King’s XI Punjab going to join owner Mohit Burman
On Tuesday IPL owners looked over to sell the team of King’s XI Punjab if valuation is more than $250 million. Co-promoter Wadias spokesperson said that there is no reports to sale of stake by promoter.
Burman, Director of Dabur said – “The teams have now been auctioned for as much as $370 million. So why not if have a good offer that is substantially more than $250 million. But we have no offer… there is no buyer.
Wadia Group spokeswoman said- “The news of stake sale by the promoters of KXIP is not correct… IPL Team Kings XI Punjab continues to be co-owned by a consortium which includes industrialists Mohit & Gaurav Burman, Karan Paul, Ness Wadia and leading Indian actor Preity Zinta.”
After the high bidding of Pune’ and ‘Kochi’, promoters of KXIP were seeking to exit.
Burman said- “Not before the tournament is over… It may be possible this year.”
Posted on March 24th, 2010 by admin
Filed under: IPL News
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