Anant Goenka: The Curse of the Indian Premier League -- And the Lesson It Brings
Huffington Post - over 5 years
While I don't believe in curses and the like, I couldn't resist the title.
The sale of the Deccan Chargers by ailing media conglomerate Deccan Chronicle to Mumbai-based real estate company Kamala Landmarc, and the non-bailable arrest warrant issued to the Royal Challenger's team owner Vijay Mallya by the Hyderabad court today, brings to light the fact that almost every team owner and personality associated with the Indian Premier League (IPL) are in some kind of trouble.
Delhi's GMR is struggling with tax-avoidance issues and under the scanner of the CAG, Mumbai's Reliance Industries has been the most under-performing stock on the Sensex over five years (that's not as grave as the others, but within Reliance it's unheard of), Sahara -- which has flourished, unquestioned, despite its dubious sources of funding for over 20 years has been ordered to return Rs. 24,000 crores to its investors, not a single of Rajastan Royal's owner Raj Kundra's new businesses of the past ...
Article Link: Huffington Post article