Kundra ready to give up Royals stake till cleared
Raj Kundra, one of the co-owners of the Rajasthan Royals, has said that he will hand over his stake in the franchise to the Supreme Court or anyone it appoints till the allegations levelled against him are cleared
Rajasthan Royals distances itself from Kundra
In a separate affidavit filed on behalf of Jaipur IPL Cricket Private Limited, Shantanu Chari, the managing director of Royals, dissociated the franchise from the dealings of Kundra. Calling Kundra as an "investor" in the franchise, Chari said Kundra owned a 11% stake in Royals through his "family concerns" and not his own. Chari said Kundra family's shareholding was the least among the four stakeholders that owned the franchise.
"Mr Raj Kundra was not part of the management of Respondent No. 4 (Jaipur) directly or indirectly and has never participated in any management decisions inter alia regarding the bidding of players, strategy adopted by the franchise for the games or any other decision taken by Respondent No. 4 in relation to its day-to-day functioning," the affidavit said.
Nagraj Gollapudi is an assistant editor at ESPNcricinfo