IPL - Indian Premium League, a Lavishing Cricket Tournament which just finished its three Years and Claimed to be grown to sixth biggest Tournament in the world in Three Year

This story is one the most complicated story so far in the year, where you have The CEO from IPL, Ministers and all kind of Messed up crap - hope this will simplify some things out

The story begins on 12th April when IPL commissioner Lalit Modi tweeted the details of the owners of the newly formed Kochi franchise. One of those name was that of Sunanda Pushkar, a close friend of Minister of state External affairs Mr Shashi Tharoor who was given a 4.9 % worth free share on sweat equity. Modi also mentioned that he was asked not to get into the details of the stake holders by Mr Tharoor. Tharoor denies the allegation saying he played the role of the mentor to bring IPL to his home state.

The mercury rises on April 13th with Mr Tharoor tweeting that he had had enough. In a press release he said that Rendezvous Sports included many members, many of whom he didn’t know and Sunanda Pushkar whom he knew very well. On the other front, Vivek Venugopal, co-owner, Kochi IPl team accused Modi of breach of confidentiality of agreement asking him to reveal the shareholding structure of other teams. BCCI decided to step in. President Shashank Manohar rebuked Modi for public disclosure. Modi replies saying that the Kochi owners were liars and have a lot to hide.
 
On 14th April, Sunanda Pushkar, who had been seen with the minister at various public outings, lashed at the media for ignoring her professional experience. Tharoor adds another twist claiming that he had received death threats through SMSs. Shailendar Gaekwad CEO Kochi franchise spiced things further claiming that Modi offered them $50 billion to let go of the team. He also alleged that Modi wanted to take the team to another city.

On 16th April, Congress Jump in as the case was taken to the Parilament. Tharoor presents his case in front of the Parliament but the opposition is in no mood to listen. He later presented his statement outside the Parliament.

On the 18th of April, Prime Minister of India Manmohan Sing Jump in, Congress demand resigination. Tharoor, under pressure from the opposition and the media, resigns as Junior Minister and hands in his papers to the Prime Minister. On the other hand, Lalit Modi was in the eye of a storm with IT officials raiding his office and home and the office of the Punjab team. BCCI also tightens the screws saying that Modi’s wings may be clipped with speculations ripe that Shashank Manohar may be made the Co-Commissioner. Modi is also accused of having stakes in other teams.

20th April sees the defiant face of Modi as he returns to Mumbai from Dubai and says that every thing was fine. The brave-faced IPL Commissioner also says that he would answer all questions in the IPL Governing Council meeting which is scheduled to be on the 26th. He gets support from some team owners like Vijay Mallya of the Bangalore team and Subroto Roy of the Pune team. Meanwhile, the IT officials summon the documents of the other franchisees.

On the 21st of April tax officials survey the offices of World Sports Group and Sony Multi Screen Media; the broadcasting partners of the IPL. Another story crops up; the Adani group who unsuccessfully bid for a team said that their bidding papers had gone missing and that IT officials were on the hunt.

On the 22nd of April, Manohar defends BCCI treasurer, IPL Governing Council Member and Chennai team owner. Modi had pointed out that the India Cements boss had a direct conflict of interest and he had no business convening a General Council meeting. The battle lines are clearly drawn.

On the 24th of April, Modi is all set to take the BCCI to court over the April 26th meeting. As the day passes, Modi tones down and decides against a legal step for the time being- requests the Board to give him five more days to prepare his case for the allegations. On the same day, the Airtel CL T20 Governing Council meets but Modi skips it.

On the 25th of April, the BCCI meets to decide on the strategy for the Monday meeting- rounds up allegations and agenda against Modi. A defiant Modi also decides to attend the meeting and set a note of agenda to the Governing Council members.


Moral 1 - Modi Make ths System (IPL) - Great work to what ever he and How me Made IPL a Hit... But the problem is he wanted to get bigger than the system, So as a result the System Cut him down.

Moral 2 - Think Twice before you put something in public.... Twitter, Facebook and PJ .. Privacy!!

Timeline from anothe source:


March 7: BCCI cancels IPL franchise tender process after objections over stiff financial clauses. Asks for fresh bids.

March 21: New bids opened; Sahara wins Pune, Rendezvous group gets Kochi for $333.33 million. Shashi Tharoor, an MP from Kerala and junior foreign minister in the Congress government, plays mentoring role.

Interim: Reports suggest Rendezvous' surprise bid has upset bigger players. Tharoor reportedly meets Congress leaders, asks them to ensure pressure eases on Kochi owners and says he has no personal material stake in franchise.

April 9: Media reports say IPL raises questions over Kochi's shareholding pattern, asks Rendezvous to clarify its ownership structure.

April 10: Kochi owners meet Modi in Bangalore, sign formal agreement to be part of IPL, and disclose ownership structure.

April 11: Modi reveals Kochi's shareholding pattern on Twitter. Says one shareholder is Sunanda Pushkar, whom Tharoor says he "knows well".

April 12: Kochi complains to BCCI over Modi's revelations. BCCI chief Shashank Manohar criticises Modi, who defends himself by saying no breach of propriety.

April 12-13: Tharoor issues statement denying personal stake in Kochi and alleges Modi wants the franchise moved out.

April 14: In his first public statement since the controversy broke, Modi says he disclosed Kochi's shareholding pattern because of the general confusion over the details.

April 14: The controversy grows when Kochi CEO alleges Modi offered them $50 million to "quit the game and get out" after their successful bid.

April 15: Income Tax officials visit BCCI headquarters in Mumbai and conduct an eight-hour operation in the IPL office and Modi's residence to inquire into funding for the IPL.

April 18: Tharoor resigns as minister, a result of conflict-of-interest allegations in his mentoring Kochi. Pushkar, Tharoor's close friend, gives up her 4.7% "sweat equity" stake in the franchise.

April 19: India's finance minister says all aspects of the IPL are under scrutiny. The statement comes amid allegations of financial impropriety against Modi.

April 20: An IPL governing council meeting is convened by BCCI secretary N Srinivasan for April 26 to decide Modi's fate. Modi calls meeting invalid and says he won't attend, BCCI disagrees.

April 21: There are raids by I-T officials at offices of MSM and WSG, who hold the IPL broadcast rights. They also visit offices of the Punjab, Kolkata and Deccan franchises. Modi is questioned about a multi-million dollar contract for the league's broadcasting rights.

April 23: Former BCCI chief AC Muthiah files petition in the Supreme Court challenging the Indian board's rules that permit BCCI and IPL administrators to own league teams. Srinivasan, the board secretary, also owns the Chennai franchise.

April 24: Top BCCI officials skip the IPL Awards in Mumbai. All indications are they will attempt to oust Modi at the meeting.

April 25: Modi agrees to attend governing council meeting and releases an agenda that includes a request for all complaints to be supported by documents.

April 26: The BCCI serves a suspension notice to Lalit Modi upon the conclusion of the IPL final, following several allegations of financial misconduct over the past fortnight.

Twitter is same as speaking out loud in public - And if you spoke of stuff that is questionable you are screwed