rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Sports » Will SRK manage to buy stake in I-League club Dempo?

Will SRK manage to buy stake in I-League club Dempo?

January 07, 2013 14:25 IST

Bollywood actor Shah Rukh Khan's proposed deal to buy stake in the Goa-based Dempo Sports Club is reportedly "dying out" as the superstar is finding it difficult to attend soccer matches as required by a clause.

Dempo Sports Club owner Srinivas Dempo said that the deal may not materialise as Shah Rukh has no time to attend the matches, which was a crucial understanding in the deal.

Shah Rukh KhanThe club had approached Shah Rukh, who is the co-owner of IPL team Kolkata Knight Riders, to pick up a stake in the club, the winner of last year's I-League championship.

"The proposal is still in the pipeline. Officially it has not been called off", Dempo said, adding the draft of the agreement had a clause that Shah Rukh will attend at least 8-10 matches annually.

"But he (Shah Rukh) has indicated that he is finding it difficult. We are yet to reply to him", Dempo said.

He did not reveal the exact stake the actor was supposed to pick up in the Dempo Sports Club nicknamed 'The Whites'.

Dempo said the majority stake would have remained with the parent management even after inking the deal with Shah Rukh.

"It was not about the money; it was about the popularity of the club. At least for important matches we were expecting his presence", added Dempo.

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.