Rendezvous Sports World

Rendezvous Sports World (RSW) is a new cricket franchise in the Indian Premier League which has 10% of equity on Kochi IPL Team. Rendezvous Sports World Limited is a consortium made up of multiple companies. It had made the winning bid of USD 333 million in a global invitation to tender process called by the IPL for two new franchises from IPL season 2011.[1]

In April 2010, it threatened to sue IPL commissioner Lalit Modi for breaking confidentiality terms by disclosing details of the stakeholders in the new Kochi IPL team on the micro-blogging website Twitter.[2]


Modi further revealed that of the Rendezvous 25% free, 18 percent share (4.5% of total equity worth Rs. 70 Crores) is held as sweat equity by Sunanda Pushkar, who was then a female friend and later wife of Congress Politician Shashi Tharoor.[3][4] Later amidst demands for Tharoor's resignation from the Union Cabinet by the opposition parties for alleged corruption,[5][6] Sunanda Pushkar "voluntarily" gave up the sweat equity.[7]

References

  1. ↑ "Indian Premier League | IPLT20 Two new franchises revealed". Iplt20.com. Retrieved 2010-11-23.
  2. ↑ "Rendezvous Sports World threatens to sue Modi - Rediff.com Sports". Cricket.rediff.com. 2010-04-13. Retrieved 2010-11-23.
  3. ↑ Satish Nandgaonkar And Our Business Bureau (2010-04-15). "The Telegraph - Calcutta (Kolkata) | Frontpage | Sweat claim turns up heat Sunanda not an employee: Consortium". Telegraphindia.com. Retrieved 2010-11-23.
  4. ↑ "Ownership Details of Rendezvous Sports World – Kochi IPL Franchise". Reshap.com. 2010-04-14. Retrieved 2010-11-23.
  5. ↑ 16 Apr, 2010, 01.59PM IST,IANS (2010-04-16). "BJP insists on Tharoor's resignation - The Economic Times". Economictimes.indiatimes.com. Retrieved 2010-11-23.
  6. ↑ "Left parties demand Shashi Tharoor's resignation - India - DNA". Dnaindia.com. 2010-04-14. Retrieved 2010-11-23.
  7. ↑ Special Correspondent (2010-04-18). "The Hindu : Sport / Cricket : Sunanda's surrender of sweat equity seen as "admission of guilt"". Beta.thehindu.com. Retrieved 2010-11-23.

External links


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