Press Esc to close
Sunday 29 May 2016
News updated at 8:28 PM IST
Weather
Max: 33.2°C
Min : 22.3°C
In Bengaluru
Partially cloudy

Tendulkar likely to buy Mumbai Masters in IBL

New Delhi, Jun 21, 2013 (PTI)
File Image

There will be a dash of cricket in the inaugural Indian badminton League with star batsman Sachin Tendulkar set to be part of a conglomerate to buy the Mumbai Masters franchise in the event.

Tendulkar will be part of a conglomerate, which is in the process of buying the Mumbai Masters, according to highly-placed sources in the Badminton Association of India.

"Tendulkar is in the process of buying the Mumbai Masters. He would be the external face of the Mumbai team like Shah Rukh Khan, who promoted his team Kolkata Knight Riders in the IPL," a BAI official told PTI on condition of anonymity.

"He will own a share in the franchise, while the rest will be owned by two to three other companies. He will be one of the partners," the source added.

The Indian Badminton League took a huge step forward when it announced its first franchise -- the PVP Group that successfully bid for the Hyderabad Hotshots.

Mumbai, Pune, Hyderabad, Delhi, Bangalore and Lucknow are the six cities that will feature in the first edition of IBL. The owners of teams -- Mumbai Masters (Mumbai), Pune Vijetas (Pune), Rajdhani Smashers (Delhi), Karnataka Kings (Bangalore) and Lucknow Warriors (Lucknow) -- have been decided but will be officially revealed later this month. 

"Lucknow will be owned by Sahara, while Dabur is buying Pune. Bangalore is also confirmed. They have invested a lot of money already. Delhi and Karnataka are owned by corporates from real estate," the source added.

The USD one million IBL is less than two months away and organisers are planning to divulge more details in the time to come.

"At a lower level, we have not started our work till now. Till now the organising committee for the different cities has not been decided. So there is still no clarity on a few things, there are few issues to be sorted out," the source said.

"Some officials are in Singapore now to talk to the players for their agreement. The auction stands on June 30 as of now. Last week there was a meeting in Delhi, all this was discussed."
The league, which will feature six franchises and run for 18 days, is set to be launched on August 14 with some high-voltage action expected between PVR Ventures' Hyderabad Hotshots and Karnataka Kings.

Each franchise will host a two-day leg and the event will have a grand total of 90 matches. The top four franchises will clash in the semifinals and the winners will meet in the grand final on August 31 in Mumbai.

However, Ashish Chadha, the CEO of Sporty Solutionz, the commercial partner of the League, said that reports about Tendulkar buying a team in the IBL were not correct.

Chadha said his company has been entrusted with the marketing of the League and said there was no such proposal from Tendulkar. 



Go to Top

Photo Gallery
A shepherd flocking sheep on the Tosamaidan meadow, in district Budgam of central Kashmir...

A shepherd flocking sheep on the Tosamaidan meadow, in district Budgam of central Kashmir...

Visitors at an Electric Vehicles Expo in Kolkata on Sunday...

Visitors at an Electric Vehicles Expo in Kolkata on Sunday...

Smoke billowing out after a major fire at an AC kit manufacturing facility at Manesar, Gurgaon...

Smoke billowing out after a major fire at an AC kit manufacturing facility at Manesar, Gurgaon...

Girls enjoying in the Arabian sea against the backdrop of monsoon clouds in Kochi...

Girls enjoying in the Arabian sea against the backdrop of monsoon clouds in Kochi...

A Sikh devotee paying obeisance at the Golden Temple on the occasion of Guru Gaddi diwas of sixth..

A Sikh devotee paying obeisance at the Golden Temple on the occasion of Guru Gaddi diwas of sixth..

Students celebrate their success after CBSE announced its 10th class results...

Students celebrate their success after CBSE announced its 10th class results...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523