How 'out-of-cash' KXIP almost lost Chris Gayle at IPL auction

Agencies
April 27, 2018

New Delhi, Apr 27: Chris Gayle has proved to be quite a bargain buy for Kings XI Punjab in the ongoing Indian Premier League but co-owner Ness Wadia revealed that the team almost lost the destructive opener at the auction, thinking it had run out of cash.

Gayle had unexpectedly gone unsold twice before KXIP bought him for his base price of Rs 2 crore. Wadia explained how the franchise got lucky with the Jamaican.

"We had only Rs 2.1 crore left and if we had bid for Chris earlier (at the auction) and another team came up with a counter bid, we did not have the money to buy him. Luckily, no other team bid for him and we were more than happy to get third time lucky," Wadia said.

KXIP, who had retained just one player in Axar Patel before the auction, spent big bucks in their bid to build a team for the future. Gayle was their final buy and the Rs 2 crore they spent on him meant they were left with just Rs 10 lakh, using almost their entire purse of Rs 67.5 crore.

Two months later, Gayle has proved all his critics wrong with two half centuries and a sensational 104 in four innings. He has even exceeded the expectations of team mentor Virender Sehwag, who had said that the Rs 2 crore spent on Gayle and Yuvraj Singh will be recovered even if they both won them a couple of games.

The 38-year-old has been exceptional so far but a big knock from the 36-year-old Yuvraj is still awaited. In fact, the stylish southpaw was dropped from the playing eleven against Sunrisers Hyderabad last night.

"Yuvi is not among the runs at the moment but we hope that he will bounce back. He is of good value to the franchise and that is why we got him back," said Wadia referring to Yuvraj, who was KXIP captain in the first two seasons.

Yuvraj may not be in the best of form but the big bucks spent at the auction seem to have paid-off with the team doing well in the first half of the season under new captain Ravichandran Ashwin. Besides Gayle, performances from KL Rahul, Ankit Rajpoot and young Afghanistan spinner Mujeeb Zadran have stood out.

Wadia too is pleased with the performance so far after disappointment in the previous three seasons.

"We wanted to build a team for the long term. We wanted to spend more money. We wanted an Indian captain and to be honest we wanted Ashwin at any cost. He is a genius and knows what it takes to win (having won IPL at CSK).

"We were very clear that if we spent the money we would get what we were looking for. That was the difference with the old strategy. Bringing an Indian captain also brings in a lot of flexibility," said Nadia adding that going for Afghan spin sensation Zadran as very much Ashwin's idea.

Talking about the evolution of IPL over the last decade, Wadia is relieved that being part of the tournament was finally making financial sense.

"Finally, it is making sense (financially) after 10 years. It has been a long wait. The most important thing is when we got into the IPL the focus was on to promote sport. IPL has led to the emergence of cricket leagues around the county. I am so glad about that. 

"It has given the players a career option. It has led to leagues in other sports too."

Where does IPL go from here on?

"There has to be more international matches (for the teams), more exposure. If you include the pre-season camp, we get about an eight week period in one year.

"A second tournament or a smaller tournament outside India would be very beneficial for everyone," he added.

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News Network
July 5,2020

Colombo, Jul 5: Sri Lanka batsman Kusal Mendis was on Sunday arrested for knocking down a pedestrian while driving, police said.

Mendis hit a 74-year-old man, killing him in the wee hours, in the Colombo suburb of Panadura.

He is to be produced before a magistrate later today, police said.

The 25-year-old wicket-keeper batsman has represented Sri Lanka in 44 Tests and 76 ODIs. Mendis was part of the national squad which had resumed training after the Covid-19 lockdown.

Sri Lanka's international assignments, including a tour by India, have been cancelled due to the pandemic.

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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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News Network
April 15,2020

New Delhi, Apr 15: Indian cricket team head coach Ravi Shastri on Wednesday urged people to beat coronavirus by staying at home and by maintaining social distancing. He termed the virus 'mother of all World Cups' and asked people to combat this disease together and win the World Cup of humanity.

Taking to Twitter, Shastri shared a video post where he cited cricket examples to aware people about the seriousness of the COVID-19 pandemic. "As I would know, sports teaches you life lessons that can be applied to just about anything you want to pursue in rest of your life.

Today the COVID-19 has put us in a situation where we got our backs to the wall. To combat this coronavirus is like chasing a World Cup where you give your everything in trying to win it. What's staring you at the face is no ordinary World Cup. This is the mother of all World Cups where not just eleven are playing but 1.4 billion are in the playing arena and competing. Guys we can win this. For that, we have to observe the basics. You have got your Prime Minister leading from the front ahead of the curve like other countries have farmed out," Shastri said.

"You have to obey the orders that come from the top: be it centre, state or the frontline workers who are risking their lives. Two orders that stand out: staying home and maintaining social distancing. It is not easy but to win the game you got to go through the pain to break the chain and see the gain. Come on, guys! let's do it together. Let us get out there in a bruit force of 1.4 billion and beat this corona and get your hands on the World Cup of humanity. Let's do it," he added.

With 1,076 new COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases has risen to 11,439, said the Union Ministry of Health and Family Welfare on Wednesday.

Out of the total tally, 9,756 cases are active while 1,306 patients have been cured/discharged and migrated. With 38 new deaths reported in the last 24 hours, the death toll rises to 377.

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