lalit Modi

This tag is associated with 13 posts

Lalit Modi, Cheerleaders and Bollywood Culture: A Modern Tale (Satire)

Oct 24, 2008; London, ENGLAND; Indian Premier League commissioner Lalit Modi during The Global Sport Summit Innovation vs.tradition: The quest for growth at The Landmark. Photo via Newscom Photo via Newscom

I had just stepped out of Bandra station after having climbed up and down the railway bridge. Globus, the retail outlet, were having a huge season-ending sale and I was in a tearing hurry to get there. All I needed was a rickshaw to get me to my destination. It was then that I noticed the ruckus.

A huge crowd was blocking the entrance and exit  to and from the terminus. Cries of ‘Hai! Hai!” and “Down with cultural imperialism” rent the air. There were a few  interspersed “Go Back”s as well.

I was  irritated. “What the hell was going on? Was this my unlucky day?” I thought.

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IPL Road: Kochi dilly-dallies, Modi prevaricates

Policemen stand guard outside a cricket stadium during a match in IPL tournament in Kolkata April 19, 2010. Indian authorities have begun an investigation into the financing of the Indian Premier League (IPL), the finance minister said on Monday, following allegations of corruption in the world's richest cricket tournament. REUTERS/Parth Sanyal (INDIA - Tags: SPORT POLITICS CRICKET)

It has been ominously quiet on the IPL front over the past few days.

Except for news reports that the Enforcement Directorate is studying the BCCI filed FIR against the abrasive Lalit Modi, to fructify their case against his willingness (or unwillingness) to respond to their inquiries. There has been little to report in the Indian press or media.

Lalit Modi and his lawyer claim that they have yet to receive a copy of the FIR filed by the BCCI; this is, of course, a classic delaying tactic to fob off the media until they have studied the ramifications and can respond to the allegations in a coherent manner.

The jurisdiction of the Chennai police has been questioned by Modi and his lawyer.

The ED has issued a Look Out notice that will have Mr. Modi detained at all Indian ports if he attempts to enter the country; the IPL ex-honcho shows no inclination to oblige the authorities, preferring to remain in London with token noises about answering any queries via video conference.

Meanwhile, there still seems no resolution to the dispute within the Kochi consortium with the warring parties unable to come to any sort of arrangement as yet.

Rendezvous, who hold the major chunk of sweat equity are at loggerheads with the other co-owners, namely Anchor Earth, Parinee Developers, Anand Shyam Estates and Vivek Venugopal. Only Filmwave Combines are fine with letting Rendezvous continue in the Kochi consortium with management control.

All the other co-owners have paid cash for their stakes.

Rendezvous are willing to buy their sweat equity as long as they retain a say in management matters but doubts are expressed by their partners about the source of their funding and whether the infusion of funds would pass muster with the IT department and ED.

Shashi Tharoor has not been consulted this time around; it is considered best to keep the politician at bay while discussing business matters.

The clock is ticking for the Kochi franchisee and the BCCI must be hoping for a quick resolution, or else it will be a case of even more mud-slinging in the media.

Sunanda Pushkar, now Tharoor’s spouse, has relinquished her stake and is thus no longer a factor in the mediation.

Is this the lull before the storm? Or is it the eye of the storm?

The road to IPL 4 has never seemed more bumpy or more full of obstacles and potholes. Will road rage win the day?

Note: This is an updated version of the earlier article.

Quote of the day:
Anyone nit-picking enough to write a letter of correction to an editor doubtless deserves the error that provoked it. – Alvin Toffler

IPL’s ‘Twittergate’!

A photo of a match between Chennai SuperKings ...

Image via Wikipedia

Université d'été du MEDEF 2007

Image via Wikipedia

With the spat between the 2 protagonists of the IPL ‘Twittergate’ now hitting Parliament, i.e. Tharoor’s conduct being questioned by the opposition parties, and with demands for his resignation becoming more strident, my thoughts on Shashi Tharoor and Lalit Modi.

According to global sports salaries review, IPL is the second-highest paid league, based on first-team salaries on a pro-rata basis, second only to the NBA league.

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