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Kings XI Punjab CEO Anil Srivatsa bows out

Published: Tuesday, October 19, 2010, 13:25 [IST]
 
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Kings XI Punjab CEO Anil Srivatsa quits

Mumbai, Oct 19: Satisfied to have done his job of building revenue, Anil Srivatsa has bowed out of the Indian Premier League (IPL) franchise Kings XI Punjab.

"My job was to build revenues which I did. Revenues were up by 45 per cent. We expected to break even next year. I have not decided on the next step," said the exiting Kings XI Punjab CEO.

While the news of Srivatsa quitting comes after his contract was recently terminated by the BCCI, he, however, maintained that he decided to leave two months ago way ahead of the Cricket Board's move.

Srivatsa, who joined the Kings XI Punjab in Oct 2009, reportedly put down her papers on in Aug 2010.

With Srivatsa's exit, the IPL team has lost two CEOs in three years.

Even though he praised IPL, Srivatsa felt IPL is not yet the right place for professionals to be in.

"The IPL is not a place ready for professionals yet. If this is looked on as a business where you let your management do their job, a lot would change," he is quoted as saying in media reports.

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Read more about: ipl, kings xi punjab, anil srivatsa, bcci
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