File picture of Ness Wadia, Sanjay Bangar and Preity ZInta© BCCI
Are Punjab Kings going by an issue? A latest report by Cricbuzz has raised a hypothesis that every one isn’t proper among the many IPL crew homeowners. Bollywood actor Preity Zinta, industrialists Mohit Burman and Ness Wadia are the co-owners of the franchise. The report has claimed that Preity Zinta has filed an enchantment within the Chandigarh Excessive Court docket in search of to restrain co-owner Mohit Burman from promoting a portion of his shares to a different get together. The report additionally stated that Preity holds 23 per cent share of PBKS whereas Mohit Burman has 48 per vent. Ness Wadia has 23 per cent. The remaining shares are held by Karan Paul.
The report additional stated that Preity Zinta’s courtroom enchantment is relating to the Burman’s reported plans to promote a part of his shares. Burman has denied the hypothesis. “I haven’t got any plans to promote my shares,” Burman informed Cricbuzz. Formally, the Punjab Kings haven’t spoken or launched a press release on the difficulty something on the difficulty.
A report in Tribune stated: “Preity Zinta stated Burman holds roughly 48 per cent of the shareholding and can be on the board of administrators. She has filed the petition beneath Part 9 of the Arbitration and Conciliation Act-1996 in search of interim measures and route in view of the disputes and variations between her and respondent Mohit Burman.”
The Cricbuzz report additional claimed “it’s understood” that in response to their association a specific co-owner cannot promote a share their share to a 3rd get together with out first providing it to fellow outdated co-owners. The shares can solely be offered as soon as the opposite co-owners decline to buy the shares.
Punjab Kings are but to win the IPL.
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