Modi tweets details of Kochi's team's stakeholders

NEW DELHI: Indian Premier League commissioner Lalit Modi has revealed the details of the stakeholders in the new Kochi team which is to join the next year's edition.

The team that was last month sold for Rs.1530 crore has Minister of State for External Affairs Shashi Tharoor's close friend Sunanda Pushkar owning 18 per cent free equity.

Rendezvous Sports World, one of the partners in the consortium, has 25 per cent of the franchise for free; of this 18 per cent is given to Sunanda and the balance is divided among three other Rendezvous members.

Modi in his tweets claims he was asked not to get into who owns the Rendezvous.

"I was told by him (Tharoor) not to get into who owns Rendezvous. Specially Sunanda Pushkar. Why? The same has been minuted in my records," he tweeted.

Modi says he will soon be presenting a report on the issue to the IPL's governing council.

The Kochi franchise has intrigued all and sundry about the people involved in buying the team.

Tharoor had emerged as a surprise wellwisher of his state team but has maintained that his role is restricted to one that of "a mentor."