Sunanda Pushkar sells her IPL Kochi stake?
New Delhi: BCCI sources have told an English news channel that Sunanda Pushkar - the co-owner of the Kochi IPL franchise - may have sold off her stake to a former Indian cricketer.
The news channel had access to a letter from Rendezvous Sports World Pvt. Ltd.
The sponsorship mandate letter was signed by another Dubai-based NRI Dilip Kumar. Dilip Kumar`s name didn`t figure in the initial list of share-holders nor does his name figure in the original list of owners of the company, as revealed by Modi in his now-famous April 11 tweets.
In the letter, Dilip Kumar said: “We are pleased to assign the mandate of seeking sponsorship for the Kochi IPL cricket team to Jayant Bhokare and Shyam Haridas for India and the Middle East. They are authorised to initiate contact and negotiate terms of sponsorship on our behalf.”
All this leads to the speculation, and a growing belief, that Pushkar may have sold off her stake, her sweat equity, to her associate.
Pushkar holds about 18% of Rendezvous’s 25% equity in the Kochi firm, which translates to about 5% stake in the new IPL team.
Apart from Pushkar, Kisan Gaikwad,Shailendra Gaikwad, Pushpa Gaikwad, Puja Gulathi, Jayant Kotalwar, Vishnu Prasad and Sundip Agarwal are the known partners of the company.