The IPL Drama
Sunday, May 23, 2010
Leave a Comment
March, 2010:
BCCI cancels IPL franchise tender process after objections over stiff financial clauses. Two new IPL franchises comes into existence after the first auction is cancelled following the BCCI’s objection to stiff financial clauses set by Modi. Second auction was conducted two weeks later with Sahara (Pune) and Rendezvous (Kochi) bagging the bids. Sahara wins Pune, Rendezvous group gets Kochi for $333.33 million. (Videocon and Adani group, who supposedly had Modi’s backing out-bidden). Rendezvous' surprise bid has upset bigger players.
April 2010:
April 9, 2010: Questions raised in media over Kochi's shareholding pattern. IPL asks Rendezvous to clarify its ownership structure.
April 10-11, 2010: Kochi owners meet Modi in Bangalore, sign formal agreement to be part of IPL, and disclose ownership structure. The shareholding pattern of Kochi franchisee disclosed by Modi on Twitter. Name of Sunanda Pushkar comes in light. The Modi tweet says that one shareholder is Sunanda Pushkar, whom Tharoor says he "knows well".
April 12-13-14: Kochi franchisee makes complaints of Modi to BCCI , Modi defends himself. Statement of Tharoor comes in which Tharoor issues statement denying personal stake in Kochi and alleges Modi wants the franchise moved out. Kochi CEO alleges Modi offered them $50 million to "quit the game and get out" after their successful bid.
April 15,2010: Income Tax officials visit BCCI headquarters in Mumbai and conduct an eight-hour operation in the IPL office and Modi's residence to inquire into funding for the IPL.
April 16, 2010:
Parliament witnesses uproar over the IPL franchise controversy. Both the Houses of the Parliament adjourned twice. The Lok Sabha adjourned till 2 pm and the Rajya Sabha for the day. When the House met, the Minister of State for External Affairs Mr.Shashi Tharoor stood up to make a statement. Amid uproar, his statement was laid on the table of the House. Angry opposition members trooped into the well of the House seeking the removal of Tharoor from the Council of Ministers. The Speaker adjourned the house. Similar scene in the Rajya Sabha.
Shashi Tharoor strongly refuted the allegations against him leveled by the opposition asserting that he has neither invested nor received any financial benefit from IPL Kochi teams mentorship. He says that his involvement in the Kochi IPL bid was that of an "informal mentor". he also denied reports that he had used his official position to benefit the consortium. He also said that the Kochi issue had nothing to do with his ministry and he was in no position to influence the bidding process.
April 17, 2010:
Shashi Tharoor dismissed the demand for his resignation and rejected opposition allegations of any misuse of authority to influence IPL Kochi franchise's successful bid or get any financial gains for him or his any of his close friends .Meanwhile the Income Tax department widened its search operations bringing under its scanner Kings XI Punjab team as part of its countrywide probe into the IPL bidding process.
April 18-19, 2010:
Tharoor met the Prime Minister at his residence in day. In the evening, top leadership of the Congress meets to take a decision on continuance of Shashi Tharoor in the Government. The meeting of the Congress Core Group holds on the residence of the Prime Minister where the Congress President, Mrs. Sonia Gandhi, senior ministers in the cabinet, Mr Pranab Mukherjee, Mr A K Antony, Mr P Chidambaram and senior leader Ahmed Patel were present.
Shashi Tharoor resigned as Minister of State for External Affairs after the high-level Congress Core Group decided that he should quit in the wake of controversy over the IPL Kochi franchise.
April 20, 2010:
Government informs Lok Sabha that investigation into the sources and routes of funding for the IPL has begun and no guilty will be spared. Finance Minister Pranab Mukherjee assures the members that appropriate action as per law will be taken if any wrong doing was found in the manner the IPL was funded. RJD Chief Laloo Prasad called for nationalization of IPL to clean the mess.
IPL Commissioner Lalit Modi rejects allegations of betting and money laundering in the event. An IPL governing council meeting is convened by BCCI secretary N Srinivasan for April 26 to decide Modi's fate. Modi calls meeting invalid and says he won't attend, BCCI disagrees.
April 21-22: 2010
BJP demands probe to find out whether black money stashed in foreign banks has been invested in IPL franchises. There are raids by I-T officials at offices of Multi Screen Media (MSM, formerly Sony) and World Sport Group (WSG).
who hold the IPL broadcast rights. They also visit offices of the Punjab, Kolkata and Deccan franchises. Modi is questioned about a multi-million dollar contract for the league's broadcasting rights.
The IT sleuths focused on a multi-million dollar deal for the telecast rights of the Indian Premier League matches. Lalit Modi grilled for two times and collected some documents relating to the IPL franchisees from Modi's office at Four Seasons Hotel in central Mumbai.
There were cross-country raids; the tax sleuths surveyed the offices of real estate major GMR and Sahara group--the owners of Delhi Daredevils and the new franchisee IPL Pune--in Delhi and Lucknow. IT officials searched the offices of India Cements Limited, the Owner of Chennai Super Kings team .The Bombay high court ordered the Board of Cricket Control in India and the IPL to provide information about the Indian Premiere league Matches played in Maharashtra. This order came in response to a PIL filed by Shiv Sena leader Subhash Desai. The Bombay High Court sought explanation from the BCCI on the manner in which IPL and BCCI are organizing the T-20 matches.
April 23, 2010: Former BCCI chief AC Muthiah files petition in the Supreme Court challenging the Indian board's rules that permit BCCI and IPL administrators to own league teams. Srinivasan, the board secretary, also owns the Chennai franchise.
April 24, 2010:
Top BCCI officials skip the IPL Awards in Mumbai. All indications are they will attempt to oust Modi at the meeting. BCCI declines the beleaguered IPL Commissioner Lalit Modi's request for deferring the Monday Governing council meeting by 5 days. The Board has come to the decision after coming under fire in the wake of Lalit Modi's alleged financial irregularities in the running of the Indian Premier League. The names of subcommittee members doing rounds in the BCCI corridors include Arun Jaitley, Niranjan Shah, Ravi Shastri and Mansur Ali Khan Pataudi
April 25, 2010: Modi agrees to attend governing council meeting and releases an agenda that includes a request for all complaints to be supported by documents. BCCI suspends Modi for “alleged acts of individual misdemeanors,” just after the IPL-III final between Chennai and Mumbai. The Prime Minister Dr. Manmohan Singh was also briefed by the BCCI Vice president Rajiv Shukla on the alleged scam earlier this week. He also briefed the finance and home minister and the congress core group also held discussions on the subject.The Income Tax raids on IPL and its franchisees' offices have allegedly revealed murky financial deals involving Lalit Modi.
April 26, 2010 : The BCCI serves a suspension notice to Lalit Modi upon the conclusion of the IPL final, following several allegations of financial misconduct over the past fortnight. The Baroda Cricket Association President Chirayu Amin was appointed the interim Chairman of the Indian Premier League in place of Lalit Modi. The decision to appoint Amin was taken at the crucial meeting of the IPL Governing Council in Mumbai, which lasted close to one and a half hour.
May 15,2010 : Modi has sought time from the BCCI to reply to the show cause notice. Thereafter he was given an extention of five days to reply to BCCI's charges against him. The charges against him include indulging in murky financial deals without the knowledge of the IPL Governing Council, bid-rigging and taking kickbacks from the TV rights and internet deals.
April 2010:
April 9, 2010: Questions raised in media over Kochi's shareholding pattern. IPL asks Rendezvous to clarify its ownership structure.
April 10-11, 2010: Kochi owners meet Modi in Bangalore, sign formal agreement to be part of IPL, and disclose ownership structure. The shareholding pattern of Kochi franchisee disclosed by Modi on Twitter. Name of Sunanda Pushkar comes in light. The Modi tweet says that one shareholder is Sunanda Pushkar, whom Tharoor says he "knows well".
April 12-13-14: Kochi franchisee makes complaints of Modi to BCCI , Modi defends himself. Statement of Tharoor comes in which Tharoor issues statement denying personal stake in Kochi and alleges Modi wants the franchise moved out. Kochi CEO alleges Modi offered them $50 million to "quit the game and get out" after their successful bid.
April 15,2010: Income Tax officials visit BCCI headquarters in Mumbai and conduct an eight-hour operation in the IPL office and Modi's residence to inquire into funding for the IPL.
April 16, 2010:
Parliament witnesses uproar over the IPL franchise controversy. Both the Houses of the Parliament adjourned twice. The Lok Sabha adjourned till 2 pm and the Rajya Sabha for the day. When the House met, the Minister of State for External Affairs Mr.Shashi Tharoor stood up to make a statement. Amid uproar, his statement was laid on the table of the House. Angry opposition members trooped into the well of the House seeking the removal of Tharoor from the Council of Ministers. The Speaker adjourned the house. Similar scene in the Rajya Sabha.
Shashi Tharoor strongly refuted the allegations against him leveled by the opposition asserting that he has neither invested nor received any financial benefit from IPL Kochi teams mentorship. He says that his involvement in the Kochi IPL bid was that of an "informal mentor". he also denied reports that he had used his official position to benefit the consortium. He also said that the Kochi issue had nothing to do with his ministry and he was in no position to influence the bidding process.
April 17, 2010:
Shashi Tharoor dismissed the demand for his resignation and rejected opposition allegations of any misuse of authority to influence IPL Kochi franchise's successful bid or get any financial gains for him or his any of his close friends .Meanwhile the Income Tax department widened its search operations bringing under its scanner Kings XI Punjab team as part of its countrywide probe into the IPL bidding process.
April 18-19, 2010:
Tharoor met the Prime Minister at his residence in day. In the evening, top leadership of the Congress meets to take a decision on continuance of Shashi Tharoor in the Government. The meeting of the Congress Core Group holds on the residence of the Prime Minister where the Congress President, Mrs. Sonia Gandhi, senior ministers in the cabinet, Mr Pranab Mukherjee, Mr A K Antony, Mr P Chidambaram and senior leader Ahmed Patel were present.
Shashi Tharoor resigned as Minister of State for External Affairs after the high-level Congress Core Group decided that he should quit in the wake of controversy over the IPL Kochi franchise.
April 20, 2010:
Government informs Lok Sabha that investigation into the sources and routes of funding for the IPL has begun and no guilty will be spared. Finance Minister Pranab Mukherjee assures the members that appropriate action as per law will be taken if any wrong doing was found in the manner the IPL was funded. RJD Chief Laloo Prasad called for nationalization of IPL to clean the mess.
IPL Commissioner Lalit Modi rejects allegations of betting and money laundering in the event. An IPL governing council meeting is convened by BCCI secretary N Srinivasan for April 26 to decide Modi's fate. Modi calls meeting invalid and says he won't attend, BCCI disagrees.
April 21-22: 2010
BJP demands probe to find out whether black money stashed in foreign banks has been invested in IPL franchises. There are raids by I-T officials at offices of Multi Screen Media (MSM, formerly Sony) and World Sport Group (WSG).
who hold the IPL broadcast rights. They also visit offices of the Punjab, Kolkata and Deccan franchises. Modi is questioned about a multi-million dollar contract for the league's broadcasting rights.
The IT sleuths focused on a multi-million dollar deal for the telecast rights of the Indian Premier League matches. Lalit Modi grilled for two times and collected some documents relating to the IPL franchisees from Modi's office at Four Seasons Hotel in central Mumbai.
There were cross-country raids; the tax sleuths surveyed the offices of real estate major GMR and Sahara group--the owners of Delhi Daredevils and the new franchisee IPL Pune--in Delhi and Lucknow. IT officials searched the offices of India Cements Limited, the Owner of Chennai Super Kings team .The Bombay high court ordered the Board of Cricket Control in India and the IPL to provide information about the Indian Premiere league Matches played in Maharashtra. This order came in response to a PIL filed by Shiv Sena leader Subhash Desai. The Bombay High Court sought explanation from the BCCI on the manner in which IPL and BCCI are organizing the T-20 matches.
April 23, 2010: Former BCCI chief AC Muthiah files petition in the Supreme Court challenging the Indian board's rules that permit BCCI and IPL administrators to own league teams. Srinivasan, the board secretary, also owns the Chennai franchise.
April 24, 2010:
Top BCCI officials skip the IPL Awards in Mumbai. All indications are they will attempt to oust Modi at the meeting. BCCI declines the beleaguered IPL Commissioner Lalit Modi's request for deferring the Monday Governing council meeting by 5 days. The Board has come to the decision after coming under fire in the wake of Lalit Modi's alleged financial irregularities in the running of the Indian Premier League. The names of subcommittee members doing rounds in the BCCI corridors include Arun Jaitley, Niranjan Shah, Ravi Shastri and Mansur Ali Khan Pataudi
April 25, 2010: Modi agrees to attend governing council meeting and releases an agenda that includes a request for all complaints to be supported by documents. BCCI suspends Modi for “alleged acts of individual misdemeanors,” just after the IPL-III final between Chennai and Mumbai. The Prime Minister Dr. Manmohan Singh was also briefed by the BCCI Vice president Rajiv Shukla on the alleged scam earlier this week. He also briefed the finance and home minister and the congress core group also held discussions on the subject.The Income Tax raids on IPL and its franchisees' offices have allegedly revealed murky financial deals involving Lalit Modi.
April 26, 2010 : The BCCI serves a suspension notice to Lalit Modi upon the conclusion of the IPL final, following several allegations of financial misconduct over the past fortnight. The Baroda Cricket Association President Chirayu Amin was appointed the interim Chairman of the Indian Premier League in place of Lalit Modi. The decision to appoint Amin was taken at the crucial meeting of the IPL Governing Council in Mumbai, which lasted close to one and a half hour.
May 15,2010 : Modi has sought time from the BCCI to reply to the show cause notice. Thereafter he was given an extention of five days to reply to BCCI's charges against him. The charges against him include indulging in murky financial deals without the knowledge of the IPL Governing Council, bid-rigging and taking kickbacks from the TV rights and internet deals.
Modi was slapped with a second show cause notice by the BCCI for allegedly trying to provoke English counties to revolt against their parent body, the England and Wales Cricket Board (ECB), and start a parallel Twenty20 league.
Modi's lawyer Mehmood M Abdi is likely to deliver the reply to the showcause notice with relevant documents at the BCCI headquarters by 6 pm and finally the reply of 12000 pages was send to BCCI.
Modi's lawyer Mehmood M Abdi is likely to deliver the reply to the showcause notice with relevant documents at the BCCI headquarters by 6 pm and finally the reply of 12000 pages was send to BCCI.
0 comments »
Leave your response!