IPL Auction And The Liquidity Surge: Dolat Capital
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Dolat Capital Report
Each year, the Indian Premiere League creates a festival environment across the cricketing world and the IPL auction preludes the gala event where franchise owners look to pick their ‘stock of player’ and hope they can deliver ‘outperformance’ on the field.
The 2021 IPL auction was a classic ‘liquidity at play’ affair – unlikeliest of the names got huge premiums based on ‘perceived’ potential to ‘generate return’.
Somewhere it was like how that equity markets have been behaving – perceptions of being able to drive a dominating behavior in a sector or geography are driving premiums to crazy levels.
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