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Shah Rukh Khan Plans To Sell Kolkata Knight Riders

By on April 30, 2009

kkr shah rukh khan

Another controversy has hit the KKR camp after a report claimed that team owner Shah Rukh Khan is considering selling it off.

According to a report published in Business Standard, there have been discussions with Nokia, Sahara, the Anil Ambani Group and various other companies regarding the rights over the KKR team.

KKR was bought by SRK only a year ago at the stake of over USD six million. However, King Khan’s Public Relations manager has refused to confirm any news pertaining to the issue and none of the people who are supposedly approached have confirmed any development.

Business Standard quoted Sahara India’s communication director, Abhijit Sarkar as saying, “We have not been approached by Shah Rukh Khan yet. But if he does we would be happy to buy the team.”

However, D ShivKumar, vice president and Managing Director (Markets), Nokia India has claimed through a message that “ShahRukh Khan will keep the team”, while a Reliance Communications spokesperson said: “A lot of people negotiate with Anil Ambani. I cannot comment unless there is something concrete on table.”

The poor performance by the Knight Riders and the rising cost of keeping the team might have instigated the idea of selling it off.

King Khan may just have to pay double next year as compared to what he is paying right now if the BCCI does not increase the number of teams, according to a Red Chillies official. The total annual cost for the team comes down to about USD two million and because of Kolkata Municipal Corporation and Cricket Association of Bengal interventions the cost for the team has trebled.

The report has also stated that according to initial calculations, Red Chillies had to pay USD 180,360 per match and was supposed to earn USD 601,000 if all stadium tickets were sold at Eden Gardens. Red Chillies had to pay USD 40,000 to the police. The municipal tax had to be paid USD 10,020. So its expenses per match would have been over USD 200,400. But this figure had trebled.

Last year, however, Kolkata Police demanded USD 400,801 as security fees, against almost USD 50,000 that the organisers of the IPL offered. Then, the Kolkata Municipal Corporation (KMC) demanded around USD 50,000 from Red Chillies as amusement tax for holding IPL matches at Eden Gardens.

To settle the dispute between Kolkata Police and the IPL organisers over the cost of security arrangements at Eden Gardens, Red Chillies Entertainment had to agree to pay Rs 75 lakh as security fees.

About 5,500 uniformed personnel and about 1,500 sleuths were deployed to secure the stadium and its surrounding areas, since many celebrities were expected to watch the IPL matches at Eden Gardens.

2 Comments

  1. Kevin

    May 1, 2009 at 7:42 pm

    Hey SRK….. i saw u r interview with Mandira & would love to say that i m u r supporter……… u win or lose but KKR s rock dude.. as u say ‘picture abhi baki hai mere dost………….’ u r team needs u r support & if by chance u need us just close u r eyes and u wil feel our touch…….. always wid u …………
    a KKR Fan….
    (Hope this message gets delivred to u r notice……… Plz reply if u hav seen this)

  2. bharat

    July 11, 2009 at 9:58 am

    hi shahrukh i am bharat kurhe from pune i wish your team kolkatta knight riders in next year all the best , and good play to your team .

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