Crackdown...

Sportzpower Team

New Delhi: On another day of high drama surrounding IPL, financeminister Pranab Mukherjee made an unequivocal statement on the floorof parliament. The Fm said that the entire ball of wax - IPL - will bescrutinised including its funding and vowed not to spare any'wrong-doer', as Commissioner Lalit Modi came under the scanner ofIncome Tax authorities. As sportzpower repoorted on Monday morning,the IT authorities have issued summons to the BCCI and both Modi andCEO Sundar raman are expected to present their case.
With the opposition focusing on IPL and asking for JPC probe and unionminister Vaylar Ravi likening it to a gambling den, the Income taxauthorities have asked the Board for Control of Cricket in India(BCCI) to respond by April 23 to 10 critical queries, including theone on income from IPL and its entire structure:.
*Why hasn’t IPL shared the ownership details of the each of the team owners?
*If there were doubts over the ownership structure of the RendezvousSports World Private Limited - Kochi team - why was their bidaccepted?
*The pre qualifying condition of bidders having a net worth of $1billion ( about Rs 4,600 crore) was removed from the new tenderdocuments during the bidding for the two new teams in March. Why?
*Even with the high minimum networth condition of $1 billion ( Rs 4600crore) three bidders qualified. Why wasn't the auction conducted amongthese three and eventually awarded to the top two among them?
*In the absence of any minimum networth conditions, how would theorganisers prevent non-serious players from bidding?
*How much revenue is being earned from the `post-match’ parties of IPL matches?
*The gate receipts are collected by the franchisees. Why is IPLorganising these parties based on tickets priced at Rs 40,000 thatshould actually constitute revenues of franchisee hosting the match?
*In the bidding for the new teams, the governing council reduced the$100 million (Rs 460 crore) refundable deposit drastically to $10million ( Rs 46 crore). Why $10 million and not more or less?
*Each team has to pay IPL the winning price of their team over periodof 10 years. At the same time, each team is entitled to its share ofrevenues from IPL’s central revenue pool. Is there any monetarytransaction between IPL and the teams or is it a mere book keepingentry as both sides have to pay each other?
*How much revenue has IPL shared with the teams in the first twoseasons? How much revenue will be shared with the teams in season 3?
The government's dragnet has become over arching as the EnforcementDirectorate said it will also investigate the alleged murkyinternational deals of the cash-awash IPL while the Company AffairsMinister Salman Khurshid made it clear" that his ministry too was inthe picture.