{
    "id": "6472",
    "author": "13",
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    "title": "Srinivisan keeps mum post Supreme Court verdict",
    "lang": "en",
    "series": "1",
    "cup_year": "2015",
    "article_type": "General",
    "excerpt": "New Delhi, Jan 22 (IANS) Sidelined BCCI president N. Srinivasan refused to comment following the Supreme Court's decision",
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    "editor1": "<p style=\"text-align: justify;\"><span style=\"font-family:tahoma,geneva,sans-serif;\"><span style=\"font-size:14px;\">New Delhi, Jan 22 (IANS)&nbsp;Sidelined BCCI president N. Srinivasan refused to comment following the Supreme Court&#39;s decision Thursday to bar him from contesting the election for the Indian cricket board&#39;s governing body presidency due to a &quot;conflict of interest&quot;.<br \/>\r\n<br \/>\r\nThe apex court pointed out that as Srinivasan is the managing director of India Cements Pvt Ltd, the company which owns Indian Premier League (IPL) franchise Chennai Super Kings (CSK), and also a top official in the Board of Control for Cricket in India (BCCI), there was a conflict of interest.<br \/>\r\n<br \/>\r\nWhen contacted by IANS, Srinivasan said: &quot;I am not talking now.&quot;<br \/>\r\n<br \/>\r\nThe apex court order came as it struck down an amendment to the BCCI rules which permitted the office bearers of the apex cricket body to have commercial interests in IPL and the Champions League Twenty20 and all events organised by the BCCI.<br \/>\r\n<br \/>\r\nThe court also asked Srinivasan to stay away from the BCCI on account of his commercial interest in CSK.<br \/>\r\n<br \/>\r\nIn September last year, India Cements&#39; board had approved the demerger of CSK (a division) into a wholly-owned subsidiary by transferring the assets at net cost.<br \/>\r\n<br \/>\r\nThe transfer, subject to all approvals, was effective Jan 1, 2015.<br \/>\r\n<br \/>\r\nCompany officials had earlier said the IPL franchise CSK had given its cement brands good exposure in various markets. The company earned around Rs.166 crore from CSK.<br \/>\r\n<br \/>\r\nIndia Cements had successfully bid for the Chennai franchise in 2008 for $91 million with the amount to be paid over a 10-year period.<\/span><\/span><\/p>\r\n",
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    "alt_img": "N. Srinivasan",
    "alt_title": "N. Srinivasan banned from BCCI Electio",
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    "seo_title": "N. Srinivasan is banned from contesting BCCI Election",
    "seo_desc": "BCCI president N. Srinivasan refused to comment following the Supreme Court's decision Thursday to bar him from contesting the election for BCCI",
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    "created": "2015-02-07 11:38:00",
    "updated": "2015-02-07 11:38:00",
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    "link": "https:\/\/www.cricketnmore.com\/cricket-news\/srinivisan-keeps-mum-post-supreme-court-verdict-6472"
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