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Hero Honda NOT buying King's XI Punjab for $ 260 million


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Posted

no priety ? OMG :(( Btw 260 million ? That's like 200 more than original price,no ? Too good to be true (buying amt)

Posted

I think it includes the sponsorship and all the other jargon in the price. The funny thing is Hero Honda are the main sponsors for delhi daredevils. Are they gonna cut their ties with them and brand themselves on the KX11 punjab?

Posted

Is this effective as of now or for IPL 4? Seems kinda strange as Ness/Wadia chose players for the auction for IPL3. And that's a massive profit for the previous group. Maybe new kits as well?

Posted

We have not bought any stake in Kings XI Punjab: Hero Honda NEW DELHI: Two-wheeler giants and IPL associate sponsors Hero Honda on Wednesday rubbished media reports,which claimed that they have bought stake in Indian Premier League franchise Kings XI Punjab. The company said categorically that such a move was never discussed at any level. "The current media reports about Hero Honda buying stake in Kings XI Punjab is completely baseless and untrue. We have not had any discussion in this regard either," Hero Honda, world's largest two manufacturers, said in a statement. Media reports this morning claimed that Hero Honda have bought stake in Bollywood star Preity Zinta co-owned Kings XI Punjab. The Hero Honda also asserted that their association with the BCCI-floated IPL and Delhi Daredevils, one of the eight franchises in the Twenty competition, continue to be the same. "Hero Honda's association with IPL as an associate sponsor and the main team sponsor of Delhi Daredevils team remain unchanged," they said in statement. The third edition of the IPL will begin on March 12 with opening match between reigning champions Deccan Chargers and Kolkata Knight Riders in Hyderabad.

Posted

okay as I suspected. This is a false news and ndtv lives upto it's expectation.

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