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Betting companies can buy an IPL team, says Lalit Modi; CVC Capital under scanner; report

  •   Wed, Oct 27 2021 08:48:13 AM

New Delhi, Oct 27 (IANS): Former Indian Premier League (IPL) chairman Lalit Modi on Tuesday made serious allegations against one of the owners of the two new IPL teams that joined the lucrative league on Monday, saying that "even betting companies can buy team".

The Indian cricket board (BCCI) named RPSG Ventures Limited and Irelia Company Pte Ltd. (CVC Capital Partners) as owners of the new IPL teams from 2022. RPSG Group bagged the Lucknow franchise by paying a whopping Rs 7,090 crore while CVC Capital made the second-largest bid (Rs 5,600 crore) to win the Ahmedabad franchise.

Soon after the Indian cricket board made the announcement, Lalit Modi took to Twitter to take a dig at the BCCI. "I guess betting companies can buy an IPL team. must be a new rule. apparently, one qualified bidder also owns a big betting company. what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket."

Following the tweet, a report by Outlook further claimed that "CVC Capital under scanner for links with betting companies."

"CVC Capital Partners has run into trouble for its links with betting companies. It has been pointed out that CVC Capital have invested heavily in betting and gambling companies," the report said.

"BCCI's attention has been drawn to CVC Capital's business activities and it was strange that these were not noticed during the long "verification stage" before the financials were opened on Monday evening. The Adani Group is weighing its options. A formal complaint is expected," it added.

Despite several calls, the BCCI officials were unavailable to comment on the matter.

 
  

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  • Romeo Ramsey, CANADA

    Wed, Oct 27 2021

    Advani wants new team BCCI organized bid and Aadani Group bid 5100 Cr. because expected bid was 3000 to 3500. All others put under 4500 Cr. But two big bids demolish Aadani's dream of an IPL team owner. Now controversy creates and try for Aadani as owner of Ahmadabaad team. India is only for A&A only.

    DisAgree Agree [1] Reply Report Abuse

  • Shiv K, Bangalore

    Wed, Oct 27 2021

    Possibly IPL has created max damage to Indian way of life- Politicians - Film stars - Betting syndicate - Players- late night parties- advertisements - Conspiracies -- occasional murder - as could be seen in SUNANDA PUSHKAR - MRS THAROOR - controversial ---- few others getting knocked off ---- basically IPL not orthodox cricket - we saw Top rated INDIAN bowlers could not take a single pak wicket - despite PAK team without funds - Intl level preparation / practice etc -

    DisAgree [1] Agree Reply Report Abuse

  • Shiv K, Bangalore

    Wed, Oct 27 2021

    Big Corporates - Front companies - shell companies - we saw Raj Royals - lalit modi himself absconding - chennai banned for 2 years- etc --

    DisAgree Agree [1] Reply Report Abuse

  • francis lobo, Mangalore

    Wed, Oct 27 2021

    CVC Capital from Gujarat competed with the biggest owner of India and won the bid. So CVC capital has to be cornered . Wonder how 7900 crore for the team and imagine the income the owner will be making. Is there no money laundering in this IPL business

    DisAgree Agree [6] Reply Report Abuse


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Title: Betting companies can buy an IPL team, says Lalit Modi; CVC Capital under scanner; report



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