Source: Yahoo.com
Mohali, March 29 -- A sum of Rs 1.8 crore may be the savings of a lifetime for many. In the IPL, it's the amount the Kings XI Punjab players have to pay in fines. They didn't commit a crime and they didn't say anything libelous. But they did bowl really, really slow.
Preity Zinta's men are used to sticky wickets. Disciplinary issues, run-ins with authorities over smoking in public areas, court summons for using pictures of freedom fighters in their promos and allegations of racism (by cheerleaders) have chased them.
On Saturday, days after they were fined $1,40,000 (Rs 64 lakh approximately) for slow over-rate, came an even bigger fine - $2,50,000 (Rs 1.13 crore approximately) - for the same reason. The franchise holders are yet to say if they will absorb the fine. While the top players have contracts worth hundreds of dollars, the earnings of other members hang in the balance. Pegged as a money-spinner, the IPL may well turn out to be the only tournament that leaves its cricketers with less money than they began with.
Showing posts with label Preity Zinta. Show all posts
Showing posts with label Preity Zinta. Show all posts
Tuesday, March 30, 2010
Wednesday, March 24, 2010
Preity Zinta may sell stake in Kings XI Punjab team
Source: business.rediff.com and Business Standard
A day after the two new teams in the fourth season of the Indian Premier League were sold for over Rs 1,500 crore (Rs 15 billion) each, the owners of Kings XI Punjab are understood to have entered into discussions to sell their stake in the team.
According to sources, Preity Zinta and Ness Wadia, owners of KXIP, are looking at offloading their stake in the team for $200 million (Rs 920 crore) to a clutch of investors.
The team was bought by Zinta, Wadia and their business partner, Mohit Burmani, for $76 million (Rs 350 crore at the exchange rate of Rs 46 per dollar) in the first season of IPL in 2008.
However, the management of KXIP said it had no news of any such deal.
"These are mere speculation. In the past, too, there have been rumours of stake sale which turned out to be untrue. The owners have not informed us whether they are selling their stake in the team. We cannot respond to these speculations," said Anil Srivatsa, CEO of KXIP.
Board of Control for Cricket in India officials said Zinta or Wadia might be talking to people for selling their stakes; however, the IPL Governing Council had not been informed.
"These are private deals and the IPL Governing Council does not interfere in such matters. Only when the deal is finalised are the team owners obligated to inform the Governing Council," said Rajiv Shukla, chairman, media and finance committee, BCCI.
A day after the two new teams in the fourth season of the Indian Premier League were sold for over Rs 1,500 crore (Rs 15 billion) each, the owners of Kings XI Punjab are understood to have entered into discussions to sell their stake in the team.
According to sources, Preity Zinta and Ness Wadia, owners of KXIP, are looking at offloading their stake in the team for $200 million (Rs 920 crore) to a clutch of investors.
The team was bought by Zinta, Wadia and their business partner, Mohit Burmani, for $76 million (Rs 350 crore at the exchange rate of Rs 46 per dollar) in the first season of IPL in 2008.
However, the management of KXIP said it had no news of any such deal.
"These are mere speculation. In the past, too, there have been rumours of stake sale which turned out to be untrue. The owners have not informed us whether they are selling their stake in the team. We cannot respond to these speculations," said Anil Srivatsa, CEO of KXIP.
Board of Control for Cricket in India officials said Zinta or Wadia might be talking to people for selling their stakes; however, the IPL Governing Council had not been informed.
"These are private deals and the IPL Governing Council does not interfere in such matters. Only when the deal is finalised are the team owners obligated to inform the Governing Council," said Rajiv Shukla, chairman, media and finance committee, BCCI.
Tuesday, March 9, 2010
IPL cricketers to don eco-friendly attires
Taken from: Hindustantimes.com
Not only does the third edition of the Indian Premier League (IPL) promise to be one of the biggest sporting extravaganzas in the country, it plans to keep the show small in its carbon footprint too.
And doing its bit to help the organisers achieve their goal is the famed hosiery industry of Ludhiana — otherwise notorious for its pollution record — with ‘green kits’.
Contracts have been received to produce the eco-friendly sportswear to be worn by IPL team owners like Shah Rukh Khan, Preity Zinta, the Ambanis, their players and the lakhs of fans expected to buy them as souvenirs.
Carbon footprint is the measure of the ‘environment-killer’ carbon dioxide (CO2) released in any activity by way of energy consumed to produce goods or carry out any work.
And the specially designed “carbon neutraliser” clothing cuts down on the vital count at every stage of production — from raw materials to packaging. The result: from the average 6-8 kg CO2 released in the environment per garment, it will be as low as 3.5 –4.5 kg per ‘dri-fit garment’ being produced.
Different units have contracts to produce 16 lakh such kits.
Arun Dhand, owner of Ankita Impex, producing for Reebok, says: “We imported special raw materials, including polyester, which is sourced from recycling. Its carbon credentials have been scientifically established.”
Reebok is supplying to Kolkata Knight Riders, Royal Challengers, Chennai Super Kings and Kings XI Punjab. Another global brand, Adidas, has given the contract to two other city-based firms — Knitwell Apparels and Ankita Impex’s sister concern run by Dhand’s son Anuj — to provide the kits to Mumbai Indians and Delhi Daredevils.
But a small carbon footprint is not the only quality of the green kits. These are also 16 per cent lighter than the previous year’s kits, and designed to keep the wearer drier, cooler and, thus, more comfortable. The fabric carries the sweat to its outer surface much quicker, thus facilitating fast evaporation. Then there are ‘ventilation zones’ — essentially, laser-cut holes — that enhance ‘breathability’ of the garment.
As this is the second time the local units are fabricating sportswear for the IPL, workers at the factories have their loyalties too. For Jugraj, it is Royal Challengers. “It was a proud moment when I saw team owner Vijay Mallaya wearing the shirt tailored by me. This time, I’ve asked to be again put on the unit stitching for Royal Challengers,” he says.
Sanjay has been inscribing ‘best of luck’ on every carton containing kits for Mahendra Singh Dhoni’s daredevils.
Not only does the third edition of the Indian Premier League (IPL) promise to be one of the biggest sporting extravaganzas in the country, it plans to keep the show small in its carbon footprint too.
And doing its bit to help the organisers achieve their goal is the famed hosiery industry of Ludhiana — otherwise notorious for its pollution record — with ‘green kits’.
Contracts have been received to produce the eco-friendly sportswear to be worn by IPL team owners like Shah Rukh Khan, Preity Zinta, the Ambanis, their players and the lakhs of fans expected to buy them as souvenirs.
Carbon footprint is the measure of the ‘environment-killer’ carbon dioxide (CO2) released in any activity by way of energy consumed to produce goods or carry out any work.
And the specially designed “carbon neutraliser” clothing cuts down on the vital count at every stage of production — from raw materials to packaging. The result: from the average 6-8 kg CO2 released in the environment per garment, it will be as low as 3.5 –4.5 kg per ‘dri-fit garment’ being produced.
Different units have contracts to produce 16 lakh such kits.
Arun Dhand, owner of Ankita Impex, producing for Reebok, says: “We imported special raw materials, including polyester, which is sourced from recycling. Its carbon credentials have been scientifically established.”
Reebok is supplying to Kolkata Knight Riders, Royal Challengers, Chennai Super Kings and Kings XI Punjab. Another global brand, Adidas, has given the contract to two other city-based firms — Knitwell Apparels and Ankita Impex’s sister concern run by Dhand’s son Anuj — to provide the kits to Mumbai Indians and Delhi Daredevils.
But a small carbon footprint is not the only quality of the green kits. These are also 16 per cent lighter than the previous year’s kits, and designed to keep the wearer drier, cooler and, thus, more comfortable. The fabric carries the sweat to its outer surface much quicker, thus facilitating fast evaporation. Then there are ‘ventilation zones’ — essentially, laser-cut holes — that enhance ‘breathability’ of the garment.
As this is the second time the local units are fabricating sportswear for the IPL, workers at the factories have their loyalties too. For Jugraj, it is Royal Challengers. “It was a proud moment when I saw team owner Vijay Mallaya wearing the shirt tailored by me. This time, I’ve asked to be again put on the unit stitching for Royal Challengers,” he says.
Sanjay has been inscribing ‘best of luck’ on every carton containing kits for Mahendra Singh Dhoni’s daredevils.
Monday, March 8, 2010
Saif-Kareena upset with IPL bid cancellation
Taken from: Mid-Day
The power couple was interested in bidding for an IPL team (Pune) along with Karisma and Sanjay Kapur. A sudden change of rules ruined the plan
Saif Ali Khan and Kareena Kapoor were to buy an Indian Premier League (IPL) team. Not any more, it seems. The chote nawab is upset that the bidding was cancelled at the last moment and that new regulations were suddenly brought in.
The auction took place in Mumbai yesterday. Saif and Kareena were present at the bidding for new teams (Pune, Nagpur and Ahmedabad). It is learnt that the duo along with Kareena's sister Karisma Kapoor and her husband Sanjay Kapur and Videocon's Venugopal Dhoot are interested in buying the Pune team. Now, with the auction being cancelled and a change of rules set to take place, Saif's very upset and isn't interested in bidding anymore.
Says Saif, "Yes, we were interested in buying the Pune team but the bidding process was cancelled and the rules were changed. Kareena and I had submitted our bid and there was one other person but Lalit (Modi) cancelled it. It would've been great if we could have bought the Pune team and entered the IPL as I love cricket too (his dad is one of India's former cricket captains, Mansur Ali Khan Pataudi)."
An investment
A fresh auction will now be held eight days later, but the chote nawab may not place a bid. Saif says bluntly, "Whether we will still be interested or not will depend on how the rules have changed and what value the teams will be sold at. It has to be at a certain price. It's an investment for us and we have to buy something that's worth something. We can't end up losing money if it's not a sound investment."
Saif feels that there are many reasons for the cancellation of the auction. "It's all internal trade, internal issues within the Board of Control for Cricket in India (BCCI), the IPL and big business and politics (involving Chief Ministers) and heads of multi-national companies -- something that's beyond my understanding."
A new system
Elaborating on what made the couple change their minds, Khan says, "The whole bid was cancelled with no explanations given. It's politics and big business. In the new system, you don't need to be a billionaire or have 100 million in your bank account as guarantee to bid for an IPL team. In the last bidding, when the Pune and Ahmedabad teams were being auctioned only two people were bidding for the teams. Now with the changed scenario, there will be many bidders for one team.
Saif's father, the Nawab of Pataudi, is a member of the Governing Council of the IPL. Maybe he could talk to him? Saif says, "My father isn't part of this... It's something to do with the BCCI and Lalit Modi."
FACTS
Preity Zinta, Shahrukh Khan and Shilpa Shetty are B-Towners who already own IPL teams. It was rumoured that Sanjay Dutt and Ajay Devgn were also keen on buying IPL teams.
New IPL rules
Earlier only groups with a net worth of $1 billion (approx Rs 4,500+ crores) were proposed to be allowed, and the bidders had to provide a bank guarantee of $100m to just participate in the bidding process. These two clauses have been dropped for the new bidding scheduled for March 21. Modi has now set a new condition that a $10 million advance performance deposit would be submitted 24 hours in advance by March 20. The successful bidders would also need to be ready to pay 10% of the amount that they bid, within 48 hours of being awarded the franchise. The base price of each team would now be $225m .
Taken from: Mid-Day
The power couple was interested in bidding for an IPL team (Pune) along with Karisma and Sanjay Kapur. A sudden change of rules ruined the plan
Saif Ali Khan and Kareena Kapoor were to buy an Indian Premier League (IPL) team. Not any more, it seems. The chote nawab is upset that the bidding was cancelled at the last moment and that new regulations were suddenly brought in.
The auction took place in Mumbai yesterday. Saif and Kareena were present at the bidding for new teams (Pune, Nagpur and Ahmedabad). It is learnt that the duo along with Kareena's sister Karisma Kapoor and her husband Sanjay Kapur and Videocon's Venugopal Dhoot are interested in buying the Pune team. Now, with the auction being cancelled and a change of rules set to take place, Saif's very upset and isn't interested in bidding anymore.
Says Saif, "Yes, we were interested in buying the Pune team but the bidding process was cancelled and the rules were changed. Kareena and I had submitted our bid and there was one other person but Lalit (Modi) cancelled it. It would've been great if we could have bought the Pune team and entered the IPL as I love cricket too (his dad is one of India's former cricket captains, Mansur Ali Khan Pataudi)."
An investment
A fresh auction will now be held eight days later, but the chote nawab may not place a bid. Saif says bluntly, "Whether we will still be interested or not will depend on how the rules have changed and what value the teams will be sold at. It has to be at a certain price. It's an investment for us and we have to buy something that's worth something. We can't end up losing money if it's not a sound investment."
Saif feels that there are many reasons for the cancellation of the auction. "It's all internal trade, internal issues within the Board of Control for Cricket in India (BCCI), the IPL and big business and politics (involving Chief Ministers) and heads of multi-national companies -- something that's beyond my understanding."
A new system
Elaborating on what made the couple change their minds, Khan says, "The whole bid was cancelled with no explanations given. It's politics and big business. In the new system, you don't need to be a billionaire or have 100 million in your bank account as guarantee to bid for an IPL team. In the last bidding, when the Pune and Ahmedabad teams were being auctioned only two people were bidding for the teams. Now with the changed scenario, there will be many bidders for one team.
Saif's father, the Nawab of Pataudi, is a member of the Governing Council of the IPL. Maybe he could talk to him? Saif says, "My father isn't part of this... It's something to do with the BCCI and Lalit Modi."
FACTS
Preity Zinta, Shahrukh Khan and Shilpa Shetty are B-Towners who already own IPL teams. It was rumoured that Sanjay Dutt and Ajay Devgn were also keen on buying IPL teams.
New IPL rules
Earlier only groups with a net worth of $1 billion (approx Rs 4,500+ crores) were proposed to be allowed, and the bidders had to provide a bank guarantee of $100m to just participate in the bidding process. These two clauses have been dropped for the new bidding scheduled for March 21. Modi has now set a new condition that a $10 million advance performance deposit would be submitted 24 hours in advance by March 20. The successful bidders would also need to be ready to pay 10% of the amount that they bid, within 48 hours of being awarded the franchise. The base price of each team would now be $225m .
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