Tag Archives: Sanjeev Goenka

Andy Flower steps down as Punjab Kings’ assistant coach

Andy Flower has stepped down as the assistant coach of the Indian Premier League (IPL) franchise Punjab Kings (PBKS) and is most likley to sign a new contract with one of the two new franchise for the next season of the cash-rich league.

Flower, the former Zimbabwe captain, had earlier worked as a coach in England for more than ten years. He was signed by PBKS ahead of the 2020 season of IPL. It was under Flower’s guidance when the England team had won the T20 World Cup title in 2010 and the number one spot in the Test rankings.

“It is correct, Andy has left Punjab Kings. He wanted to explore other opportunities and we respect that,” Punjab Kings co-owner Ness Wadia was quoted as saying by Cricbuzz.

Wadia, however, said that Flower will continue to remain the head coach of their Caribbean Premier League (CPL) franchise St Lucia Zouks.

The development comes at a time when KL Rahul, the PBKS captain for the past two IPL seasons, decided to part ways with the Punjab-based franchise, which had wanted to retain him for the upcoming season.

Earlier on Tuesday, Punjab had retained only two players — Mayank Agarwal and Arshdeep Singh — ahead of the mega IPL auction in January.

Meanwhile, several reports also suggest that Trevor Bayliss has too, decided to part his ways with Sunrisers Hyderabad (SRH).

Apart from the IPL, Bayliss, considered as one of the most successful coaches in the sport, had guided England to the Ashes and World Cup victories.

Bayliss had previously led Kolkata Knight Riders (KKR) to two IPL titles – in 2012 and 2014 – before coaching the England team.

The reports further suggest that both Flower and Bayliss are going to be associated with the Lucknow franchise while KL Rahul is also most likley to lead the side in the next IPL season.

Notably on October 25 in Dubai, the Sanjeev Goenka-owned RPSG group had acquired the Lucknow franchise for Rs 7090 crores. On the other hand, the Ahmedabad franchise went to CVC Sports for Rs 5625 crore.

Now after acquiring the teams, both the parties will pay the entire amount over a period of 10 years.

These new franchises – Ahmedabad and Lucknow – will now be a part of the 15th edition of the lucrative league, taking the total number of teams to 10 from eight.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in January, 2022.

Ganguly steps down as Director of ATK Mohun Bagan Director to avoid conflict of interest

Board of Control for Cricket in India (BCCI) President Sourav Ganguly has stepped down as as the director of Indian Super League (ISL) outfit ATK Mohun Bagan.

Notably, ATK Mohun Bagan is a franchise owned by RPSG Group, which had recently won the Lucknow franchise of the Indian Premier League.

Ganguly has now confirmed that he resigned from the position in the football club to avoid potential conflict of interest.

Follwing reports about his conflicted position by virtue of being the BCCI president as well as a director of company that owns an IPL franchise, Ganguly had to step down. “I have resigned,” Ganguly was quoted as saying by Cricbuzz and confirming the development,

With Ganguly stepping down, the conflict-of-interest controversy seems to be settled down however, another issue regarding CVC Capital, who acquired the Ahmedabad IPL franchise after bidding Rs 5625 crores, is yet to be resolved.

After the auctions, former IPL commissioner Lalit Modi raised question on CVC Capital’s acquisition of a franchise and had said that the BCCI not doing a thorough check on the company’s sporting assets.

“I am shocked that the BCCI did not do their homework and did not check that one of the bidders also owns a betting company. CVC Capital apparently owns 80 per cent of Sky Betting. How does anybody control anti-corruption in such cases?,” Modi had questioned.

“If the owners of a team are also the owners of a betting company, it defeats the purpose of not allowing the promoters of betting in India where betting is illegal. I am shocked that the BCCI let it happen. They should disqualify the owners and award the franchise to the second-best bidder,” he had added.

“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 its homework? What can Anti-Corruption do in such a case? #cricket,” he further expressed.

When asked on how CVC capitals has acquired other sporting properties globally despite investing in a betting company, Modi said: “It is ok that they are participating in other leagues because they allow betting companies. There is a problem here because in India betting is not allowed. Already you have had a betting scandal (in 2013), that is the problem.”

After the auctions, the BCCI had fornally announced the development late on Monday saying: “BCCI is pleased to announce the following successful bidders (subject to definitive documentation and other formalities being completed): 1. RPSG Ventures Ltd. – Lucknow (for INR 7090 crores) 2. Irelia Company Pte Ltd. (CVC Capital Partners) – Ahmedabad (for INR 5625 crores).”

Now after acquiring the teams, both the parties will need to pay the entire amount over a period of 10 years.

Notably, the two new franchises – Ahmedabad and Lucknow – will now participate in the cash-rich IPL from the 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document.

The IPL 2022 season will now comprise ten teams and will have 74 matches.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in December this year or January, 2022.

Ganguly gets director’s post in ATK-Mohun Bagan

The Board of Control for Cricket in India president Sourav Ganguly will be a director in the Indian Super League club ATK-Mohun Bagan, the merged entity after the ATK owner

Sanjiv Goenka had acquired 80% share of the historic Kolkata club. ATK co-owner and director Utsav Parekh has confirmed the appointment of Ganguly in the board of ATK-Mohun Bagan.

“Ganguly is one of the team co-owners and is 100 per cent eligible to become a director. We will meet on July 10 for the first time to finalise our name, jersey and logo,” Pareksh has told national news agency PTI.

ATK principal co-owner Goenka has also been formally included in the new entity along with Ganguly. The ATK-Mohun Bagan Private Limited was initially registered with the Ministry of Corporate Affairs with only five board members – Parekh, Mohun Bagan duo of Srinjoy Bose and Debashish Dutta, along with Gautam Ray and Sanjeev Mehra.

“It was just a formality, a paperwork to start the venture officially. Even (team principal owner) Goenka was not part of the Board then. We have inducted him along with Ganguly,” Parekh said..

Before the merger, ATK had won the ISL title thrice while Mohun Bagan had lifted I-League trophy twice.