20 April, 2021

Sons-In-Law Inc

Cricket administrator pas-in-law come in handy

Sons-In-Law Inc

Everybody made money from the IPL. With each passing season, it grew in audience and wealth.While Srinivasan owned a team through India Cements, a complaint made to the BCCI in March 2015 alleges that Sharad Pawar’s family also benefited from the T20 league. When Lalit Modi pitched the idea of IPL, Pawar lapped it up and backed him. When it was finally launched, World Sports Group (India) Pvt Ltd and Singapore-based Multi Screen Media Satellite (Singapore) Pvt Ltd (MSMS) won the bid for media rights in Asia from 2008 to 2012 for USD 275.5 million.

The complaint claims that Pawar’s son-in-law, Sadanand Sule, held nearly 20 per cent stake in the company at the time and Sony television channel held controlling interest through its parent Sony Corporation. The next year, Sule sold his stake in the company for a hefty sum and Lalit Modi also cancelled the broadcast agreement with MSMS. Guru­nath Meiyappan was not the only son-in-law connected to cricket through a powerful pa-in-law cum cricket administrator.

The same complaint also alleges that former...

In this article:

Latest Magazine

April 26, 2021

other articles from the issue

articles from the previous issue

Other magazine section