Malicious

So, this is what they want huh? If I were to subscribe to a conspiracy theory, the whole controversies were staged right from the start to force Shah Rukh to let go of his cricket enterprise. But of course people would say I'm paranoid if I were to say that. O well, he's been through all this before with his production company (Dreamz Unlimited). The only difference is, his IPL venture is the only venture that does not have his direct participation as he's not one of the players on the field. If you ask me, in the long run he'd lose out if he sold KKR. But what about the immediate cost? I don't want him to sell his body to pay for maintaining the team (as he jokingly said in an interview).

I'll let you read the malicious reports and make up your mind about them yourselves:

Exclusive Report: Shah Rukh Khan To Sell Knight Riders

According to the Red Chillies official, Khan wants to exit, owing to the team’s poor performance — so far the team has won only one rain-curtailed game under the Duckworth Lewis method — and rising costs.

“If the Board for Control of Cricket in India (BCCI) does not increase the number of teams for next year, Khan could get double what he paid,” said the Red Chillies official.

Khan is supposed to pay Rs 30 crore per year for the next 10 years. The total annual cost for the team is about Rs 75 crore.

Khan had earlier said that KKR was easily the most successful IPL franchise, making a Rs 13 crore profit last year. However, his costs trebled last year owing to interventions from the Kolkata Municipal Corporation (KMC) and Cricket Association of Bengal.

According to initial calculations, Red Chillies had to pay Rs 90 lakh per match and was supposed to earn Rs 3 crore if all stadium tickets were sold at Eden Gardens. Red Chillies had to pay Rs 20 lakh to the police and municipal tax of Rs 5 lakh. So its expenses per match would have been over Rs 1 crore. But this figure had trebled.

Last year, however, Kolkata Police demanded Rs 2 crore as security fees, against Rs 50 lakh that the organisers of the IPL offered. Then, the Kolkata Municipal Corporation (KMC) demanded Rs 25 lakh from Red Chillies as amusement tax for holding IPL matches at Eden Gardens.

To settle the dispute between Kolkata Police and the IPL organisers over the cost of security arrangements at Eden Gardens, Red Chillies Entertainment had to agree to pay Rs 75 lakh as security fees.

About 5,500 uniformed personnel and about 1,500 sleuths were deployed to secure the stadium and its surrounding areas, since many celebrities were expected to watch the IPL matches at Eden Gardens.

Will Shah Rukh Khan dump KKR?

There are reports now that Shah Rukh Khan who bought the team for Rs 300 crores is in advance stage of talks with big companies like Nokia, Sahara and the Anil Ambani group to sell his stakes in the company.

Reports from Shah Rukh Khan’s company Red Chillies Entertainment say that King Khan is looking to exit. But he also wants to ensure that he doubles the money that he had invested. He may be able to sell his stakes for as much as Rs 600 crore easily sources say.

A dejected SRK had earlier said ‘If my team continues to lose like this, I am not going back to South Africa. I will go only when they play well and win.’ ‘But once they come back, I’ll call them over and ask what went wrong with them,’ he added.

But it seems his team is running out of time now with so much losses.