Fearing termination, RR distances from Kundra

June 8, 2013

KundraBangalore/New Delhi, Jun 8: Facing termination prospects, an embattled Rajasthan Royals distanced itself from?co-owner Raj Kundra, saying he has no role in the running of the franchise, and would be suspended if found guilty.

The Jaipur-based IPL franchise slipped into deep trouble after Kundra reportedly confessed to betting on his team before the Delhi Police on Thursday. According to IPL rule 11.3 (C), a franchise can be terminated if the owner or owners bring disrepute to the team or the league.

Royals, however, made it clear in a statement that Kundra had no involvement in the functioning of the team. Kundra would have to forfeit his shares in the franchise if he indeed breached any regulation.

“As a franchise, we have always been clear that the same rules apply to the players, management or the owners. As such, our actions will be consistent as in the case of the spot-fixing allegations with respect to our players,” said Rajasthan Royals chairman Ranjit Barthakur and CEO Raghu Iyer in a statement.

“Raj Kundra is a minority shareholder and he has no involvement in the running of the franchise. We believe that Kundra is a law-abiding citizen and would not act contrary to law.

“If however, he is proven guilty, or has breached any regulations, he will be suspended. He will also forfeit his shares. This is a strict governance procedure agreed to by all Rajasthan Royals shareholders and it is consistent with our zero tolerance approach,” the statement said.

Apart from Kundra, who holds 11.7 per cent shares in the franchise along with his wife Shilpa Shetty through Kuki Investment. Manoj Badale (Emerging Media, 32.4 per cent), Suresh Chellaram & family (44.2 per cent) and Lachlan Murdoch (Blue Water Estate Limited, 11.7 per cent) are the other shareholders.

The statement was issued after the Board of Control for Cricket in India convened an Emergent Working Committee meeting in Delhi on Monday to discuss issues related to the spot-fixing scandal, including the Kundra episode. The BCCI meeting will also discuss the report submitted by Ravi Sawani, chief of the

Board’s ACSU, on the fixing charges against three Royals players, S?Sreesanth, Ajit Chandila and Ankeet Chavan.

In another development, Kundra has hired noted criminal lawyer Majeed Memon to defend him. “I was called by the Delhi Police since I am a minority shareholder of Rajasthan Royals and a few questions were put to me to which I have satisfactorily answered,” Kundra said in a statement issued through Memon.

“I would like to reiterate that I am innocent and equally anxious to know as to what went wrong within Rajasthan Royals. In case anything is established against me, I shall be willing to forfeit my shares in Rajasthan Royals,” he added.

Meanwhile, the Delhi Police have claimed that Shetty placed a bet of Rs 1 lakh during this IPL?season and they are planning to question Kundra again.

The police said Shetty placed a bet once during a match between Kolkata Knight Riders and Delhi Daredevils in the national capital. However, investigators have to verify the claims.

“Kundra will be questioned again very soon and if need be, Shetty too,” said a senior police officer.

The officer said Kundra, in his statement, claimed to have lost Rs 12.5 lakh in betting during this IPL season, Rs 40 lakh the previous year and Rs 50 lakh in 2011.

The officer, however, declined to “buy this argument.” “He had told us that he placed bets on matches played by Rajasthan Royals. In this season, his team won 11 out of the 16 matches it played and it is hard to believe that he lost money,” said a senior police officer.

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News Network
May 2,2020

Melbourne, May 2: After becoming the number one side in Test cricket, Australia's head coach Justin Langer has said that his team has won back the respect of the country.

Australia dethroned India from the top spot in Tests and now the Men in Blue are in the third place.

Langer came in as the coach of Australia after the 2018 ball-tampering scandal and it took him some time to get the side back to winning ways.

Ever since the return of David Warner and Steve Smith, Australia went on to become a commendable side and the results reflect that.

"We have got lots of work to do to become the team we want to be. But over the last couple of years, not only have we performed well on the field, we have performed well off it. We have earned some respect back from other teams around the world but also from Australia," Langer said in an official statement.

"When we started on this journey, there had been a lot of talk about Australia wanting to be No. 1 in the world in all three forms of the game.

We took a different approach. Not once did we talk about being No. 1 ranked in the world. We wanted to be No.1 in our values and process. That is what I am most proud of," he added.

In the latest ICC rankings update, that rates all matches played since May 2019 at 100 per cent and those of the previous two years at 50 per cent, Australia (116) have taken over from India as the top-ranked side in the ICC men's Test team rankings with New Zealand (115) remaining in second place.

India is now third with 114 points. With only two points separating them, this is the second closest the top three teams have been since the Test rankings were launched in 2003.

The closest for the top three teams were in January 2016, when India had led Australia and South Africa by a single point.

Australia has also moved to the top spot in the T20I rankings for the first time in the format.

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News Network
April 7,2020

London, Apr 7: Bowling coach Waqar Younis feels that it was the absence of pacers Wahab Riaz and Mohammad Amir which saw Pakistan getting whitewashed during Australia tour last year.

Amir and Riaz had quit the red-ball format ahead of the matches against Australia in 2019.

"Just before the Australia series, they ditched us and we had the only choice to pick youngsters.

We were the new management and decided to go on with taking in the younger lot and groom them. ESPNcricinfo quoted Younis as saying.

Pakistan was not able to win a single match in Australia as they got defeated both in T20Is and Test series.

"It's not like we have lost a lot, but yes they left us at the wrong time. But anyway, we don't have any grudge against them," Younis added.

"We cannot control players' choice on what they want to play, but then there should be a mechanism so we all are on board. "It's not like I am saying we could have won in Australia but we could have done better than what we have done," he opined.

Amir gave up the red ball format in July in order to manage his workload and extend his white-ball career for Pakistan as well as in T20 leagues around the world, while Riaz took an "indefinite break" from Test cricket in September last year.

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Agencies
April 2,2020

Lausanne, Apr 2: The postponement of the Tokyo Olympics and the shutdown of the sporting calendar because of the coronavirus pandemic are going to hit international sports federations hard financially.

Many sports that are part of the Games depend heavily on the payouts every four years from the International Olympic Committee (IOC).

"The situation is tense and very gloomy. An assessment will be made, but clearly some posts are under threat," said an official of a major international federation.

The 28 international federations (IF) of the sports that were due to be present at the Tokyo Olympics, would have received substantial sums from the IOC.

However, the postponement of the Games until 2021 could lead to a freeze of their payment.

"We have a lot of IF with substantial reserves, but others work on a different business model, they have income from major events which are suspended, which can be a problem for the cashflow if they don't have enough reserves," said Andrew Ryan, director general of the Association of International Olympic Summer Sports Federations (ASOIF), which is responsible for distributing this money.

The five additions to the Tokyo Games programme - karate, surfing, skateboarding, climbing and baseball/softball - are not eligible.

The Olympic payout totalled 520 million after the Rio Games, four years ago.

"The Olympic money could be less than for Rio 2016," Ryan warned before adding: "My advice is to budget the same as in Rio".

The federations receive money on a sliding scale determined by their audience and size.

The three largest (athletics, swimming and gymnastics) can expect approximately 40 million.

For the second tier, made up of cycling, basketball, volleyball, football and tennis, the sum is 25 million.

For group three, which contains eight sports, including boxing, rowing, judo and table tennis, it is 17 million.

The nine sports in the next level (including sailing, canoing and fencing) receive 12 million.

For the three in the last category (rugby, golf, modern pentathlon) the payout is 7 million.

For the largest associations, such as football's FIFA which has a 1.5 billion nest egg, or basketball body FIBA which has CHF 44.4 million (42 million euros) in reserves, IOC aid represents a small proportion of their income.

For others, it is vital.

"Some IF probably don't have the cashflow to survive one year," said Ryan.

For most federations, the postponement of the Olympic Games has a domino effect, forcing them to reschedule their own money-earning competitions.

"The revenues from these events will eventually come in," said Ryan. "But this impacts the cashflow." World Athletics has already postponed the 2021 World Championships in Eugene, Oregon to 2022.

The International Swimming Federation (FINA) will have to do the same for its World Championships scheduled for next summer in Fukuoka, Japan, when they would probably clash with the Tokyo Games.

"One edition of the World Championships means for us 10 million in revenues," said one sports federation official, speaking on condition of anonymity.

"If this income is postponed, totally or partially, for a year, we will face major problems, especially if the IOC money, originally expected in September, is not paid out."

The Singapore-based International Table Tennis Federation has already taken steps, with "the Executive Committee agreeing to reduce their expenses and senior staff offering to take a salary reduction," said marketing director Matt Pound, but, he added,"further cuts will take place if needed."

- 'Significant loss of revenue' -

The ITTF has suspended all its competitions until June and that is costly.

Kim Andersen, the Danish president of London-based World Sailing, said commercial revenues are not immune.

"The IOC will eventually pay out its aid, but what weighs most heavily is the uncertainty about whether our competitions will be held and whether our sponsors will be maintained," he said.

The IOC is not prepared to go into details of what it plans.

"It is not possible at this stage to assess the overall impact" of the postponement of the Tokyo Olympics, an official told AFP.

"It depends on a number of variables that are currently being studied." According to an official of one federation: "the IOC will discuss on a case-by-case basis, sport by sport".

Another option is for the federations to ask for a share of the public aid set up to deal with the coronavirus crisis, in Switzerland, where 22 ASOIF members are based and also in the United Kingdom, home of World Sailing.

"Can sports federations benefit from federal aid? The answer is yes, in principle," Philippe Leuba, State Councillor of the canton of Vaud, in charge of the economy and sport, told.

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