The IPL 2024 mini-auction in Dubai threw up some staggering numbers, with Australia's World Cup winners clinching the most lucrative contracts in the history of the tournament.
Left-arm fast bowler Mitchell Starc was the most sought after player, returning to the league after eight years. The all-format champion became the most expensive player ever in IPL, snapped up by Kolkata Knight Riders for almost $3 million, edging ahead of his captain Pat Cummins who had earlier become the first cricketer to breach the 200 million rupee mark.
Given the small pool of players and sizeable purses available, some players attracted much bigger bids than they would have during the main auction, as the attention of franchises was trained on a handful of names.
What it means now is that the top four most expensive players in IPL are all overseas names. Here, we take a look at the most expensive players at next year's tournament.
Highest-paid cricketers of IPL 2024
1. Mitchell Starc (Kolkata Knight Riders): 247.5 million rupees ($2.98m)
2. Pat Cummins (Sunrisers Hyderabad): 205m rupees ($2.46m)
3. Sam Curran (Punjab Kings): 185 million rupees ($2.22m)
4. Cameron Green (Royal Challengers Bangalore): 175m rupees ($2.1m)
5. KL Rahul (Lucknow Super Giants): 170m rupees ($2m)
6= Nicholas Pooran (Lucknow Super Giants): 160m rupees ($1.92m)
6= Ravindra Jadeja (Chennai Super Kings): 160m rupees ($1.92m)
6= Rishabh Pant (Delhi Capitals): 160m rupees ($1.92m)
6= Andre Russell (Kolkata Knight Riders): 160m rupees ($1.92m)
6= Rohit Sharma (Mumbai Indians): 160m rupees ($1.92m)
11. Ishan Kishan (Mumbai Indians): 152.5m rupees ($1.83m)
12= Hardik Pandya (Mumbai Indians): 150m rupees ($1.8m)
12= Rashid Khan (Gujarat Titans): 150m rupees ($1.8m)
12= Virat Kohli (Royal Challengers Bangalore): 150m rupees ($1.8m)
15= Daryl Mitchell (Chennai Super Kings): 140m rupees ($1.68m)
15= Sanju Samson (Rajasthan Royals): 140m rupees ($1.68m)
15= Deepak Chahar (Chennai Super Kings): 140m rupees ($1.68m)
18. Shreyas Iyer (Kolkata Knight Riders): 122.5m rupees ($1.47m)
19= Jasprit Bumrah (Mumbai Indians): 120m rupees ($1.44m)
19= MS Dhoni (Chennai Super Kings): 120m rupees ($1.44m)
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
The five pillars of Islam
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Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer