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[ramshorns]

It clearly is an unfair tournament. I am amazed that ipl still has supporters. It seems more like the wwf at this time since results are skewed in savor of teams like Mumbai and chennai.

The fact that Mumbai was allowed to carry 5 foreign players which is clearly against the rules. The fact that they allow players to make side deals makes a mockery of the salary cap rules.

This is crap and I for one would root for this ipl season to fail.

It is always unfair CP when you are dealing with BCCI. It is lesser of the 2 evils.  Dalalmiya was worst, now these guys are only slightly better but that is not saying much. 

We are lucky to have greats like VVS, RD give us Eden 2001, Adelaide 2003, Durban 2011 moments despite all this. Or the WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years.

Correction1 - "now these guys are only slightly better  because of VVS had a halo effect on Pawar , in fact he was regularly shagging off to VVS portrait , the shiny teeth always turned Pawar on"

Correction2 - "Or the VVS inpired WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years. It took Laxman's entire youth to give India a cherished WC"

Yeah you got the point that your Dalalmiya is a bigger crook than anyone in the present BCCI and on top of that Ganguly has nothing to do with some of the best moments that I outlined.  Speaking of Pawar, Ganguly owes him a lot getting 4 free Tests to bid goodbye after getting dropped by Vengsarkar after the SL series and 2006 back door entry and last but not the least the IPL entry last year after all team shut shop on him.  So....

[cricinfo]

It clearly is an unfair tournament. I am amazed that ipl still has supporters. It seems more like the wwf at this time since results are skewed in savor of teams like Mumbai and chennai.

The fact that Mumbai was allowed to carry 5 foreign players which is clearly against the rules. The fact that they allow players to make side deals makes a mockery of the salary cap rules.

This is crap and I for one would root for this ipl season to fail.

It is always unfair CP when you are dealing with BCCI. It is lesser of the 2 evils.  Dalalmiya was worst, now these guys are only slightly better but that is not saying much. 

We are lucky to have greats like VVS, RD give us Eden 2001, Adelaide 2003, Durban 2011 moments despite all this. Or the WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years.

Correction1 - "now these guys are only slightly better  because of VVS had a halo effect on Pawar , in fact he was regularly shagging off to VVS portrait , the shiny teeth always turned Pawar on"

Correction2 - "Or the VVS inpired WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years. It took Laxman's entire youth to give India a cherished WC"

I think Shivlal Yadav was also on the sidelines inspiring.

In fact I am of the opinion that India avoided the whole financial meltdown due to Ram(s) and Laxman

[ramshorns]

It clearly is an unfair tournament. I am amazed that ipl still has supporters. It seems more like the wwf at this time since results are skewed in savor of teams like Mumbai and chennai.

The fact that Mumbai was allowed to carry 5 foreign players which is clearly against the rules. The fact that they allow players to make side deals makes a mockery of the salary cap rules.

This is crap and I for one would root for this ipl season to fail.

It is always unfair CP when you are dealing with BCCI. It is lesser of the 2 evils.  Dalalmiya was worst, now these guys are only slightly better but that is not saying much. 

We are lucky to have greats like VVS, RD give us Eden 2001, Adelaide 2003, Durban 2011 moments despite all this. Or the WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years.

Correction1 - "now these guys are only slightly better  because of VVS had a halo effect on Pawar , in fact he was regularly shagging off to VVS portrait , the shiny teeth always turned Pawar on"

Correction2 - "Or the VVS inpired WC delivered by MSD, SRT, VS, GG 10 months back after a gap of 28 years. It took Laxman's entire youth to give India a cherished WC"

I think Shivlal Yadav was also on the sidelines inspiring.

Now you are talking like a Ganguly fan devoid of any sense.

[vincent]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

[cricinfo]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

Well the money is coming from somewhere for sure to sponsor teams, build township etc etc

[dhruvdeepak]

btw i just had a thought.

wont it be fun if India's new jersey has INDIA CEMENTS painted across it 

[ramshorns]

Well, RR did retain 2 biggies. Warne and Watson. Watto was in the peak of his prowess. It is no longer a question of richness. The cheapest franchise was RR and it cost a hell lot, some 10-15 crores spent extra to retain/buy players wont mean much. It was the mistake of BCCI to accept the retention policy of MI/CSK which has led to all these mess. Did u have something of this kind in the first 3 editions. Infact  in the first 3 editions, the so called rich teams were sulking that they got short changed with the icon policy.

the western cronies and Srini bastard make sure CSK and MI have the best of everything. I am happy Sahara has shown middle finger. I wish some other franchisee owner had the balls to unite and make an united revolt against these idiots

Yes that is what you would want but then on the other hand you want the pathetic Ganguly to play even if it means begging.  And by the way Srini bastard is much better than Dalalmiya dick head.  So the revolt should have started back then and you want it now just because Dalal when he was the headhoncho backed the medicore Gangu.  Nice.

[ramshorns]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

Look just as BCCI is no saint, Sahara is no saint either in all this.  It is good atleast in this case IPL CEO(that is not Srinivasan) did what is fair for all franchises by not making the Yuvraj exception which means in this auction Pune would have sat with a bigger purse that would have put other franchises at a disadvantage in the auction.  How can that be allowed to happen just because allegedly CSK or MI made out with some exceptions in the past.

I think in the end game it is good to make a fresh start doing away with Sahara after all this whose pulling the plug with a tantrum like this comes across as petulant in the 11th hour.  It is very clear that it was a premeditated move.

[ramshorns]

I dont want IPL to fail. It has given cricketers option to make money. Four hrs entertainment to people. Economic boom in cities.

Do not worry, IPL will not fail.  Sahara is not the only player in all this.  They made a premeditated move.  I will not be surprised if they make a 'U' turn here once the emotions die down.

IPL is in its infancy stages and just as all things in India it is not perfect.  All said and done the IPL will thrive in the end game and to me it is a good entertainment and livelihood for the fringe players and local businesses to blossom in the areas where the games are hosted.

[ruchir]

Dear Rams Sweetheart
........

Paging RJ...

Hey man, I don't wanna come in the middle of a lesbian lovefest.

[ruchir]

it seems like other franchises like mumbai and bangalore were getting what they wanted but pune actually had good reason to be pissed that they can't even swap out yuvraj. to me it seems fair. no?

I do not think Bangalore had any advantage. Let us consider this. Gayle was available for all the 10 teams last season. Due to some reason nobody(include RCB) bought him. As luck would have it, RCB had an injury issue and it co-incided with WICB kicking out Gayle. Luckily for RCB, the base price of Gayle was less then the price at which they had bought Nannes. A bigger slice of luck was Gayle firing after being in (mind u, he was there in the first 3 seasons as well but did not play as well as he played last time around). This led to a lot of heart burn amongst many franchises. RCB did not go against any law, the rule about having 1st right of refusal was invoked and he was retained. ( The actual amount might be more but this will lead to several other players as well ie SRT, Dhoni, Raina, Albie, Bhajji). The plain jealousy is coming out now. If Gayle was a super flop last season, I repeat Sahara or anybody else would never have bothered if RCB had retained or left out Gayle

Read the other thread I started. RCB claims it retained Gayle for 500k. That's a joke. Gayle would not willingly give up 500k.

Is it not disclosed that Gayle has been signed as the brand ambassador of the UB group? Legally, this is what he he earns just like Pune has brought Ganguly for 400, Chennai for Dhoni at 1.8, Raina at 1.2, Albie at 500 etc etc

What are you talking about?

what he is talking about is the fact that the "rich" teams have been buying players at an equivalent or lesser price than the ceiling price and then offering them side deals. Gayle will get mad money to be brand ambassador of Whyte and Mackay to compensate him for the loss he made by accepting a 550k offer. that is ridiculous. someone suggested an NFL style pick system. that would be nice. i cannot imagine KKR or RR  competing with the likes of Ambani, India cements or even the deccan chronicle if this continues. imagine, Mumbai could buy SRT for 100k and then make him brand ambassador for reliance XYZ and pay him 3 million for that. what a crock of crap.

That would be yours truly. What I have in mind is enforcement of NFL style salary cap.

Every NFL team has a salary cap of $120 million (for 2011). This cap means total salary of all players in a team should not be more than $120 million. It doesn't matter how much is paid to players individually, the total should not be more than the cap. If a team breaches the cap then it can be fined $5 million, it's contract can be cancelled, it can be stopped from drafting/trading players. If a player retires, cut or traded, then that team's cap is adjusted proratedly.

The kicker here is that NFL monitors monetary transaction of NFL players like a hawk. It doesn't allow situation where RCB can retain Gayle for $500K and then pay him $2.5 mil on the side. If such a thing were to happen in NFL, NFL would not only get to know of it, it would ban Gayle for life and impose sever penalties on RCB.

Even NBA is very strict when it comes to player salaries. Just about every pro league in US monitors the salaries like hawk. They don't even allow agents of other teams to contact players for deals if it is not in the draft/trading period. If such a contact is found out (it always is IMO) everyone concerned is penalized.

I wish such a system is adopted by IPL, but that would be wishful thinking because anything in IND works only if there is corruption in it. 

[cricinfo]

ruchir very good points, but do you expect that hawk to be Ass Srini and Crooked Pawar ? Then best of luck.

[ramshorns]

ruchir very good points, but do you expect that hawk to be Ass Srini and Crooked Pawar ? Then best of luck.

But do not for a second think the guy you have in mind dickhead Dalalmiya to be any better.  He is worse than Srini.  And the crooked Pawar is the one that threw some biksha towards your mediocre hero be it after the last IPL auction when his fanboys were crying on this very DG ridiculing other players because they got picked. And Pawar also got him a second lease of life in 2006 when India never needed *uly in presence of better players like VVS, RD, SRT etc etc.

[dextrous]

Trolling is so 90s.

[Cover Point]

I dont want IPL to fail. It has given cricketers option to make money. Four hrs entertainment to people. Economic boom in cities.

Do not worry, IPL will not fail.  Sahara is not the only player in all this.  They made a premeditated move.  I will not be surprised if they make a 'U' turn here once the emotions die down.

IPL is in its infancy stages and just as all things in India it is not perfect.  All said and done the IPL will thrive in the end game and to me it is a good entertainment and livelihood for the fringe players and local businesses to blossom in the areas where the games are hosted.

As much as it is new, it seems to be built on poor morals. Wen rules in sport. An be changed for some teams it becomes an unfair playing field and then t is not a sport. It is a wwf side show. Yeah that's not fun for me!

[feverpitch]

I dont want IPL to fail. It has given cricketers option to make money. Four hrs entertainment to people. Economic boom in cities.

Do not worry, IPL will not fail.  Sahara is not the only player in all this.  They made a premeditated move.  I will not be surprised if they make a 'U' turn here once the emotions die down.

IPL is in its infancy stages and just as all things in India it is not perfect.  All said and done the IPL will thrive in the end game and to me it is a good entertainment and livelihood for the fringe players and local businesses to blossom in the areas where the games are hosted.

As much as it is new, it seems to be built on poor morals. Wen rules in sport. An be changed for some teams it becomes an unfair playing field and then t is not a sport. It is a wwf side show. Yeah that's not fun for me!

I hate to see discord in the ranks. How can I help 'mend the gap'?   

[cricinfo]

Franchises perturbed by Sahara pullout

A number of IPL franchises have expressed concern about the potential damage to the IPL's image from Sahara Pune Warriors' abrupt withdrawal from the league, with some saying the decision might make sponsors think twice about associating with the tournament in the future. An hour before the player auction on Saturday, Sahara India Parivar cut its ties with the BCCI, withdrawing its sponsorship of the Indian team and its ownership of the IPL Pune franchise. The announcement took the other franchises "completely by surprise" and has thrown the schedule and format of the tournament into doubt again.

"When a franchise like this walks, it is not good for the league," a team administrator told ESPNcricinfo. While he said allowances must be made as the IPL is a new product and, as with any new business, there will be teething problems, he said the reasons "why this is happening are not good".

The Pune Warriors are the fourth team over the past 18 months whose status ahead of an IPL season remains unclear. In 2010, the BCCI terminated Rajasthan Royals and Kings XI Punjab but they took the board to court and won the right to participate in the 2011 IPL. Last September, Kochi Tuskers Kerala became the third team to be terminated, though one of the team's co-owners said last week that they plan to file a case of their own in court and are confident of being part of the 2012 season despite their players having been sold to other teams.

It is this uncertainty over which teams will be part of the league, franchises said, that sends the wrong signal to sponsors and partners. No business likes uncertainty. Franchises typically sign multi-year deals with their sponsors. But if a sponsor can't be sure the team they are backing will remain in the league, they are going to be jittery about committing their money and resources.

The operational details of the IPL - number of matches, dates etc - are up in the air as well but, beyond the logistics, it is the constantly shifting goalposts that add to the confusion. It renders decision-making by both franchises and their partners more difficult because the underlying factors that determine those decisions are unclear. A sponsorship deal for a team that plays 14 matches will naturally differ from one for a team that plays 18 matches. If you can't be sure of the number of matches, it becomes that much harder to put a value on a contract.

Adding to the league's concerns is the fact that the 2011 IPL produced the lowest television ratings of any of the four seasons, an average Television Viewer Rating (TVR) of 3.91 per game, down 29% from 5.51 in 2010. Even the final, which drew a TVR of 6.96, paled in comparison to the 12.85 rating in 2010. It was also the first final to draw a single-digit rating.

Santosh Desai, brand analyst and managing director of Future Brands, said he felt that the 2012 season would be a crucial barometer of the IPL's long-term prospects because of a number of coalescing factors, including the general slowdown of economies around the world and the other problems surrounding Indian cricket at the moment: the national team's poor performances away from home and the loss of the domestic broadcaster. In such a scenario, he said, something like the Warriors quitting the league takes on a larger significance.

"[The IPL] is sentiment-driven. The moment you take away the good cheer, everything looks darker and gloomier. It begs greater scrutiny on the part of the franchises of the harder, more rational aspects of the IPL. From every single quarter there seems to be some reason for doubt. So this could be the most challenging season."

Desai also said a lack of proper governance, going back to when Lalit Modi was the IPL chairman, was part of the problem. "Once you build something, you need a steady hand, someone with a long-term perspective. Auctions are too frequent. If you look at the manner of the BCCI overall, the conflict of interest issues have not been resolved. So certainly governance is an issue."

It's too early, though, to say the IPL itself is in serious trouble. When the NBA went on strike last year, the consensus opinion was that the league's viewership would suffer if and when the league started up again. The strike was eventually called off and six weeks into the 2011-12 season, television ratings are up across the board.

Sahara's issues with the BCCI relate largely to the IPL. In 2008, Sahara's bid for one of the first eight IPL franchises was "thwarted", as it said; in 2010, Sahara successfully bid US$370 million for the Pune franchise but later asked the board for a refund of what it called its "extra bid money" stating that its bid price had been calculated on the basis that 94 matches would be played per season from 2011 onwards but only 74 matches were played last season. Other requests, such as not having player retention to create a "level-playing field" or allowing one extra foreign player for the two new teams were also turned down.

Some are also still hopeful that a compromise can be reached between Sahara and the BCCI. "We sincerely hope the parties come to a consensus and a solution is reached in the best interest of the league and cricket," a franchise official said.

http://www.espncricinfo.com/indian-premier-league-2012/content/current/story/552263.html

[Cover Point]

I dont want IPL to fail. It has given cricketers option to make money. Four hrs entertainment to people. Economic boom in cities.

Do not worry, IPL will not fail.  Sahara is not the only player in all this.  They made a premeditated move.  I will not be surprised if they make a 'U' turn here once the emotions die down.

IPL is in its infancy stages and just as all things in India it is not perfect.  All said and done the IPL will thrive in the end game and to me it is a good entertainment and livelihood for the fringe players and local businesses to blossom in the areas where the games are hosted.

As much as it is new, it seems to be built on poor morals. Wen rules in sport. An be changed for some teams it becomes an unfair playing field and then t is not a sport. It is a wwf side show. Yeah that's not fun for me!

I hate to see discord in the ranks. How can I help 'mend the gap'?   

i think you are confused as usual. Its only you commies who have ranks. Us free world people are ..... uhhh ... free to say whatever we want.

[feverpitch]

I dont want IPL to fail. It has given cricketers option to make money. Four hrs entertainment to people. Economic boom in cities.

Do not worry, IPL will not fail.  Sahara is not the only player in all this.  They made a premeditated move.  I will not be surprised if they make a 'U' turn here once the emotions die down.

IPL is in its infancy stages and just as all things in India it is not perfect.  All said and done the IPL will thrive in the end game and to me it is a good entertainment and livelihood for the fringe players and local businesses to blossom in the areas where the games are hosted.

As much as it is new, it seems to be built on poor morals. Wen rules in sport. An be changed for some teams it becomes an unfair playing field and then t is not a sport. It is a wwf side show. Yeah that's not fun for me!

I hate to see discord in the ranks. How can I help 'mend the gap'?   

i think you are confused as usual. Its only you commies who have ranks. Us free world people are ..... uhhh ... free to say whatever we want.

Oh Really. So what are you going to be next? President of the USA?

[feverpitch]

http://forbesindia.com/blog/business-strategy/i-hate-you-like-i-love-you-subrata-roy-and-the-bcci/


I Hate You (Like I Love You). Subrata Roy and the BCCI

02/07/2012 | Business & Strategy

Abhishek Raghunath


Subrata Roy is unhappy. And he’s showing it. The founder and chairman of Sahara India Pariwar has taken on the Board of Control for Cricket in India (BCCI) because of perceived injustices. On Saturday, February 4, just as player auctions for the Indian Premier League were about to get underway, Sahara announced that they would be withdrawing their sponsorship for the national Indian cricket team. They also did not want be a part of the IPL, and decided to hand over their franchise Pune Warriors back to the BCCI.
Everyone was stunned. Sahara has been the one constant with the Indian cricket team in the 2000s. When Sahara announced the withdrawal the media went to town with it. Except that Sahara actually hasn’t withdrawn anything. He’s just announced it. His legal team hasn’t sent the BCCI any notice. Right now he’s sulking in public.
Roy is royalty in his hometown of Lucknow, Uttar Pradesh. He perceives himself as a benevolent raja and from the way he talks, it seems that he values relationships a lot. He is loyal to a fault and expects the same from his partners. The BCCI has been continuously disregarding his pleas and applications since 2008.
Sahara has spent between Rs. 600 crore to Rs. 700 crore sponsoring the Indian cricket team over the last decade. He says the money that he has spent is of no consequence. What matters though is the fact that he was one of the first and staunchest supporters of the BCCI, this was back in the days where the BCCI and cricket didn’t command the kind of rates and brand value they do now. When no one was willing to support Indian cricket, Sahara did.
Naturally, Roy expected Sahara to partake of the golden goose called the Indian Premier League. Instead the BCCI disqualified him on a technicality. “They didn’t even open our bid,” he says. He bid and won the Pune franchise in the second round of the IPL. He asked that auctions be held for all players so that all teams would have a level playing field. The BCCI said no. The number of matches in the last IPL season were cut from 94 to 74. He asked for a pro-rata refund. The BCCI said no. The captain of his team Yuvraj Singh is undergoing chemotherapy after being diagnosed with a tumour. He won’t be playing this season. Roy asked that his team be allowed to spend the money that they would have paid to Singh to buy more players. The BCCI said no. He asked if the team could at least increase a foreign player in the team as the Mumbai Indians had done in the Champions League last year. The BCCI said no. Roy said enough.
“No relationship breaks over one issue. It’s been a long time. It’s enough,” he says. He’s still given the BCCI plenty of time to reconsider their treatment of him and come back with a better proposal. He says that if the BCCI doesn’t find a buyer for the Pune franchise the team will play this IPL season that begins on April 4. Sahara will continue to sponsor the national team until the BCCI can find a new sponsor. His attempted message: Even though you’ve treated me so badly, I am still willing to give you one last chance.
The one individual who can change his mind is BCCI President and owner of the IPL team Chennai Kings, N. Srinivasan. Roy and Srinivasan were haggling into the late hours on Friday, February 3. At a news conference Roy gave us the gist of the conversation. “I presented my point of view. Srinivasan replied, “Most of what happened against you happened when I was not the president.” Roy: “You are now. You can change it.” Srinivasan: “There is nothing I can do.”
Roy and his associates continued talking into the wee hours of the morning. They finally decided to call it off. The BCCI, however, isn’t explaining. N.Srinivasan on news channel Times Now said that the differences with Sahara were only perceptional and they could be solved.
Roy is sure it can. He’s hit the BCCI when it’s at its weakest. After scrapping its contract its Nimbus, the board still hasn’t signed a broadcaster for its matches. The Indian cricket team’s performances in Australia and England have left a lot to be desired. Advertisers and sponsors are not happy with the bang they are getting for their buck. The Kochi franchise has been kicked out from the IPL. Last year the Board tried removing the Rajasthan and Punjab franchisees as well. It didn’t succeed. The much touted Champions League T20 has been a damp squib. Nothing’s working out for the Board.
It wouldn’t be the best thing for the Board if it loses Sahara as well. And Roy knows that. Neither party wants to call it off. The bargaining is on. The final outcome will have to be one in which neither loses face.

[cricinfo]

Sahara open to negotiations as far as Pune Warriors is concerned

NEW DELHI: Sahara Group's chief Subroto Roy on Tuesday said that he is open to negotiations with the BCCI as far as his IPL team Pune Warriors is concerned but made it clear that the group is no longer keen in sponsoring the Indian cricket team.

Sahara India ended its 11-year-old financial ties with the BCCI and also pulled out of the IPL auction last weekend after it accused the Cricket Board of not giving due consideration to its genuine grievances.

"If really needed I will not give a second thought," Roy said when asked if he would like to continue with Pune Warriors this IPL season.

"That's the highest priority in my mind. I don't know what will happen in future years also...anything can happen. But this is certain that players should play, secondly Pune people are so excited for the 1st tournament there...it should have been there...it will happen. Clearly shows Blwe and Subarata Roy are closely connected and running this ponzi scheme together 

"We have to come out with some way or the other...we are very flexible about it and I am sure that when we will sit we will amicably come out with very good solutions that these things should not happen. Right from the beginning I have said my first concern is my team and they have to play this tournament," Roy told an Indian television news channel.

Roy's statement comes a day after BCCI president N Srinivasan said that the board is open to dialogue with Sahara and is willing to resolve the contentious issues.

"(My) first concern is that our players this year should not be deprived of playing IPL. I have already requested BCCI to get them in any organisation fast so that they can play in this IPL. I don't want that BCCI and our team should be in problem in any manner. I am sure when we will sit we will come out with good solutions," Roy reiterated.

Asked about reconciliation with the BCCI, Roy said, "I can't say at this stage. We have to appreciate one thing; we have already announced a huge plan for social work including development of sports which will involve thousand crores of rupees."

One of Sahara's major grievances was the BCCI's refusal to the franchise's request that the price of marquee player Yuvraj Singh -- currently undergoing chemotherapy in US for a malignant lung tumour -- be added to their overall purse for the auction.

"Today minus Yuvraj we don't have one Indian player of the top 12 or 15 and we have to field seven of them. Some teams have 4-5 players. We were deprived of the older teams...last time 16 best players were retained and we had nobody, somehow Yuvraj was with us. Our team wanted (Ravindra) Jadeja but nobody was listening." Huge mistake by Roy, he should not have mentioned Jadeja, Srini bastard already decided he wanted Jadeja in Chennai. Also how dare he not mention ball swinger lakhan(The best indian batsmen who has invented the game of cricket ) as a prospect for replacement of Yuvi.

On the other teams getting benefits that Pune did not get, he said, "My complaint is 100 per cent there, last year only I had said you should open the auctions because there are two new teams and there should be level playing fields.

"In the interest of the tournament I had told them that if all the teams are properly balanced we will enjoy each and every match. It is good for the tournament. I don't know people are taking it as a war."

Asked if the IPL auction is held again, Roy said, "I would have accepted any such negotiation but I have to think twice...I won't be able to do it probably because I have already announced a huge social work with this money and I cannot come back from my commitment."

Talking about conflict of interest with Srinivasan, Roy said, "I should not comment on this. But Mr Srinivasan said that I am very sorry to hear that I want to withdraw. Since he has a team so he said I am away from these decisions or discussions. What I don't understand that he says that he is having a team, he should not involve in these things, but he is the BCCI president also. He has to involve himself.

Roy said he he did not get the respect he deserved from the BCCI.

"Not in one issue but in number of issues they have not given us minimum respect that we deserve.

Talking further about reconciliation with the board, he said, "Even the sponsorship, if you talk about 10 years back it was a bit difficult but now cricket is very rich and there are many people who are interested to be as a sponsor...so I don't think there is any problem. But I have promised them I am not going to walk out till they get the right sponsors."

On glamour of the IPL having limited value than social work, he said, "Cricket sponsorship and the IPL are much more glamorous from the brand image point of view. No comparison. IPL is a very good investment. The decision of pulling out of IPL was not an overnight decision. I had informed the decision of withdrawing almost a month in advance.


http://timesofindia.indiatimes.com/sports/cricket/ipl-2012/news/Sahara-open-to-negotiations-as-far-as-Pune-Warriors-is-concerned/articleshow/11792792.cms

[ramshorns]

"Today minus Yuvraj we don't have one Indian player of the top 12 or 15 and we have to field seven of them. Some teams have 4-5 players. We were deprived of the older teams...last time 16 best players were retained and we had nobody, somehow Yuvraj was with us. Our team wanted (Ravindra) Jadeja but nobody was listening." Huge mistake by Roy, he should not have mentioned Jadeja, Srini bastard already decided he wanted Jadeja in Chennai. Also how dare he not mention ball swinger lakhan(The best indian batsmen who has invented the game of cricket ) as a prospect for replacement of Yuvi.

Arre you are shouting too much.  As I observed you guys are nothing but a bunch of yuppies stuck up on one *uly who begged his way back into the IPL by the courtesy of the so called 'bastard' Srini after getting kicked out of his KKR team last year. And for the record between VVS and Gangu if one has to pick who is the best Indian batsman outside of his lunatic fanbase no one would even consider your *s.  Got it. 

[Libran]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

You wouldn't want to know.. you may not believe it either.
Some one I know attended a high level meeting with the Group.. so the inside story is interesting

[cricinfo]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

You wouldn't want to know.. you may not believe it either.
Some one I know attended a high level meeting with the Group.. so the inside story is interesting

The fact is they have money- so my question is where the money is coming from ...money plant ??

[Cover Point]

http://wiki.answers.com/Q/How_rich_is_Subroto_Roy_the_head_of_Sahara_India_pariwar_and_is_he_owner_of_that_group_or_is_that_a_charitable_organisation

[dave_dj]

I heard that Subrata Roy's dad initially started with what we call cheat fund in India.  Not sure if that is true.   You can look at:

http://en.wikipedia.org/wiki/Sahara_India_Pariwar

[ramshorns]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

You wouldn't want to know.. you may not believe it either.
Some one I know attended a high level meeting with the Group.. so the inside story is interesting

Good to see you are back to post but it is no good if you have some nice inside scoop and do not want to share.  What is the use of taking a kid to a candy store if you are not willing to get them the candy?

[achutank]

http://fraudex-2012.blogspot.in/2011/09/sahara-group-indias-biggest-ponzi.html

Sahara India Is Subroto Roy Indias Madoff?





The above statement is prepared on the basis of provisional Balance Sheet as on 31/03/2010 or 30/06/2010 of Sahara Flagship Group Companies.


Source Sahara group websitelink

http://sahara.in/statement.html

On 30th August 2011 The Sahara group puts out massive full page across the country ads that say that its going to prepay deposits of Rs 73,000 crore, or over $16 billion — which is a little over 1% of India's GDP — by December, four years ahead of the deadline set by the Reserve Bank of India

Now from 6/2010 to 8/2011 theres a gap of 73000-34328=38672 crores raised in one year

thats 8.4 billion dollars Debt increase by the group in less then a year .........

Why does it need that kind of money in a year

Only 2 companies are listed and in this period they didnt raise any money

So how did the group raise that kind of money and more importantly Who is going to get the 16 billion white washed money that sahara will pay out ?

Sahara boasts of having a huge suscriber base ..........mostly the poor of UP

But the poor of UP hardly have enough to cover their own needs much less save and "invest" 70000 crores in groups like Sahara

So WHO REALLY OWNS THE MONEY BORROWED BY SAHARA

Admittedly it has a strong base of agents and touts who help it raise money form the poor and the middle class in UP

But do these people have 8 billion dollars to invest in a year

[achutank]

http://www.indian-share-tips.com/2011/10/subroto-roy-sahara-group-likely-to.html

Subroto Roy Sahara Group Likely to Drown – Be Wary

We are proud of this fact and would like to place this on record that we had asked our readers not to invest in Sahara group and this warning was given to them well more than 3 years+ in advance and to be precise in Sep 2008  After publication of our post even spokesman of Sahara also commented on our post and tried to justify their company actions. You can access this post of ours with Warning - Do Not Invest in Sahara Group and also read the comments by their company spokesman way back in Year 2008. Click on the given link in green.

Now finally the last nail has been dug in the coffin of Sahara as SAT has issued an order against Sahara which will have far reaching consequences. SAT is where appeals against orders issued by market watchdog Securities & Exchange Board of India (Sebi) are heard.

Subrata Roy’s Sahara Group, sponsor of the Indian cricket team, owner of the Pune IPL franchise, part-owner of the F1 Force India team and runner of a shadowy business empire that has fallen foul of two regulators, has got its comeuppance at the Securities Appellate Tribunal (SAT).

On Tuesday, SAT told two of Subrata Roy’s companies, Sahara  Commodity Services Corporation (SCSC, formerly Sahara India Real Estate Corporation) and Sahara Housing Investment Corporation (SHIC), that Sebi’s 23 June order to return all the money they had collected through optionally fully convertible debentures (OFCDs) stands. They have been given six weeks to comply and return the money.

It is likely that the two Sahara companies will have to return nearly Rs 24,029 crore raised via the OFCD scheme. OFCDs are debentures which investors can convert into shares at their option.

The Sebi order of 23 June essentially put a stop to Sahara Group’s Ponzi operations of raising money from here and there to run its various businesses. The order, pronounced by former board member KM Abraham, noted that the two companies, which had a minuscule net worth of a few lakh rupees when they started raising money through OFCDs privately in 2008 and 2009, were planning to collect as much as Rs 40,000 crore between them by bypassing Sebi.

We are glad that our forewarning would have had helped a number of readers get saved from investing in Sahara group and this was only by way of our forethought, vision, planning and correct authenticated sources who provide us with high quality information which is 100% accurate.

[achutank]

http://www.moneylife.in/article/ponzi-schemes-free-for-all/23175.html

Ponzi schemes: Free for all
January 24, 2012 10:42 AM | 
Sucheta Dalal
 
Perplexing lack of regulatory effort

The biggest sources of misleading advertisements are ponzi and multi-level marketing (MLM) schemes. Many of these schemes have a product which acts more like a cover for their mathematically unviable binary selling. Moneylife readers know how MLM schemes ensnare lakhs of people by promising extraordinary returns. We learn from the ministry of consumer affairs that the government is now waking up to the need for better regulation of MLMs and ponzis. At the same time, the powerful Direct Selling Association of the US is lobbying hard for an amendment to the grossly inadequate Prize Chits and Money Circulation Schemes (Banning) Act, 1978 so that international MLMs slip out of its purview. However, the fact that two states—Rajasthan and Meghalaya—have been forced to work on their own laws to curb the loot by ponzis is worrying the government. After all, crippling losses to a large swathe of people who borrow from moneylenders to invest in ponzis leads to a politically explosive situation.

Then there is selling through misrepresentation. One example is the Sahara group’s August 2011 claim that it would repay liabilities of Rs73,000 crore, four months ahead of the RBI-mandated deadline of December 2011 at which time it would have ‘no liability of a single paisa’. The ad did not a carry the company’s corporate logo or name the authorised signatory but drew no censure from RBI.

In December 2011, Sahara issued another advertisement extending the pre-payment deadline to March 2012 making no mention of how much money was paid out, if any. Meanwhile, SEBI is involved in a bruising litigation with two Sahara entities over raising several thousand crores of rupees through optionally convertible debentures issued without approval of or reference to the regulator.

Astonishingly, the biggest legal brains in the country are arguing the contention that companies must be free to raise stupendous sums of money without requiring regulatory approval, if they structure their products suitably. RBI, which ought to have joined SEBI’s battle, watches silently. The reason? Maybe there is something to SEBI director, KM Abraham’s allegation (in a letter to the prime minister) that the finance ministry was interested in scuttling action against Sahara and a few others. While SEBI is certainly fighting on, RBI’s silence is perplexing.

[feverpitch]

Does all the information you all have provided not point to the fact of collusion between legislators, executive, judiciary and big business? How otherwise do people/businesses like Sahara get born and prosper?

As I have pointed out earlier, liberal/electoral democracy has run its course. Today, decisions and deals are struck inside closed doors, the results of which are then presented to the public as fait accompli; or, certain sections of the above, together with everybody's handmaiden the media, indulge in fear mongering or diversionary tactics to get things their way. No one political party is involved. The entire political class, and influential upper echelons of the media, the law (enforcers/police/army and judiciary/lawyers) have been co-opted into this. By the time the common man figures this out, if at all, they are already onto the next scheme.

To that extent, Michael Moore actually gets it spot on, in Capitalism, A Love Story.

[dave_dj]

Does all the information you all have provided not point to the fact of collusion between legislators, executive, judiciary and big business? How otherwise do people/businesses like Sahara get born and prosper?

As I have pointed out earlier, liberal/electoral democracy has run its course. Today, decisions and deals are struck inside closed doors, the results of which are then presented to the public as fait accompli; or, certain sections of the above, together with everybody's handmaiden the media, indulge in fear mongering or diversionary tactics to get things their way. No one political party is involved. The entire political class, and influential upper echelons of the media, the law (enforcers/police/army and judiciary/lawyers) have been co-opted into this. By the time the common man figures this out, if at all, they are already onto the next scheme.

To that extent, Michael Moore actually gets it spot on, in Capitalism, A Love Story.

Same crimes shamelessly happen in USA in organized and legalized fashion.

[Cover Point]

Does all the information you all have provided not point to the fact of collusion between legislators, executive, judiciary and big business? How otherwise do people/businesses like Sahara get born and prosper?

As I have pointed out earlier, liberal/electoral democracy has run its course. Today, decisions and deals are struck inside closed doors, the results of which are then presented to the public as fait accompli; or, certain sections of the above, together with everybody's handmaiden the media, indulge in fear mongering or diversionary tactics to get things their way. No one political party is involved. The entire political class, and influential upper echelons of the media, the law (enforcers/police/army and judiciary/lawyers) have been co-opted into this. By the time the common man figures this out, if at all, they are already onto the next scheme.

To that extent, Michael Moore actually gets it spot on, in Capitalism, A Love Story.

I cant imagine anyone saying that India's political or capitalist system works. Clearly India does not have a capitalist society ... it is a corrupt society and no one would disagree that they are all crooks.

BUT, what I love about these commies is that they will just hilite this BUT not provide any alternatives? Is it better to be screwed by Stalin? Is it better to be screwed by the govt (and its chosen few) in a commie society where they dont even pretend to be giving you any rights?

If someone comes around and says that corruption needs to be rooted out and they want to do something about it (like Anna Hazare did) a lot of people will fall behind them. This despite that whatever Anna tried to do did not work.

The problem is not with capitalism. It is with corruption and influence. And that corruption and influence is going to be at play irrespective if you are a ugly commie or a beautiful capitalist!

[feverpitch]

Does all the information you all have provided not point to the fact of collusion between legislators, executive, judiciary and big business? How otherwise do people/businesses like Sahara get born and prosper?

As I have pointed out earlier, liberal/electoral democracy has run its course. Today, decisions and deals are struck inside closed doors, the results of which are then presented to the public as fait accompli; or, certain sections of the above, together with everybody's handmaiden the media, indulge in fear mongering or diversionary tactics to get things their way. No one political party is involved. The entire political class, and influential upper echelons of the media, the law (enforcers/police/army and judiciary/lawyers) have been co-opted into this. By the time the common man figures this out, if at all, they are already onto the next scheme.

To that extent, Michael Moore actually gets it spot on, in Capitalism, A Love Story.

I cant imagine anyone saying that India's political or capitalist system works. Clearly India does not have a capitalist society ... it is a corrupt society and no one would disagree that they are all crooks.

Lassiez Faire Capitalism has never existed in the exact sense, ever. In that sense, all so-called-capitalist models are distortions of the same. Nevertheless, they are all touted as prime examples of capitalist economies, till some genuine criticism comes the way. At which time, self appointed guardians like yourself come out to defend the non-existant ideal, and suggest some small systemic changes, if at all, that can create a temporary safety valve to let out some steam.

As I pointed out (and DaveDJ agreed), Michael Moore's film gets it right on that count. So it is not about India alone, but all other capitalist economies, including the grand daddy of them all the USA.

BUT, what I love about these commies is that they will just hilite this BUT not provide any alternatives? Is it better to be screwed by Stalin? Is it better to be screwed by the govt (and its chosen few) in a commie society where they dont even pretend to be giving you any rights?

But I don't expect you to understand that. You've invested too much of emotional and financial resources into believing in what you've been drilled with. So keep up with your diversionary tactics—hope that convinces you in the least and lets you sleep well. Maybe you're also getting paid for it, like Israeli trolls, who knows?

As for alternatives, capitalism as TINA isn't working that well, right? And in any case, I have posted several times about possible alternatives, but that would require you to read, comprehend and remember—and I trust you to be incapable of either.

If someone comes around and says that corruption needs to be rooted out and they want to do something about it (like Anna Hazare did) a lot of people will fall behind them. This despite that whatever Anna tried to do did not work.

Are you fully in agreement with Anna or not? Do answer in yes or no.

And if you think the answer is more complex than that, then remember, that might also be the case with other questions facing other people.

The problem is not with capitalism. It is with corruption and influence. And that corruption and influence is going to be at play irrespective if you are a ugly commie or a beautiful capitalist!

No. Capitalism BREEDS the particular type of corruption you're talking about. What's happening in India now is roughly the same as what happened in the US in the late-19th century, in the period of the robber barons and carpetbaggers. Not that the successive bailouts given to big business in the recent past, and the public exhortations to support such moves by Congressmen in the US, is much different. When the going gets tough, the biggies are all out with their begging bowls.

[cricinfo]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

Look just as BCCI is no saint, Sahara is no saint either in all this.  It is good atleast in this case IPL CEO(that is not Srinivasan) did what is fair for all franchises by not making the Yuvraj exception which means in this auction Pune would have sat with a bigger purse that would have put other franchises at a disadvantage in the auction.  How can that be allowed to happen just because allegedly CSK or MI made out with some exceptions in the past.

I think in the end game it is good to make a fresh start doing away with Sahara after all this whose pulling the plug with a tantrum like this comes across as petulant in the 11th hour.  It is very clear that it was a premeditated move.

Good that Sahara (a dubious business) showed middle finger to another not so dubious business BCCI , at least players will get to play. I am keen to see who all Sahara plan to bring in for Pune with the extra money!

[dextrous]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

Look just as BCCI is no saint, Sahara is no saint either in all this.  It is good atleast in this case IPL CEO(that is not Srinivasan) did what is fair for all franchises by not making the Yuvraj exception which means in this auction Pune would have sat with a bigger purse that would have put other franchises at a disadvantage in the auction.  How can that be allowed to happen just because allegedly CSK or MI made out with some exceptions in the past.

I think in the end game it is good to make a fresh start doing away with Sahara after all this whose pulling the plug with a tantrum like this comes across as petulant in the 11th hour.  It is very clear that it was a premeditated move.

Good that Sahara (a dubious business) showed middle finger to another not so dubious business BCCI , at least players will get to play. I am keen to see who all Sahara plan to bring in for Pune with the extra money!

who is left? aakash chopra?

[cricinfo]

I am not so sure if this SAHARA is a real business. We do not actually know how they make their money or lose it.

Look just as BCCI is no saint, Sahara is no saint either in all this.  It is good atleast in this case IPL CEO(that is not Srinivasan) did what is fair for all franchises by not making the Yuvraj exception which means in this auction Pune would have sat with a bigger purse that would have put other franchises at a disadvantage in the auction.  How can that be allowed to happen just because allegedly CSK or MI made out with some exceptions in the past.

I think in the end game it is good to make a fresh start doing away with Sahara after all this whose pulling the plug with a tantrum like this comes across as petulant in the 11th hour.  It is very clear that it was a premeditated move.

Good that Sahara (a dubious business) showed middle finger to another not so dubious business BCCI , at least players will get to play. I am keen to see who all Sahara plan to bring in for Pune with the extra money!

who is left? aakash chopra?

You want me to mention ? please dont!

[12th_Man]

http://www.cricbuzz.com/cricket-news/49655/bcci,-sahara-arrive-at-an-agreement
BCCI, Sahara arrive at an agreement:
Joint statement from BCCI and Sahara

BCCI and Sahara have had extensive discussions over the past few days and are happy to confirm the following:

BCCI took note of the various requests of Sahara and has agreed to the following:

1. To extend the trading window, which was due to close on Friday 17 February, until Wednesday 29 February 2012 to give Pune Warriors India the opportunity to have successful negotiations with other franchises as it looks to strengthen its squad.

2. Re-activation of the Auction Purse of Pune Warriors India so that it can take a number of players, subject to the squad composition regulations.

3. BCCI and Sahara agree to start the arbitration proceedings initiated by Sahara through appointment of an arbitrator to address Sahara's claim for a reduction in franchise fee for 74 matches.

4. BCCI does not have any issues with Sahara seeking a strategic partner in the Pune Warriors India franchise, subject to terms of the Franchise Agreement.

5. In respect of their request to sign overseas players who were not included in the Auction Register, subject to the relevant player regulations, BCCI agrees to the request subject to the views of all other franchise

6. Sahara has requested for one of the play off matches scheduled to be played in Bengaluru to be played in Pune. The right to host the Play Off matches is awarded to the finalists from previous edition, in this case Royal Challengers Bangalore. BCCI is in principle agreeable to host one of the Play Off in the new Pune stadium subject to the consent of RCB.

7. Sahara has requested to furnish the Bank Guarantee against the Franchisee fee in two installments; BCCI will consider it at the next available opportunity.

8. Notwithstanding the recent working committee decision rejecting 5 foreign players in the playing XI, in consideration of the exceptional circumstance and the non-availability of Mr. Yuvraj Singh, Sahara has offered to obtain the consent of all the franchises for the submission to the BCCI.

BCCI, in line with its normal practice, will continue to engage with all franchises to find ways to enhance the competitiveness of the league and improve the fan experience.

Sahara confirms that it will continue sponsorship of the Indian team. Sahara may want to exercise its right to assign the sponsorship as per the agreement.