103-619: Lalit Modi (born 29 November 1963) is an Indian businessman and former cricket administrator. He was the founder, first chairman and League Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010. He also served as the Chairman of the Champions League from 2008 till 2010 and was Vice President of the BCCI from 2005 till 2010. He has also served as
206-654: A 75% growth in dollar terms since 2020 when it was valued at $ 6.2 billion, according to a report by consulting firm D & P Advisory. In 2022, the BCCI took insurance of ₹ 5,000 crore (US$ 600 million) for the IPL. This insurance policy involves all stakeholders, including broadcasters, ancillary services providers, and sponsors. The BCCI is covered in the case of any revenue losses due to weather, riots, and other unforeseen events. The next cycle of IPL media rights will last from 2023 to 2027 and will be put to auction. In this auction,
309-606: A broadcast deal, selling franchises to members of his family, betting and money laundering . Soon after his suspension, Modi moved to London, where his wife Minal's family lived. In London, he hired Carter-Ruck to fight BCCI's charges, and sent out defamation notices of his own. He also spent time expanding his family business in Europe. Modi believed that N Srinivasan, who later became the BCCI President, had masterminded his ouster from BCCI. In 2012, Modi alleged that Srinivasan had fixed
412-615: A committee found him guilty of these charges. Modi denied any wrongdoing, and blamed accusations on political rivalries. Shortly before the Enforcement Directorate (ED) launched an investigation against him for alleged financial irregularities, he moved to London and was labeled a fugitive. Modi was born in Delhi on 29 November 1963, into one of India's leading business families, the elder son of Krishan Kumar Modi and his wife Bina Modi. He has an elder sister, Charu Modi Bhartia , and
515-658: A constituent body of BCCI. However, his attempt to gain control of the Association failed, and he was forced to leave the Association by the Chief Minister of the state. In 2004, Modi was elected as the vice-president of the Punjab Cricket Association , under the President Inderjit Singh Bindra. He retained this position in the 2008 elections. In 2003, Modi's friend Vasundhara Raje was elected as
618-569: A contract with Fashion TV, after Modi fell out with its founder Michel Adam Lisowski . Most of Modi's businesses in Mumbai were not profitable, and he lived on a maintenance allowance from his father's company. Later, Modi became the President and managing director of Modi Enterprises, an industrial conglomerate run by his family. In 2002, Modi launched an online lottery business in Kerala called Sixo. In
721-543: A cricket match, he slapped a constable for walking into his box at the Sawai Mansingh Stadium, leading to protests by the city's constabulary. Modi's increasing power in Rajasthan politics became a key issue in the 2008 Rajasthan elections , which Raje lost. Ashok Gehlot of Congress, who succeeded Raje as the Chief Minister, accused Modi of acting as an "extra-constitutional authority" during his campaign. After Raje
824-733: A factory in Northern India to manufacture on the company's behalf. Upon the merger of D. Macropolo & Co. Ltd., with the company, International Tobacco Co. Ltd. became a subsidiary of it. In 1968, Philip Morris Inc. made a takeover bid for Godfrey Phillips Plc and the family shareholders were unable to prevent the company being sold. Godfrey Phillips India has manufacturing facilities at Rabale in Navi Mumbai , and two units in Ghaziabad (near Delhi ). They also have an R&D centre in Mumbai and
927-504: A family trust. MEN started as a 10-year joint venture with Walt Disney Pictures , to broadcast some of Disney's content in India, including Fashion TV . In 1994, MEN became the pan-India distributor of ESPN on a ten-year contract worth $ 975 million. His job was to collect money from the cable companies in India in exchange for the broadcasting ESPN . ESPN did not renew its contract with Modi, alleging that he underreported revenues. MEN also lost
1030-610: A food R&D in Ghaziabad, and a tobacco-buying unit in Guntur ( Andhra Pradesh ). Godfrey Phillips India has an International Business Division, for international export of its own cigarette brands, cut & blended tobacco, tobacco leaf and providing technical services and contract manufacturing. In 2011, Modi Enterprises acquire majority control in Godfrey Philips from Philip Morris, Philip Morris' stake down to 21%. GPI manufactures
1133-579: A franchise based Twenty20 cricket competition known as the Indian Premier League. The inaugural season was scheduled to start in April 2008, commencing with a "high-profile ceremony" in New Delhi . BCCI Vice-president Lalit Modi , who led the IPL initiative, provided details of the tournament, including its format, prize money, franchise revenue system, and squad composition rules. The league, to be managed by
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#17330938343931236-598: A group led by Amin Pathan moved a no-confidence motion against Lalit Modi, who was until then, the President of RCA. According to the Rajasthan State Sports Act, a minimum attendance of 23 was required to make a quorum . 23 people attended the meeting, out of whom 17 voted against Modi. Only one vote in Modi's support was counted: five other votes were discarded as disputed. 12 more of Modi's supporters were denied entry into
1339-537: A heritage resort. Mahant Shiv Prakash Bhattacharya, the 75-year-old titleholder of the Choor Singh ki Haveli, initiated a court case to thwart Modi's attempt to take over his haveli. During Raje's tenure, the Jaipur Development Authority framed ad-hoc rules to allow re-classification of agricultural land and its use for non-agricultural purposes. This change, which benefited several big builders from Delhi,
1442-495: A higher amount for the last two seasons of its sponsorship contract due to the league's expansion from the 2022 season. According to InsideSport , due to the new deal's structure, Tata would pay ₹ 335 crore (US$ 40 million) per year while Vivo would pay the deficit of ₹ 163 crore (US$ 20 million) per season. Saudi Aramco brought the rights to advertise on the Purple and Orange caps in 2022. The BCCI pays ten per cent of
1545-620: A majority share in the Rajasthan Royals franchise. His step-daughter Karima's husband Gaurav Burman was a stakeholder in Global Cricket Venture, which won the digital, mobile and internet rights of the IPL. Gaurav's brother Mohit Burman was a stakeholder in Kings XI Punjab . Jay Mehta , one of the owners of Kolkata Knight Riders , is a childhood friend of Lalit Modi. Rajasthan Royals, Kings XI Punjab and Kolkata Knight Riders were
1648-412: A motel. The man posing as a seller threatened them with a shotgun, and robbed them of $ 10,000. The next day, Modi and his friends beat up a student, whom they suspected of setting them up. As a result, on 1 March 1985, Modi was arrested on charges of conspiracy to traffic cocaine, assault and second-degree kidnapping. The next day, Modi and another student were indicted. Modi pleaded guilty to the crime when
1751-570: A movie. Between 1983 and 1986, Modi studied electrical engineering and business administration in the United States. He attended Pace University in New York for two years, and then Duke University in North Carolina for one year. He did not graduate from either of these institutions. In 1985, while a sophomore , Modi and three other students tried to buy half a kilogram of cocaine for $ 10,000 at
1854-469: A non-tobacco line of products released in 2009 that include confectionery . GPI is the flagship company of Modi Enterprises . The company had an annual turnover of approximately 2925.74 crores as of March 2021. The company also has business interests in pan masala, chewing and confectionery products. The company also manufactures and distributes Marlboro in India under a license agreement with Philip Morris International . The house of Godfrey Phillips
1957-461: A purple cap whilst fielding. The eventual winner keeps the cap for the season. Bhuvneshwar Kumar and Dwayne Bravo are the only players to have won the award twice. Harshal Patel of Punjab Kings who took 24 wickets during the 2024 season , is the most recent winner of the award. The Most Valuable Player award, formerly called the "Man of the Tournament" until the 2012 season, is awarded using
2060-434: A ratings system introduced in 2013. Sunil Narine won the award in 2024. The Fair Play Award is given after each season to the team considered to have the best fair play record. After each match, the two on-field umpires and the third umpire score the performance of both teams, with the highest-scoring team at the end of the season receiving the award. The 2024 winners were Sunrisers Hyderabad . The Emerging Player Award
2163-505: A recommendation from Sushma Swaraj in his correspondence with the immigration officials. Modi's wife Minal was diagnosed with breast cancer during 2008–09, and was being treated in Portugal . In 2014, Sushma Swaraj requested the British authorities provide assistance by law of the land. Based on her recommendation, the British authorities provided Modi travel documents on the pretext of signing
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#17330938343932266-473: A rivalry between Modi and N. Srinivasan surfaced. During 2009–10, Lalit Modi oversaw the bidding process for induction of two new teams in the Indian Premier League. In December 2009, he inserted two new clauses in the invitation to tender (ITT): the bidder should have a net worth of at least US$ 1 billion and must provide a bank guarantee of US$ 100 million. Modi stated that these clauses protected BCCI's interests. However, other BCCI board members claimed that he
2369-626: A seven-man governing council, would also serve as the qualifying mechanism for that year's Champions League Twenty20 . To determine team ownership, an auction for the franchises was held on 24 January 2008. The reserve prices for the eight franchises totalled $ 400 million, but the auction ultimately raised $ 723.59 million. The league officially commenced in April 2008, featuring Chennai Super Kings (CSK), Mumbai Indians (MI), Delhi Daredevils (DD), Kings XI Punjab (KXIP), Deccan Chargers (DC), Rajasthan Royals (RR), Kolkata Knight Riders (KKR), and Royal Challengers Bangalore (RCB). Following
2472-545: A single title. The reigning champions are the Kolkata Knight Riders, who defeated the Sunrisers Hyderabad by eight wickets in the 2024 IPL final to secure their third title. Team now defunct Team now defunct This section shows records from the league stage only (i.e. excluding playoffs & finals) from 2008–2024. Stats are correct as of conclusion of league stage of IPL 2024 . A summary of
2575-713: A social boycott in Delhi. They initially lived in KK Modi's apartment in Pedder Road area, but later bought Minal's father's house in Juhu as their family grew. They have two children – son Ruchir Modi and daughter Aliya. Lalit Modi also has a step-daughter Karima Sagrani, from Minal's first marriage. On 10 December 2018, Minal died of cancer. In July 2022, he announced that he is dating former Miss Universe Sushmita Sen . In 1993, Modi established Modi Entertainment Networks (MEN), using money from
2678-510: A vacation in Thailand. In 2010, Modi claimed on Twitter that New Zealand cricketer Chris Cairns had been involved in match-fixing during 2008. In March 2012, Cairns successfully sued Modi for making false statements and won $ 950,000 in damages. In 2013, a BCCI committee found Modi guilty on 8 charges, which resulted in his expulsion from BCCI. The committee was led by the BCCI vice-president and BJP leader Arun Jaitley ; its other members included
2781-509: A variety of products related to tobacco through its subsidiary brands. Godfrey Phillips India also manufactures and distributes cigarette brand Marlboro under a license agreement with Philip Morris International Inc . Likewise, the company also has a non-tobacco range of products. Godfrey Phillips Ltd. also produced a variety of cigarette cards to advertise their products, with several topics such as film actresses, animals, aircraft, famous people from history, among others. The first cards set
2884-503: A winning bid of ₹ 2,199 crore (US$ 260 million). On 4 August 2020, Vivo canceled the title sponsorship rights due to the military stand-off between India and China at the Line of Actual Control in July 2020. The withdrawal was also a result of Vivo's market losses due to the ongoing COVID-19 pandemic; Vivo intended to return as the title sponsor for the following three years. Dream11 became
2987-546: A younger brother, Samir Modi . His grandfather Gujar Mal Modi had established the Modi Group business conglomerate and the town of Modinagar . His father KK Modi greatly expanded the family business. Modi joined Bishop Cotton School in Shimla , in 1971. His family later moved him to St Joseph's College, Nainital , because of a kidnapping threat. In 1980, he was expelled from St. Joseph's for truancy , having left school to watch
3090-399: Is presented to the player who hits the most sixes at the end of the season. From 2008 to 2012, the IPL title sponsor was DLF , India's largest real estate developer, which bid ₹ 200 crore (US$ 24 million) for the rights for five seasons. After the 2012 season, PepsiCo bought the title sponsorship rights for ₹ 397 crore (US$ 48 million) for the next five seasons but terminated
3193-749: The TATA IPL for sponsorship reasons, is a men's Twenty20 (T20) cricket league held annually in India . Founded by the BCCI (the Board of Control for Cricket in India) in 2007, the league features ten state or city-based franchise teams. It is the most popular cricket league in the world and its seasons usually take place between March and May. It has an exclusive window in the ICC Future Tours Programme , resulting in fewer international cricket tours occurring during
Lalit Modi - Misplaced Pages Continue
3296-877: The COVID-19 pandemic , the venue for the 2020 season was moved and games were played in the United Arab Emirates . In August 2021, the BCCI announced that two new franchises, based in two of six shortlisted cities, would join the league in the 2022 season . In closed bidding held in October, the RPSG Group and CVC Capital won the bids for the teams, paying ₹ 7,000 crore (US$ 840 million) and ₹ 5,200 crore (US$ 620 million), respectively. The teams were subsequently named Lucknow Super Giants and Gujarat Titans . Several IPL franchise owners have expanded their business by acquiring teams in other franchise leagues, such as
3399-661: The Caribbean Premier League (CPL) , South Africa's SA20 , the UAE's International League T20 (ILT) and the USA's Major League Cricket (MLC) . These teams have been branded with similar names to their parent IPL franchises. In addition to the above acquisitions, Delhi Capitals also bought a stake in MLC's Seattle Orcas . The IPL's headquarters are located in the Cricket Centre, next to
3502-757: The Chief Minister of Rajasthan . Modi knew Raje through a common school friend Bina Kilachand, and had become one of the Chief Minister's closest associates. After his failed stint in Himachal Pradesh, Modi decided to gain control of the Rajasthan Cricket Association (RCA), another constituent body of BCCI. The RCA had been controlled by the Rungta business family for over three decades. It had 32 district associations as its constituent members, plus 66 individual members – all of whom were members or peons of
3605-533: The International Cricket Council (ICC). Moreover, the BCCI was unhappy about its committee members joining the ICL executive board. In response, the BCCI increased the prize money for its domestic tournaments and imposed lifetime bans on players who joined the rival league, which it considered a rebel league. On 13 September 2007, following India's victory at the 2007 T20 World Cup , the BCCI announced
3708-566: The Rambagh Palace , where ministers and civil servants would queue up to meet him and ask for favours. Modi entered the real estate business with a company called Amer Heritage City Construction Pvt Ltd, where his wife, Minal, served as a director. Modi pressured local officials and secured control of two havelis near the Amer Fort , in contravention of Archaeological Survey of India 's rules. He intended to renovate and convert these havelis into
3811-551: The Wankhede Stadium in Churchgate , Mumbai. The Governing Council is responsible for the league's functions, including the organization of tournaments. As of April 2024 , its members included: A team can acquire players through the annual player auction , trading with other teams during trading windows, and signing replacements for unavailable players. Players sign up for the auction and set their base price and are bought by
3914-496: The BCCI Presidential elections. Subsequently, Modi was appointed vice-president of the BCCI. Lalit Modi was heavily involved in the commercial side of the BCCI. Between 2005 and 2008, BCCI's revenues increased sevenfold, touching the $ 1 billion mark. In 2008, Lalit Modi was instrumental in launching the Indian Premier League (IPL), based around Twenty20 cricket. He also engineered the IPL's move to South Africa in 2009, after
4017-545: The BCCI banned the RCA and elected an ad hoc body to carry administrative function of RCA. Lalit Modi took the legal route to fight BCCI's declaration. In March 2014, Modi alleged that the International Cricket Council (ICC) had evidence regarding the existence of spot and match-fixing in the Champions League T20 cricket tournament and that world cricket's governing body was deliberately not making it public. On 9 March 2015,
4120-604: The BCCI the 10% bank guarantee element of the franchise fee. In September 2012, the Deccan Chargers franchise agreement was terminated after the BCCI failed to find new owners. In October, an auction was held for a replacement franchise; Sun TV Network won the bid for what became the Hyderabad franchise; the team was named Sunrisers Hyderabad . Pune Warriors India withdrew from the IPL in May 2013 due to financial differences with
4223-467: The BCCI. The BCCI officially terminated the franchise in October, and the league reverted to eight teams. In June 2015, the two-time champions Chennai Super Kings and the inaugural season champions Rajasthan Royals were suspended for two seasons following their involvement in a spot-fixing and betting scandal . The two teams were replaced for two seasons by franchises based in Pune and Rajkot . Due to
Lalit Modi - Misplaced Pages Continue
4326-549: The Congress accused Vasundhara Raje of corruption, alleging that she had granted favours to Lalit Modi in exchange for the money. BJP argued that Raje had acted as a friend of Modi, and not in her capacity as a political leader. The controversy resulting from these revelations was termed as "Modigate" by the Indian media. The opposition parties accused the BJP leaders of shielding Lalit Modi, who
4429-684: The Congress leader Jyotiraditya Scindia and Chirayu Amin . The charges against Modi included: As a result, BCCI banned Modi for life in 2013. In December 2013, the Rajasthan Cricket Association (RCA) held fresh elections. However, the results were postponed 6 times by the Supreme Court due to court cases filed by Kishore Rungta and the BCCI. On 6 May 2014, Lalit Modi was re-elected as the president of Rajasthan Cricket Association (RCA), while residing in London. Immediately after his election,
4532-465: The IPL achieved a valuation of US$ 10.9 billion, becoming a decacorn and registering a 75% growth in dollar terms since 2020 when it was valued at $ 6.2 billion, according to a report by the consulting firm D and P Advisory. Its 2023 final became the most streamed live event on the internet, with 32 million viewers. In 2023, the league sold its media rights for the next 4 seasons for US$ 6.4 billion to Viacom18 and Star Sports , meaning each IPL match
4635-410: The IPL at US$ 4.16 billion in 2016; that number grew to $ 5.3 billion in 2017 and $ 6.13 billion in 2018. A report from Duff & Phelps said one of the contributing factors in the rapid growth of the IPL's value was a new television deal with Star India Private Limited, which engaged more viewers because the IPL was transmitted to regional channels in eight languages; under the previous deal,
4738-514: The IPL had contributed to a net loss of 2.4 million Disney+ subscribers worldwide, primarily in India. Godfrey Phillips India Godfrey Phillips India Ltd. (GPI) is a tobacco manufacturer headquartered in India. It is now a part of Modi Enterprises . The company is a major player in the domestic cigarette industry. In 2013-2014 it reported an annual turnover of Rs 4,220 crores. It has expanded from tobacco to include tea, pan masala, and confectioner. Its operations are primarily located in
4841-436: The IPL offered total prize money of ₹ 46.5 crore (equivalent to ₹ 49 crore or US$ 5.9 million in 2023), with the winning team netting ₹ 20 crore (equivalent to ₹ 21 crore or US$ 2.5 million in 2023) and the second-placed team ₹ 13 crore (equivalent to ₹ 14 crore or US$ 1.7 million in 2023). League rules mandate that half of any prize money must be distributed amongst
4944-477: The IPL seasons. In 2014, it ranked sixth in average attendance among all sports leagues. In 2010, the IPL became the first sporting event to be broadcast live on YouTube . Inspired by the success of the IPL, other Indian sports leagues have been established. In 2022, the league's brand value was estimated at ₹90,038 crore (US$ 11 billion). According to the BCCI, the 2015 IPL season contributed ₹1,150 crore (US$ 140 million) to India's GDP . In December 2022,
5047-492: The ITT, removing the net worth clause and reducing the guarantee amount to US$ 10 million. In March 2010, a consortium of investors led by Rendezvous Sports World (RSW) won a bid for the Kerala -based Kochi Tuskers Kerala franchise. Indian National Congress leader and External Affairs minister Shashi Tharoor was involved in bringing together the various companies in this consortium. At that time, both Modi and Tharoor stated that
5150-430: The Indian Premier League is here to stay. The league has delivered financially for the players, franchisees, sponsors, and India as a whole, prompting a strong desire among stakeholders to value it appropriately. To ensure continued development, management, and team owners must explore innovative ways of engaging fans, clubs, and sponsors. In December 2022, the IPL became a decacorn valued at US$ 10.9 billion, registering
5253-582: The Indian authorities. In her affidavit, Raje had claimed that Modi was a victim of a "political witch hunt" by the Congress . Earlier, in 2013, a Jaipur-based lawyer Poonam Chand Bhandari had filed a public interest litigation in the Delhi high court, claiming that Lalit Modi had transferred millions of rupees to a company owned by Vasundhara Raje and her son Dushyant Singh , using a shell company . Dushyant Singh owns Niyant Heritage Hotels Private Limited (NHHPL), and his mother Vasundhara Raje holds 3,280 shares in
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#17330938343935356-600: The Interpol notice, Modi took a picture with ex-Interpol Chief Ronald Noble and uploaded it to his Instagram account while attending the El Clasico match in Barcelona. In the post, he referred to Noble as his “brother”. The incident caused significant media backlash within India as many began to raise questions about the connection between men with criminal reputations like Modi and international law enforcement. Yet Noble, who served as
5459-586: The Kochi franchise. Ultimately, Tharoor had to resign as a minister amid allegations of corruption. On 16 April 2010, the representatives of the Kochi franchise complained to BCCI that Lalit Modi had threatened them to give up the franchise. A day after the IPL final on 24 April, BCCI suspended Modi on 22 charges, including bypassing the governing council while taking decisions, not following proper processes, bid rigging , awarding contracts to his friends, accepting kickbacks on
5562-428: The President of the Rajasthan Cricket Association from 2005 till 2009 and then again from 2014 till 2015, and as the vice president of the Punjab Cricket Association from 2004 till 2012. As a close associate of the Bharatiya Janata Party (BJP) leader Vasundhara Raje , Modi once held considerable political clout in Rajasthan . During Raje's first term as the Chief Minister , he was called "Super Chief Minister" by
5665-420: The Rungta household. During the 1980s and 1990s, there were several unsuccessful attempts to eject the Rungta family from the RCA. After Vasundhara Raje became the Chief Minister of Rajasthan, a faction led by Modi started fresh attempts to defeat the Rungtas. Modi registered himself with the RCA under the name "Lalit Kumar", as a member of the Nagore district 's cricket association. He didn't use his full name for
5768-440: The US, Modi had been impressed by the huge revenues of the American sports leagues. In 1995, he pitched his idea for a new 50-over tournament to BCCI. He even registered a name – Indian Cricket League Limited – for the proposed league. However, the BCCI did not take the proposal seriously. Modi then resolved to join the Board. As a step towards this goal, in 1999, he managed to get elected to the Himachal Pradesh Cricket Association ,
5871-433: The United States. Ronald Noble explained that his brother and Modi entered into a joint business venture around the property, under which Modi would purchase the house, while James Noble would maintain it at his own expense. Modi and James Noble would split the profits equally once the property was sold. Noble stated that there was no conflict of interest, because at the time of this deal he was not an Interpol employee and Modi
5974-408: The auction of Andrew Flintoff in 2009. He also supported Aditya Verma, the secretary of Cricket Association of Bihar, who was fighting a separate legal battle against Srinivasan. Meanwhile, the Enforcement Directorate of the Indian government launched investigations in following cases against Modi and other BCCI officials: Modi defended himself arguing that he was not individually responsible for
6077-400: The auctioned value of players to their national cricket boards. In January 2018, IPL chairman Rajiv Shukla said the IPL would double the amount paid to cricket boards that made their players available for an entire season. In 2022, Australian Cricketers' Association expressed its unhappiness about this. The IPL tournament rapidly grew in value between 2016 and 2018. Financial experts valued
6180-405: The award. Australian batsman David Warner has won the award three times, more than any other player. Virat Kohli of Royal Challengers Bengaluru , who scored 741 runs during the 2024 season , is the most recent winner of the award. The Purple Cap is awarded to the highest wicket-taker at the end of each season. It is an ongoing competition and the bowler who is the leading wicket-taker wears
6283-461: The ban on players who chose to participate in the ICL, the rival league shut down in 2009. New franchises, Pune Warriors India and Kochi Tuskers Kerala , joined the league before the fourth season in 2011. The Sahara Adventure Sports Group purchased the Pune franchise for $ 370 million, while Rendezvous Sports World bought the Kochi franchise for $ 333.3 million. The Kochi franchise was terminated after just one season due to their failure to pay
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#17330938343936386-459: The best cricket stadiums in the country. He spent another ₹7 crore to build a state-of-the-art cricket academy. He sold the boundary-rope advertising for ₹15 lakh per spot, more than double the previous rate. He also ended the practice of giving away tickets for free and sold corporate box seats for ₹1,25,000 each. After becoming the RCA President in 2005, Modi helped the Nationalist Congress Party leader Sharad Pawar defeat Jagmohan Dalmiya in
6489-495: The broadcasting rights were divided into four packages. Package A was for domestic television rights, and Package B was for domestic digital rights. Package C was for the digital rights of eighteen non-exclusive matches, and Package D was for international television and digital rights, further divided into four groups. On 13 June 2022, it was reported the packages for domestic television and streaming rights had fetched at least ₹ 397.75 billion (nearly US$ 5.1 billion) in total, doubling
6592-488: The case was heard in the Durham County court, North Carolina and later entered a plea bargain, which resulted in a suspended two-year prison sentence. In lieu of prison time, he was placed under a five-year probation and ordered to do 100 hours' community service. In 1986, Modi sought permission from the court to return to India, citing bad health. The Durham County Court accepted his plea and ordered him to perform 200 hours of community service in India. Modi's return to India
6695-454: The cheapest franchises and very closely priced, leading to speculation that Modi had passed on insider information to the owners. As a close associate of the Chief Minister Vasundhara Raje, Lalit Modi became a powerful figure in Rajasthan, and came to be known as a "super chief minister". He continued to live in Mumbai, where his network had expanded to include leading industrialists and Bollywood stars. He visited Jaipur frequently, and stayed at
6798-415: The company. In 2008, Lalit Modi's company Anand Heritage Hotels Private Limited (AHHPL) provided an unsecured loan of ₹ 38 million to NHHPL. During 2008–09, AHHPL acquired 815 shares in NHHPL, paying ₹ 96,000 for each share, although the face value of each share was only ₹ 10. NHHPL, which previously had a paid up capital of ₹ 1 million, thus received a total of 116.3 million from AHHPL. In June 2015,
6901-404: The consent for his wife's operation, although the same was not a requirement in Portugal . Modi also revealed that on 25 August 2011, BJP leader Vasundhara Raje (also an opposition leader at that time) signed a document supporting his application to the British authorities. The application, which was never presented to the British authorities, had a secrecy clause that it should not be revealed to
7004-536: The contract due date or the actual payment date. Before the 2014 season, Indian domestic players were not included in the player auction pool. They could be signed up by franchises at a discrete amount while a fixed sum of ₹ 10 lakh (US$ 12,000) to ₹ 30 lakh (US$ 36,000) would be deducted per signing from the franchise's salary purse. This received significant opposition from franchise owners, who complained richer franchises were "luring players with under-the-table deals." The IPL later decided to include domestic players in
7107-559: The dates of the tournament clashed with the Indian general election and the Union Minister of Home Affairs , P. Chidambaram, could not commit to the security of the tournament. The IPL grew into one of the world's biggest sports league, worth over $ 4 billion. The commercial success of IPL and Modi's control of the league led to him being compared to Don King (boxing promoter) and Bernie Ecclestone (Formula One promoter). Modi's family and friends also profited from IPL. Suresh Chellaram, his brother-in-law (husband of his sister Kavita), owned
7210-430: The deal in October 2015, two years before the expiry of the contract, due to the two-season suspension of the Chennai and Rajasthan franchises from the league. The BCCI transferred the title sponsorship rights for the remaining two seasons of the contract to Chinese smartphone manufacturer Vivo for ₹ 200 crore (US$ 24 million). In June 2017, Vivo retained the rights for the next five seasons from 2018 to 2022 with
7313-405: The decisions: BCCI and its committees took these decisions collectively. He refused to return to India, stating that there was a threat to his life. The Mumbai Police endorsed his claim, stating that underworld gangsters had threatened him after he refused to pay extortion money. Dawood Ibrahim and his associate Chhota Shakeel had sent hitmen to kill Modi and his family, when the Modis were on
7416-515: The event. Other notable rules, as of the 2024 season, include: Player contracts run for one year but can be extended by one or two years if the franchises take up the option. Since the 2014 season, player contracts have been denominated in the Indian rupee , before which the contracts were in the US dollar . Overseas players can be remunerated in the currency of the player's choice, at the exchange rate on either
7519-578: The fear of being denied entry. In 2005, Modi used his connections with Raje to get the Rajasthan Sports Act passed. This ordinance took away voting rights from the 66 individual members, leaving only the 32 district associations as voters. As a result, Modi was elected as the President of RCA, defeating the incumbent Kishore Rungta by just 1 vote. As the RCA President, he spent ₹20 crore to renovate Jaipur's Sawai Mansingh Stadium, making it one of
7622-526: The franchise's players. The IPL has several rules which vary from the established Laws of cricket or those used in other Twenty20 (T20) leagues: As of the 2024 season, the league has ten teams based in cities across India. Present teams Former teams Suspended Chennai Super Kings and Mumbai Indians have each won five titles, the most in the tournament. Kolkata Knight Riders have won three titles, while Rajasthan Royals , Deccan Chargers , Sunrisers Hyderabad and Gujarat Titans have each won
7725-406: The head of Interpol from 2000 to 2014, denied any knowledge of Modi's criminal activities despite evidence that Modi was on an Interpol watch list for some time. One month later, a series of emails revealed Modi's further ties with Noble and his brother James. Indian media released a set of emails exchanged between the three men between 21 and 26 January 2014, discussing a property worth $ 365,000 in
7828-400: The highest-bidding franchise. Unsold players at the auction can become replacement signings. Trades require player consent, and any contract differences are covered by the franchise. There are typically three trading windows: two before the auction and one before the tournament. No trading is allowed outside these windows or during the tournament, but replacements can be signed before or during
7931-414: The identities of Kochi's stakeholders. One of the sweat equity holders was Sunanda Pushkar , a close friend (and later wife) of Shashi Tharoor. Shortly after the agreement was signed, Modi disclosed the names of Kochi's stakeholders via a tweet . Modi alleged that Pushkar's shares were actually a hidden gift to Tharoor. RSW threatened to sue Modi for violating confidentiality agreement, and claimed that Modi
8034-449: The meeting, on the ground that they were late by 10 minutes. The delay occurred because their vehicles were stopped, and they were beaten with rods by a mob. 5 more votes were discarded as disputed. In the end, Modi was ousted as the President by a controversial 17–1 vote. Pathan denied any role in the attack on Modi's supporters, and suggested that the attack was staged by them as an excuse for their pending defeat. In March 2010, while Modi
8137-423: The minister had no stake in the franchise, and was only facilitating a team for his native state Kerala. On 11 April 2010, when a formal agreement was being signed between BCCI and the Kochi franchise, Modi asked the Kochi representatives about the identities of the sweat equity holders in the franchise. According to Modi, he received "evasive replies", and subsequently, a call from Tharoor instructing him not to probe
8240-473: The most notable statistical records associated with the tournament is provided below: The Orange Cap is awarded to the highest run-scorer at the end of each season. It is an ongoing competition with the current highest-run scorer wearing the cap whilst fielding. The eventual winner keeps the cap for the season. Brendon McCullum was the first player to wear the Orange Cap and Shaun Marsh the inaugural winner of
8343-471: The northern and western parts of India, but it has recently expanded into West Bengal and the southern part of the country. It sells some of the most popular cigarette brands, such as Four Square, Red and White, Cavanders, Tipper, and North Pole. The firm was originally established in London in 1844. GPI was one of the first British companies to mass-produce cigarettes . GPI manufactures and sells cigarettes , smoking tobacco and cigars, apart from having
8446-698: The opposition and the media. In 2010, Modi alleged that the Indian National Congress minister Shashi Tharoor held indirect free equity in the Kochi Tuskers Kerala IPL franchise, ultimately leading to Tharoor's resignation. The Kochi franchise alleged that Modi was harassing them, because he wanted another group to win the franchise bid. Shortly after IPL 2010 ended, Modi was suspended from BCCI after being accused of misconduct, indiscipline and financial irregularities. BCCI launched an investigation against him, and banned him for life in 2013 after
8549-404: The player auction. The BCCI give 10% of foreign players' salaries to their country's national cricket board. Based on a 2024 report by Forbes India , the average IPL salary among the top 10 highest-paid players is ₹12.37 crore, the second-highest of sports leagues in the world. Because players in the IPL are contracted only for the duration of the tournament – less than two months –
8652-480: The second highest-valued sports media property worldwide, behind only the NFL , whose new media contracts taking effect in the 2023 season cumulatively fetched US$ 111 billion. In February 2023, Viacom18 announced it would stream the 2023 IPL for free on JioCinema with feeds in 12 languages, including English and regional languages, and in 4K resolution . The same month, The Walt Disney Company reported its loss of
8755-502: The title sponsors for the 2020 IPL for an amount of ₹ 222 crore (equivalent to ₹ 261 crore or US$ 31 million in 2023). Vivo returned as the title sponsor for the 2021 IPL season but withdrew again, and was replaced by the Tata Group for the next two seasons. InsideSport reported the BCCI would receive ₹ 498 crore (US$ 60 million) for the 2022 and 2023 seasons from title sponsors. Vivo had previously agreed to pay
8858-460: The transmissions were limited to sports networks with English-language commentary. According to an independent report conducted by Brand Finance, a London-based company, after the conclusion of the 2017 Indian Premier League , the IPL's business value grew by 37% to an all-time peak of $ 5.3 billion, exceeding the five-billion-dollar mark for the first time in a season. According to the company's director Savio D'Souza: Now in its 11th season,
8961-548: The value of the 2018–2022 contract. The next day, it was announced that Star Sports had renewed its contract for television rights by winning package A, and that a Viacom18 consortium had exclusively acquired the streaming rights by winning both Package B and C. The two contracts for Package A and B are cumulatively valued at around US$ 6.2 billion; with the new contracts, the IPL overtook the Premier League in English football as
9064-518: The weekly IPL salaries are extrapolated pro data to obtain an average annual salary, unlike other sports leagues in which players are contracted by a single team for the entire year. According to a report by The Telegraph , IPL players are paid 18% of the revenue, which is the lowest amount compared to other major sports leagues, in which players receive at least 50% of the revenue. The Federation of International Cricketers' Associations said that IPL players must be paid fairly. The 2022 season of
9167-572: Was allegedly presided over by Lalit Modi. In 2007, Modi disallowed the IAS officer Mahendra Surana to watch a match at the Sawai Mansingh Stadium, because he believed Suarana to be an associate of the Rungta faction of RCA. When Surana and his friend Hemendra Suarana (an army doctor and a former Ranji player) arrived at the Stadium, Modi tore their tickets. He repeated this act with the IPS officer R.P. Srivastava. During
9270-494: Was creating problems for Kochi because he wanted other bidders to win. Tharoor denied that he had any financial stake in the Kochi franchise, and stated that his role was limited to offering "encouragement, blessings and expert advise" to the RSW-led group of bidders. Tharoor argued that there was no reason for the investors to bribe him, since he had no influence over the auction. Sunanda Pushkar stated that she would give up her stake in
9373-487: Was established in 1844 at Bevis Marks in Aldgate, London, by cigar manufacturer Godfrey Phillips, who was the eldest son of Henry Phillips, born in the country fields outside London in October 1826. When his sons were old enough and working in the business, the firm's name was changed to Godfrey Phillips & Sons, Ltd. On 21 August 1900 Godfrey Phillips died and in 1908 the partnership was sold, and Godfrey Phillips, Limited,
9476-411: Was facilitated by some of his father's businessmen friends, including Leonard Lauder . When asked about this matter in 2010, Modi stated "I've got no idea about these allegations, which have been investigated and nothing was found." In 1986, Modi came back to Delhi, and joined the family business. He served as the President of International Tobacco Company Limited from 1987 to 1991. On 21 August 1989, he
9579-591: Was formed. The first directors were the partners- Joseph Phillips, chairman, Philip Phillips, David Phillips, Spencer Phillips and Arthur Phillips. Later, the business was listed on the London Stock Exchange as Godfrey Phillips Plc. In 1936, Godfrey Phillips (India), Limited, was created; the building of native-style architecture was devoted to the manufacture of the group's brands Cavander's, De Reszke and Greys. In 1967, Godfrey Phillips Ltd. of London made an arrangement with International Tobacco Co. who opened
9682-631: Was in London , the Congress-led Indian Government revoked his passport. Modi challenged the decision in the Delhi High Court. The High Court restored Modi's passport in August 2014. In June 2015, British Member of Parliament Keith Vaz was reported to the parliamentary standards commissioner for lobbying UK immigration officials on behalf of Lalit Modi. It was revealed that Vaz had mentioned
9785-466: Was launched in 1904 and featured anonymous pin-up girls. In the 1920s, the company took advantage of the rise popularity of association football trading cards in those times, releasing football collections in 1920, 1922 and 1923. Godfrey Phillips Ltd. issued a series of 1,100 football cards of the first collection, followed by 2,462 in 1922 and 940 in 1923. The outbreak of the World War II caused
9888-420: Was made a Non-Executive & Non-Independent Director at Godfrey Phillips India , one of India's largest tobacco companies, and a joint venture between his family's Modi Enterprises and Philip Morris International . In February 1992, he was made an executive director of Godfrey Phillips India, and retained that position until 1 August 2010. In Delhi, Modi started courting the nine-years-older Minal Sagrani, who
9991-453: Was of no interest to Interpol. As of 2015, Lalit Modi has not been convicted of any charges as part of the ED investigation. The Enforcement Directorate of India had requested Interpol to issue a global warrant against Lalit Modi. However, in 2017, the Interpol which had been delaying the issuance, rejected this request. Indian Premier League The Indian Premier League (IPL) , also known as
10094-575: Was presented to the best under-19 player in 2008 and the best under-23 player in 2009 and 2010. In 2011 and 2012, the award was known as "Rising Star of the Year," and in 2013 the "Best Young Player of the Season." Since 2014, the award has been called the Emerging Player of the Year. Mustafizur Rahman is the only foreign player to win this award. The 2024 winner was Nitish Kumar Reddy . The Maximum Sixes Award
10197-496: Was rigging bids to suit Adani Group and Videocon Group , as the new clauses would rule out most of the other prospective bidders. After the ITT was floated on 22 February 2010, some of the prospective bidders, including Sahara Group and Jagran Group , complained to the BCCI President Shashank Manohar that they were being deliberately kept out of the tendering process. After receiving only two bids, IPL changed
10300-475: Was the daughter of Nigeria -based Sindhi Hindu businessman, Pesu Aswani, and the ex-wife of another Nigeria-based Sindhi businessman, Jack Sagrani. His family initially opposed the marriage, as Minal was a recently divorced mother and nine years older than him. Modi managed to get his grandmother Dayawati Modi on his side, who convinced the family to agree to the marriage. The couple married on 17 October 1991 in Mumbai . The couple settled in Mumbai, as Minal faced
10403-590: Was valued at $ 13.4 million. As of 2024, there have been seventeen seasons of the tournament. The current champions are the Kolkata Knight Riders , who won the 2024 season after defeating the Sunrisers Hyderabad in the final . In 2007, Zee Entertainment Enterprises founded the Indian Cricket League (ICL). The ICL was not recognized by the Board of Control for Cricket in India (BCCI) or
10506-414: Was voted out of power, Modi's power in Rajasthan reduced considerably. In January 2009, he had spent several hours at a police station after an FIR was registered on the basis of a complaint by a Samajwadi Party activist for forgery. In March 2009, his faction lost the RCA election. The new leadership appointed a committee to probe alleged financial irregularities during his regime. By 2009, suggestions of
10609-562: Was wanted in several cases of financial irregularities in India. Modi's lawyer Mehmood Abdi called the controversy a matter of political vendetta, and claimed that he had been hounded by the Congress ever since the Shashi Tharoor-Sunanda Pushkar controversy of 2010. As a result, Interpol , the international law enforcement agency, issued a light blue notice against Modi to be arrested on Indian soil. However, in June 2015, and despite
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