IPL 2013: Clarke, Ponting set to highlight a low-key auction

February 2, 2013

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Chennai, Feb 2: Australian captain Michael Clarke and former skipper Ricky Ponting are likely to attract most attention when the nine franchises sit for the players' auction of the Indian Premier League 6 in Chennai on Sunday.

While 101 players will go under the hammer during the auction, which will be only for the next edition, Clarke and Ponting, who are in the highest base price bracket of USD 400,000 (approx Rs 2.1 crore) will be the sought after players.

In Clarke, some of the franchises like Mumbai Indians see a potential leader after Harbhajan Singh relinquished the post.

According to IPL sources, Mumbai Indians are likely to loosen their purse strings for the current Aussie captain, who played six matches for the Sahara Pune Warriors during the last edition.

Clarke could also be a good choice for the Pune Warriors in case their marquee player Yuvraj Singh decides to only concentrate on his batting.

Warriors have a purse of over USD 3 million and can indulge into a bidding war for Clarke but according to one of their officials, "It is not necessary that if you have money, you need to spend it."

Ponting, who played four matches for Kolkata Knight Riders in first edition of IPL can be an interesting pick considering his performance for Hobart Hurricanes in the recently concluded Big Bash League. He has couple of 60 plus scores to show for his effort against Sydney Sixers and Sydney Thunders.

An official, who has closely been associated with the auctions, felt that Hyderabad Sun Risers might look at Ponting as a potential mentor-cum-captain.

"Since this is a one-season deal, there is no harm in getting Ricky Ponting, who is a thorough professional. Since Kumar Sangakkara hasn't done too well as captain and Cameron White is not an automatic choice either, Ponting can be their go-to man," he told PTI.

Delhi Daredevils, who have a team loaded with quality pacers might look at roping in Ajantha Mendis, who is available at a base price of USD 50,000.

Chennai Super Kings is one team, which has a settled look, barring a new ball bowler. Among the crop of bowlers available, West Indies' Ravi Rampaul can prove to be a handy customer at a base price of USD 50,000 as no one has any idea about Jerome Taylor's current form.

India and CSK captain Mahendra Singh Dhoni's close friend Rudra Pratap Singh, who has been released by Mumbai Indians, is available at a base price of USD 100,000.

Kings XI Punjab and Rajasthan Royals are two teams who would be going into the auction with highest purses (around USD 6 million) and would have the luxury of bidding for some of the players of their choice.

Defending champions Kolkata Knight Riders also has a tea, that looked settled and may not be very active at the auction which is expected to be a low-key affair.

"We are not going into the auction aiming at a particular player but we will definitely track the proceedings. Let's see how it pans out and may be if we find a player interesting enough to put our money on, we might go for it," a senior support staff of the franchise said.

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Agencies
August 6,2020

New Delhi, Aug 6: The BCCI on Thursday suspended the IPL title sponsorship deal with Chinese mobile phone company Vivo for the event's upcoming edition amid heightened tensions in Sino-India diplomatic ties.

The BCCI sent out a one-line statement, without giving details, saying that Vivo would not be associated with the IPL this year. "The Board of Control for Cricket in India (BCCI) and vivo Mobile India Pvt Ltd have decided to suspend their partnership for Indian Premier League in 2020," the statement said.

Meanwhile, Vivo released its own statement saying that the two entities "have mutually decided to pause their partnership for the 2020 season".

Vivo won the IPL title sponsorship rights for five years from 2018 to 2022 for a reported sum of Rs 2,190 crore, approximately Rs 440 crore per annum.

The two parties are now working out a plan in which Vivo might come back for a fresh three-year period starting 2021 on revised terms.

However, a top BCCI official offered a different view. "Here we are talking about diplomatic tensions and you expect that after November, when IPL ends and before the next IPL starts in April 2021, there would be no anti-China sentiment? Are we serious?" a veteran BCCI official said on conditions of anonymity.

The anti-China sentiment in the country peaked after the violent face-off between the Indian and Chinese troops in eastern Ladakh. India lost 20 soldiers in the clash, while China also acknowledged unspecified casualties.

The stand-off at the Line of Actual Control (LAC) caused outrage across India with several calls for boycotts of Chinese companies and products.

The BCCI is now likely to float a tender for new IPL title sponsors as mandated by its constitution. The glitzy T20 league starts on Sept. 19 in the UAE, forced out of India due to the rising COVID-19 cases.

The new development is in stark contrast to what came out of Sunday's IPL's Governing Council meeting, where it was decided that Vivo, along with all the other sponsors, will remain on board.

This was after the BCCI had announced in June that all sponsorship deals pertaining to IPL will be reviewed in the aftermath of the clash in the Galwan Valley.

However, after Sunday's meeting, there was a huge backlash on social media about the BCCI holding on to Vivo.

Both parties then began thrashing out an amicable separation plan, at least for this season.

However, the end of this deal could spell losses for the franchises as they get a substantial share from the sponsorship pool. Half of the annual Vivo sponsorship money is distributed equally among eight franchises, which comes to Rs 27.5 crore.

"As of now, it will be very difficult for the BCCI to match the sponsorship amount at such short notice. Therefore, both BCCI and the franchises should be prepared to lose out on some money -- BCCI more but each franchise from Vivo's exit will potentially lose 15 crore," the official said.

"This year will be difficult for everyone but the show must go on," the official 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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News Network
March 23,2020

Colombo, Mar 23: Sri Lankan batting great Kumar Sangakkara has said he is currently in self-quarantine, following his government's guidelines for those recently returning from Europe, which has now become the epicentre of the COVID-19 pandemic.

The authorities are concerned over people returning from the most-affected COVID-19 countries in Europe not registering with the police and practising isolation.

"I have no symptoms or anything like that, but I'm following government guidelines," Sangakkara told News First.

"I arrived from London over a week ago and the first thing was there was a news bulletin saying that anyone who had travelled from within March 1 to 15 should register themselves with the police and undergo self-quarantine. I registered myself with the police."

The former captain said this even as the government confirmed there have been at least three cases of recent returnees attempting to hide the novel coronavirus symptoms from authorities.

Both Sangakkara and his former teammate Mahela Jayawardene have been active on social media, urging Sri Lankans to avoid panic and to exercise proper social distancing, as the country went into curfew on Friday evening.

Sri Lanka has so far reported more than 80 active COVID-19 positive cases in the country.

Across the world, the number of infected has crossed three lakh besides a death toll of more than 14,000 people.

Meanwhile, former Australia pacer Jason Gillespie has also gone into a two-week isolation after returning from the United Kingdom.

Gillespie, who is the head coach at Sussex, had been in Cape Town with the team for a pre-season tour, which was cut short as a result of the coronavirus outbreak.

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