BCCI to take legal opinion on CSK low demerger valuation

April 26, 2015 08:16 pm | Updated April 27, 2015 01:58 am IST - Chennai

A meeting of the Working Committee of the Board of Control for Cricket in India (BCCI) in Kolkata on Sunday, chaired by its president Jagmohan Dalmiya, decided to seek a fresh legal opinion on the demerger and transfer of shares of Chennai Super Kings (CSK).

While some members felt the franchise was undervalued at Rs. 5 lakh, the camp of former BCCI president N. Srinivasan was confident of its position. P.S. Raman, vice-president, Tamil Nadu Cricket Association told The Hindu, “The issue was discussed at the meeting.”

A source said a U.K.-based detective agency was hired to prevent former IPL commissioner Lalit Modi from hacking into BCCI computers.

Snooping row not discussed at BCCI meet

Although there were rumours that the Working Committee meeting of the Board of Control for Cricket in India (BCCI) in Kolkata on Sunday would take up the issue of the previous BCCI regime employing a detective agency to investigate some of its own members, the topic did not come up at the meeting.

A source close to N. Srinivasan, former BCCI president, told The Hindu : “The U.K.-based detective agency was engaged by the BCCI when Mr. Shivlal Yadav was the acting president and Mr. Sanjay Patel, the secretary. Mr. Srinivasan, as per the instructions of the Supreme Court, kept away from the affairs of the BCCI.”

The source said, “This was done to put proper security systems in place. We had information that [former IPL commissioner] Lalit Modi, expelled by the Board, was [allegedly] attempting to hack into the BCCI computers. This was a serious security threat and had to be dealt with.” Mr. Modi now lives in the U.K.

The future of the Champions League Twenty20 was discussed since neither the broadcaster nor the respective associations were profiting financially from the tournament.

This year’s edition of the Champions League could be in danger.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.