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( DLF )Modi -- Tharoor Showdown!!

( DLF )Modi -- Tharoor Showdown!!  

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Why the hell does modi release every official ipl news on twitter? Does he not have an official website for ipl? He is running ipl like his own grocery shop. That speaks volumes of indian cricket administration. It is a bunch of egoistic and autocratic men.

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Tharoor is such a jerk..the guy has been such a disaster for Congress and country on the whole, its scary to think that we backed this cowboy for the post of UN head! I remember he had clearly denied having any 'business or equity' interest in the franchise on the day of the auction and now his socialite girlfriend has been revealed as a18% owner of the franchise. :finger:

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Shashi caught in lady storm Modi tweet opens IPL can of worms SAMYABRATA RAY GOSWAMI Mumbai, April 12: Shashi Tharoor’s friend Sunanda Pushkar was given free equity by IPL Kochi and the junior foreign minister advised against prying into the consortium’s ownership, Lalit Modi has disclosed on Twitter. The claim by the IPL commissioner has sucked the junior foreign minister into the biggest controversy in his short but tumultuous political career. Modi’s revelation, which has prompted the Kochi team consortium led by Rendezvous to threaten to sue the IPL commissioner, raises the question why an acquaintance of a minister was given free equity and brings under strain Tharoor’s assertion so far that his role in the consortium was limited to that of a “mentorâ€. Wielding the same weapon that pitchforked Tharoor to the top of the popularity charts, Modi used Twitter with devastating effect on Sunday. A tweet by one of Modi’s followers Roshan Dev @LalitKModi asked: “Does sashi tharoor owns (sic!) something??†In an uncharacteristic display of candour, Modi tweeted back: “a big? I was told by him not to get into who owns rendezvous. Specially Sunanda Pushkar. Why? The same has been minuted in my records. “25% of kochi team is given free to Rendezvous sports for life. The same equity is non dilutable in perpetuity. What does that mean? Why? Wait “Who are the shareholders of rendezvous. And why have they been given this 100's of million dollar bonanza? “Kochi shareholders are: Rendezvous 25% free, Rendezvous 1%, Anchor 27%, Parinee 26%, Film waves combine 12%, Anand Shyam 8%, Vivek venugopal 1%. “Rendezvous free equity - held by kisan, shailender & pushpa gaikwad, Sunanda pushkar, Puja gulathi, jayant kotalwar, vishnu prasad, sundip agarwal.†Sunanda, who has been seen with Tharoor at several places, including in Guwahati last week, is said to have been given an 18 per cent stake in the Kochi team. But sources close to Tharoor in Kerala claimed the stake was no more than 4.7 per cent, which they justified as “sweat equity, keeping future contributions in mindâ€. The size of the stake is immaterial as the key question is why a member of a consortium that paid as much as Rs 1,533 crore will give away a part of its shares free to a person who is closely associated with Tharoor. The minister did not respond to questions on the issue today. Those who have been gifted such free equity include Kochi team CEO and Rendezvous promoter Shailendra Gaekwad. IPL sources said Gaekwad, also known as Pradeep Gaekwad, was a close friend of a top Indian cricketer. “He was born and brought up in Maharashtra’s Sholapur town. He owns a small auto agency there. His wife works with the Road Transport Office in Pune,†said an IPL source. The Companies Act has no provisions for any “free equity†(shares given to an individual or company for free). Free shares can only be given to an existing shareholder as a reward. Or they can be given as a bonus but will have to be proportionately divided among all shareholders. But such rules do not apply if a company is not registered in India. IPL sources said it was unclear whether Rendezvous was registered in India or abroad. Tharoor, who had run into controversies earlier over his tweets, had said the day the consortium won the franchise for his home state: “All I did on my part was to offer encouragement, blessings and expert advice when required to the bidders. Beyond that, I had no role to play.†The articulate minister, who had sought the advice of BJP leader and lawyer Arun Jaitely on the auction process, had added: “I am not even sure whether I know all of them, nor do I have any knowledge of the decision that how much they were going to bid. I know this Rendezvous Sports World and had met the Gaekwad brothers. I have given them all kind of encouragement but my role was limited. It was like...what shall I say...mentor sounds too grand a word.†The sources said the BCCI had washed its hands of Modi, who has been accused of breaching trust and violating a confidentiality clause. Rendezvous has sent a letter to the board in which it has threatened to sue Modi. The Tharoor camp believes Modi or someone close to him wanted to buy the Kochi team and the tweets are part of a continuing attempt to derail the consortium. The Kochi team won the IPL franchise through a second auction on March 23 after the first on March 9 was cancelled because of inadequate bidders. Consumer goods company Videocon was the only group to make a successful bid at the first auction in Mumbai but the IPL governing council eventually overruled Modi and cancelled the round. Later, Videocon had to bow to Sahara and Rendezvous at the auction held in Chennai on March 23. Sahara, with the highest bid of $370 million, had bagged Pune, and Rendezvous, with the second highest figure of $333 million, had picked up Kochi, leaving Videocon at third place with its $319.9-million bid. Had the Rendezvous deal, which has been signed with the BCCI, for Kochi fallen through for some reason, Videocon would have inherited Kochi. “According to the terms of the IPL tender for the two new teams, if Rendezvous fails to sign the contract with the BCCI within 30 days of submitting the bid, Videocon, the third highest bidder, would become the new owner of the Kochi team,†said an IPL source. Although the deal has been signed, the consortium’s detractors are hoping that a controversy might force the board to take a relook.

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IPL, being a monopolistic business, is easy money. No wonder politicians wants a piece of the pie. First of all they there are so much secrecy agreements? Why can't they disclose every thing about investors, how much franchises make? How much IPL make? What do they do with money IPL earns? etc...! Unfortunately our media is sucked into the popularity of IPL, they dont raise such questions...!

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It's an all out Indian Premier League (IPL) war, with Commissioner Lalit Modi pitted against Minister of State for External Affairs Minister Shashi Tharoor. After TIMES NOW revealed that Modi in his email to BCCI Chief clearly stated it was Tharoor who called him and instructed him not to reveal identities of the stakeholders of Kochi IPL franchisee, the Minister of State for External Affairs on Tuesday (April 13) denied these claims. In his official statement Shashi Tharoor accuses Modi of pressurising the consortium members to abandon their bid in favour of another city in a different state. Tharoor also denies Lalit Modi's allegation that he called him during his meeting with investors in the Kochi consortium in Bangalore on Saturday night to press him not to question the composition of the consortium. Tharoor also says he called in order to ask why Modi was further delaying the approval of the franchise when all the legal requirements had been fulfilled. "Various attempts were made by Mr. Modi and others to pressure the consortium members to abandon their bid in favour of another city in a different state. Mr. Modi raised assorted objections to the bid documents but finally had no choice but to approve them. However, I deny Mr Lalit Modi's allegation that I called him during his meeting with investors in the Kochi consortium in Bangalore on Saturday night in order to press him not to question the composition of the consortium. I called Mr Modi to ask why he was further delaying the approval of the franchise when all the legal requirements had been fulfilled,” says Tharoor. On the question of Tharoor’s interests in the franchise he adds, “I repeat that I am proud to have helped the consortium come to Kerala. I have neither invested nor received a rupee for my mentorship of the team. Whatever my personal relationships with any of the consortium members, I do not intend to benefit in any way financially from my association with the team now or at a later stage.” “A Kerala IPL team is a dream of many young people in and from the state. It has the potential to bring great material and psychological benefits to Kerala’s economy and society. The unethical efforts that have been made by Mr. Modi and others to thwart the Kerala franchise which had been won fair and square in a transparent bidding process are disgraceful. It has been clear for some time that the real motive is to assign this IPL team elsewhere than Kerala. All of us in Kerala hope that the BCCI will not permit statements and activities which seek to discredit the Kerala team before it has even had a chance to prove its worth. The public attempts by Mr. Modi to besmirch the consortium in fact bring the IPL itself into disrepute. This statement is issued by me in a personal capacity to respond to the allegations made against me personally,” his statement adds. Also, Tharoor's aide on Tuesday (April 13) tweeted on Lalit Modi and the controversy. Jacob Joseph- Tharoor's OSD has posted a news report link on Modi's past drug offense in US. Before that he tweets on how Lalit Modi's brother-in-law is co-owner of Rajasthan Royals, while Gaurav Burman, Modi's step son-in-law is a co-owner of Punjab franchise. The e-mail trail between the BCCI and Lalit Modi exposes what exactly transpired between Modi and Tharoor. Modi in his email to BCCI Chief Shashank Manohar clearly states it was Tharoor who called him and instructed him not to reveal identities of the stakeholders of Kochi IPL franchisee. The BCCI in return told Modi he was at fault for breaching code of conduct by revealing names on a public networking site. Meanwhile, Rendezvous co-owner Venugopal has also shot an e-mail to the BCCI complaining against Modi for making the shareholding pattern of the owners public.
:popcorn:

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Modi perhaps has bitten off more than he can chew this time. It was only a matter of time anyway. Who knows - India being what it is, I will not be surprised if he walks away from this unscathed. Relatively speaking of course :)

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How can a auto agent from solapur own an IPL team? Seems like IPL is easy way to park black money for politicians and businessmen.

At the Haji Ali address given by Shailendra Gaikwad, the nameplate on the door of the official government quarters reads Ravi Gaikwad. When the door opened, a man who refused to reveal his identity first said he had no idea who Shailendra Gaikwad was. When questioned about IPL and the Kochi team, a woman interrupted from inside and said there are “too many Gaikwads in this building”. When told that this was the address referred to for Shailendra, the couple first said, “We have no contact with Shailendra”, and then changed it to “Give us your contact details, we will inform Shailendra”. Asked to identify himself, the man said he was Nimesh Joshi. “I have just come to meet Ravi Gaikwad. He is not at home.” But neighbours and security guards of the building said the man was Ravi Gaikwad, a RTO officer, and the woman, his wife. The family, they said, has its roots in Solapur. State government sources said that Ravi joined the transport department in the mid-1990s, is currently posted in a district in Marathwada, but had not reported to work. RTO sources said Ravi is a huge cricket buff and is known to have links in the cricketing fraternity. “He has excellent rapport with cricketers such as Vinod Kambli. If there was any cricket tournament that had to be hosted in his hometown in Solapur, he would get well-known cricketers for the event,” said one RTO official. “He used to boast of his connections not only in official circles but also politically. He used to claim his relatives were MPs and MLAs.”

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IPL: Tharoor aide calls Modi 'drug peddler'

New Delhi: It's an open war between Minister of State for External Affairs Shashi Tharoor and IPL commissioner Lalit Modi over the ownership of the new Kochi team with Tharoor's key aide calling Modi a "convicted drug peddler". Jacob Joseph, speaking exclusively to CNN-IBN, said: "What is the controversy about the Kochi team? Is there anybody there related to Tharoor. There are a lot of people seen at different public functions with him. Why single out Sunanda Pushkar? He is married to Crista Gilles, she lives in New York." He went on to add that "we have not got any communication from the BCCI. They hasve said our papers are in order. And for your information Modi is someone who was convicted for possession of 400 grams of cocaine and charged with assault and kidnapping. He has even served a two-year sentence and those are the kind of people who we put in charge of cricket in this country. "Why isn't he releasing the ownership of other team members? Why does he not release the holding of Rajasthan Royals?" Jacob also alleged that Modi had threatened to pull games out of Kerala and give them no access to the big players. "I am going to make sure you guys get the worst name, worst jerseys, and that you will not get access to the great players. He has openly said it," said Jacob. The aide went on to add that this issue was not about "Tharoor or Modi, but about Tharoor and the rest of Kerala." "We are going to take this on. How dare he say anything against the Kerala IPL team. He told in DNA that Kerala team will bring disrepute to IPL. How dare he says that? "Lalit Modi has brought disrepute to the name of IPL and cricket. Tharoor has no links to any of the owners. He fought for the IPL team just like we will fight for an airport, for a seaport and any other improvement we can do for Kerala. We have no ownership, we have done all this for the love of cricket and for the love of Kerala," he said. Tharoor and Modi went on a collision course after the IPL commissioner went public on Twitter on Monday questioning the ownership of the Kochi franchise. Modi trained his guns at the stake of one Sunanda Pushkar, tweeting: "I was told by him not to get into who owns Rendezvous, especially Sunanda Pushkar. Why?" The lady in question is reportedly close to the minister. While not much is actually known about the lady and her link with the consortium that bought the Kochi IPL team, sources have told CNN-IBN that Modi believes Tharoor played spin-doctor to ensure that Sunanda Pushkar gets the 4.5 per cent equity that is said to be worth between Rs 60 and 80 crore. Rendezvous responded to Modi's tweets by saying that he's violating confidentiality agreements about ownership of teams, and threatened to sue him. And reportedly, the IPL commissioner was also pulled up by the BCCI president Shashank Manohar for his public disclosure.
lol .. the Tharoor aide says that L Modi has also openly warned them that he would not let any matches to be held in Kerela, will make sure no big players is selected in Kerela team and also make sure that they have the worst jersey ... so will it mean we will see Kerela in pink jerseys next year :giggle: :popcorn:

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There was no need for a Kochi or a Pune team. There's no team from Central India. Politicians should stop meddling in IPL matters. Now Politicians will try to get franchise of their hometown/city. Team from Kochi? It's not even a regular cricket center, holding occasional ODI matches and so is Pune. There are not many cricketers from Kerela, and we have a Kochi IPL team, just because one Tharoor wanted to have his own team.

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Sonia meets Tharoor's boss over IPL row External Affairs Minister S M Krishna on Tuesday met Congress president Sonia Gandhi in the wake of the controversy surrounding Minister of State Shashi Tharoor's role in the IPL's Kochi team Krishna drove past waiting newsmen outside Gandhi's residence without answering any questions from them. Congress Member of Parliament Rajeev Shukla, who is vice president of the Board of Cricket Control of India , also held a meeting with Gandhi. Shukla, however, claimed that he did not discuss the Tharoor issue with the Congress president. "This issue was not discussed with her," Shukla said after meeting Gandhi. Tharoor, who is locked in a fresh controversy around the Kochi IPL team which he helped set up, on Tuesday hit back at IPL boss Lalit Modi , alleging he had made attempts to pressure the winning consortium to abandon their bid for the Kerala outfit. Tharoor also denied that he had told Modi not to ask details about owners of the consortium led by Rendezvous that bought the new franchisee. In a statement, the minister of state for external affairs trained his guns on the powerful cricket board official , alleging that various attempts were made by Modi and others to pressure the members of the consortium to abandon their bid in favour of another city in a different state. "I deny Lalit Modi's allegation that I called him during his meeting with investors in the Kochi consortium in Bangalore on Saturday night in order to press him not to question the composition of the consortium," Tharoor said.

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There was no need for a Kochi or a Pune team. There's no team from Central India. Politicians should stop meddling in IPL matters. Now Politicians will try to get franchise of their hometown/city. Team from Kochi? It's not even a regular cricket center, holding occasional ODI matches and so is Pune. There are not many cricketers from Kerela, and we have a Kochi IPL team, just because one Tharoor wanted to have his own team.
well its an open competition.. anyone can own team as long as he throws in the money.. why Modi shud have a problem with Kochi ..??

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well its an open competition.. anyone can own team as long as he throws in the money.. why Modi shud have a problem with Kochi ..??
Modi's got a problem coz he wanted the Dhoot's of Videocon to own a team, am sure thats how he earns his bread! However on the other hand, if Tharoor's girl does own 18% equity as is being said, then Tharoor is sitting on a cool Rs. 250 crores..I dont blame him for not wanting to disclose that kind of investment!! :--D

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have a bad feeling over this' date=' BJP gets a topic to raise and Tharoor getting fired by the Congress[/quote'] That wont be such a bad thing to happen..would it? :hysterical:

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Modi's got a problem coz he wanted the Dhoot's of Videocon to own a team, am sure thats how he earns his bread! However on the other hand, if Tharoor's girl does own 18% equity as is being said, then Tharoor is sitting on a cool Rs. 250 crores..I dont blame him for not wanting to disclose that kind of investment!! :--D
I dont think it is Tharoor's money. He's joined politics very recently to earn that kind of money. I think it is gifted to him by other investors as a gratitude for getting a franchise.

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I dont think it is Tharoor's money. He's joined politics very recently to earn that kind of money. I think it is gifted to him by other investors as a gratitude for getting a franchise.
Rs. 250 crores out of gratitude..you kidding??? Even if their was a sweat equity component, it cant be as high as 18%. Sweat equity seldom goes beyond 5%. Even otherwise, Tharoor is a minister in the Government of India, he should not have lied about his business interest in the IPL franchise. I think Tharoor is Fecked here.

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BCCI raps Modi over Kochi revelations on Twitter Cricinfo staff April 13, 2010 Text size: A | A The controversy over the revelation of the Kochi franchise's ownership details has taken a new, and possibly more serious, twist with ramifications beyond the IPL and the BCCI. In the past 24 hours Shashank Manohar, the BCCI president, has written a strongly worded letter to the IPL commissioner Lalit Modi criticising his decision to make public the ownership details, while Shashi Tharoor, a minister in the Congress-led federal government and a moving force behind the Kochi bid, has responded to charges of a conflict of interest by calling it an "extraordinary breach of all propriety" by Modi designed to discredit the franchise. For his part, Modi is reported to have responded to Manohar's letter by saying his revelations on Twitter were "in no way a breach of confidentiality". He went on to say that the Kochi franchise had "a lot to hide and as such have lied about who are the actual owners of the shares." Timeline March 7: IPL franchise auction is called off after objections over stiff financial clauses March 21: Auction re-staged; Sahara wins Pune bid, Rendezvous group wins Kochi for .33 million. Shashi Tharoor, an MP from Kerala and junior foreign minister in the Congress government, plays facilitating role. Interim: Reports suggest Rendezvous' surprise win has upset bigger players. Tharoor reportedly meets Congress leaders, asks them to ensure pressure eases on Kochi owners, says he has no personal material stake in franchise. April 9: Media reports say BCCI has raised questions over shareholding pattern, asked Rendezvous to clarify its ownership structure. April 10: Kochi owners meet Modi in Bangalore, sign formal agreement to be part of IPL, disclose ownership structure. April 11: Modi, in response to questions on his Twitter feed, reveals Kochi shareholding pattern. One shareholder is a woman whom Tharoor says he "knows well". April 12: Kochi complain to BCCI over Modi's revelations. BCCI chief Manohar criticises Modi for his action. Modi defends himself, saying no breach of propriety. April 12-13: Tharoor issues statement denying any personal stake in Kochi and alleging Modi wants the franchise moved out. "I have minutes of what they [Kochi franchise] said at the meeting. And, in fact, when I questioned who the shareholders were, they had no answer," Modi wrote. "They said they would revert back. Within minutes of me asking the same, I got a call from Shashi Tharoor asking me not to ask about who these shareholders are. You [Manohar] had mentioned that we should ignore who this owner is, but our condition requires us to authenticate who they are. "I am happy to disclose all the facts at the next governing council meeting. As regards not raising it at the time of the tender - we didn't have the foresight to go through the voluminous documents attached to verify each and every shareholder. As regards many other things I have said on my Twitter account, they have actually not been any classified information. It's factual and only something we have or would have put into the public domain." In his letter, as reported in the Times of India, Manohar chided Modi for revealing the stakes of Kochi's owners, saying the BCCI was a body that "functions in accordance with its constitution" and not through the media. "The issue, if any, could have been discussed at the governing council meeting and that action on your part of raising it on Twitter is unbecoming of you as a chairman of the a sub-committee of the board. Your action is in serious breach of the confidentiality clause in the agreement," Manohar wrote. "Till date, you have made public statements about a lot of issues which were not even discussed in the meetings of the governing council when it is the governing council which has the authority to take decisions with regard to each and every issue related to IPL." Tharoor's part in the story stems from his relationship with Sunanda Pushkar, one of those listed by Modi as having free equity in the Kochi franchise. While media reports suggest they have plans to marry, Tharoor in his statement referred to her as someone he knew well but said there was no material gain from it. He said he had "neither invested nor received a rupee for my mentorship of the team… Whatever my personal relationships with any of the consortium members, I do not intend to benefit in any way financially from my association with the team now or at a later stage." Tharoor said the consortium's successful bid in the March 21 auction "upset the plans of a lot of powerful people, who had wanted the franchise to go elsewhere". He said various attempts were made to pressure the consortium members to abandon their bid in favour of another city in a different state. He also denied Modi's charge that he had called the IPL commissioner and asked him not to probe the ownership structure. He had called Modi, he conceded, but "only to ask why he was further delaying the approval of the franchise when all the legal requirements had been fulfilled". ------ I think Modi is fked here... BCCI doesnt want anyone to have a complete control of things.. Modi slowly becoming a dictator might clash with the egos of BCCI.... Modi will be a nobody if BCCI takes on him.. interesting times.. i hope this modi is fked by everyone big time..

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Rs. 250 crores out of gratitude..you kidding??? Even if their was a sweat equity component, it cant be as high as 18%. Sweat equity seldom goes beyond 5%. Even otherwise, Tharoor is a minister in the Government of India, he should not have lied about his business interest in the IPL franchise. I think Tharoor is Fecked here.
Remember it is share in equity , yet to be realized...! Without tharoor's help, they wouldn't have got this franchise, an easy way to park black money without any risk and make definite profit which explains why Tharoor got a share in equity. May be this is part of deal between Tharoor and other investors.

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Delhi-born Puja Gulati, named by IPL commissioner Lalit Modi as one of the shareholders of the Kochi franchise, said she is the Director of Rendezvous Sports, a company she helped promote. She said all eight names tweeted by Modi as holding the Rendezvous free equity were of people associated with the company. “I was one of the promoters of Rendezvous Sports when the company started about ten years ago. Shailendra Gaikwad is the CEO and I am the Director,” said Gulati who is based in Mumbai. “Our main office is in Solapur in Maharashtra. We also have an office in Andheri (Mumbai). The company’s sole interest over the years has been cricket. We have been holding cricket camps called Cricket Happenings all over Maharashtra,” she said. Expressing surprise over Modi’s tweets revealing the names of the franchisee owners, Gulati said: “We have clarified everything before the media at multiple press conferences. As far as accounts and details of ownership are concerned, we have submitted everything to the IPL authorities.” “We have had only a couple of meetings with the partners after the successful bid. We are yet to decide on what role each of us will play next year,” she said when she was asked about her role in the franchise. She said her shares in the franchise were linked to her position in the company and were, hence, not “free”. She said Pushpa Gaikwad, whose name was tweeted along with Shailendra Gaikwad by Modi as “Shailendra and Pushpa Gaikwad,” was not related to the latter and they just happened to share the same surname.
Can you believe that an unknown company with its headoffice in small town solapur and headed by an RTO employee bought an IPL franchise?

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Rs. 250 crores out of gratitude..you kidding??? Even if their was a sweat equity component, it cant be as high as 18%. Sweat equity seldom goes beyond 5%. Even otherwise, Tharoor is a minister in the Government of India, he should not have lied about his business interest in the IPL franchise. I think Tharoor is Fecked here.
Well...I did some more investigation on this. Rendezvous sports holds 25% of equity which is around 400 crores. This is given free for life. ( ???!!!) Modi:
25% of kochi team is given free to Rendezvous sports for life.The same equity is non dilutable in prepetuity.What does that mean? Why ? Wait
So there are 8 investors as part of Rendezvous sports. Modi:
Rendezvous free equity - held by kisan,shailender & pushpa gaikwad,Sunanda pushkar,Puja gulathi,jayant kotalwar,vishnu prasad,sundip agarwal
If we assume all have equal investment in Rendezvous , then each investors are worth 50 crores not 250 crores.

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It is believed that Modi has benami investment in Rajasthan Royals. Why has he just disclosed Kochi's holdings? He should reveal shareholding structure of other franchises also. Our media especially electronic media sucks at investigative journalism. Why can't they try to find out the truth behind who all are there behind each team , how much of them are Benami investments etc..!

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Well...I did some more investigation on this. Rendezvous sports holds 25% of equity which is around 400 crores. This is given free for life. ( ???!!!) Modi: So there are 8 investors as part of Rendezvous sports. Modi: If we assume all have equal investment in Rendezvous , then each investors are worth 50 crores not 250 crores.
Modi reveals Rendezvous 'shadow promoters' Posted : Mon, 12/04/2010 - 7:55am | SportzPower Team Updated : Tue, 13/04/2010 - 10:22am MUMBAI: Indian Premier League chairman Lalit Modi has blown the lid of whatever hopes the "shadow promoters" behind the new Kochi IPL franchise, who pertinently hold 25% "free equity" in the team, may have entertained of staying off the public radar. Even as Rendezvous Sports World, which paid $ 333.33 million to secure the Kochi franchise, signed a formal franchise agreement over the weekend with the IPL, Modi went public on the both the constituents and the shareholding of the consortium through micro-blogging site Twitter. According to Modi's tweets, the partners and shareholding structure in Rendezvous Sports World are: Rendezvous (25% free), Rendezvous (1% purchased), Anchor (27%), Parinee (26%), Film Waves (combine 12%), Anand Shyam (8%) and Vivek Venugopal (1%). Modi further tweeted that that the Rendezvous' 25% free equity was held between Kisan, Shailender & Pushpa Gaikwad, Sunanda Pushkar, Puja Gulathi, Jayant Kotalwar, Vishnu Prasad and Sundip Agarwal. Interestingly, of the 25% fee equity, 18% is held by Sunanda Pushkar. Pushkar, whose name never surfaced in the "coming out parade" that Rendezvous Sports World had recently organised here for the media, is, according to DNA newspaper, directly linked to Kochi franchise "mentor" and minister of state for external affairs Shashi Tharoor. If that is true then Tharoor's claims of having nothing more than a mentoring role in the franchise that he is principally credited with putting together are also suspect. Tweeted Modi, "25% of Kochi team is given free to Rendezvous Sports for life. The same equity is non dilutable in prepetuity. What does that mean? Why? Wait." To further rub it in for the "shadow promoters", Modi said: "Who are the shareholders of Rendezvous. And why have they been given this 100's of million dollar bonanza? "Will disclose those details soon. "A lot of you (are) asking (about) shareholders and events surrounding the Kochi team. I am compiling a note shortly and will put an offical release soon." The IPL chief further accused an unnamed Union minister of trying to pressurise him not to go public with the matter, in particular details about Sunanda Pushkar's stake. Tweeted Modi, "I was told by him not to get into who owns Rendezvous. Specially Sunanda Pushkar. Why? The same has been minuted in my records." Another aspect of Rendezvous Sports World's shareholding that Modi's tweets revealed is that the Kochi franchise has only a 1 % ownership representation from Kerala state itself. Vivek Venugopal is the only stakeholder in the consortium who has any direct business interests in the state. SportzPower's attempts to contact the partners of the Rendezvous Sports World consortium had proved unsuccessful, till the time this report was filed.

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I heard the guys from wikileaks were on colbert yday. Back to topic, something does soem very fishy, but I don't like the way Modi has gone about it, exposing on twitter like that, because if tthere is nothing going on, as a franchise owner, I'd be sooo pi$$ed, that I'd probably drop the team

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Is anybody watching the L Modi interview on news channels live right now .. some reporter from Star News asked him why does he not give details of the controversy and Modi was furious .. lol BTW this was about the IPL awards press conference

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IPL chief does a hit-wicket as rival seizes on tweets Jaipur: Who owns Rajasthan Royals (RR)? What is the extent of IPL commissioner Lalit Modi’s role in the franchise? Politicians and cricket administrators across India were busy grappling with these questions on Tuesday after Modi got into a battle of tweets with his one-time-aide-turned-rival Sanjay Dixit, secretary, Rajasthan Cricket Association (RCA). Even as Modi was busy in a slanging match with minister of state for external affairs Shashi Tharoor over the latter’s involvement in the new IPL franchise Kochi, the RCA secretary, a senior IAS officer, fired in a few bouncers of his own on the sidelines. Dixit was Modi’s right-hand man when the IPL commissioner had become the president of the RCA in 2005. But in 2008, the two had taken on each other for the president’s post. Dixit won the election comfortably. In his first tweet, Dixit categorically asked his rival: “Do disclose details about your brother-in-law and step-son-in-law and their backdoor entry into Jaipur IPL and JCV Mauritius… what I meant was Gaurav Burman. Who is Mohit Burman and how is he an investor in Kings XI Punjab?†Dixit had a series of questions on RR as well. “Lalit, please tell me how the franchisee contract was signed by Jaipur IPL when the bid was by Emerging Media?†And later, perhaps frustrated by the silence at the other end, Dixit tweeted: “He is not answering some simple questions. Tell me what should I do?†So who are these relatives Dixit has referred to? One of them is Modi’s brother-in-law Suresh Chellaram, an entrepreneur based in Nigeria, who holds a 44.1% stake in RR. Though actor Shilpa Shetty, her husband Raj Kundra and UK-based entrepreneur Manoj Badale are seen as the public faces of the successful franchise, it is Chellaram who has the biggest stake in the team. While Badale has a 32.4% stake, two companies promoted by Kundra, Shetty and media mogul Lachlan Murdoch hold the remaining 23% shares. RR was bought by its owners for a mere $67 million in 10 equal instalments in 2008. Later, nearly 15% shares were bought by Kundra’s company for double the original price. Gaurav Burman, the other relative in Dixit’s line of fire, is Modi’s stepson-in-law. Gaurav’s brother Mohit is co-owner of Kings XI Punjab with actor Preity Zinta and several others.
Link Modi on a sticky wicket and only a matter of time before gets out BOWLED !!

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So The D company is now getting invloved as well..this is one heck of a Bollywood action caper B-> http://ibnlive.in.com/news/tharoor-has-received-death-threat-says-aide/113299-37-64.html?from=tn
Ok you posted before me :P It is really becoming one of the Bollywood masala movies now :hysterical::hysterical::hysterical: Sports Czar, Politician, Businessmen and now Underworld :giggle: BTW Manmohan Singh also commented on it from Washington saying he will take action on Tharoor if needed so add to that PM .. and then KKR refuted claims made by Tharoor's so called girlfriend Sunanda Pushkar that they approached her to act in similar role as she did with the Kochi franchisee .. so add KKR and SRK to this too So, now it is: Sports Boss cum Czar, Politician and former United Nations Under Secretary General, Businessmen, Underworld, PM and Filmstar .. lets see what next :popcorn:

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Congress, BJP workers protest against Modi, Tharoor in Kerala

THIRUVANANTHAPURAM: With the row over Kochi IPL team assuming political dimensions, Congress and BJP here today took to streets, burning effigies of IPL commissioner Lalit K Modi and Union Minister of State for External Affairs Shashi Tharoor. The Youth Congress workers staged a protest in front of the Secretariat accusing Modi of conspiring to sabotage the Kerala IPL team. Close on the heels, a group of activists of Yuva Moracha -- BJP's youth wing, turned up on the scene and burnt an effigy of Tharoor and raised slogans demanding his resignation from the Union Council of ministers. Tharoor represents Thiruvananthapuaram in the Lok Sabha.
http://www.dnaindia.com/india/report_kochi-ipl-row-congress-bjp-workers-protest-against-modi-tharoor_1371296 :popcorn:

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More masala news.. after this controversies and allegations of hidden money made on each other by Modi and the Kochi IPL franchisee, Income Tax department has now said that they will probe into the IPL funding to check there is no money laundering going on in IPL .. and KXIP has responded to it saying they are clean and are ready for any Income Tax probe .. other franchisees and Modi has not yet responded or commented on it :popcorn:

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