15 percent stake in friend’s company puts Dhoni in tight spot

World

New Delhi/June 3
Indian Cricket team captain Mahendra Singh Dhoni name has also cropped up in the ongoing IPL controversy with reports claiming that Dhoni had 15 percent in that manages him, Chennai Super Kings and four Indian cricket team members Suresh Raina, Ravindra Jadeja, Pragyan Ojha and RP Singh. However, RP Singh had denied the reports that he is managed by Rhiti Sports.
As per reports, Rhiti Sports is owned by a close friend of Dhoni, Arun Pandey who had 84 percent in the company while Dhoni has 15 percent stake in the company.
Rhiti sports also manage three other Indian team players, Suresh Raina, Ravindra Jadeja, Pragyan Ojha and if the investigations turn out to be true then it can put Dhoni in a conflicting position.
Dhoni has a 15 percent share in the profits of the firm that is managing these four players and he also has a say in their selection in the Indian Cricket team as the team captain.
This conflict of interest has put Dhoni tight spot, few days after he opted to evade questions regarding ongoing IPL spot fixing controversy.
MS Dhoni has also signed a three-year endorsement and talent management deal of Rs 200 crore with Rhiti Sports few months back and the deal had took him past Sachin Tendulkar in the corporate contract sweepstakes.
Dhoni also holds the position of Vice President of India Cements, a company that owns Chennai Super Kings team.
Earlier, Former BCCI President and presently President of Punjab Cricket Association I S Bindra on Sunday slammed the Board’s Working Committee for allowing N Srinavasan to just step aside instead of resigning.
Bindra called the proceedings a sham and said that he had asked for Srinivasan’s resignation as this sham won’t satisfy the public. “Srinivasan should resign and come back if exonerated,” Bindra said.

Leave a Reply

Your email address will not be published.