Pune Warriors removed from IPL for payment default

October 26, 2013

Pune_WarriorsChennai, Oct 26: The BCCI has terminated the contract of the Indian Premier League team Pune Warriors for non-payment of franchise fee.

Owned by the Sahara Group, the Pune Warriors have been on collision course with the BCCI after the Board encashed its bank guarantee due to non-payment of the franchise fee. The Sahara group announced its pull-out from the IPL after that, though it is yet to be formally conveyed to the BCCI, which wants the team to furnish a bank guarantee of Rs 170.2 crore to remain part of the league next year.

The BCCI, after reportedly reminding Sahara about the payment several times, is now planning to terminate it from the IPL. All the governing council members of the IPL have been invited for Saturday's meeting and the Board is expected to issue a 30-day termination notice to Pune Warriors.

Sahara has been demanding the completion of the arbitration proceedings on the issue of franchise fee, which it feels should be lowered since the BCCI did not deliver on its promised number of IPL matches for the team. The arbitration process has not yet started because of the differences between BCCI and Sahara over the judges to be appointed for it.

Pune, bought by Sahara for USD 370 million (approx Rs 1702 crore) in 2010, is the most expensive franchise on the IPL roster and its termination would cause a substantial financial loss to the BCCI.

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Agencies
February 7,2020

New Delhi, Feb 7: It was on February 7, 1999, that Anil Kumble became just the second bowler in the history of cricket to take all ten wickets in an innings of a Test match.

He achieved the feat against Pakistan at Feroz Shah Kotla Stadium, now known as Arun Jaitley cricket stadium in Delhi during the second Test of the two-match series.

India had set Pakistan a target of 420 runs in the match and the visitors got off to a steady start as openers Shahid Afridi and Saeed Anwar put on 101 runs for the first wicket.

It was then Kumble who came into the attack and wreaked havoc on the Pakistani batting line-up.

The spinner, also known as 'Jumbo' first dismissed Afridi (41) in the 25th over. After the right-handed batter's dismissal, India kept on taking wickets through Kumble and Pakistan was reduced to 128/6 in no time.

Kumble then kept on taking wickets at regular intervals and he got his tenth scalp in the 61st over after dismissing Wasim Akram.

This effort enabled India to register a win by 212 runs, and Kumble became the second bowler after England's Jim Laker to take all ten wickets in a single Test inning.

Kumble finished with the bowling figures of 10-74 from 26.3 overs.

Kumble announced his retirement from international cricket in 2008 and finished with 619 wickets in the longest format of the game.

He has the third-highest number of wickets in Tests, only behind Sri Lanka's Muttiah Muralitharan (800) and Australia's Shane Warne (708).

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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
June 22,2020

Zadar (Croatia), Jun 22: Grigor Dimitrov took to Instagram to announce that he has tested positive for coronavirus. The tennis star was one of the players who took part in the Adria Tour with the likes Novak Djokovic, Alexander Zverev and Dominic Thiem among others.

Taking to Instagram, the player wrote: "Hi Everyone-I want to reach out and let my fans and friends know that I tested positive back in Monaco for Covid-19. I want to make sure anyone who has been in contact with me during these past days gets tested and takes the necessary precautions. I am so sorry for any harm I might have caused. I am back home now and recovering. Thanks for your support and please stay safe and healthy."

He also urged those who had come in contact with him over the last few days in Monaco should also get tested for the deadly virus.

Meanwhile, World no.1 Djokovic reached the final of his exhibition tournament in Zadar, Croatia, after easing through the round-robin group stage on the first day. This is the second stage of the Adria Tour with Austrian Dominic Thiem winning the first leg in Belgrade, Serbia.

Djokovic started by saving three set points in his 4-3, 4-1 win over fellow Serb Pedja Krstin. He then beat home favourite Borna Coric 4-1, 4-3 in front of several thousand fans at the Visnjik tennis complex.

The tournament in Zadar is being played on red clay over two days. In the other group, Russian Andrey Rublev is in pole position to advance into the final after wins over 2014 US Open champion Marin Cilic and Serb Danilo Petrovic. He faces German star Alexander Zverev in the final round robin match on Sunday who stayed in contention after beating Cilic 4-3, 0-4, 4-3.

Djokovic''s own inconsequential final group match is against Croatian Dino Serdarusic who replaced Grigor Dimitrov after the Bulgarian pulled out of the tournament with sickness following his opening 4-1, 4-1 loss to Coric.

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