Is SRK planning to sell of IPL team?

Shah Rukh Khan is contemplating selling off his Indian Premier League team Knight Riders. This is what a famous business magazine is claiming.

SRK had dropped ‘Kolkata’ from his team’s name just before the IPL season 2 began. According to the magazine’s reports there are speculations that SRK is in talks with three big companies to take over his entire shareholding in the Knight Riders team. These names are said to be – Cell giant Nokia (SRK is their brand ambassador and they are also his team’s sponsors), Anil Dhirubhai Ambani group and Sahara group.

It can be recalled that the King Khan had purchased the Kolkata franchise for a whopping Rs. 300 crore last year. Now if he sells it he can at least make a cool profit of Rs. 100-150 crore.

The magazine further claims that earlier SRK was just interested in selling a part of its stake but all those whom he approached also wanted management control which lead him to the three names mentioned above to sell his entire shareholding.

SRK has been quiet unlucky in the last season as well as the present on going one where his team is dipping right to the bottom of the chart. So may be it is that or may be he has realized owning a cricket team is not as easy as owning a production house.