The Indian Premier League's new franchise Rendezvous Sports World (RSW) has threatened to sue IPL commissioner Lalit Modi for breaking the confidentiality terms.
The Bombay High Court has dismissed the petitions of the Board of Control for Cricket in India (BCCI) challenging arbitral awards of over Rs 538 crore (Rs 5,038 million) in favour of the now-defunct Indian Premier League franchise Kochi Tuskers Kerala.
The 46-year-old Brad Hodge had played 14 games for KTK, scoring 285 runs at an average of 35.63. He was bought by Kochi Tuskers for $US425,000 at the 2010 auction.
Sunanda, who was not married to Tharoor then, had refuted allegations of any wrongdoing.
According to one of the Kochi team co-owners, Modi had driven them to 'madness'.
Amid fast-moving developments in the controversy surrounding the Kochi IPL franchise, the BCCI on Sunday decided to put off its Working Committee meeting, which was scheduled on Saturday.
Kerala Cricket Association secretary T C Mathew says the public spat between the IPL commissioner Lalit Modi and Minister of State for External Affairs Sashi Tharoor is the result of forces trying to sabotage the Kochi IPL team.
Rendezvous Sports World Limited co-owner Vivek Venugopal on the IPL franchise's plans for the Kochi team.
Satyajit Gaikwad, who has been eased out as spokeperson of the Kochi IPL team, speaks of the behind the scenes activity before and after the Kochi team won the IPL bid in an exclusive interview.
Senior Congress leader Narhari Amin on Thursday alleged that it was at Gujarat Chief Minister Narendra Modi's behest that IPL commissioner Lalit Modi is trying to thwart the Kochi franchise.
Advocate Rahul Mehra, who has filed a PIL against almost all major sporting bodies in India demanding them to come clean, feels there is no case of corruption against Sashi Tharoor vis-a-vis the IPL Kochi franchise.
The Shashi Tharoor-Lalit Modi stand-off over the Kochi IPL team reached the Supreme Court on Tuesday with a petition seeking a CBI probe into the Union Minister's alleged proxy stakes in the Rs 1533-crore franchise, won by a consortium, Rendezvous Sports World. Alternatively, the petition urged the apex court to constitute a special investigation team to probe the allegations.
IPL Commissioner Lalit Modi disclosed the names of the free equity holders in the little-known RSW, which coughed up approximately Rs 1533 crore to bag the Kochi franchise, a move that put Minister of State for External Affairs Shashi Tharoor in a spot of bother, as Sunanda Pushkar, the lady he is reportedly planning to marry, figures in the list.
Pune and Kochi are the two teams for the forthcoming editions of the Indian Premier League, commissioner Lalit Modi announced in Chennai, on Sunday. Sahara successfully won the Pune franchise after they bid the highest amount of US $370 million, while the Kochi team was won by a consortium Rendezvous Sports for a whopping amount of $333 million.
P T Keshav, the CEO of Rendezvous Sports World (RSW) consortium that bid successfully for the Kochi Indian Premier League franchise for $333.33 million, had an 'operational' meeting with IPL CEO Sundar Raman and sports management group IMG in Mumbai on Tuesday.
According to an official in the finance ministry, Pushkar, if an employee of Rendezvous, would have to pay 33 per cent perquisite tax. Otherwise, she is liable to pay gift tax under section 56 of the Income Tax Act, since the shares were given to her without taking any consideration (compensation). "The value of shares will be determined by a merchant banker if it is a perquisite tax," the official said.
Sunanda Pushkar on Sunday quit Rendezvous Sports World which is a stakeholder in IPL Kochi after she decided to return her free equity worth Rs 70 crore to the franchise in a last ditch attempt to save her friend, Union minister Shashi Tharoor.
Rendezvous Sports World, part of the consortium that owns Kochi franchise of the Indian Premier League (IPL), may not be technically having the "sweat equity" that they claim to have.
Told to take money and withdraw, the successful but frightened Kochi franchise winners seek Sonia's protection.
Minister of State for External Affairs Shashi Tharoor himself may not be a stakeholder but the lady he is reportedly planning to marry is part of the consortium which owns the Kochi franchise of the Indian Premier League, revealed IPL commissioner Lalit Modi.
Former IPL commissioner Lalit Modi's lawyer Mehmood Abdi said that his client stands vindicated on the controversy surrounding the erstwhile Kochi franchise following outbursts by Shahshi Tharoor's wife Sunanda Pushkar who died recently.
After a round of questioning of Shashi Tharoor, the Delhi police on Wednesday made it clear that it will probe if the IPL angle was related to the death of his wife Sunanda Pushkar.
Politician Amar Singh was on Wednesday questioned for nearly two hours by a special team of Delhi Police probing the Sunanda Pushkar case after he had recently claimed that she had spoken to him about the Indian Premier League controversy a couple of days before her death.
A special investigation team of the Delhi police on Friday questioned senior journalist Nalini Singh in connection with the murder case of former union minister Shashi Tharoor's wife Sunanda Pushkar.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances