Update Srinivasan forgoes 29% stake in CSK

[scorpionking76]

Underfire former BCCI president N Srinivasan, who controls 29% of the shares of India Cements Limited, the principal owners of Chennai Super Kings, has transferred his entire stake in the IPL franchise, to a trust -- India Cements Cricketers Trust -- which takes care of the interest of former cricketers employed with the company.
Srinivasan confirmed the development to TOI on Friday. "My background and history is of supporting cricket. India Cements has supported cricket for the last 40 years," Srinivasan said.

Srinivasan forgoes 29% of CSK shares for ex-cricketers' welfare - The Times of India

 

[DashMajor]

What will proves by transferring his stakes to his own company.

 

[NinadG]

Now Mama is trying to show philanthropy after getting embroiled in scams....

 

[piinku1]

He has bad time now.Soon he will thrown out of ICC.

 

[scorpionking76]

I am waiting for that too

 

[Akash Modi]

What will proves by transferring his stakes to his own company.

 

[Devesh]

He has bad time now.Soon he will thrown out of ICC.

Hope it will happen soon....