Saina, Chong Wei rule the roost at IBL auction

July 23, 2013

Chong_Wei

New Delhi, Jul 23: Saina Nehwal is the top female sportsperson of the country. If you wonder how much that translates into real money terms, think $120,000.

Who got whom in IBL auction

For that is the amount Hyderabad Hostshots shelled out for her at the inaugural Indian Badminton League auction in the Capital on Monday.

It translates into about Rs 71 lakh, not too much if you consider that some of the cricketers have gone for ten times more at the IPL auction.

But if you consider that the Hostshots splurged 43 per cent of their total purse of $275,000 to buy 10 players, you will understand how precious she really is.

The London Olympics bronze medallist was undoubtedly the biggest Indian draw and the team from her city went out of its way to keep the star at home.

Only one shuttler fetched a bigger amount under auctioneer Bob Hayton's gavel, and that is Malaysia's World No. 1 Lee Chong Wei. Mumbai Masters bid $135,000 for his services, warding off fierce competition from the likes of Banga Beats and Delhi Smashers.

The Hotshots owners were, of course, the ones who sported the biggest smiles on the day. Rajeev Kamineni, the executive director of PVP Group, was delighted to corner two icons from the badminton world: Saina and Taufik Hidayat.

"Saina and Taufik have caught the attention of the world for close to a decade now. It is great that we have them on board," Kamineni, who bought Taufik at the base price of $15,000, said on Monday.

The Hyderabad franchise also shelled out generously for Ashwini Ponappa's new doubles partner Pradnya Gadre, who went for $46,000, up from her base price of $10,000.

Their last two buys Kanthi Visalakshi and Shubhankar Dey were bought for $3,000 each because they had only that much left to buy the reserve players.

Mumbai, after blowing away nearly half of their purse on Chong Wei, had to settle for the likes of Manu Attri ($10,000) and Sikki Reddy ($11,000) to make up the numbers.

Others like Lucknow Warriors purposely didn't go above a certain limit even for the 'icon players', with their biggest buy being young PV Sindhu for $80,000.

"Some of the teams don't understand that they have to win five different types of matches - men's singles, women's singles, men's doubles, second men's singles and mixed doubles - to progress in this tournament. Players like Chong Wei and Saina are no doubt good buys but will only win you one match each. If we had bid as aggressively, we probably wouldn't have had a balanced side like we have now," Sahara India spokesperson Abhijit Sarkar told TOI on Monday.

The auction, though, was not without its controversies. The 2010 Delhi Commonwealth Games women's doubles champions Jwala Gutta and Ponnappa went to Delhi Smashers and Pune Pistons at $31,000 and $25,000 after their base price was reduced from $50,000 to $25,000 following a meeting of all the franchises on Sunday night.

IBL's decision not to have women's doubles event in the tournament was probably the reason behind Gutta and Ponnappa's slide. "Last night, we had a closed bidding but then two players Jwala and Ashwini went unsold, so the women's doubles was scrapped and it was decided that their base price be slashed to $25,000," said Ashish Chadha, CEO of Sporty Solutionz, the commercial partner of IBL.

"Since Jwala and Ashwini were signed as icon players for the women's doubles, the IBL decided to safeguard their interest by paying them the deficit amount and give them a chance to fetch a bigger amount in the auction," said Chadha.

The player contracts will be valid for two years. The organisers claimed that the players are eligible for 15 per cent hike on this amount next year but some of the franchise owners were unaware of the clause.

Among other big Indian buys were Commonwealth Games bronze-medallist Parupalli Kashyap, picked up by Banga Beats for $75,000 while little-known Maneesha went for $26,000, more than six times her base price of $4,000. World No. 7 Tinh Minh Nyugen and world No. 4 Juliane Schenk were bought by Pune for $44,000 and $90,000.

Lee Chong Wei: $135,000

The Malaysian is the current World No.1. After Lin Dan, Lee Chong is considered to be the best men's singles player of his generation. Aged 30, Lee Chong has failed in his bid to win an Olympic gold in Beijing (2008) and London (2012). Lin Dan ensured that the gold travelled to China and Lee had to be satisfied with silver. He will lead the charge for Mumbai Masters.

Saina Nehwal: $120,000

Currently ranked World No.3, Saina reached the highest point of her career when she won the Olympic bronze medal in London 2013. She almost single-handedly challenged China's domination and scripted some memorable victories over Li Xuerui, Wang Shixian and Wang Lin. She will represent the Hyderabad Hosts, her home team.

Juliane Schenk: $90,000

She brings a lot of German spunk in her game. Retrieving shots from almost impossible angles is the hallmark of her game. She is the best female player to have emerged from Germany and crowned her career when she won the Singapore Open Superseries title in 2012. She is ranked 4th in the world.

Pradnya Gadre: $46000

She made news when Ashwini Ponnappa chose to partner her in the Indian doubles team breaking her long-term relationship with Jwala Gutta. Currently Ashwini and Pradnya are ranked World No. 27. The Nashik girl won both the doubles titles - mixed and women's - in the VV Natu Memorial All-India ranking tournament that ended on Sunday. She is a good buy for Hyderabad.

PV Sindhu: $80000

It is not surprising that PV Sindhu has fetched such a huge price. She is India's best bet after Saina Nehwal. At 18, she has already beaten 2012 Olympic gold medalist Li Xuerui in the China Masters Super Series. If he gets to play against Saina, it would be an interesting feature of the IBL.

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News Network
February 19,2020

New Delhi, Feb 19: An Indian wrestler whose family story was immortalised by Bollywood is hoping to create a blockbuster of her own by becoming her country's first world champion in the high-octane sport of mixed martial arts.

Ritu Phogat, who initially followed her father and two elder sisters into wrestling, is now charting a new path after making an explosive MMA debut in November.

Phogat's father Mahavir, and her sisters Geeta and Babita were the subject of 2016 movie "Dangal", telling the story of the wrestling coach who raised his daughters to become Commonwealth champions.

But Ritu, 25, is forging a different career. After winning her first MMA fight in less than three minutes, she will face China's Wu Chiao Chen at this month's ONE Championship fight night in Singapore, which will be held behind closed doors because of the coronavirus.

The youngest Phogat daughter is trading an attempt at an Olympic medal to tackle MMA, but she said she was attracted by the lure of making history in her new sport.

"I got a chance to train with the best in Singapore and there was no looking back," she told AFP during a promotional event in New Delhi.

"There was the 2020 Olympic Games but I thought that I would do well in mixed martial arts. I have come with an aim of becoming the first girl from India to become a world champion in mixed martial art."

The nimble but strongly built Phogat said wrestlers were a good fit for the fast-growing contact sport, which is yet to take off in India.

"Top seven champions in mixed martial arts are wrestlers, so I believe that wrestlers have an edge in this sport with their ability to take down the opponent," she said.

"It is all a matter of skill. You just have to practise hard. I think MMA is not much different from wrestling in terms of preparation.

"One has to take risks to do something new and as an athlete I am ready to embrace every challenge."

She added: "Without the support of my father and sisters I would not have been where I am. My father always taught me to be far-sighted, hard-working and with strong resolve. Three traits will take you a long way."

Phogat won 48kg gold at the 2016 Commonwealth Wrestling Championship and followed it up with a silver in the under-23 world championships the next year.

"She used to watch a lot MMA and one day told me that I will win a gold in this game. So we all backed her and the result is there for everyone to see," he 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
January 23,2020

Melbourne, Jan 23: Sania Mirza's return to her first Grand Slam after a two-year break was cut short on Thursday when the former world number one was forced to retire midway through her first round match in women's doubles at the Australian Open due to a calf injury.

India's Mirza, who won six Grand Slam doubles titles, took a break from the game after the China Open in October 2017 and gave birth to her son a year later.

The 33-year-old made a winning return to the WTA Tour at this month's Hobart International with Ukrainian Nadiia Kichenok, picking up her 42nd WTA doubles title and the first since winning the women's doubles in Brisbane in 2017.

Mirza said she strained her calf muscle in her right leg during the Hobart final.

"It just got worse in the match. It was bit of a bad strain, but I had a few days off," she told reporters. "So I obviously had to try to do whatever I could to try to get on the court.

"It felt okay when I went on the court, but it was tough to move right. I just felt like I'm gonna tear it or something pretty bad."

Mirza won her first Grand Slam in mixed doubles at the Australian Open in 2009 and also bagged the women's doubles in 2016.

Mirza always believed there was tennis left in her which inspired her comeback, she told Reuters on Sunday.

She had already pulled out of the Australian Open mixed doubles, where she was to partner compatriot Rohan Bopanna.

Mirza and Kichenok were trailing the Chinese pair of Xinyun Han and Lin Zhu 6-2 1-0 on Thursday when the Indian had to call it quits due to the injury.

"As a tennis player you want to compete, it is the Grand Slam. If it's any other tournament, you would probably take a call and be like 'I don't want to risk it'," she said.

Mirza, who is married to former Pakistan cricket captain Shoaib Malik, said she would take two weeks to recover and was hoping to play at next month's Dubai championships.

"When you play a professional sport, injuries are really part of it. And it's something that you have to accept," she said. "Sometimes the timing is really not ideal, it's tough that it happened in a Grand Slam, or just before a Grand Slam."

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