<p>JSW Steel chairman Sajjan Jindal today confirmed that his group is acquiring an IPL side but stopped short of naming it amid a speculation that the team could be Royal Challengers Bangalore owned by liquor baron Vijay Mallya.<br /><br /></p>.<p>"Cricket is the number one sport in our country so there is an idea to acquire a team... an IPL team. But, I cannot comment which team would be," said Sajjan Jindal, chairman and managing Director of JSW Steel Ltd.<br /><br />"...Moneywise I don't think that is the issue (because), the idea is that we want to take some credible team so that we can promote sports," Jindal told reporters.<br /><br />On a specific question of whether the steel giant will indeed buy RCB, Jindal neither denied nor confirmed it, saying "That depends on them (RCB)."<br /><br />He was here to sign an MoU with the authorities of Indian Institute of Management, Ahmedabad to set up a public policy school.<br /><br />The Bangalore franchise was bought by Mallya in 2008 in the second highest bid for USD 111.6 million.<br /><br />Speculation is rife that JSW is keen to buy the Virat Kohli-led team.<br /><br />JSW Sports, a JSW Group wing, is owner of Bengaluru FC, one of the I-league teams led by Indian football team's captain Sunil Chhetri.<br /><br />Jindal said they will also focus on other sports like kabaddi and hockey.<br /><br />"We will focus on other sports also. We are looking at Kabaddi, we are looking at hockey, we also want to go pan-India in various sports through JSW Sports, which is the wing of JSW Group," he said.<br /><br />Jindal said the company was running clubs that promote various sports. "We have a football team and we are building a village for sports in Karnataka," he added.</p>
<p>JSW Steel chairman Sajjan Jindal today confirmed that his group is acquiring an IPL side but stopped short of naming it amid a speculation that the team could be Royal Challengers Bangalore owned by liquor baron Vijay Mallya.<br /><br /></p>.<p>"Cricket is the number one sport in our country so there is an idea to acquire a team... an IPL team. But, I cannot comment which team would be," said Sajjan Jindal, chairman and managing Director of JSW Steel Ltd.<br /><br />"...Moneywise I don't think that is the issue (because), the idea is that we want to take some credible team so that we can promote sports," Jindal told reporters.<br /><br />On a specific question of whether the steel giant will indeed buy RCB, Jindal neither denied nor confirmed it, saying "That depends on them (RCB)."<br /><br />He was here to sign an MoU with the authorities of Indian Institute of Management, Ahmedabad to set up a public policy school.<br /><br />The Bangalore franchise was bought by Mallya in 2008 in the second highest bid for USD 111.6 million.<br /><br />Speculation is rife that JSW is keen to buy the Virat Kohli-led team.<br /><br />JSW Sports, a JSW Group wing, is owner of Bengaluru FC, one of the I-league teams led by Indian football team's captain Sunil Chhetri.<br /><br />Jindal said they will also focus on other sports like kabaddi and hockey.<br /><br />"We will focus on other sports also. We are looking at Kabaddi, we are looking at hockey, we also want to go pan-India in various sports through JSW Sports, which is the wing of JSW Group," he said.<br /><br />Jindal said the company was running clubs that promote various sports. "We have a football team and we are building a village for sports in Karnataka," he added.</p>