Never seen so much money, Morris on IPL deal

February 4, 2013

iplpak

Johannesburg, Feb 4: The bidding war that his name triggered at the IPL players auction left Chris Morris' head spinning and the South African all-rounder conceded that he has never seen the kind of money he would now be drawing.

"I have never in my life seen this much money," said Morris, who was bought for a whopping USD 625,000 (Rs 3.3 crore) by the Chennai Super Kings, 31 times more than his base price of USD 20,000.

Morris was sought by the Mumbai Indians and the Royal Challengers Bangalore as well but they were outbid by CSK at the auction in Chennai where only 37 of the 108 players in fray managed to find buyers.

Morris followed the auction on his ipad and was amazed to see the interest in him.

"Neil McKenzie had a little joke with me when it got to (USD) 450,000 but nobody could really believe what was happening," Morris told 'ESPN Cricinfo'.

In rands, the 25-year-old's earnings are now 5.5 million and he has no clue how to spend the money except for splurging some of it on his parents.

"I honestly don't know. I suppose one of the things I'd like to do is give my parents anything they should like and spoil them a little bit," he said.

Morris was the leading wicket-taker for his domestic team Lions in the national T20 competition last season. He was spotted by CSK coach Stephen Fleming during the Champions League Twenty20 in the same year.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 3,2020

New Delhi, May 3: In a startling revelation, India speedster Mohammed Shami has claimed that he thought of committing suicide thrice while battling personal issues a few years ago, forcing his family to keep a watch over him at all times.

He said his family members feared he "might jump" from their 24th floor apartment.

Shami, one of India's leading bowlers in recent years, opened up on his personal and professional life during an Instagram chat with teammate and limited overs squads' vice-captain Rohit Sharma.

"I think if my family had not supported me back then I would have lost my cricket. I thought of committing suicide three times during that period due to severe stress and personal problems," Shami revealed during the session on Saturday.

Now one of the mainstays of Indian bowling attack across formats, the 29-year-old was struggling to focus on his cricket, then.

"I was not thinking about cricket at all. We were living on the 24th floor. They (family) were scared I might jump from the balcony. My brother supported me a lot.

"My 2-3 friends used to stay with me for 24 hours. My parents asked me to focus on cricket to recover from that phase and not think about anything else. I started training then and sweated it out a lot at an academy in Dehradun," Shami said.

In March 2018, Shami's wife Hasin Jahan had accused him of domestic violence and lodged a complaint with the police, following which the India player and his brother were booked under relevant sections.

The upheaval in his personal life forced his employer BCCI to withheld the player's central contracts for a while.

"Rehab was stressful as the same exercises are repeated every day. Then family problems started and I also suffered an accident. The accident happened 10-12 days ahead of the IPL and my personal problems were running high in the media," Shami told Rohit.

Shami said his family stood like a rock with him and the support helped him get back on his feet.

"Then my family explained that every problem has a solution no matter how big the problem. My brother supported me a lot."

Speaking about another painful period in his life after his injury in the 2015 World Cup, Shami said it took him almost 18 months to get back on the field.

"When I got injured in the 2015 World Cup, after that it took me 18 months to fully recover, that was the most painful moment in my life, it was a very stressful period.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 19,2020

Jun 19: The BCCI is open to reviewing its sponsorship policy for the next cycle but has no plans to end its association with current IPL title sponsor Vivo as the money coming in from the Chinese company is helping India's cause and not the other way round, board treasurer Arun Dhumal said on Friday. Anti-China sentiments are running high in India following the border clash between the two countries at Galwan valley earlier this week. The first skirmish at the India-China border in more than four decades left at least 20 Indian soldiers dead. Since then, calls have been made to boycott Chinese products.

But Dhumal said Chinese companies sponsoring an Indian event like the IPL only serve his country's interests.

The BCCI gets Rs 440 crore annually from Vivo and the five-year deal ends in 2022.

"When you talk emotionally, you tend to leave the rationale behind. We have to understand the difference between supporting a Chinese company for a Chinese cause or taking help from Chinese company to support India's cause," Dhumal said.

"When we are allowing Chinese companies to sell their products in India, whatever money they are taking from Indian consumer, they are paying part of it to the BCCI (as brand promotion) and the board is paying 42 per cent tax on that money to the Indian government. So, that is supporting India's cause and not China's," he argued.

Oppo, a mobile phone brand like Vivo, was sponsoring the Indian cricket team until September last year when Bengaluru-based educational technology Byju's start-up replaced the Chinese company.

Dhumal said he is all for reducing dependence on Chinese products but as long as its companies are allowed to do business in India, there is no harm in them sponsoring an Indian brand like the IPL.

"If they are not supporting the IPL, they are likely to take that money back to China. If that money is retained here, we should be happy about it. We are supporting our government with that money (by paying taxes on it)."

"If I am giving a contract to a Chinese company to build a cricket stadium, then I am helping the Chinese economy. GCA built the world's largest cricket stadium at Motera and that contract was given to an Indian company (L&T)," he said.

"Cricketing infrastructure worth thousands of crores was created across country and none of the contract was awarded to a Chinese company."

Dhumal went on to say the BCCI is spoilt for choice when it comes to attracting sponsors, whether Indian or Chinese or from any other nation.

"If that Chinese money is coming to support Indian cricket, we should be okay with it. I am all for banning Chinese products as an individual, we are there to support our government but by getting sponsorship from Chinese company, we are helping India's cause."

"We can get sponsorship money from non-Chinese companies also including Indian firms. We can support our players any way but the idea is when they are allowed to sell their products here, it is better that part of money comes back to the Indian economy."

"The BCCI is not giving money to the Chinese, it is attracting on the contrary. We should make decision based on rationale rather than emotion," he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.