Lalit Modi questions BCCI after it was reported that CVC Capitals might have investments in Betting companies

Although BCCI has remained silent on the news and has refused to comment on this matter, it is believed that if the news indeed turns out to be true, then Adani Group will become the new owner of the Ahmedabad team.

Over the years IPL has had its hand full with several controversies. From players to teams, to even team owners, everyone has been on one point or the other being a part of an IPL controversy, and something similar seems to be lurching around the corner once again.

On Tuesday, the founder and former chairman and commissioner of IPL, Lalit Modi took a jibe at BCCI, by the means of a tweet. In his post, he questioned the eligibility of CVC Capitals to make a bid for the teams. Modi alleged that the company has been an owner of a betting company. “I guess betting companies can buy an IPL team. Must be a new law” Modi tweeted. This can reflect quite badly on BCCI if it turns out to be true. Modi himself in 2013 was found guilty in a spot-fixing scandal which led to the suspension of the Chennai Super Kings and Rajasthan Royals’ team for two seasons.

According to the reports of Outlook, CVC Capitals which bought the Ahmedabad team for over 5000 crore rupees, is an investment and advisory firm and might have several investments, a few of them including some betting companies. It also added, “BCCI’s attention has been drawn to CVC Capital’s business activities and it was strange that these were not noticed during the long verification stage.”

Although BCCI has remained silent on the news and has refused to comment on this matter, it is believed that if the news indeed turns out to be true, then Adani Group will become the new owner of the Ahmedabad team.

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