09 October 2017 last updated at 04:16 GMT
 
About LKM

Lalit Modi is one of India’s most successful and visionary entrepreneurs.  

His 20-year career has spanned the worlds of industry, entertainment, and sport, a blend of expertise that combined in 2008 to create the Indian Premier League: (IPL) one of the world’s most exciting and celebrated sports leagues.

Lalit, 53, began his career in the world of Indian industry as President and Managing Director of Modi Enterprises.  In 1993, he ventured into the entertainment world, creating a partnership with Walt Disney Pictures that brought the world famous studio’s programming to million’s of Indian’s television screens.

The following year, Lalit moved into sports broadcasting through an exclusive deal with the US sports television giant ESPN to distribute its sporting content throughout India.   

A passionate, and lifelong cricket fan, Lalit was elected President of Rajasthan Cricket Association in 2004 and at the same time joined the Board of Control for Cricket in India (BCCI). The following year he became BCCI Vice-President with responsibility for the Board’s commercial interests.

Under Lalit’s stewardship, Indian cricket enjoyed a commercial revolution. Through a series of innovative partnerships with leading global brands and broadcasters including Nike, Sahara, Sony, ESPN and Viacom, Indian cricket’s revenues increased seven fold between 2005 and 2008. In 2008 the BCCI enjoyed record annual revenues of $1 billion.

Lalit's family runs a flourishing business covering a varied number of fields.

In 2008 Lalit created the Indian Premier League, a unique blend of sport, entertainment and Bollywood glamor.  Featuring the world’s greatest cricket players, the Twenty20 tournament has become, in just four years, a phenomenal success.  The league is currently valued in excess of $4 billion and enjoys an annual, global audience of 182 million. Columbia and Stanford University have done case studies on how he built the league and sustained it.

The IPL’s unprecedented success inspired Forbes Magazine to describe it, in 2009, as the ‘world’s hottest sports league’.

Lalit has designed and developed Innovative Oncology Network (ION Care) - a network of full-service outpatient oncology treatment centers with state-of-the-art supporting diagnostic hubs to globalize the world-leading methodologies developed at the Champalimaud Centre For the Unknown (CCU) in Lisbon, Portugal. ION Care has entered into an Exclusive Global Partnership with CCU. (www.ion.care)

He is also the founder of the Foundation arm of ION Care that aims to create a global research network that builds upon the work being carried out at the CCU where with the support from ION Care partners, IONCARE FOUNDATION will organize fund-raising activities through different sectors of sports, media, fashion and lifestyle initiatives. (www.ioncare.foundation)

Lalit has innovated and conceived a radical and dynamic new team sport in Mixed Martial Arts called Valor. He has forged an alliance to form a VALOR Sport Joint Venture that will oversee both a Professional Sport Administrative Body and associated VALOR Leagues.The league will have 32 Teams across 4 Conferences with 224 Conference Events with a breakthrough design of the fight ring. (www.valorsport.com)

Lalit is married to Minal; they have three children Karima, Ruchir and Aliya. Lalit currently lives in London.

BCCI plans to have Women's FTP: Shetty
Don't go by the quantity of matches but go by the fact that we will be playing better teams in the next two years, says BCCI official
Clerical error: BCCI replaces Deepak with brother Rahul
The BCCI had sent a release which had Deepak’s name in the BP XI squad, which raised a lot of eyebrows