NEW DELHI: Legendary cricketer Sachin Tendulkar, who is without doubt one of the co-owners of the Indian Super League (ISL) outfit Kerala Blasters Football Club, in all likelihood will probably be promoting off his stakes in the franchise earlier than the beginning of the new season.
The choice might come as a blow for the Blasters as Tendulkar had all the time been an integral part of the set-up and seen cheering the workforce from the stands in house and away video games.
Tendulkar has been related to the franchise since its inception in 2014 and is currently one of the crucial co-owners together with industrialist Nimmagadda Prasad, producer Allu Arjun, actors Nagarjuna and Chiranjeevi.
"Yes, there is a high possibility that Sachin might sell off his entire stakes that he had in Kerala Blasters. It had been an emotional association with the franchise but probably it's time to move on," an ISL supply aware of the improvement told PTI Saturday.
While it could not be showed precisely how much stake Tendulkar had in the franchise, those in the know of things mentioned that it's something round 20 %.
There are rumours that a billionaire industrialist with interest in hypermarket chain and buying groceries department stores will probably be purchasing Tendulkar's stake.
Tendulkar had bought the Kochi-based franchise back in April 2014 together with entrepreneur Prasad V Potluri.
In 2015, Potluri and his corporate PVP Ventures sold off their stakes and Tendulkar had then become 40 % stake holder in the franchise. In 2016, Prasad together with the heavyweights of Southern movie business joined forces with Tendulkar.
It was learnt that while they bought the 60 in line with cent stakes, an extra 20 % was bought from Tendulkar also.
The choice might come as a blow for the Blasters as Tendulkar had all the time been an integral part of the set-up and seen cheering the workforce from the stands in house and away video games.
Tendulkar has been related to the franchise since its inception in 2014 and is currently one of the crucial co-owners together with industrialist Nimmagadda Prasad, producer Allu Arjun, actors Nagarjuna and Chiranjeevi.
"Yes, there is a high possibility that Sachin might sell off his entire stakes that he had in Kerala Blasters. It had been an emotional association with the franchise but probably it's time to move on," an ISL supply aware of the improvement told PTI Saturday.
While it could not be showed precisely how much stake Tendulkar had in the franchise, those in the know of things mentioned that it's something round 20 %.
There are rumours that a billionaire industrialist with interest in hypermarket chain and buying groceries department stores will probably be purchasing Tendulkar's stake.
Tendulkar had bought the Kochi-based franchise back in April 2014 together with entrepreneur Prasad V Potluri.
In 2015, Potluri and his corporate PVP Ventures sold off their stakes and Tendulkar had then become 40 % stake holder in the franchise. In 2016, Prasad together with the heavyweights of Southern movie business joined forces with Tendulkar.
It was learnt that while they bought the 60 in line with cent stakes, an extra 20 % was bought from Tendulkar also.
ISL: Sachin Tendulkar likely to sell his stakes with Kerala Blasters
![ISL: Sachin Tendulkar likely to sell his stakes with Kerala Blasters]()
Reviewed by Kailash
on
September 16, 2018
Rating:
