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
May 28,2020

New Delhi, May 28: India is not at risk of losing hosting rights for next year's Twenty20 World Cup despite its cricket board's failure to secure a tax exemption for the event, a key BCCI official has told Reuters.

Tax exemptions for International Cricket Council (ICC) events are listed as a requirement in host agreements and the BCCI was supposed to confirm they had secured one by May 18.

ESPNcricinfo, citing correspondence between the two bodies, has reported that the ICC has threatened to shift the tournament away from India over the issue.

However, BCCI treasurer Arun Singh Dhumal told Reuters that would not happen and that negotiations were continuing.

"There is no risk to the tournament," he said by telephone.

"That is a work in progress. We are discussing it with the ICC and we'll resolve it."

The BCCI encountered a similar problem when it hosted the event in 2016 when the government refused to provide a tax exemption, and there has been no change in New Delhi's stance despite the board's appeals.

Failure to secure that exemption in 2016 saw the ICC withhold an equivalent sum from India's share of revenue from the governing body's grants and it appears to be taking an even harder line this time around.

"There are certain timelines within the agreements that we collectively work towards to ensure we can deliver successful world class events and continue to invest in the sport of cricket," an ICC spokesperson told Reuters.

"In addition to this the ICC Board agreed clear timelines for the resolution of the tax issues which we are guided by."

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July 21,2020

Jul 21: The tickets sold for the now-postponed ICC T20 World Cup will remain valid if Australia hosts the edition in 2021 instead of India.

In case the event is shifted to 2022, all ticket-holders will be entitled to a full refund, the ICC stated on its website on Monday night after postponing the mega-event this year due to the Covid-19 pandemic.

The tournament was to be held in October-November but will now be conducted later because of the pandemic.

The ICC has not yet announced which country will host which edition as there are operational issues that both the Indian and Australian cricket Boards need to sort out.

The world body had opened ticket booking through its ticketing partners and a significant number was already sold.

"Ticket holders are welcome to retain their tickets, noting, if Australia hosts in 2021, tickets will remain valid for fans who have already bought and will be automatically updated to reflect the new dates.

"If Australia hosts in 2022, for tickets already bought a full refund will be processed automatically," ICC stated in a series of FAQs.

Fans can retain their tickets until a date is confirmed for the event.

Refund requests can be made until December 15 and they will be processed within 30 days after an online submission.

The hospitality package will also remain valid for the 2021 fixtures.

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News Network
July 14,2020

New Delhi, Jul 14: Indian bowler Bhuvneshwar Kumar, who features in the list of A category players released by BCCI, has revealed his first-ever paycheck.

Bhuvneshwar was participating in a question and answer session on Twitter where he gave his take on fans' queries.

The 30-year-old bowler was asked about his first paycheck by a fan and Bhuvneshwar responded by saying, "It was for Rs 3000. I shopped and still managed to saved some."

During the question and answer session Bhuvneshwar picked Barcelona striker Lionel Messi over Juventus star Cristiano Ronaldo.

The right-arm bowler also revealed that football and badminton are his favourite sports other than cricket.

Earlier this year, Bhuvneshwar was named in the list A category of players. BCCI had released the list of centrally contracted players for the period from October 2019 to September 2020. Annually, A category players get Rs 5 crore.

The right-arm bowler would have been in action for Sunrisers Hyderabad if the Indian Premier League (IPL) had commenced from March 29. However, the tournament was postponed indefinitely due to the coronavirus pandemic.

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