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Thursday, April 17, 2008

Owning an IPL team is no easy business



April 17, 2008







Shah Rukh Khan, the Bollywood actor and owner of the Kolkata Knight Riders, talks about concerns over entertainment tax in an interview with the Times of India.
My only concern is that stadium authorities keep asking us for more money like the entertainment tax and we were told that they have been paid by BCCI but they still keep asking us. And the kind of money they are asking us to pay as entertainment tax which will be only for 10 minutes that too during the match break which will cost us at least Rs 1 crore.

Meanwhile, a petitioner from Faridabad has filed a Public Interest Litigation with India's Supreme Court, asking whether the telecast of matches involving the Bangalore Royal Challengers would indirectly be promoting alcohol.

This is because the Challegers' logo is similar to the Royal Challenge alcohol brand owned by Vijay Mallya, the team's owner. He petitioner was banking on the Indian Cable Network Act, 1995, which bans advertisements for alcohol, to drive home his point. The litigation comes up for hearing on April 21. An article, also in the Times of India, has more.