'IPL team gifted to Srinivasan friends'

New Delhi: Lalit Modi, the former chairman of the Indian Premier League, on Thursday alleged that N Srinivasan, the current president of the BCCI, is trying to "gift" the Hyderabad franchise to his "friends". "So finally Sun TV has got an IPL franchise. I had predicted 3 months ago it will be SUN as BCCI president wanted it that way. Can't be a bigger scam than this. Someone should see N Srinivasan's relationship and India Cements relationship with Sun TV. Don't forget Kalaignar TV and India TV scam," Modi tweeted from his account.

"BCCI is trying to gift team to Srini's [Srinivasan] pals. Whilst Sahara pays 370 million dollars for its team. This one goes for pennies. How and why?" questioned Lalit Modi.

Chennai-based Sun TV Network, owned by media baron Kalanithi Maran, on Thursday acquired the now defunct Hyderabad franchise, Deccan Chargers, for Rs.85.05 crore a year. The contract of the former owners, Deccan Chronicle Holdings Ltd. (DCHL), was terminated earlier this month by the board.

$IPL team gifted to Srinivasan\'s friends: Modi$

\"So finally Sun TV has got an IPL franchise. I had predicted 3 months ago it will be SUN as BCCI president wanted it that way,\" Modi tweeted.

"Someone should examine common share holding between SUN TV Network and India Cement. I am sure there will be common share holders and would not be surprised if Sahara now wants to renegotiate their franchise contract based upon new tender offer by BCCI," added Modi.

Someone should see N Srinivasan's relationship and India Cements relationship with Sun Tv. Don't forget Kalaignar Tv and india tv scam
— Lalit Kumar Modi (@LalitKModi) October 25, 2012

Bcci is trying to gift team to Srini's Pals. Whilst sahara pays 370 million dollars for its Team. This one goes for pennies. How and why ?
— Lalit Kumar Modi (@LalitKModi) October 25, 2012