Sharad Pawar has disclosed that he has a stake in RCB.... This is one of the most absurd things that I could have heard. Holding a few thousand shares in the holding company may technically give him a stake in RCB... But one must realize that going by the above... all shares holders of United Spirits Limited (USL), of which Royal Challengers Sports Private Ltd (RCSPL) is a wholly-owned subsidiary hold stake in an IPL team.
I really don’t understand what Sharad Pawar is achieving by telling the media that "he is disclosing that he has a stake in RCB".
And we have leading media houses which are carrying headlines in their news channels and websites which read as "Pawar admits ownership link to Bangalore team"!!!! What a misleading headline that is!
Can we have a list of all politicians who hold shares in Deccan Chronicle, GMR, India Cements?? All of them have stakes in IPL teams!! :-)
This is media sensationalizing news at its best! In any case, I maintain what i have always been saying "There is more than that what meets the eyes when it comes to IPL."
Monday, June 7, 2010
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