Question mark hangs over Kochi owners: Modi

Mumbai, Apr 14 (PTI) Unfazed by Shashi Tharoor's
counter-attack, IPL Commissioner Lalit Modi Wednesday
maintained that there was a question mark over the owners of
IPL Kochi franchisee and they would deal with it.
In the midst of a raging controversy in which India's
Minister of State for External Affairs has been drawn into,
Modi told a press conference here that he would call a meeting
of the IPL Governing Council after April 25 and discuss the
issue.
"As regards all earlier franchisees we know who the
owners are. They come, they attend conferences and meetings
but as far as Kochi IPL is concerned we had a question mark.
"Even those who presented the bid documents do not know
who they (owners) are," he said in reply to questions over
Kochi team ownership, following a controversy that Tharoor's
close friend Sunanda Pushkar has got a free equity of 19 per
cent valued at about Rs 70 crores in the consortium that owns
the team.
Replying to a question he said in the case of eight teams
already in the IPL, Modi said everybody knew who the
shareholders were but in the case of Kochi even the
shareholders did not know.
Calling it a "small issue, nevertheless an issue" Modi
said,"We will deal with it."
To a question about his interest in Rajasthan Royals
team, he said, "I have no hidden agenda or hidden stake."
Asked if the latest controversy has affected him, he
said, "No, nothing."
Modi earlier told PTI that it was a job to seek details
of every shareholder and authenticate the shareholding of
every franchisee.
"It is my job as Chairman of IPL to seek details and
authenticate the shareholding of every franchise... how would
otherwise I know where the money is coming from," Modi said in
reply to Tharoor who accused him of impropriety by divulging
the details of the shareholding of Kochi franchise. MORE PTI
SSR
MRD


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