Sports firm denies Dhoni has stake in it

June 4, 2013
dhoniNew Delhi, Jun 4: Rhiti Sports, the management group run by Arun Pandey, a close friend of Mahendra Singh Dhoni, on Monday denied the India skipper had any stake in the company.

Dhoni, according to media reports, was alleged to hold 15 per cent stake in the company.

Pandey, a club cricketer from Uttar Pradesh, claimed that Dhoni was briefly connected with Rhiti Sports which represents players from the Indian team including the captain. There were suggestions that Dhoni’s association amounted to conflict of interest — Rhiti also manages Suresh Raina, Ravindra Jadeja, and Pragyan Ojha, and the captain plays an important part in the selection of the team.

In response, Pandey said, “We, at Rhiti Sports Management, are greatly aggrieved at the widespread media reports regarding an alleged conflict of interest of Dhoni. Though not obliged to, but in order to put at rest these widespread speculations, we are issuing the following statement.

“As on date, MS [Dhoni] holds no shareholding in Rhiti Sports Management. However, it is made clear that shareholding was allotted to MSD [on] 22 March, 2013 only [for Dhoni] to secure certain old outstandings (sic) [from the company] which were due for more than one year. The payments were cleared in April 2013 and the shareholding was transferred back to promoter of the company on 26 April, 2013.”

The statement added that the company adhered to the law of the land.

Dhoni and Pandey have a long cricketing association that later turned into a business collaboration. They used to play for various local teams in the Capital. Pandey, a trainee at the National Stadium, and Dhoni were both employed by Indian Airlines before they resigned.

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News Network
March 19,2020

London, Mar 19: Talking about the break in cricketing activities due to the COVID-19 pandemic, South Africa pacer Dale Steyn said that the disease seems to be to the only topic of conversation these days.

"I don't know how to describe it. Doesn't matter where you go, everyone is talking about it - whether it is on an airplane or you are just popping into a grocery store. It just seems like it is the only topic of conversation," ESPN Cricinfo quoted Steyn as saying.

"Yeah, it's so strange. Normally if I am on holiday I'll be planning a fishing trip or a surfing trip. At the moment I am just chilling at home," he added.

Steyn was last seen in action in the Pakistan Super League where he took two wickets in two matches.

When asked whether he has enough hand sanitizers, he replied: "We just decided that stockpiling is definitely not the way to go. It is not fair on everybody who needs that stuff. I went to the grocery store the other day and everyone had bought all the toilet paper. We have what we need, and when that runs out, that runs out, and we need to go and get some more".

"We didn't feel it was necessary to go and absolutely just, like, zombie our lives up. There's other people that live on a day-to-day basis. They are not going to get all of that stuff, so we thought it was best not to do that".

Steyn also had a message for the fans, "Stay healthy, wash your hands, look after yourself, don't be greedy. Right now they are saying old people are really struggling, so if in a position to help, rather help them than help yourself. Pretty simple, really."

Due to the COVID-19 outbreak, the ODI series between India-South Africa and Australia-New Zealand have been postponed.

The start of the Indian Premier League (IPL) has also been postponed until April 15.

Cricket South Africa has suspended all forms of cricket for 60 days while Cricket Australia has advised all its employees to work from home.

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News Network
March 13,2020

Mar 13: The start of the Indian Premier League (IPL), the world's most lucrative cricket competition, has been postponed from March 29 until April 15 over the coronavirus, the Indian cricket board said Friday.

"The Board of Control for Cricket in India has decided to suspend IPL 2020 till 15th April 2020, as a precautionary measure against the ongoing Novel Coronavirus (COVID-19) situation," the BCCI said in a statement.

The two-month Twenty20 competition is estimated to generate more than $11 billion for the Indian economy and involves cricket's top international stars.

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News Network
March 4,2020

Mar 4: The BCCI has decided to implement strict cost cutting measures with the notable decision being IPL 2020 champions' prize money will be halved as compared to 2019. In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore, the IPL champion team will now receive Rs 10 crore only. "The financial rewards have been reworked as a part of the cost cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore," a BCCI notification, in possession of news agency, read.

The two losing qualifiers will now get Rs 4.375 crore each.

"The franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken," a senior BCCI source said.

However, a state association hosting IPL games will get Rs 1 crore each with franchises and BCCI contributing Rs 50 lakh each.

It has also been learnt that mid-level BCCI employees won't be allowed to avail business class flights like earlier times for flying to the Asian countries (Sri Lanka, Bangladesh, UAE) where the flying time is less than eight hours.

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