24 June, 2021

The Skunk Bat: Stinks All Over

In the muckfest that’s the IPL, Lalit Modi’s enemies have drawn blood

The Skunk Bat: Stinks All Over
outlookindia.com
-0001-11-30T00:00:00+05:53

When, at 3:16 am on April 11, Indian Premier League commissioner Lalit Modi went online on twitter.com to reveal the investment pattern of Rendezvous Sports World—the owners of the newest IPL franchise, for Kochi—he possibly didn’t know he was opening a can of worms. “Who are the shareholders of Rendezvous. And why have they been given this 100’s of million dollars bonanza?” Modi tweeted. “25 per cent of Kochi team is given free to Rendezvous Sports for life. The same equity is non-dilutable in perpetuity. What does that mean”?

The question was a bait a fellow tweeter took promptly, asking if UPA minister Shashi Tharoor, the “mentor” to Rendezvous, owns something of the Kochi consortium. Modi replied: “I was told by him not to get into who owns Rendezvous. Specially Sunanda Pushkar. Why? The same has been minuted in my records.” Sunanda, as is well known, is in a...

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