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Mallya's RCB for sale: Jindal says NO!
By: Tupaki Desk | 17 July 2015 11:59 AM GMT
Jindal Group which has interests in steel, power and etc., dropped its plans to acquire IPL Franchise Royal Challengers Bangalore on grounds that it doesn't want to damage its reputation by associating with a corruption-hit tourney.
Earlier, Billionaire Sajjan Jindal's JSW is in talks with Diageo to obtain United Spirits (run by liquor baron Vijay Mallya) stake in Royal Challengers Bangalore for $100 million.
Parth Jindal, son of Sajjan Jindal, made it clear JSW doesn't want the brand to be associated with IPL that is so tainted at the moment. Vijay Mallya can't get a bigger shock than this sudden U-turn.
Jindal Group's decision came just few days after Justice Lodha Committee appointed by Supreme Court suspending Chennai Super Kings and Rajasthan Royals for two years apart from life term ban on Murunath Meiyappan and Raj Kundra for alleged involvement in betting and spot fixing.
Earlier, Billionaire Sajjan Jindal's JSW is in talks with Diageo to obtain United Spirits (run by liquor baron Vijay Mallya) stake in Royal Challengers Bangalore for $100 million.
Parth Jindal, son of Sajjan Jindal, made it clear JSW doesn't want the brand to be associated with IPL that is so tainted at the moment. Vijay Mallya can't get a bigger shock than this sudden U-turn.
Jindal Group's decision came just few days after Justice Lodha Committee appointed by Supreme Court suspending Chennai Super Kings and Rajasthan Royals for two years apart from life term ban on Murunath Meiyappan and Raj Kundra for alleged involvement in betting and spot fixing.
