Hyderabad: With the value of broadcast rights and a central pool of sponsorships of Indian Premier League will be high by the time the next rights comes up for sale, the 50:50 sharing ratio between the BCCI and franchises - as mentioned in the contract signed between IPL and its franchises- will only mean more profit, more money.
Also Read: Mohammad Amir bids Test cricket adieu at age 27
However, Kings XI Punjab's co-owner Ness Wadia is least amused with the forecast. Ness and his family are not interested to keep their association intact with KXIP, media reports suggested. Hence, his exit from the fold of IPL is just a matter of time. However, it is yet to be known what exactly drives Ness' family to force him to pull the share in IPL out.
Ness has had a stint with the IPL since its inception in 2008. He has 23 per cent stake in KXIP, the same as actress Preity Zinta. The Burmans, who owns Dabur, has a massive 46 per cent share in the franchise. Remaining eight per cent share is owned by other entities.
Though Ness is willing to part away from the franchise Burmans and Zinta will not sell their stakes in KXIP.
“It’s Ness who’s been trying to work his way out. Partly because his family wants him to, partly because he himself wants to,” said a source close to the development.
Also Read: India's bowling coach Bharat Arun may retain his job, Sanjay Bangar under scanner
It is also learnt that the franchise has begun their search for a new investor. A UK based banker even expressed his interest. However, no official statement was given from either side regarding the same.
Dabur's Mohit Burman said, “There are many who have approached us over time." However, he didn't reveal the details of his discussion with possible stakeholders.
