#Lucknow Super Giants Owner Sanjiv Goenka

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Rs 50 Crore Earmarked For Rohit Sharma By LSG In IPL? Sanjiv Goenka Says, "Whether Mumbai Indians..... - NDTV Sports

Rs 50 Crore Earmarked For Rohit Sharma By LSG In IPL? Sanjiv Goenka Says, “Whether Mumbai Indians…..  NDTV Sports LSG owner Sanjiv Goenka addresses possibility of blockbuster Rohit Sharma move, reacts to bizarre ‘INR 50 crore’ report  Hindustan Times R Ashwin drops hint about Rohit Sharma’s future with Mumbai Indians in IPL 2025  cricxtasy.com `If Rohit Sharma Is Coming…,` Lucknow Super Giants…

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Mohun Bagan claim fans with green-maroon jerseys denied entry during KKR vs LSG IPL match | Cricket News

NEW DELHI: Mohun Bagan, the century-old football club, has accused Kolkata Knight Riders (KKR) of high-handedness and curbing the freedom of their fans from entering Eden Gardens while wearing the club’s iconic jersey. The incident unfolded during the match between Lucknow Super Giants (LSG), which shares common owners with Mohun Bagan in the RP Sanjiv Goenka Group, and KKR on Saturday in the…

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Kohli-Gambhir clash: Is their fine cost greater than that of their salary?

The BCCI has declared that Kohli as well as Gambhir are guilty of a Level 2 offense and has imposed an amount equal to 100 percent match fee on both of the players. Calculated using a pro-rata method and taking in Kohli’s annual income of around 15 crores, the cost for a match would be about 1.07 crore, and he could be penalized that amount for the Lucknow incident.

The figure was calculated using 14 games played in an entire season. In the event that Royal Challengers Bangalore qualify for play-offs and advance further in the play-offs, the amount of a match fee would differ and depend on the number of games that are played by this franchise in the course of the season, as well as the division of its annual fee.

According to an estimation, Kohli is set to lose about one crore to the tune of Rs 1 crore in the incident of May 1. What happens if he does not? The answer is “No”. The procedure differs between franchises, but in the instance of Kohli and RCB, Cricbuzz can confirm that they will not need to share any IPL earnings. The management of the franchise will shoulder the responsibility. “Players put their bodies on the line for the team and we respect that and as a culture, we don’t cut the fine from their salaries,” an RCB source informed Cricbuzz.

The amount of money Gambhir receives is not disclosed, and the amount of Rs 25 lakh he receives as his fee for a single match is the subject of speculation. People who are familiar with the functioning of Lucknow Super Giants say the commercials between the franchise and its coach (Gambhir) are not divulged as it is entirely between Gambhir and the owner Sanjiv Goenka. One could conclude that even in the scenario of Gambhir and the match fee is not likely to come from his income. The franchise has been set to pay.

Similar systems are common in other franchises too and, in some cases, all franchises, and one franchise has stated that they do not plan on cutting the match fees of an individual, even if the penalty is based on the slow over rate. However, in different teams players are required to pay for their indiscipline and also the captain for inability to finish all infractions in time. The suggestion came from the captain of one team that in the event of a late conclusion of a game the entire team had to pay the penalty collectively, however, it was rejected.

This is how the system of fines works in IPL The process is as follows: At the conclusion of every season the BCCI issues an invoice for all fines imposed on teams and the franchise then pays the fine. Whether to subtract it from a certain player’s salary is an internal decision of the team. However, when the franchise is taking responsibility in many cases, there is a sense that fines aren’t being used as deterrents. Most of the people made a suggestion to Kohli as well as Gambhir to end the word war between them.

New information puts Naveen in the spotlight

The new details that have been revealed about the incident do not show Naveen-Ul-Haq to be innocent. The Afghan cricketer, who has had a history of fighting in different leagues but most notably in the PSL as well, is thought to have hurled abuse towards Kohli who, as per his habit and a ‘banter’ at batsmen of the opposition while LSG were trying to score 127 for an advantage.

The moment of the flashpoint was in the 17th over, and Naveen’s behavior at that moment is extensively discussed in discussions in the IPL circles. The bowl delivered by Mohammed Siraj was disclosed as no ball as it bounced at him. This tense atmosphere carried on to post-match handshakes, which is how the situation heated.

Naveen has been fined a 50% of the match fees, which could amount to about 1.8 lakh if his salary of Rs 50 lakh per season.

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Lucknow Super Giants Players List: Lucknow Super Giants pleased with 'multi-utility' squad | Cricket News

Lucknow Super Giants Players List: Lucknow Super Giants pleased with ‘multi-utility’ squad | Cricket News

NEW DELHI: Lucknow Super Giants are pleased they could stick to the plan of bagging “high performance, multi-utility” players in the IPL auction, according to franchise owner Sanjiv Goenka and head coach Andy Flower. The KL Rahul-led Lucknow had a very good first day at the IPL auction, probably the best among all franchises, and followed it up on Sunday with the handy Rs 2 crore purchase of…

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The franchise had earlier picked India's limited over vice-captain KL Rahul, Australian all-rounder Marcus Stoinis and young leg-spinner Ravi Bishnoi as their draft pick.

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US fund and Indian tycoon bid more than US$1.6 billion for new IPL teams

A controversial US capital venture fund and an Indian tycoon on Monday (Oct 25) bid more than US$1.6 billion (S$2.16 billion) between them to set up two new teams in the Indian Premier League, the world's richest cricket tournament.

Sanjiv Goenka, whose RPSG conglomerate includes power, music and plantation concerns, offered more than US$930 million at an auction in Dubai to set up a team in the Indian city of Lucknow, the IPL said.

CVC Capital partners promised more than US$690 million to set up a team in Ahmedabad at the world's biggest cricket stadium.

The IPL will increase from eight to 10 teams from 2022 as it seeks to capitalise on its growing international popularity with increased fees for its television and other rights. The competition will have 74 matches, where each side will play seven home and seven away games.

The winning bids beat 20 other top Indian conglomerates and international concerns such as the Glazer family, owners of English Premier League football giants Manchester United, to secure the new teams.

The Luxembourg-based CVC has a cash chest of more than US$100 billion which it has used in recent years to change international sport. It has already spent several billion dollars to take major stakes in international rugby union and top football properties such as Spain's La Liga championship.

It has also bought into the international volleyball federation, previously owned Formula One and has been in talks in recent months to merge the men's and women's international tennis tours and to take a stake in the San Antonio Spurs National Basketball Association franchise.

"It is good be back in the IPL and I am delighted," RPSG owner Sanjiv Goenka told cricket website ESPNcricinfo. "It is an initial step. We now have to build a good team and perform."

Sourav Ganguly, president of the Board of Control for Cricket in India, which runs the IPL, said it was "heartening" to see the teams sold for "such a high valuation".

"It reiterates the cricketing and financial strength of our cricket ecosystem," he said.

He argued that the involvement of two foreign bidders, CVC and the Glazers, "strongly emphasises the global appeal of the IPL as a sports property".

"The IPL is proving to be a wonderful instrument in globalising the game of cricket," he added.

RPGS owns one of India's top football teams, Mohun Bagan, and used to be part of the IPL with the Rising Pune Supergiants, which took part in the tournament when two teams were banned in 2016-2017 over a corruption scandal.

Members of the two teams were charged with illegal betting and spot-fixing.

The IPL has been dogged by other corruption and gambling scandals. But it attracts huge TV audiences in India, and has spawned T20 tournaments around the globe.

Its brand value was estimated at US$6.7 billion in 2019 by the Duff and Phelps financial consultancy. Before the coronavirus pandemic, it was estimated to generate more than US$11 billion for the Indian economy each year.

This year, the eight-team competition was halted close to its halfway stage in May after two franchises reported Covid-19 cases. The second half was subsequently shifted to the United Arab Emirates, with the Chennai Super Kings, led by former India captain Mahendra Singh Dhoni, winning their fourth IPL title by beating the Kolkata Knight Riders in the final in Dubai.

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LSG owner Sanjiv Goenka breaks silence on KL Rahul's future at IPL franchise amid endless rumours: 'All I can say is..' - Hindustan Times

LSG owner Sanjiv Goenka breaks silence on KL Rahul’s future at IPL franchise amid endless rumours: ‘All I can say is..’  Hindustan Times KL Rahul meets LSG owner Sanjiv Goenka as IPL retention talks gain momentum  Cricbuzz KL Rahul and Lucknow Super Giants owner Sanjiv Goenka meet with retention talk in the air  Telegraph India Lucknow Super Giants Press Conference, Live Updates: ‘KL Rahul is…