Lalit Modi held what can be described as an emergency press conference to deny overwhelming reports in the media claiming the IPL was seeing too many pull outs from sponsors and a potential fall out in the television rights.
modi man iBQ35 17022
Modi was forced to take questions to not only quell the growing media scrutiny in the IPL’s ‘fund raising’ schemes but also, negate any doubts in the mind of present and future sponsors about the fate of the IPL.
The intensity of interest grew after Sony’s main man, Kunal Dasgupta, tendered his resignation which many feel may have been instigated rather than him tendering it in after being Sony’s longstanding CEO. The haranguing within Sony was apparently over Reliance’s Big TV who made the initial investment for in stadium advertising while Sony was allegedly negotiating with Airtel for on air advertisements while blocking rival advertisements at a much lower cost.
While Indian newspapers are reporting of extensive sponsor pull outs such as Citigroup and HDIL, Modi has gone on record telling people at the press conference that not only have the original sponsors from the first year stayed on but that he was in a position to question if they wanted to leave because there were more sponsors this year vying for slots at a higher bid despite the recession!
One wonders though if that has succeeded in convincing the vultures though!
Congress: Modi Has No Right to Take IPL out of Jaipur
Coke Succeeds Where Pepsi Fails
Warne Threatens to Quit Rajasthan Royals Over Jaipur
Modi Threatens to Take IPL Out of Jaipur
Warne: "IPL- More Real Than the Ashes" ; Aussies Wary of IPL 2
How Smith and Warne shaped the Test success
Warne calls KP’s Coach Call a Bluff!
Modi Finds Himself in Hot Water
T20 Agendas: When Enough is Too Much!
Greg Chappell Washes His Hands Off India
Story Update: Modi Alleges Twist in tale as Clarke Does a U Turn!
Pak Backtracks on Sending Players for IPL
Court Reverses Ban on ICL Players in Pak as ICC Lays New Rules
Shilpa Shetty Buys into the IPL Extravaganza
IPL Auctions: The Predictable Four 'Big Fish'
IPL Auctions: Which Was More Surprising – Tyron or Mashrafe?
IPL Auctions: Mallya’s Mistake or Mindset- KP for Captain?
RCB Policy; Two Captains for one IPL team?
Clarke says, Count Me in; Not So, says Broad
IPL Auctions Announce Players; Ponting Expresses Reservations
IPL Begins Next Round of Stock Trade, Minus Salary Cap
Related Stories
Fresh off the IPL: Pawar Family Denies Support as Shareholder in IPL Team Bid
In a brand new controversy involving Sharad Pawar and his family, it has been revealed that City Corporation made a bid for the Pune IPL team. However, Pawar denies that the person making the bid got the vote of approval from the board. Pawar has.
Lalit Modi Denies Knowledge of Payment to Majola From IPL Funds
Even as the CSA CEO is embroiled in an IPL related controversy, Lalit Modi denies any knowledge of it. Gerald Majola helped facilitate the smooth shifting of the IPL 2 from India to South Africa along with the suspended IPL Chairman and...
Modi Alleges Taroor Wanted IPL Team in Abu Dhabi; Taroor Denies
Even as the battle between bruised egos is threatening to expose more muck that they would have originally liked, the allegations continue to storm on a stormy day for both men. Even as the IPL governing council decided to meet informally in...
Lalit Modi Confesses BCCI’s Role in Squashing the ICL; Denies SLPL Knowledge
It is interesting that a year after he was pushed out of the IPL, Lalit Modi has developed a conscience to confess his role in ensuring that the purpose of the Indian Cricket League ( the ICL ) was defeated. Lalit Modi, the former IPL chairman and commis
Virat Kohli And Co. Enjoy Bike Ride before Formula One Racing ( See Pics)
Is it not known that the Indian cricketers can also love demons of speed? Even as some of the Indian cricket team will fly to Noida for the first Formula One Indian Grand Prix, they did enjoy bike rides, although not on the circuit, with the keys firmly w
