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A section of the media reported that Kings XI Punjab, one of the
eight franchisees of the Indian Premier League (IPL) T20 cricket
tournament, has been sold to the Hero Honda group but it has turned
out to be baseless rumour.
Reaction to the false reports, actress Preity Zinta, the
co-owner of the team, clarified that Kings XI Punjab has not been
sold. "Hi everyone! Just want to clarify that we have not sold the
team to Hero Honda! Another example of how the media can get it all
wrong," Preity posted on her Twitter page yesterday.
A spokesperson from the Hero Honda Group said that the reports
were baseless, as the group has neither acquired Kings XI nor in
talks for acquisition. Anil Srivatsa, the chief executive of the
franchisee, also clarified that they have not sold Kings XI Punjab
Kings XI Punjab is co-owned by Preity Zinta, Ness Wadia, Karan
Paul Mohit and Gaurav Burman. It is led by Sri Lankan cricketer
Kumar Sangakkara with Tom Moody as the coach. The third edition of
the IPL begins on March 12.