IPL Kochi scam: Deccan reveal ownership details

Published: Friday, April 16, 2010, 13:02 [IST]
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

Kochi scam: DC reveal ownership details

Mumbai: Amid the raging controversy over ownership of IPL Kochi, all teams are now being forced to reveal ownership and financial details.

Deccan Chargers is entirely owned by Deccan Chargers Sporting Ventures Ltd, a 100 per cent subsidiary of Deccan Chronicle Holdings Ltd.

In a statement issued to the Bombay Stock Exchange and the National Stock Exchange, Deccan Chronicle named the directors on the board of Deccan Chargers Sporting Ventures.

IPL 2010: Fixture - Teams - Points - Orange-Purple - 6's & 4's - Highest Score

The stock was trading at Rs.156.90, down by Rs.0.85 or 0.54%. The stock hit an intraday high of Rs.180 and low of Rs.155.15.

According to the filing, the Board of Directors of Deccan Chargers Sporting Ventures Limited has Mr V Shankar as its Chairman and Mr T. Venkattram Reddy, Mr P.K. Iyer, Mr N Krishnan, Mr M. Sukumar Reddy and Mr G. Kumar as Directors.

On the other hand Reliance Industries, UB Group, GMR Holdings and India Cements are some of the leading industrial houses that own various teams.

Preity Zinta, Ness Wadia of the Bombay Dyeing group, accompanied by Karan Paul and Mohit Burman, own Kings XI Punjab. Bollywood superstar Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta own Kolkata Knight Riders.

Mumbai Indians is owned by Reliance Industries Ltd (RIL) through subsidiary IndiaWin Sports.

With all the details forced to be poured out, one can only hope that the teams are corruption-free so that controversies don't mar what really matters - Cricket.

Write Comments