Tharoor v/s Modi: One Wicket Down

    Every coming moment of life is unpredictable, no body knows what store next, and even little mistake can cost very heavily. The saga of Tharoor & Modi conflict is explanation of it, that how a small difference between them, will cost dearly to both the parties.
   On 22nd May, 2010, U.P.A. Government is going to complete its first year in the office, for second consecutive time, but in the span of less then one year, Mr. Shashi Tharoor Minister of State for external affairs, spent time with controversies one after another, and his involvement with IPL Kochi consortium, ends with his exit from the ministry.
  All it started, on 21st March, 2010, was the day for announcement and inclusion of two more IPL franchisees’, which will play in the fourth edition of IPL. Total five bidders were in the race for two franchisees’-

1. Sahara Adventure Sports Group
2. Rendezvous Sports World Limited
3. Adani Groups
4. VC Digital Solution (Videocon)
5. Pune Consortium

and the base price for bid was $ 225 million ,first successful bidder who get the team was Sahara Adventure Sports Group, bid for three cities Ahmedabad, Nagpur & Pune for same amount that was $370 million (1,702 Crores Rupees), being highest bidder it allowed to opt for any one city and Group goes for Pune., second successful franchisee was unknown consortium Rendezvous Sports World Limited in India, bid for Kochi for a whopping amount of $333 million (Rs 1533.33 crore), with the award of Kochi team to Rendezvous Sports World, it lit the fire to the events, which were going to unfold in coming days, and then series of events as they become public, through media –

• Mr. Lalit Modi tweets in his twitter accounts that one of equity holder in the Rendezvous Sports World, is Sunanda Pushkar, who get 70 Crores without spending single penny.
• Kochi team consortium, responded immediately that Mr. Modi has violated the clause of confidentiality, by declaring the name of our one of the equity holder, and taking it into public domain.
• Then media highlights the stories related to Sunanda Pushkar, and declared that she is friend of Mr. Shashi Tharoor and soon they are going to marry, perhaps that’s why Sunanda gets free equity worth 70 Crores, to halt controversies, Rendezvous declared that Sunanda gets “Sweat Equity” and she gets it because of her talent not because of Mr. Tharoor. Question rises here what is Sweat Equity? It is package (equity) awarded to a person, in place of salary for his/her contribution towards development of company/venture.
• Modi again accused, Mr. Tharoor that during auction, he had phone me, if he has no personnel interests, then why he was so active. Mr. Tharoor responded he was interested that Kochi get franchisee because he want Kerala should develop as his liabilities towards his constituency.
• Media then started blaming that “Sweat Equity” awarded to Sunanda Pushkar is proxy holding of Tharoor, because as far Pushkar background, she cannot be assets to the consortium for building their brand; along with it Rendezvous C.E.O. while talking to media pass on sensational news, that they were offered $ 50 million to exit from Kochi franchisee, and they were threaten in the presence of two cabinet ministers to quit or ready to face consequences.
• B.J.P also jumps in this saga & declared that there is violation of company act –

1. Company cannot give “Sweat Equity” before one year period of its inception.
2. Only employees or director are entitle for “Sweat Equity”.
3. Unlisted companies have to get nod from government if 15 percent or 5 Crores which ever bigger issued as “Sweat Equity”.

• While seeing situation out of control, and Prime Minister was out of Country, Sonia Gandhi and Pranab Mukherjhee met Mr. Tharoor to get his side of story and from Monday as parliament session going to start it can become hard to face by government , after meeting news came that case will settle after Mr. Tharoor’s meeting with Prime Minister, and when Prime Minister returns Mr. Tharoor met him, decision on his fate was left after the meeting of core committee, which was schedule for Sunday, after two hours long meeting nothing pass on to media, but as assumption made by media that Mr. Tharoor has to quit, and before Monday he will resign, in the night news flash Mr. Tharoor resigns.

Mr. Tharoor lost his job, but now Modi also alleged with some more allegations and which will in the domain AGM of BCCI, schedule to held soon after completion of IPL 3,it appears that Modi is also entitle for some swear action in AGM. There is no doubt that personnel differences had cost heavily o Mr. Tharoor and next is Modi, due for hard action. Its famous saying-

                                Think    before     you    speak