Malcolm Merlyn Posted April 23, 2015 Posted April 23, 2015 The newly formed IPL Governing Council is not pleased with Chennai Super Kings (CSK) team valuation at a mere Rs.5 lakh as BCCI's rule states that five percent of team sale price goes to the board. But at CSK's present valuation, BCCI earns only Rs.25,000 from the team's sale. The present valuation of the Chennai franchise was determined by the previous council, which has been strongly objected by the new GC. It has been learnt that during that time no one objected to Rs.5 lakh valuation of the franchise and on Tuesday the GC met to ratify decisions made by the old council. According to independent valuations rate CSK as one of the most valued teams and also a US based consultancy had valued the team at over Rs.450 crores in 2014. Read more at: http://indiatoday.intoday.in/story/chennai-super-kings-valuation-ipl-governing-council/1/431579.html More trouble for CSK and Srini.
bulbul Posted April 23, 2015 Posted April 23, 2015 5 lakhs.......and CSK fans claim their team is highly valuable :rofl:
velu Posted April 23, 2015 Posted April 23, 2015 5 lakhs.......and CSK fans claim their team is highly valuable :rofl: who and where ?
Detonator Posted April 23, 2015 Posted April 23, 2015 I want to buy CSK franchise.. will pay 2% commission for Srini mama :bigboss:
velu Posted April 23, 2015 Posted April 23, 2015 I want to buy CSK franchise.. will pay 2% commission for Srini mama :bigboss: do want :rcb: for free ? :hmmm:
Detonator Posted April 23, 2015 Posted April 23, 2015 do want :rcb: for free ? :hmmm: I can't pay mallya's debts :(( That's remainds me of goundamani comedy, where he claims to be heir of an old orphan guy, expecting a fortune on his will, but turns out to be a debt ridden man
adi B Posted April 23, 2015 Posted April 23, 2015 Can I buy it? On a serious note,csk should be close to 1000 Crore rupees
BeautifulGame Posted April 23, 2015 Posted April 23, 2015 I don't understand how india cements shareholders will exactly be happy to see their subsidiary being under valued like that . There is nothing illegal in that though
BeautifulGame Posted April 23, 2015 Posted April 23, 2015 Can I buy it? On a serious note,csk should be close to 1000 Crore rupees Recent brand valuation by American appraisal put csk worth as Rs.400 crores
G_B_ Posted April 23, 2015 Posted April 23, 2015 I don't understand how india cements shareholders will exactly be happy to see their subsidiary being under valued like that . There is nothing illegal in that though ofcourse it is. Any asset needs fair valuation
Sachin=GOD Posted April 23, 2015 Posted April 23, 2015 I think they meant a signed t shirt and not the whole team
bulbul Posted April 23, 2015 Posted April 23, 2015 ofcourse it is. Any asset needs fair valuation He thinks Seeni is genius :laugh:
velu Posted April 23, 2015 Posted April 23, 2015 He thinks Seeni is genius :laugh: as far as we are not seeing mallya as financial genius its ok :hysterical::hysterical::hysterical:
BlueBee Posted April 23, 2015 Posted April 23, 2015 Just create one thread in CT section and move it to IPL section. It'll appear in CT ssection but will redirect to IPL section. :two_thumbs_up:
velu Posted April 23, 2015 Posted April 23, 2015 Just create one thread in CT section and move it to IPL section. It'll appear in CT ssection but will redirect to IPL section. :two_thumbs_up: sunny is obssessed with number of threads he creates for mama and dal miya :cantstop:
BeautifulGame Posted April 23, 2015 Posted April 23, 2015 ofcourse it is. Any asset needs fair valuation Pretty sure it isnt legally . They are debating it in Times Now if u dont believe
Malcolm Merlyn Posted April 23, 2015 Author Posted April 23, 2015 Whatever valuation is used for a share transfer,in this case from India cements to its subsidiary,BCCI gets 5% of the amount. As Srini was merely doing all this hocus pocus to get around the Supreme Court he didnt want to pay BCCI 5% of the fair valuation and hence he valued CSK at 5L.The then GC headed by Biswal approved it and sent it to BCCI Working committee for final approval and now the new board has put its foot down.
zubinpepsi Posted April 23, 2015 Posted April 23, 2015 hahaha.. seriossly??? 5 lakhs??? :hysterical::hysterical::hysterical:
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