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Mumbai Indians Owner Mukesh Ambani Tops List Of Wealthiest IPL Owners

04 / 24 / 14

A Wealth-X estimate said that Reliance Industries Chair/Managing Dir Mukesh Ambani "is the wealthiest Indian cricket team owner" with an estimated net worth of $21.2B, according to the PTI. Through Reliance, Ambani owns Indian Premier League defending champions Mumbai Indians. Ambani’s worth "...

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Tags: Finance, India

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05/16/13
Indian Clubs May Cut Renewal Contracts

The crisis brought about by multi-level marketing companies that have been putting money in popular Indian football clubs like Kingfisher East Bengal and Mohun Bagan AC "is now threatening to hit the players as their contracts come up for renewal next month," according to Digbijay Mishra of the Indi ...

Tags: International Football, India

05/15/13
OCA Urges IOC Not To Meet With IOA

The Olympic Council of Asia has thrown its weight behind the Indian Olympic Association's disgruntled acting-President V.K. Malhotra and Secretary General Randhir Singh, according to the PTI. The OCA "has urged the IOC against meeting officials from the suspended IOA" during Wednesday's crucial join ...

Tags: Olympics, India

05/10/13
ICC Finds No Evidence Of Corruption

The Int'l Cricket Council conceded Friday there was "confusion" in a vote for a place on one of its committees, according to the AP. The election has raised allegations of vote fixing and led the int'l players' association "to formally request an ethics committee investigation." Cricket's gover ...

Tags: Leagues and Governing Bodies, India

05/10/13
Indian Officials To Boycott IOC Meeting

A crucial meeting on India’s bid to return to the Olympic fold "was thrown into doubt Thursday when a senior Indian Olympic Association official objected to the IOC inviting a rival faction to the talks," according to C. Rajshekhar Rao of the AP. IOA acting President Vijay Kumar Malhotra, who ...

Tags: Olympics, India

05/06/13
BCCI Accused Of Exchange Violations

An appellate tribunal is set to hear the Board of Control for Cricket in India's appeal against a Rs 52.24 crore ($10M) fine "levied in February by the Competition Commission of India for irregularities in the grant" of Indian Premier League franchise rights, media rights and sponsorship rights, acc ...

Tags: Leagues and Governing Bodies, India

05/06/13
Hockey India Secretary Barred From IOC

Indian Hockey Federation Patron & Chief Advisor K.P.S. Gill on Saturday applauded Indian Olympic Association acting Chief V.K. Malhotra's decision "not to include Hockey India Secretary General Narinder Batra in the four-member delegation" for a meeting with the IOC in Lausanne, Switzerland ...

Tags: Leagues and Governing Bodies, India

04/29/13
Ten Sports Lands Tour De France Rights

Indian broadcaster Ten Sports "has bagged the broadcast rights" for the Tour de France until '16 for the Indian sub-continent, according to Meenakshi Verma Ambwani of THE HINDU BUSINESS LINE. The sports broadcaster "has acquired the rights for the popular bicycle race for all forms" of free-to-air a ...

Tags: Media, India

04/23/13
David Stern Discusses India Trip

NBA Commissioner David Stern recently returned from his first trip to India. The twofold mission of the trip: Help grow the sport of basketball in that country and help develop the NBA’s brand there as well. Stern’s public agenda included an April 8 NBA Cares event in Mumbai held in conj ...

Tags: Leagues and Governing Bodies, India, North America

04/19/13
Mumbai Tigers Confirm I-League Bid

Rajen Kilachand, chairman of Dubai-based conglomerate Dodsal Group, which owns Indian second tier side FC Mumbai Tigers, "has confirmed his intention to bid for an I-League franchise in next month's auction," according to Ashley Hammond of GULF NEWS. The All India Football Federation is accepting bi ...

Tags: Franchises, Middle East, India

04/15/13
IPL Clubs Struggle To Find Profit

Indian cricket has become a "big money spinner" since the '08 launch of the Indian Premier League, according to James Crabtree of the FINANCIAL TIMES. The IPL, which involves a "zippy three-hour version of the otherwise slow-moving sport" of cricket, has "won a series of large sponsorship packages," ...

Tags: Leagues and Governing Bodies, India

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