Every part is just not going nicely within the Indian Premier League franchise Punjab Kings. It’s reported that the staff has been cut up into elements. Mutual variations between the house owners have come to the fore. The combat has reached the court docket. In accordance with stories, Preity Zinta, one of many 4 house owners of Punjab Kings, has sought a restraining order towards one other promoter. Well-known Bollywood actress Preity Zinta has a 23 p.c stake within the Punjab Kings franchise by means of KPH Dream Cricket Non-public Restricted. In accordance with the attraction filed within the Chandigarh Excessive Court docket, she needs to cease co-owner Mohit Burman from promoting part of his shares within the staff to some other occasion.
Who has what number of shares in Punjab Kings?
By the way, Mohit Burman has the most important stake in KPH Dream Cricket Non-public Restricted with 48 p.c. Ness Wadia is the third proprietor within the promoter group, who owns 23 p.c shares, whereas the remaining shares are held by the fourth proprietor Karan Paul. Our accomplice Cricbuzz tried to contact Preity Zinta in the entire matter, however there was no response from her. Ness Wadia additionally didn’t reply our questions. The case can be heard on August 20.
Combat between Mohit Burman and Zinta
Mohit Burman, 56, related to Dabur Firm, instructed Cricbuzz on Friday, “I’ve no plans to promote my shares.” Nevertheless, stories have revealed that Burman intends to promote his 11.5 p.c stake to an unknown occasion. Burman is likely one of the Board of Administrators. He has filed a petition searching for interim measures and course beneath Part 9 of the Arbitration and Conciliation Act-1996.
Tremendous flop Punjab Kings in IPL
Punjab Kings has been one of many authentic eight groups of IPL. Within the 17-year historical past of IPL, the efficiency of Punjab Kings has been very poor. The staff reached the ultimate solely as soon as, when Kolkata Knight Riders defeated them and gained the title. Aside from this, it traveled to the playoffs solely as soon as. The staff is on the lookout for an Indian coach to interchange Trevor Bayliss.