Saving is important for the Mumbai shuttler, who plans to buy a house soon.
CHIRAG SHETTY, one half of India’s best badminton doubles pair, shares how he invests his income and his plans to buy a house in Mumbai.
Court coverage is critical for a badminton player, so is financial coverage. Potential Olympian Chirag Shetty understands that. While the 22-year-old doubles world No. 16 in the BWF rankings does not watch the Budget, he certainly knows where to park his moolah.
“I know that the Indian economy is not doing so well. I am aware that inflation has risen. But as long as I am earning money, it won’t be that much of a factor [for me personally]. If I earn less, it will be an issue,” Shetty, who, along with partner Satwiksairaj Rankireddy, is in contention for a spot at the Tokyo Olympics, says.
Shetty’s father Chandrashekhar, a hotelier and seasoned stock market hand, guides his son in money matters.
<p>Chirag Shetty (L) and partner Satwiksairaj Rankireddy are in contention for a spot at the Tokyo Olympics.</p><p><br></p> “My financial planning is done mostly by my father,” says Shetty.
“I invest a lot in stocks and mutual funds. I also invest in my dad’s business. I started earning at 18 and may earn through sport till 30-35 max [maximum]. I have a job with Indian Oil. I need to think about an alternate career for later.”
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Saving is important for the Mumbai lad, who plans to buy a house soon.
“I am looking for an apartment in the suburbs. If I do well, I may consider South Mumbai.” Shetty admires the way Virat Kohli and PV Sindhu have structured their earnings.
“Kohli and Sindhu have diversified investments. It is not just in sports. Kohli owns a restaurant and a brand as well,” he said.
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From PV Sindhu To Chirag Shetty, Here Are The Highest-Paid Players In Premier Badminton League
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The auction for the 5th edition of the Premier Badminton League (PBL), held on Tuesday, saw prominent and established players from the world of badminton on the block.Several players, including champion PV Sindhu, and world number 1 women’s singles player Tai Tzu Ying, were in the pool.
For the uninitiated, each franchise had a budget of Rs 2 crore and as a result, they could not spend more than Rs 77 lakh on a single player. The teams can have a maximum of six foreign players and a minimum of three female shuttlers in a squad of not more than 11 players.
The next edition of PBL will see 74 shuttlers battle it out from January 20 to February 9. If you missed the auction, fret not! We’ve covered all the highlights of the event to keep you up to date.
The auction for the 5th edition of the Premier Badminton League (PBL), held on Tuesday, saw prominent and established players from the world of badminton on the block.Several players, including champ..
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The highlight of the PBL auction was World Champion and India’s pride, PV Sindhu, bagging the maximum amount of Rs 77 lakh. Sindhu had played the league last year as a part of Hyderabad Hunters and was retained by the same team this time.
World number 1 women’s singles player, Tai Tzu Ying, who hails from Taiwan, was also bought for a joint highest amount of Rs 77 lakh. It was a close call, as the bidding war between Pune 7 Aces and Bengaluru Raptors was intense. Eventually, the Bengaluru Raptors, the previous year champions emerged victorious and won Ying.
Though both Sindhu and Ying have bagged the same amount, what’s noteworthy here is that Sindhu had lost her match against Ying in the 2019 French Open (badminton).
The highlight of the PBL auction was World Champion and India’s pride, PV Sindhu, bagging the maximum amount of Rs 77 lakh. Sindhu had played the league last year as a part of Hyderabad Hunters and w..
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Indian badminton player, B Sai Praneeth, was also retained by his team, Bengaluru Raptors, for Rs 32 lakhs. For the uninitiated, Praneeth is the first Indian male shuttler in 36 years to win a bronze medal in the BWF World Championships in 2019 after Prakash Padukone in 1983.
What’s more? Men’s doubles player B Sumeeth Reddy was also retained by his original team, Chennai Superstarz, for Rs 11 lakhs. Chirag Shetty, who has won a gold in the Commonwealth Games in 2018, bagged Rs 15.50 lakhs and was retained by Pune 7 Aces.
Indian badminton player, B Sai Praneeth, was also retained by his team, Bengaluru Raptors, for Rs 32 lakhs. For the uninitiated, Praneeth is the first Indian male shuttler in 36 years to win a bronze..
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Just when it seemed like Bengaluru Raptors and Chennai Superstarz were taking all the big players, Awadh Warrior stepped in. World number 9 American women's singles player Beiwan Zhang was retained by Awadhe Warriors for Rs 39 lakhs. Zhang bagged the highest amount after Sindhu and Ying.
National badminton coach Pullela Gopichand's daughter Gayatri Gopichand was bought by Chennai Superstarz, while Ashmita Chaliha, went to her home team, North Eastern Warriors, for Rs 3 lakhs.
Just when it seemed like Bengaluru Raptors and Chennai Superstarz were taking all the big players, Awadh Warrior stepped in. World number 9 American women's singles player Beiwan Zhang was retained b..
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The 5th edition of PBL has lost some of its shine because London Olympics Bronze medalist Saina Nehwal and badminton player Kidambi Srikanth have pulled out of the tournament.
While Srikanth wanted to focus on the international events after 2020 Tokyo Olympics, Nehwal wanted to prepare herself for the next international season. Nehwal had played the last edition of PBL with the team North Eastern Warriors.
The 5th edition of PBL has lost some of its shine because London Olympics Bronze medalist Saina Nehwal and badminton player Kidambi Srikanth have pulled out of the tournament.While Srikanth wanted to..
