Wednesday, April 14, 2010

The issue behind IPL stand off!

Twitter has become a battleground of sorts – some smaller wars fought some bigger with far reaching implications. By now everyone knows about the bitter fight ensuing between IPL head-honcho Lalit Modi and Shashi Tharoor who allegedly has played a key role in bringing IPL team to Kochi / Kerala. Although Kochi Team was by a consortium called Rendezvous sports – the people behind this consortium is not known, and that’s the center of all the controversy. What is interesting is that lot of the communication have been put up on twitter and that has irked both sides equally. It really looks like the battleground.

Just hours after the franchise agreement papers were signed by Rendezvous sports the full details of the ownership group was revealed by Modi on Twitter.
"25% of Kochi team is given free to Rendezvous sports for life," wrote Modi.

"Kochi shareholders are: Rendezvous 25% free, Rendezvous 1%, Anchor 27%, Parinee 26%, Film Waves Combine 12%, Anand Shyam 8%, Vivek Venugopal 1%," he added.
"And Rendezvous free equity – held by Kisan, Shailender and Pushpa Gaikwad, Sunanda Pushkar, Puja Gulathi, Jayant Kotalwar, Vishnu Prasad, Sundip Agarwal."
Modi also said, "There are certain shareholders in the Rendezvous Company who have not been able to answer the question over stakes yet. The agreement has been signed, but we will seek clarification. It’s just a matter of time."

The disclosure brought a stern response from Rendezvous sports who threatened legal action claiming Modi had breached a confidentiality agreement by announcing the names of the people involved in the franchise.IPL commissioner Lalit Modi has landed himself in the middle of a political war of words after revealing the names of those involved in the ownership of the new Kochi franchise.Kochi franchise co-owner Vivek Venugopal responded to Modi’s claims saying all the information the IPL needed had already been given to them, he added "if there is any other specific clarification they are looking for, we are ready to provide. The agreement has been signed."
The announcement by Modi also caused a war of words with minister Shashi Tharoor who claimed Modi was trying to discredit the team and create reasons to disqualify it so that the franchise can be awarded elsewhere.
Sashi Tharoor helped Rendezvous sports during the bidding process and although he has no stake in the franchise he said the Kochi team had bid in an "open and transparent" manner. "Their unexpected success upset the plans of a lot of powerful people, who had wanted the franchise to go elsewhere".
"The unethical efforts that have been made by Mr Modi and others to thwart the Kerala franchise which has been won fair and square in a transparent bidding process are disgraceful," he added.

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