footwear is ~ 28.85
per cent (generic rate) while the duty
charged on the import of sport goods
and equipment such as golf clubs
and archery equipment is 21.47 per
A golf driver of a
particular make is priced
~37%-90%
31. http://www.cbec.gov.in/customs/cs-act/notifications/notfns-before2k/
cs146-94.htm, accessed 15 January 2014
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2.5
34
Source: Gaurav Laghate, IPLs TV ratings on sticky wicket but advertisers unfased, Business Standard, 18 May
2013
35
Business of Sports
For any league, media rights, sponsorships and revenue from franchises constitute
major sources of revenue (refer Figure 2.8).
Figure 2.8: Major sources of revenues for a league
Media Rights
Sponsorships
TV broadcasting rights
Title sponsors
Revenue from
franchisees
Franchisee fees
Ground sponsors
Theatrical rights
Umpire sponsors
Internet rights
Official drinks sponsors
Marketing support
Blimp sponsorship
Share of local
revenues
For IPL, the biggest source of revenue is media rights. In 2009, BCCI struck a nine-yearlong broadcast deal for INR 8,200 crore32.
Figure 2.9: Break up of IPL revenue (201011)
32. IPL signs 9-year broadcast deal with Sony for Rs. 8,200 cr,The
Economic Times, 15 March 2009
Business of Sports
36
Name
Indian
Premier
League
World Series
Hockey
Hockey India
League
Golf Premier
League
I-League
Indian
Badminton
League
Sport
Cricket
Hockey
Hockey
Golf
Football
Badminton
Promoters /
founders
BCCI
Nimbus Sports
& IHF
Hockey India
AIFF
BAI, Sporty
Solutionz
No. of
franchisees
14
Team
composition
Max. 27
players, Min.
16, Max. 9
foreign players
in squad and
max. 4 in
playing eleven,
min. 14 Indian
players in each
squad
25 registered
players out of
which 18 can
play
24 players (10
foreign &14
Indian)
4 (1
international, 1
Indian, 1 from
Asian tour and
1 from golf tour
of India
Allowed to
register 4
foreign players
but can field a
maximum of 3
Max. 11 and
min. 10 players
including a
junior player
and four
foreign players
No. of
seasons
No. of
matches
75
59
34
182
16
Time period
Apr. to May
Jan. to Feb.
Dec. to Jan.
Feb.
Oct. to May
Aug.
Total prize
money
USD 4.2 mn
USD 1.3 mn
USD 0.75 mn
USD 0.35 mn
USD 0.11 mn
USD 0.9 mn
Franchisee fee
(p.a.)
USD 614 mn
USD 1.72.5
mn
USD0.6 mn
37
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38
39
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Table 7: IPL/I-League
IPL
I-League
34. Khushboo Narayan, Profits still elude some IPL teams, www.livemint.
com, 2 April 2013
35. Industry Discussions, KPMG in India Analysis
36. Binoy Prabhakar. I-league struggling to find sponsors; IMG-Reliance
facing difficulties in promoting football, Economic Times, 4 November
2012
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40
41
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42
Incremental sales
Tangible RoI
Greater brand
recognition
Building brand
loyalty through
community
engagement
Sponsorship
in sports
Intangible RoI
43. http://prsany.org/downloads/BigAppleAwards2013/p_g_builds_consumer_loyalty_during_london_2012_olympics__marina_maher_communications.pdf,
accessed on 15 January 2014
44. http://thearf.org/images/uploads/documents/2013_Ogilvy-Awards_Case-Study_Procter-Gamble.pdf, accessed on 15 January 2014
45. http://prsany.org/downloads/BigAppleAwards2013/p_g_builds_consumer_loyalty_during_london_2012_olympics__marina_maher_communications.pdf,
accessed on 15 January 2014
46. http://prsany.org/downloads/BigAppleAwards2013/p_g_builds_consumer_loyalty_during_london_2012_olympics__marina_maher_communications.pdf,
accessed on 15 January 2014
43
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Traditional sponsors
Non-traditional sponsors
Key issues
Lack of transparency in the
governance of leagues: There have
been instances of controversies
around conflict of interests. For
instance, being a franchise and a
league owner at the same time;
controversial auctioning of players
and spot-fixing. Such incidents have
raised questions on professional
governance and transparency in these
leagues. They also tend to result in
loss of faith among league sponsors
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2.6
Incentives
Examples
Incentives
by the
Government
and PSUs
Jobs,
pension
funds,
performance-based
promotions
Financial
assistance
for
education
Scholarships
by UGC
based on
performance
Monetary
gains through
other sources
Sponsorship
deals and
product
endorsements
Cash rewards
by the central
and state
Governments
Alternative
careers
Cash and
land awards
to Olympic
medal
winners
Coaching,
sports
management/
marketing,
sports
psychology,
sports
education,
sports
journalists,
analysts,
commentators
44
45
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Role of the Government in providing incentives and creating a safety net for players
Government initiatives for the creation
of a safety net for players include the
following:
Sports quota in Government jobs
and public sector undertakings
(PSUs): According to rules established
by the Government of India 47.
Meritorious sportspersons
who have represented
organizations/states/the country
at international, national, state
or university-level games or
national games for schools
with requisite qualifications are
eligible for recruitment under
the sports quota in various
Government departments or PSUs,
withstanding total candidates
through reservation do not exceed
50 per cent.
Recruitment of sportspersons
against the sports quota is done
for Group C and D posts and
cannot be done for Group A and B
posts under direct (no qualifying
examination) recruitment.
To motivate players to continue
performing well, the Government
has decided to provide sports-
Non-profit organisations
supporting athlete development:
Presence of organisations such as
OGQ and Mittal Champions Trust,
which raise funds from corporate
players and individuals to support
training requirements of athletes, is
motivating. Such companies could
increase the chances of winning
medals and, thereby, monetary
rewards on winning in international
games.
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46
Case study: Ways to attract and incentivise sportspersons to pursue a career in sports the U.K.
There are two major channels of public
funding for professional athletes in the
U.K.: the World Class Pathway (WCP)
programme and the Athlete Personal
Award (APA).
Key issues
Lack of policy ensuring financial
security post retirement: There
is no pension policy or policy to
ensure financial security of players
representing India at international
games who are not able to win
medals in such events or national-level
sportspersons.
47
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48
Background
Taxation of artistes, sportspersons and
foreign teams participating in various
national and international sporting/
entertainment events in India is
complicated, especially from a direct tax
perspective. This is primarily due to the
difficulty around the characterisation of
their incomes. This is principally driven
by the extremely creative and complex
manner in which contracts are structured
multiple jurisdictions are involved since
artistes and sportspersons are generally
always on the move. To substantiate the
49
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50
51
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4. Issues and
Recommendations
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52
Issue
Recommendation
Examples/case study
Overall
Lack of a sports
culture in India
53
Business of Sports
Segment
Issue
Recommendation
Overall
Limited funding
avenues in sports
Examples/case study
Sports
governance
Lack of
transparency
Limited
community-level
engagement in
sports despite
PYKKA
Limited
commercial focus
of governing
bodies
Business of Sports
Segment
Issue
Recommendation
Talent
scouting
and
training of
players &
trainers
Lack of coordination
between
concerned
bodies affecting
professional
uptake of sports
Examples/case study
Lack of coaches
and technical
know-how of
sports in India
Scarcity of
playing spaces
and high capital
expenditure
required to
establish
private training
academies
54
55
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Segment
Issue
Talent
scouting
and
training
of players
& trainers
governance
Recommendation
Examples/case study
Imposition of
customs duty
on training
equipment
imported
by private
academies vs.
duty exemption
on the same
imported by the
Government
Inadequate
support to former
sportspersons
opening private
academies
1. Sourjya Bhowmick, What does it cost to win an Olympic medal, www.indiaspend.in, 9 August 2012
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Segment
Issue
Recommendation
Talent
scouting
and training
of players &
trainers
Lack of
awareness of
opportunities for
sports coaches
56
Examples/case study
Lack of
specialised
courses in
nutrition, sports
medicine,
psychology, etc.
57
Business of Sports
Segment
Issue
Recommendation
Examples/case study
Sports
infrastructure
Insufficient
legacy planning
for various
games hosted
by India leading
to poor asset
monetization
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Segment
Issue
Recommendation
Sports
infrastructure
Limited
implementation
of existing
schemes
58
Examples/case study
59
Business of Sports
Segment
Issue
Recommendation
Sports
Equipment
Lack of a unified
representation
for the sports
equipment
industry
Examples/case study
Non-recognition
of some import
items as sports
goods
Leagues and
tournaments
Lack of
transparency in
the governance
of leagues
Poor
monetisation of
leagues
Business of Sports
Segment
Issue
Recommendation
Examples/case study
Leagues and
tournaments
Limited
engagement
of franchises
with local
communities
Performance
incentives for
sportspersons
Lack of policy
ensuring
financial
security to
some players
after retirement
Limited career
options within
the sports
ecosystem
60
61
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Way forward
A majority of the challenges identified
in the existing sports ecosystem can be
traced to the singular issue of the lack
of a sporting culture in India. A thriving
sports environment depends not only
on the interest among spectators, but
also on an efficient support system
that continuously fuels their interest.
Therefore, the scope of the term sports
culture extends beyond the popularity of
sports and mostly entails policy-making
designed to encourage participation
in sports and builds an ecosystem
comprising of connected, informed and
aware stakeholders.
Thus, a Joint Working Group (JWG) could
be formulated that works to strengthen a
sporting culture in India by taking action
on the recommendations provided in
this report and implementing additional
initiatives identified by the JWG. The
Group should ideally have representation
from various stakeholders identified
across the sports ecosystem and include
members from:
Government bodies:
Central Government bodies in
charge of sports in India such as
MYAS and SAI
Ministry of Human Resource
Development: implementation
of sports-oriented education and
employment policies. An education
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63
Business of Sports
Table 9: Major stakeholders, their ultimate targets, benefits from investment in sports, and potential benefits to
stakeholders from the formation of the JWG
Stakeholder
Targets
Socio-economic
development of
the country
Sports governing
bodies like NSFs,
SSAs and IOA
Selfsustainability
Corporate
organizations
Media
Profitability
Profitability
Brand building
Other Government
agencies/societies
such as NCERT,
CBSE and NSDC
Improvements
in school
education, skill
development and
training Indian
youth
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65
Business of Sports
Glossary
ABSC
AIFF
APA
ASC
BAI
BBFS
BCCI
CII
COX
Centre of Excellence
CSR
CWG
Commonwealth Games
DCMS
F&B Tax
FDI
FIDE
FIFA
GBA
GDP
GVA
HI
Hockey India
IBL
ICC
ICL
IHF
INR
IOA
IOC
IPL
Business of Sports
LNCPE
Thiruvananthapuram
LNUPE Gwalior
MCT
MLB
MYAS
NBA
NFL
NGO
Non-Governmental organisation
NHL
NISSM
NOC
NPFAI
NSDF
NSF
NSO
NSTC
ODI
One-Day International
OGQ
PPBA
PPP
Public-private partnership
PSU
PYKKA Scheme
R&D
SAG
SAI
SEZ
SME
SOA
SPAT
SSA
STC
T20
Twenty20
U-
Under
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67
Business of Sports
UGC
UK
United Kingdom
UKS
US
United States
USA
UT
Union Territory
VIP
WCP
WLBSA
WSH
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68
Definitions
Gross domestic product (GDP): Market value of all officially recognised final goods
and services produced within in a given period of time.
Gross value added (GVA): The contribution of each individual producer, industry or
sector to the economy. To obtain GVA, the value of intermediate goods and services
is subtracted from gross output.
Public-private partnership (PPP): A public-private partnership is a service
or venture that is financed and operated through a partnership between the
Government and private company/companies.
Special economic zone (SEZ): SEZs are geographical areas created with an
intention to promote export of products, provide employment opportunities and
develop quality infrastructural facilities with minimum possible regulations like
exemption on taxes of export income.
Corporate social responsibility (CSR): CSR could be defined as actions taken by
corporate firms to further a social cause, beyond the business interests of the firm
and that which is required by law.
69
Business of Sports
Business of Sports
70
About CII
The Confederation of Indian Industry (CII) works to create and sustain an environment
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Richard Rekhy
CEO
T: +91 124 307 4303
E: [email protected]
K Jawaharlal
Director
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