But Knight Riders is back in news after reports emerged that SRK is in talks with three companies to sell his team and move out of the cricketainment business.
Speculation is rife that Khan is negotiating with Nokia, the Anil Ambani group and Sahara to dispose of his entire shareholding.
Shah Rukh however has denied the development. Shah Rukhs Public Relations agency said that the actor had spoken to television channels that he had a major investment in KKR and he was still emotionally attached to it.
A website quoted sources in Red Chillies Entertainment, KKRs holding company, saying, Shah Rukh Khan has been trying to sell a stake in KKR for some time now. But since most companies he approached also wanted management control, Khan is now talking to Nokia, Sahara, Anil Ambani and others to sell his entire shareholding.
Incidentally, Anil Ambani was interested in buying the Newcastle United football team. His brother and now business rival Mukesh Ambani owns the Mumbai Indians IPL team. Sahara
Indias communications director Abhijit Sarkar was quoted as saying: We have not been approached by Shah Rukh Khan yet. But if he does, we would be happy to buy the team.
D Shivakumar, vice-president and managing director (markets), Nokia India, sent a text message saying: Shah Rukh Khan will keep the team. Reliance Communications however declined to comment but mentioned that there had to something concrete on the table.
Shah Rukh had given a guarantee of 300 crores to the Indian cricket board to be paid over 10 years. However , as far as merchandising and business on KKR products are concerned , the firm has done well.
It is learnt that his costs trebled last year owing to interventions from the Kolkata Municipal Corporation (KMC) and Cricket Association of Bengal.
Friday, May 1, 2009
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