Uncapped Chakravarthy fetches big bucks at IPL auction, Yuvraj finds a buyer at last

Agencies
December 19, 2018

Dec 19: Unheralded architect-turned-cricketer Varun Chakravarthy on Tuesday fetched a sensational bid of Rs 8.4 crore, more than 40 times his base price, before veteran Yuvraj Singh finally found a buyer at the IPL players' auction that had an unmissable Caribbean flavour to it.

Chakravarthy, with a base price of Rs 20 lakh, went to Kings XI Punjab after a bidding war that also involved Delhi Capitals, Chennai Super Kings and Rajasthan Royals.

KXIP, who had the maximum money going into the auction, also spent big on England all-rounder Sam Curran, buying him for Rs 7.2 crore, the most for an overseas player on Tuesday. Colin Ingram was the second-highest paid overseas player with Delhi Capitals shelling out Rs 6.4 crore for the South Africa wicket-keeper batsman.

Yuvraj fans must have also heaved a sigh of relief when the 37-year-old was bought by Mumbai Indians for his base price of Rs 1 crore after going unsold initially.

"If you are wondering why this took time...We've just got back to senses! Welcome to Mumbai (Yuvraj)," tweeted Mumbai Indians.

Yuvraj secured a last minute deal but his IPL fortunes have been declining rapidly. In 2015, he fetched a record Rs 16 crore deal with the Delhi franchise but was picked up by KXIP at his base of price of Rs 2 crore last season before the team released him.

Both uncapped and capped Indians were in demand at the auction. Medium pacer Jaydev Unadkat became a millionaire once again with a Rs 8.4 crore bid from Rajasthan Royals but the spotlight was firmly on Chakravarthy, the 27-year-old mystery spinner from Tamil Nadu who gave up a career as freelance architect to pursue cricket.

"We had to wait and see how the bid was going (for Chakravarthy). He can bowl in the Powerplay and in the death and can also bat," said KXIP coach Mike Hesson.

Chakravarthy has risen to prominence owing to a strong showing in the Tamil Nadu Premier League. He has been widely credited for Madurai Panthers maiden TNPL title win this year.

Unadkat, on the other hand, is back in the RR fold after being released at the end of the 2018 season. He had been bought for Rs 11.5 crore by RR earlier this year. On Tuesday, the Royals lapped him up him after a bidding battle with KXIP, CSK and Delhi Capitals.

Besides Chakaravarthy, the other uncapped players who attracted huge amounts were 16-year-old all-rounder Prayas Ray Barman from Bengal (Rs 1.5 cr to RCB), Punjab wicketkeeper Prab Simran Singh (Rs 4.8 cr to KXIP), Mumbai batsman Shivam Dube (Rs 5 cr to RCB) and Uttar Pradesh batsman Akshdeep Nath (Rs 3.6 cr to RCB) , who was bought after he re-entered the auction pool.

With uncertainty over the availability of Australian and England players in a World Cup year, the teams went after the West Indians.

Out of the 20 overseas slots available, six were sealed by the Caribbean players including Shimron Hetmyer, Carlos Brathwaite , Nicholas Pooran, Oshane Thomas, Keemo Paul and Sherfane Rutherford.

Royal Challengers Bangalore paid Rs 4.2 crore for Hetmyer. Kolkata Knight Riders, Rajasthan Royals and Delhi Capitals also bid for the stylish West Indian batsman, who had a base price of Rs 50 lakh.

His teammate Brathwaite, the star of 2016 World T20, was sold to KKR for Rs 5 crore after a bidding war between the Dinesh Karthik-led side and Kings XI Punjab.

The all-rounder had entered the auction with a base price of Rs 75.

Another West Indian to get an attractive deal was wicketkeeper Nicholas Pooran. The 23-year-old, who came with a base price of Rs 75 lakh, went for Rs 4.20 crore to KXIP. He is a T20 find and is yet to play Test cricket. Delhi Capitals paid Rs 2 crore and Rs 50 lakh for Rutherford and Keemo Paul respectively while Royals bought Thomas for Rs 1.1 crore.

Amongst other Indians, spinner Axar Patel (Rs 5 cr to Delhi Capitals), pacer Mohit Sharma (Rs 5 cr to CSK) and Mohammad Shami (Rs 4.8 cr to KXIP) were the other names to fetch big bids.

Patel, who made his name at KXIP, was bought by Delhi Capitals after a bidding battle with the Punjab franchise.

Shami, who turned up for Delhi last season, was sold to KXIP while Mohit went back to Chennai Super Kings after a stint with KXIP.

Indian Test player Hanuma Vihari was sold to Delhi Capitals for Rs 2 crore, four times his base price.

Pacer Ishant Sharma, who had a base price of Rs 75 lakh, went to Delhi Capitals for Rs 1.1 crore while wicketkeeper Wriddhiman Saha was bought back by Sunrisers Hyderabad for Rs 1.2 crore.

The high-profile unsold players were Cheteshwar Pujara, Brendon McCullum, Shaun Marsh, Chris Woakes and Dale Steyn.

 Out of total 60 players sold at the auction, 40 were Indians and 20 foreigners, costing teams Rs 106.8 crore.

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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
March 26,2020

New Delhi, Mar 26: As India continues its fight against coronavirus, the Board of Control for Cricket in India (BCCI) President Sourav Ganguly pledged to donate rice worth Rs 50 Lakhs to the needy people.
The Cricket Association of Bengal (CAB), in its statement, said Ganguly along with Lal Baba Rice will provide rice to people who have been put in government schools for safety and security.
"#Sourav to provide Free Rice to the Needy It is heartening to note that Sourav Ganguly along with Lal Baba Rice has come forward to provide free rice worth Rs 50 lacs to the needy people who have been put in government schools for safety and security. Hope this initiative of Ganguly would encourage other citizens of the state to take up similar initiatives to serve the people of our state. #CAB," CAB said in a statement.
CAB President Avishek Dalmiya has also lent support to the needy people as he donated Rs 5 lakhs to the Government's Emergency Relief Fund.
"CAB President donates 5 lakhs to the Government's Emergency Relief Fund to fight against #CoronaVirus/#Covid19," CAB said in a statement.
Prime Minister Narendra Modi on Tuesday announced a 21-day nation-wide lockdown to contain coronavirus.

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Agencies
January 16,2020

New Delhi, Jan 16: Mahendra Singh Dhoni was on Thursday dropped from the BCCI's list of centrally contracted players, raising fresh doubts on the future of the former India captain who has not played since the World Cup semifinal loss to New Zealand last year.

The BCCI announced the central contracts for the period of October 2019 to September 2020. Dhoni was in the A category, which fetches a player Rs 5 crore, until last year.

Skipper Virat Kohli, his deputy Rohit Sharma and top pacer Jasprit Bumrah were retained in the highest A+ bracket of Rs 7 crore.

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