Delhi: In IPL 2025, the Punjab Kings team is earning the name from their good game, the team owners are making the team as much as the internal discord. The way is not coming out of mutual conversation, then the court also reached the court and when stories and issues come into the discussion, then everything comes out openly and the same is happening now.
Crack between owners of Punjab Kings
Punjab Kings (the name of Kings XI Punjab) is one of the few teams in 2008 i.e. some of the teams in the beginning of IPL and the most special thing related to this team is that despite playing 17 seasons, they have not yet won a single IPL title. This team too, did not survive the internal discord of the team owners, although this good friends made together. Khatas, which came in mutual nats, created differences and the file of this team has been opened in the court earlier. Connected with this team, the last two biggest controversies:
- The BCCI suspended the team in 2011 for breaking the terms of the contract. The case reached the court where the team was fined Rs 1 crore and survived the suspension.
- One of the team owners, film star Preity Zinta accused his partner and his one -time boyfriend Ness Wadia of tampering in forming the team. In the mutual relationship between these two, Khatas started the internal controversy of the team and the same series is going on till date.
When this team was formed, Preity Zinta and Ness Wadia were in a relationship. In 2009, romance between Preity Zinta and Ness ended and the quarrel started. The most infamy in this was due to the case of that 2014 tampering. Made various allegations, but in the end the friends got together reconciliated, but the conversion of the decisions related to the team could never bring both of them on a wavelength.
What is the whole matter
To understand the current quarrel, it is necessary to understand how this team became. The name of the team owner company is KPH Dream Cricket Private Limited and Mohit Burman (from Dabur Group), Preity Zinta and Ness Wadia (Bombay Dyeing Group) have 23-23% shares and another businessman Karan Paul has 6% shares.
This quarrel started with the news of a few years ago that Mohit wants to sell some of his shares to someone else. When these friends had formed the team together, it was also written in his memorland that the team will only be of their own and so if a director wants to sell his shares, then first of all, the remaining share holder will offer to buy them. Only after not purchasing these offers, they can be sold to any outsiders in the stock market.
The news came that Mohit is selling some shares, without offering to the remaining three directors, selling it to an external party in the market. When Preity Zinta objected to this, the matter deteriorated so much that in 2024, this case reached the petition in Chandigarh High Court. Mohit Burman then ended the controversy by saying that at the moment he had no intention of selling his shares.
Mohit tries to sell shares again
In this way the matter stopped but this anecdote did not end. A part of Mohit’s share (without offer to buy the remaining share holder) again came after the news of selling it. This is the matter before the mega auction before the IPL 2025 season. In the conditions of selling shares for any IPL team owner company, it is necessary to meet the legal conditions, it is also necessary to register the share transfer in the BCCI and BCCIs charge 5% fees at the price of share transfer for this. So again Preity Zinta objected to share transfer.
According to the current brand value, Mohit Burman’s 11.5% shares in the franchise of Mohit Burman can be priced between Rs 550 crore to Rs 700 crore at this time. The thing to note here is that Preity Zinta alone is fighting this battle to stop the shares from selling an external party. From this, it can also be guessed that they are interested in buying these shares.
Karan Paul accused the rest of the owners
Now the quarrel has also gone ahead of stopping the share sales and Preity Zinta alleges that the Punjab Kings owner is trying to change the structure and memorandum of the company’s board. This time Karan Paul also approached the court without delay and the current situation is that the court has stayed any change in the board till the last verdict. He accused the remaining three directors Mohit Burman, Ness Wadia and Preity Zinta of trying to control the company.
Meanwhile, the company also called AGM on 21 April. Preity Zinta was present in this AGM, but now she is also in the court to declare this AGM illegal and invalid, that is, they are refusing to accept the decisions for this AGM. He says that Mohit Burman and Ness Wadia called AGM and the biggest decision taken is an outsider Munish Khanna as the director of the company. He is also in the court to call any meeting or AGM of the company or in the presence of Munish Khanna in the absence of his and Karan Paul.
So in the coming days, where cricket will be discussed on the ground of Punjab Kings team, the owner of this team is playing his ‘legal match’ of control on the team.
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(Tagstotranslate) IPL 2025 (T) Preity Zinta (T) Punjab Kings (T) Punjab Kings Ownes