Modi under pressure after Twitter comments
IPL commissioner Lalit Modi has landed himself in the middle of a political war of words after revealing the names of those involved in the ownership of the new Kochi franchise.
Just hours after the franchise agreement papers were signed by Rendezvous sports the full details of the ownership group was revealed by Modi on Twitter.
"25% of Kochi team is given free to Rendezvous sports for life," wrote Modi.
"Kochi shareholders are: Rendezvous 25% free, Rendezvous 1%, Anchor 27%, Parinee 26%, Film Waves Combine 12%, Anand Shyam 8%, Vivek Venugopal 1%," he added.
"And Rendezvous free equity - held by Kisan, Shailender and Pushpa Gaikwad, Sunanda Pushkar, Puja Gulathi, Jayant Kotalwar, Vishnu Prasad, Sundip Agarwal."
Modi also said, "There are certain shareholders in the Rendezvous Company who have not been able to answer the question over stakes yet. The agreement has been signed, but we will seek clarification. It's just a matter of time."
The disclosure brought a stern response from Rendezvous sports who threatened legal action claiming Modi had breached a confidentiality agreement by announcing the names of the people involved in the franchise.
Kochi franchise co-owner Vivek Venugopal responded to Modiís claims saying all the information the IPL needed had already been given to them, he added "if there is any other specific clarification they are looking for, we are ready to provide. The agreement has been signed."
The announcement by Modi also caused a war of words with Junior foreign minister Shashi Tharoor who claimed Modi was trying to discredit the team and create reasons to disqualify it so that the franchise can be awarded elsewhere.
The Junior foreign minister helped Rendezvous sports during the bidding process and although Tharoor has no stake in the franchise he said the Kochi team had bid in an "open and transparent" manner.
"Their unexpected success upset the plans of a lot of powerful people, who had wanted the franchise to go elsewhere".
"The unethical efforts that have been made by Mr Modi and others to thwart the Kerala franchise which has been won fair and square in a transparent bidding process are disgraceful," he added.