Today, the BCCI is often known and widely upheld as the World's richest cricket board and one of the most prestigious sports governing organization in the world. The status, to some extent, is a credit to the IPL and this man, Lalit Modi, the real brain behind it.
Whatever happened to Lalit Modi or his integrity, he would still be remembered as one of the foundation members for laying the pillars of modern-day Indian cricket. In the late 2000s, when the BCCI was nowhere near making aggressive financial moves, it was this man who proposed the idea for a franchise league with private owners, massive TV deals and players from around the world.
He later moved to London and has battled through various legal as well as regulatory challenges linked to the cricket administration irregularities. However, despite being sidelined from the structure, Lalit Modi has never kept himself away from making sharp comments on cricket's business and administration.
Rajasthan Royals and Royal Challengers Bangalore are up for a massive sale
The RR's floor valuation has been finalized around US$1.1 billion, which would be fitting with the financial strength of the IPL ecosystem. As per reports from Khelnow, the involved parties and the concerned authorities will meet on the 16th of March to discuss the next phase and determine the progress of the sale.
Four Groups have been shortlisted in the bidding race for the Royals
As per reports from Khel Now, Raine Group has reportedly shortlisted a total of four frontrunning bidders, which include the Aditya Birla Group and David Blitzer, who joined forces in order to take over the IPL team. Blitzer is a big name in global sports with several football and basketball teams.
The David Blitzer group and the Adar Poonawalla group from Serum Institute of India are the investors who have shown interest in acquiring stakes in either of the two sides between RR and RCB.
ALSO READ: Delhi Capitals angry at Kevin Pietersen? Franchise breaks silence on England legend's shocking exit
Hence then, the article about rcb or rr lalit modi back in ipl set to buy was published today ( ) and is available on cricketaddictor ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( RCB or RR? Lalit Modi back in IPL set to buy.... )
Also on site :