FDI bowls cricket over

We are familiar now with overseas investors moving into UK sport, with foreign ownership of many Premiership football clubs - just ask Jim O’Neill and the Red Knights what they think about the subject. Breaking news this week shows that this approach is moving into cricket, as Durham County Cricket Club is now more than 90% owned by the Indian media figure Gautam Radia and his brother Hiren. Their stake in the county that has won the county championship for the last two seasons cost them just short of £2.5m.

Their motivation? - well, it is not unreasonable to suppose that Indian businessmen have a genuine passion for the sport, although they may find themselves watching cricket in Durham in rather different weather conditions than they are used to. But Durham is part of a group of counties, who own Test match venues, currently examining the structure of county cricket and exploring the prospect of a new Twenty20 tournament that could be a big revenue earner. It would be modelled on the Indian Premier League and there is a suggestion that while the clubs would retain 51% ownership of the business, 49% would be sold to investors who could make a big return on sponsorship, advertising and sale of the TV rights. So the investment into the club now enables it to develop the facilities needed at the beautiful Riverside ground for hosting major matches like an Ashes test in 2013, as well as to develop the commercial potential of new developments in the game - and also provides the Indian investors with the potential for a future stock market flotation of the club from which they could make a rewarding profit.

Investment in Energy Infrastructure [23 May 2012]
Unit 2 Macro: Cyclical and Structural Economic Issues Facing the UK [23 May 2012]
Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: The Current Account of the Balance of Payments [20 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Unit 2 Macro: Positive and Negative Multiplier Effects [20 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
Q&A: What do we need to know about output gaps? [20 May 2012]
Revision notes on unemployment [20 May 2012]
Unit 2 Macro: Revision Notes on Supply-side Policies [10 May 2012]
Unit 2 Macro: Model answer for revision data question [9 May 2012]
Unit 2 Macro: Growth and Development Glossary [5 May 2012]
Unit 2 Macro: Trade and Balance of Payments Glossary [5 May 2012]
Unit 2 Macro: Economic Cycle Glossary [5 May 2012]
Macro Revision - Key Statistics on the UK Economy [4 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Tullow Oil and African Development [25 Apr 2012]
Unit 2 Macro: Heathow’s Capacity and Connectivity Crunch [22 Apr 2012]
Unit 2 Macro: Skills Shortages Hold Back Recovery [12 Apr 2012]
Unit 2 Macro: Revision on Interest Rates and the Exchange Rate [3 Apr 2012]
Unit 1 Micro: The Collapsing Price of Carbon [3 Apr 2012]
Unit 2 Macro: Revision on Capital Investment [30 Mar 2012]
Unit 2 Macro: Policies to Drive Economic Recovery [9 Mar 2012]
Unit 4 Macro: Sovereign Wealth Funds [4 Mar 2012]
Unit 2 Macro: The Dash for Gas in Mozambique [17 Feb 2012]
A return to Glass-Steagall to prevent another crash? A lesson from economic history. [17 Feb 2012]
Unit 2 Macro: Is the UK Economy Turning a Corner? [15 Feb 2012]
Unit 4 Macro: King on the UK Economy [15 Feb 2012]
Unit 4 Macro: Focus on India - Comparative Advantage [27 Jan 2012]
Unit 2 Macro: Focus on China - Trade and Growth [27 Jan 2012]
Unit 4 Macro: Focus on India - Supply Side Issues [25 Jan 2012]
Unit 1 Micro: Can the UK Computer Games Industry Grow [24 Jan 2012]
Unit 4 Macro: Russia Joins the WTO [22 Jan 2012]
Unit 3 Micro: World’s Largest Solar Plant Opens [15 Jan 2012]
Unit 2 Macro: Frontier Markets - the New BRICS? [15 Jan 2012]
Beyond the Bike - The Importance of Remittances [15 Jan 2012]
Unit 4 Macro: Time to Re-Boot the British Economy [14 Jan 2012]
Unit 4 Macro: Economics of Fiscal Deficit Reduction [12 Jan 2012]
Unit 4 Macro: Competitive Advantage in Trade (Some Videos) [12 Jan 2012]
Unit 2 Macro: Factors Driving Business Investment [10 Jan 2012]
Unit 4 Macro: Natural Disasters and their Economic Impact [7 Jan 2012]
Unit 2 Macro: The UK Housing Market in 2011 [26 Dec 2011]
Unit 2 Macro: Brazil Overtakes UK in Economic Size [26 Dec 2011]
Unit 3 Micro: Sub Normal Profits - BP Leaves the Solar Industry [21 Dec 2011]
Economic Corruption - Global Rankings for 2011 [19 Dec 2011]
Unit 4 Macro: Does UK Manufacturing have a Future? [30 Nov 2011]
Where is the UK Economy? National Output [22 Nov 2011]
AS Macro: The State of British Business [13 Nov 2011]
Unit 1 Micro: Costs and Benefits of a Super Sewer for London [1 Nov 2011]
Unit 1 Micro: Google Maps to Charge for Usage [31 Oct 2011]
Unit 2 Macro: Economic Importance of Investment [19 Oct 2011]
Can the “invisible hand” solve Africa’s poverty? [13 Oct 2011]
Skidelsky in Madrid [12 Oct 2011]
Why Is Macroeconomics Such A Mess? [11 Oct 2011]
Unit 1 Micro: Producing Coffee - Kenya in Pictures [4 Oct 2011]
Unit 4 Macro: Savings and Banking to enhance Development [16 Aug 2011]
Monetary Policy Roundtable [25 Jul 2011]
Unit 2 Macro: Reducing Unemployment after a Recession [11 Jul 2011]
Unit 3 Micro: Oligopsony - Dairy Losses Drive Farmers from the Fields [10 Jul 2011]
UK firms wake up to Brazilian opportunities [21 Jun 2011]
Six Global Trends Shaping Business Strategy [15 Jun 2011]
Chinese inward investment in the London property market [12 Jun 2011]
Is Cost Benefit Analysis of our natural environment ‘a slippery slope’? [3 Jun 2011]
AS Macro Key Term: Supply-Side Policies [25 May 2011]
AS Macro Key Term: Trend Growth [23 May 2011]
AS Macro Key Term: Recession [23 May 2011]
Unit 3 Micro: Monopsony Power in Markets [19 May 2011]
A2 Micro: The Importance of Profit [19 May 2011]
A2 Micro: Innovation and Economic Policies [18 May 2011]
A2 Micro: Ownership and Control in Modern Businesses [18 May 2011]
A2 Micro: External Economies of Scale [18 May 2011]
A2 Macro: Revealed Advantage [12 May 2011]
UK Economy Update: What Mervyn Said [11 May 2011]
A2 Micro: Innovation in Markets [4 May 2011]
A2 Macro: Chinese investment in the EU [3 May 2011]
AS and A2 Macro Revision: Keynesian Economics [28 Apr 2011]
AS and A2 Macro Revision: The China Effect [26 Apr 2011]
Rise in investment could kick start recovery [18 Apr 2011]
AS Macro Key Term: Double-Dip Recession [8 Apr 2011]
AS Macro Key Term: Gross National Income (GNI) [7 Apr 2011]
AS Macro Key Term: Current Account Deficit [2 Apr 2011]
Progress towards low carbon economic growth [18 Mar 2011]
AS Macro Revision: Investment Spending [12 Mar 2011]
Chinese and Indian Railways - Importance of Infrastructure [25 Feb 2011]
Never Mind Plan B - Plan V needed for the UK Economy! [17 Feb 2011]
Combining monetary and fiscal policy to curb inflation in China [16 Feb 2011]
Shared Value and the Limitations of CSR [12 Feb 2011]
5 Fresh Links: Videos to attract FDI [4 Feb 2011]
Globalisation - Peering into the MIST? [1 Feb 2011]
Variations in Regional Economic Growth [25 Jan 2011]
Economics Q&A: Will the rise in VAT harm the UK’s economic performance? [17 Jan 2011]
Manufacturing growth in the UK [30 Dec 2010]
Test Cricket – better to make your debut at home [2 Dec 2010]
Growth and Strategy at Domino’s Pizza [27 Nov 2010]
Using Google Docs - A2 Applied Micro on Collusion [21 Nov 2010]
Will Ferrell is Hollywood’s most overpaid actor [10 Nov 2010]
Successors to Roosevelt and Kruger - Marine Parks of the Sea [8 Nov 2010]
The Acid Burns Through - Requiem for Neo Liberalism [28 Oct 2010]
Asia Rising - Thai Car Exports Speeds Up Growth [27 Oct 2010]

ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 6,000 other Economics Teachers in the UK and around the world who receive the tutor2u regular Economics Resource Email Newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops + loads of great ideas for teaching economics from our blog authors.