BCCI asks RCB to produce 'NOC' from players on salary issue

August 10, 2012

RCB

The BCCI Governing Council today asked the Royal Challengers Bangalore to get 'No Objection Certificate' from their players on the revised payment schedule after the southern franchise failed to pay the first installment of their salaries for IPL5 held in April-May.

"The IPL governing council today summoned the RCB officials to the governing council meeting to discuss on the players' payment issue. After discussions, the BCCI has asked RCB to get 'No Objection Certificate' from the cricketers on the revised payment schedule. The franchise has promised that they would produce the NOC in some time," a senior governing council member told PTI today.

"Look, the BCCI can still wait for their yearly franchise fee but it is unfair if the players' salaries is not paid on time," the official added. The matter came up for discussion at the governing council meeting today after it was reported that none of the RCB players, save Chris Gayle, have received their first installment of salary.

It has been reported that some members of the Royal Challengers 2012 squad, including captain Daniel Vettori, are still awaiting the first instalment of their pay. Under every identical IPL contract, signed between the player, the franchise and the IPL, the players are due 15 per cent of their fee for the season by April 1 (before the IPL or very early into it), 50 per cent by May 1 (during the IPL or towards its end), 20 per cent after the Champions League and 15 per cent by December 1.


The players had supposedly emailed the management after the fifth season ended in May, but did not receive any straightforward response.

Royal Challengers' franchise owners, the UB group, have recently hit financial strife, with owner Vijay Mallya's airline found to be in debt of USD 1.3b.

Last week, the Federation of International Cricketers' Association (FICA) chief executive, Tim May had also complained that the IPL had sidelined FICA and reduced it to an advisory role in the current payment dispute between RCB and some of its players.

The Deccan Chargers officials were also summoned to the meeting. It has been reliably learnt that the discussions were regarding selling of stakes.

Rajasthan Royals official Raghu Iyer was also present at the meeting to have discussion with senior BCCI official and leader of opposition in Rajya Sabha Arun Jaitley on ownership pattern of the franchise.



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Agencies
January 26,2020

New Delhi, Jan 26: The sports fraternity on Sunday extended greetings to the people on the occasion of the 71st Republic Day.

Former cricketer Sachin Tendulkar took to Twitter to write: "Wishing all Indians a very happy Republic Day."
"Rejoice the Glory of India and it's Freedom Fighters on this Republic Day. Wish you a very happy #RepublicDayIndia . Jai Hind !" former batsman VVS Laxman tweeted.

"Wish you all a very happy #RepublicDay2020 from here in New Zealand," Irfan Pathan tweeted.

Boxer Vijender Singh said India is blessed with different religions, societies, cultures and languages.

"INDIA is a nation where humanity has lived since ages.It is a country which is blessed with different religions,societies,cultures & languages all interplaying with each other in harmony. PROUD OF UNITY IN DIVERSITY #RepublicDayIndia #RepublicDay2020," Singh wrote on the micro-blogging site.

Former cricketer Virender Sehwag, wrestler Yogeshwar Dutt, wrestler Sushil Kumar and tennis player Sania Mirza also extended their greetings on the occasion.

On this day, 70 years back, India officially adopted its Constitution. Brazilian President Jair Messias Bolsonaro is the chief guest at the parade this year.

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News Network
April 22,2020

Dhaka, Apr 22: Star Bangladesh all-rounder Shakib Al Hasan has decided to auction the bat he used during the 2019 ODI World Cup to help raise money for the fight against deadly coronavirus pandemic.

Shakib, who is currently serving a two-year ban from all forms of cricket -- one of which is suspended -- for not reporting corrupt approaches, is the second Bangladeshi cricketer after wicket-keeper batsman Mushfiqur Rahim to auction a personal cricketing gear to raise money for the cause.

"I had said before that I want to put up a bat for auction. I have decided to auction the bat I used in the 2019 World Cup. It's a favourite bat of mine," Shakib said during a Facebook live session.

The 33-year-old all-rounder had a hugely successful World Cup in England last year, scoring 606 runs in eight matches at an average of 86.57, which included two centuries and five fifties.

Besides, he also picked up 11 wickets in the tournament and became the only cricketer to score 600 plus runs and scalp 10 wickets in a single edition of the World Cup.

"I had a good World cup with the bat and ball. There were some good performances especially with the bat. I had used a single bat throughout the World Cup and even used tapes on it to get through games," Shakib said.

"It's not that this bat has only been used at the World Cup. I have scored over 1500 runs with this bat and had used it prior to the tournament and after it as well.

"Although I like the bat a lot but I have decided to put it up for auction with the thought that maybe it can leave some contribution to forming a fund during the ongoing coronavirus crisis."

The money raised from the auction will go to the Shakib Al Hasan foundation.

"This is a very special bat to me, but my people are even more special to me," Shakib said.

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News Network
February 5,2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

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