Some of his Bollywood peers own one. But Saif Ali Khan says he has moved on from his dream of owning an Indian Premier League (IPL) team since he’s “not a billionaire” and wants to focus on acting and production instead. “We were at one point considering getting involved (in IPL), but now I think [...]
Posts Tagged ‘IPL’
No IPL, I’m not a billionaire: Saif Ali Khan
January 20th, 2011 |
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The Indian Premier League: Go fetch that
January 13th, 2011 |
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One of the world’s most controversial sporting events is back on track
THE lobby of the Royal Gardenia, an “eco-friendly” five-star hotel, was crowded with television crews and photographers on January 8th and 9th. Bollywood stars and business tycoons were also on display, including Bangalore’s “King of Good Times”, Vijay Mallya, a flamboyant brewer and airline owner. They were shopping for cricketers to play for their respective teams in the Indian Premier League (IPL), a three-year-old contest that has transformed India’s favourite game and transfixed the country. In a two-day player auction watched live on television by around 19m people, 127 cricketers were sold for $62m.
For the owners and the IPL’s organisers, this was cause for relief. Since the conclusion of its third six-week season, last April, the league has been beset by feuding and scandal on an all-India scale. A high-profile minister, Shashi Tharoor, lost his job in a row over the finances of a new IPL team for which he had lobbied. The league’s charismatic creator and boss, Lalit Modi, was charged by India’s cricket board with taking multi-million-dollar kickbacks and other misdemeanours. (Both men deny wrongdoing.) Two of the IPL’s ten teams, based in Rajasthan and Punjab, were accused of irregularities in their ownership and expelled. They were reinstated last month, at least temporarily, on the courts’ say-so. On the eve of the auction, there were rumours it would be cancelled and the next season, due in April, postponed. But the brouhaha now seems overdone. The IPL, which is estimated to be worth over $4 billion, is probably too big to fail. …
Cricketers auction for IPL 4 begins in Bangalore
January 8th, 2011 |
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Seated eight to a table at the over 7,000 sq ft pillar-less Mysore Hall of ITC Royal Gardenia Hotel here, business leaders and film stars Saturday began picking up cricketers for the Indian Premier League’s (IPL) fourth season. The IPL-4 beginning April 8 will see 10 teams and 74 matches in the shortest version of [...]
Kumble hangs up his boots, withdraws from IPL auction
January 4th, 2011 |
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Legendary leg spinner and former India Test captain Anil Kumble has withdrawn from the Indian Premier League (IPL) auction in Bangalore later this week, it announced here Tuesday. Kumble, who turned around the fortunes of IPL team Royal Challengers Bangalore (RCB), “cited business commitments, including his association with cricket and wildlife in various capacities, as [...]
Pak fast bowler Irfan still awaiting NOC from PCB to play for Kolkata in IPL
September 11th, 2010 |
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Pakistan fast bowler, Mohammad Irfan, has been waiting for a no-objection certificate (NOC) from the Pakistan Cricket Board (PCB), to finalize a 75,000 dollar deal with Indian Premier League (IPL) franchisee Kolkata Knight Riders (KKR). “All the formalities of the deal with Kolkata Knight Riders have been finalised, but now I require a NOC from [...]
India’s cricket scandals: Modi blues
April 29th, 2010 |
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The boss of the crisis-stricken Indian Premier League takes a tumble
AROUND midnight on April 25th, as the final of the third season of the Indian Premier League (IPL) came to a close, Lalit Modi, the cricket tournament’s manager and mastermind, declared to a dwindling crowd, “I reassure millions of passionate fans of the league and the game across the globe that IPL is clean and transparent.” Moments later the BCCI, India’s cricket board, which owns the IPL, suspended him while investigating claims that the opposite is true.
Mr Modi is said to have presided over a litany of financial irregularities at the IPL, whose short and fast-paced version of cricket, called Twenty20, has been wildly popular and a commercial success, generating billions of dollars in broadcasting rights and attracting lavish bids for the privilege of owning a team. According to Shashank Manohar, the BCCI’s president, “misdemeanours” on Mr Modi’s part “have brought a bad name to the administration of cricket and the game itself.” …
Lalit Modi suspended from BCCI
April 26th, 2010 |
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Controversial and high-profile Lalit Modi was on Sunday night suspended as IPL Commissioner for alleged “individual misdemeanours” capping fortnight-long dramatic developments that opened a can of worms in the administration of the popular cricket league.
The BCCI sent the suspension letter via email after the IPL final and the presentation ceremony were over just after Sunday [...]
IPL Final : Cheenai Super Kings win the toss
April 25th, 2010 |
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Delhi: IPL final today at navi mumbai , Start After some time , Chennai Super king win the toss and decide to bat first .
The Indian Premier League’s third season is set for a grand cricketing finale IPL Final none the less with Mumbai Indians, sweating over talismanic skipper Sachin Tendulkar’s fitness, taking on Chennai [...]
Joint ED-IT team questions Lalit Modi
April 23rd, 2010 |
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IPL Chairman Lalit Modi on Thursday questioned by a joint team of Income Tax and Enforcement Directorate officials probing alleged financial irregularities by the T20 cricket body and its franchises.
Officials of the two agencies began the exercise around 8.30 this morning at Modi’s office at upscale Four Seasons hotel in central Mumbai and later shifted [...]
BJP, Congress seek transparency in IPL functioning
April 22nd, 2010 |
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Expressing concern over the controversy surrounding the cricket Indian Premier League (IPL), the Congress and Bharatiya Janata Party (BJP) Thursday demanded transparency and accountability in its functioning.
Initiating a debate in the Rajya Sabha on the working of the ministry of youth affairs and sports, Congress member Jayanti Natarjan termed the IPL as an “example of [...]
IPL governing council meet as scheduled: BCCI chief
April 22nd, 2010 |
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Amidst nationwide tax probe on the Indian Premier League (IPL) and its franchises, the chief of the country’s cricket administration Thursday said the tournament’s governing council meet April 26 will go ahead as scheduled despite questions raised by its chief Lalit Modi.
“Under the board constitution, the secretary is the convenor of all meetings. Even today [...]
I am totally hosting IPL awards, says Karan Johar
April 22nd, 2010 |
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Director-producer Karan Johar says he is going ahead with plans to host the Indian Premier League (IPL) Awards despite the controversy surrounding the cricket extravaganza, which he describes as one of India’s most “prestigious brands”.
“I am totally hosting it and I think IPL is one of the most entertaining and prestigious brands of India,” Karan [...]
No misconduct by Srinivasan on Chennai IPL franchise: Manohar
April 22nd, 2010 |
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Board of Control for Cricket in India (BCCI) President Shashank Manohar Thursday rubbished charges of impropriety by its secretary N. Srinivasan, whose India Cements owns the Chennai franchise of Indian Premier League (IPL).
As charges both by IPL Commissioner Lalit K. Modi and those in the opposing camp of the cricket administration flew thick and fast, [...]
Pranab, Pawar, Chidambaram meet over IPL row
April 20th, 2010 |
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In the backdrop of the Indian Premier League (IPL) row and the probe ordered by the government into its funding, three senior ministers – Pranab Mukherjee, P. Chidambaram and Sharad Pawar – met Tuesday in parliament house.
The 15 minute-meeting between the three ministers was held amid reports that IPL commissioner Lalit Modi may quit or [...]
IPL semis, final live on YouTube for US fans
April 20th, 2010 |
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Cricket fans in the US will be able to watch the semifinal and final matches of this year’s Indian Premier League (IPL) cricket tournament live on YouTube this week thanks to a multi-year agreement signed in January.
Previously US fans had to sign up for subscription-based online sports site Willow.tv and pay $60 to stream the [...]
Tracking IPL’s treasurechest: Modi under scanner
April 19th, 2010 |
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With charges of money laundering flowing thick and fast, it seems Indian Premier League (IPL) chief Lalit Modi will have a lot of explain as the government gears up to probe all dealings of the $4.1 billion cricketing extravagana.
What is expected to make matters worse is that IPL’s parent, the all-powerful Board of Control for [...]
MPs demand ban on IPL ‘gambling’, government declares probe
April 19th, 2010 |
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Parliament resumed its normal business Monday after days of turmoil over the IPL row that led to the resignation of Shashi Tharoor from the government, but the opposition demanded a thorough probe into the alleged money laundering in the cash-rich Indian Premier League (IPL),
Following vocal demands from the opposition Left and other parties, Finance Minister [...]
IPL is money laundering, ban it, say MPs
April 19th, 2010 |
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A call to ban and probe the funding source of the cash-rich Indian Premier League (IPL) cricket tournament grew louder in parliament Monday, a day after Shashi Tharoor quit the government over his controversial link to the IPL Kochi franchise.
Opposition MPs in the Lok Sabha termed IPL as “gambling” in the name of cricket and [...]
Why only Tharoor, probe entire IPL: Lalu
April 19th, 2010 |
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The government should probe the “gambling and betting” business of the cash-rich Indian Premier League (IPL) cricket tournament, Rashtriya Janata Dal (RJD) chief Lalu Prasad said Monday, a day after Shashi Tharoor quit as minister of state for external affairs over the IPL row.
“Why target Tharoor only? The main culprit is this IPL. This is [...]