“Sachin can’t own IPL team”
If Sachin Tendulkar had any inclination to jointly bid for a team of the Indian Premier League, he will have to think of an alternative what with the BCCI stating today (November 13) that no contracted player will be allowed to make a bid to own an IPL team.
Just when reports suggested the Master Blaster was keenly considering a joint bid to co-own a Franchise of the Indian Premier League, the Board has made it’s stand clear.
Senior board officials have catagorically told TIMES NOW that no current player would be allowed to make bid to own an IPL team.
“Sachin’s playing – when someone is playing, where does this question of owning a team crop up?” said BCCI Vice President Rajiv Shukla.
“Anyone who is contracted cannot own a team. So far there is nothing in this scheme that players can also buy. So unless it is built in as a clause how can they buy,” said BCCI joint secretary M P Pandove.
The BCCI has for now put its position in the open following media reports that said the Kishore Biyani-promoted Future Group were in talks with Sachin Tendulkar for a partnership to bid and own a team representing Mumbai in the official league.
Leading retail gaints The Future Group meanwhile were tight lipped about their possible alliance with the Master Blaster, terming the reports today as “speculation”.
Current players may not have the right to own IPL teams, but the race to pick franchise stakes with the IPL is gaining steam with leading corporate biggies entering the fray. Business Tycoons like Vijay Mallya and the Ambanis are believed to be finalising formalities with the Indian cricket board to pick stakes with the official league.
Tendulkar’s attempts of picking a minority stake in an IPL franchise may not happen following BCCI’s hard-stance on the issue – but will the star-cricketer still pursue the matter?
Reports suggest the BCCI have levelled a base price of $50 mn (USD) for owning a 10-year Franchise with the IPL, but sources say the figure could swell anywhere between $75 mn to $90 mn. IPL clearly means big bucks and understandably corporate bigwigs are keen on getting their share of the pie.
Not just corporates and Hollywood celebrities – even the biggest brands among cricketers want to own stakes with the highly lucrative Indian Premier League.
But the BCCI for now have clearly put their foot down reiterating that no current cricketer will own a stake in any of the IPL franchises.