Indian Businessman, Vijay Mallya bought CPL Franchise for US $100

[aklemalp]

"CMC-Indian businessman Vijay Mallya says he has paid only $100.00 for the Barbados Tridents, a franchise in the Caribbean Premier T20 tournament. "

Shakib played for this franchise in its inaugural year.

This is one of the oddest deals made in cricket history.

He bought the CPL team in February just before stepping down as chairman of United Spirits and subsequently also lost control over IPL franchise Royal Challengers Bangalore.

“By buying the team, me and the other shareholders assumed the obligation to participate in the tournament,” said Mallya.

“Now participation in CPL cost money. So I went to the Barbados government saying I need your support. I met the Prime Minister and the government agreed to support but I paid $100 only to buy the team”.

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[Night_wolf]

lol is this a satire article???

[aklemalp]

Originally Posted by Night_wolf
lol is this a satire article???

nah bro, it's true...even Shahrukh Khan have invested in the Trinidad franchise, Trinbago Knight Riders.. Different sources have confirmed the Mallya purchase.

[Kohli_Sox]

The rest of the money went to Panama duh

[aklemalp]

Originally Posted by Kohli_Sox
The rest of the money went to Panama duh

Well, got to say, geographically speaking, Panama is close to Barbados

[horizon]

This could be very real. A company that makes $2M running cost per year (without any guaranteed return) needs an owner who can cover for that $2 million. That's what was exactly in the deal. That's how loss-making entities are sold.

[epitaph]

Yeah, paid a lot more than $100. He'll be covering debts and losses I'm sure. And is banking on being able to turn it into a profitable venture.

[shub]

Originally Posted by aklemalp
Well, got to say, geographically speaking, Panama is close to Barbados

Have you heard of Cayman Islands? Another reason people like Vijay Mallya goes there. I hope his fate is not like one Mr. Stanford now warming in US prison

[aklemalp]

Originally Posted by shub
Have you heard of Cayman Islands? Another reason people like Vijay Mallya goes there. I hope his fate is not like one Mr. Stanford now warming in US prison

Oh yeah bro...beautiful Caribbean islands...Let's see how this goes...

I remembered Mr. Stanford keenly since my country Guyana won his inaugural tournament....

[shub]

Originally Posted by aklemalp
Oh yeah bro...beautiful Caribbean islands...Let's see how this goes...

I remembered Mr. Stanford keenly since my country Guyana won his inaugural tournament....

Yo bro...your Caribbean is as sweet as honey thats why where there is honey there goes the bees...I heard Vijay Mallya is hiding somewhere in UK and poor Indian govt is unable to get him back.

[aklemalp]

Originally Posted by shub
Yo bro...your Caribbean is as sweet as honey thats why where there is honey there goes the bees...I heard Vijay Mallya is hiding somewhere in UK and poor Indian govt is unable to get him back.

The indian gov't should follow the money trail

[mufi_02]

At $100 sale price, now even I can own 50% of a franchise. Where do I buy it?

[Tigers_eye]

Originally Posted by aklemalp
The indian gov't should follow the money trail

$100 is not worth following. 100 Million then they would be interested.

[aklemalp]

Originally Posted by Tigers_eye
$100 is not worth following. 100 Million then they would be interested.

It's clouded...

[Tigers_eye]

Originally Posted by mufi_02
At $100 sale price, now even I can own 50% of a franchise. Where do I buy it?

Dear Mufi, I'll borrow you a mighty Dollar. Then WE can be the majority stake holder.

[aklemalp]

The American businessmen should take heed out of this oppportunity also...let them compete