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'IPL team gifted to Srinivasan friends'

IANS
Oct 26, 2012 at 12:22pm IST

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.

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