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==Biography==
==Biography==
Born in 1963 in Delhi, India, Lalit Kumar Modi studied at the prestigious [[St.Joseph's College, Nainital]]. He attended [[Duke University]] in the [[United States]], graduating in 1986 with a degree in marketing.<ref>http://www.bloomberg.com/apps/news?pid=20601109&sid=agXm3oIJqEUA</ref>
Born in 1963 in Delhi, India, Lalit Kumar Modi studied at the prestigious [[St.Joseph's College, Nainital]]. He attended [[Duke University]] in the [[United States]], graduating in 1986 with a degree in marketing.<ref>http://www.bloomberg.com/apps/news?pid=20601109&sid=agXm3oIJqEUA</ref>

==Criminal History==
Lalit Modi was charged and pleaded guilty to possession of 400 grams of [[cocaine]], assault and kidnapping in 1985 while he was a student at Duke University, USA. He pleaded guilty on all charges and was sentenced to two years in prison. However, he did not serve any prison time and came back to India in 1986 after being released on probation.

In 2007 a PIL was filed in Mumbai High court challenging his position in BCCI on pretext of his criminal history. Though the court refused to unseat Modi, it asked the BCCI "to implement stringent regulatory measures so that those involved in criminal cases, not just illegal drugs but other serious charges have no place in administration".
<ref>http://in.sports.yahoo.com/cricket/ipl/news/news_20080528_607.html</ref><ref name="Hindustan Times">[http://www.hindustantimes.com/StoryPage/FullcoverageStoryPage.aspx?id=2627fc29-733a-486b-bcf0-06935f38808fIPL2008_Special&MatchID1=55&TeamID1=1&TeamID2=7&MatchType1=5&SeriesID1=1&PrimaryID=55&IsCricket=true&Headline=Drug+rap+returns+to+haunt+IPL+boss+Modi Hindustan Times]</ref>


==Family Threat and Security==
==Family Threat and Security==

Revision as of 18:18, 7 June 2009

Lalit Kumar Modi, (born November 29, 1963) is the Chairman and Commissioner of Indian Premier League, Chairman of Champions League, Vice President of BCCI, Vice President of Punjab Cricket Association, He is also the President & Managing Director of Modi Enterprises and Executive Director of Godfrey Philips India.


Biography

Born in 1963 in Delhi, India, Lalit Kumar Modi studied at the prestigious St.Joseph's College, Nainital. He attended Duke University in the United States, graduating in 1986 with a degree in marketing.[1]

Criminal History

Lalit Modi was charged and pleaded guilty to possession of 400 grams of cocaine, assault and kidnapping in 1985 while he was a student at Duke University, USA. He pleaded guilty on all charges and was sentenced to two years in prison. However, he did not serve any prison time and came back to India in 1986 after being released on probation.

In 2007 a PIL was filed in Mumbai High court challenging his position in BCCI on pretext of his criminal history. Though the court refused to unseat Modi, it asked the BCCI "to implement stringent regulatory measures so that those involved in criminal cases, not just illegal drugs but other serious charges have no place in administration". [2][3]

Family Threat and Security

Towards the end of March 2009 the Mumbai police were interrogating underworld don Chota Shakeel's arrested hit man Rashid Malabari and during the interrogation he had revealed that there were planing to assassinate cricket chief Lalit Modi, his wife Minal and son Ruchir. This was cross referenced by an government intelligence agency picked up a phone conversation between Chota Shakeel and his boss Dawood Ibrahim instructing him to hire 4 assassins to assassinate Modi and his family either in South Africa or in India. Also electronic surveillance records intercepted by Intelligence Bureau indicate that Chhota Shakeel has asked his shooters to target Modi in Mumbai or South Africa. "Usko khatam kar do India ya South Africa mein," is the diktat. The reason for this threat is that Modi banned Pakistani cricket players to take place in IPL 2. Lalit Modi has been provided with armed police men guarding his house whether or not he is at home, he has also been provided a non-category police security cover while he is out of the gates of his house which include multiple 24 hour armed cops and a government escort car following. But his wife Minal and Son Ruchir will only have 1 armed cop with them while they are out of their house. Modi also has his own personal security guarding his house 24 hours a day and has personal bodyguards who are employed by Modi himself guarding him, his wife and his son at all times. It is also known to be said that the IPL's security agency's have beefed up security around Modi at all times. Bob Nicholls co-owner of one of the IPL's security agency Nicholls and Styne has conformed that private security around Modi has been increased and tightened. He has also conformed that the Indian Government is providing high police protection around Modi even if he is out of India. It is also known that Lalit Modi's children, Ruchir and Aliya travel around with a convoy of 2-4 cars at a time, this has been noticed at the American School of Bombay in Bandra Kurla Complex. While Ruchir and Aliya enter or exit their school a team of 7 bodyguards which 2 of them are armed police officials, and 5 look like private bodyguards, 2 of them are huge men in black suits and the other 3 are in different clothing. [4] [5] [6] [7]


Power-struggles

In 2005, Modi figured in a power struggle that resulted in Sharad Pawar, an influential politician and national cabinet minister, ousting former Indian cricket supremo and International Cricket Council chief Jagmohan Dalmiya in Board of Control for Cricket in India elections.[citation needed]

Awards and recognitions

  • He was awarded "The Business Standard Award" for making BCCI the Most Innovative Company in India for the year 2008.
  • On Sep 25, 2008 he was awarded "Brand Builder of the Year" by Asia Brand Conference.
  • On Sep 26, 2008 he was awarded by CNBC Awaaz "The Consumer Award for Transforming Cricket in India"
  • On Oct 6, 2008 he was awarded by NDTV Profit "The Most Innovative Business Leader in India".
  • On Oct 24, 2008 he was awarded by Frost & Sullivan Growth Excellence Awards For "Excellence in Innovation".
  • On Nov 8, 2008 he was awarded the "Teacher's Achievement of the Year award.
  • On Nov 12, 2008 he was awarded "Sports Business- Rushmans Award For Sports Event Innovation".
  • On Jan 22, 2009 he was awarded "CNBC Business Leader" award.

He was listed among India's 20 most powerful people by India Today magazine. He was included because the BCCI's revenues have increased seven-fold since he joined the board in 2005 and because "no one in cricket wants to be on his wrong side". He is known to be a cricket administrator![8] In the 2008 August issue of the leading sports magazine Sports Pro he is ranked number 17 in the Power List of global figures connected with sports. He is further hailed as the Best Rain Maker (money maker) for any sports body in the history of sports Globally. In the short time that he has been a sports administrator he has raised over four billion U.S. dollars for his organisation. All this he has done in an Honorary capacity. He has been described as the most powerful man in Cricket by Mike Atherton in his article in the Telegraph. Time Magazines July 2008, lists him no 16 in their listing of Best Sports Executives in the World for 2008. In the October 2008 issue of international Business magazine Business Week - Lalit Modi was voted no 19 in the list of 25 most powerful Global Sports figures. Lalit Modi also won the NDTV award for the Most Innovative Business Leader of India. In the Nov issue of India's Leading Business magazine Business Today put Modi on its cover and named him one of India's Best Marketers. On the 31st of Dec the annual SportzPower List 2008 ranked him No 1 and the DNA newspaper ranked him 17 on there list of 50 Most Influential people in India. Successfully organised IPL-2 in South Africa in 2009 with a three weeks notice only of having to move from India

$975m ESPN deal

Economic Times quoted[9]:

Cricket economics has once again hit the roof. Sports broadcaster ESPN Star Sports (ESS) has paid a staggering $975 million for exclusive global commercial rights for the Twenty20 Champions League for a 10-year period, starting with the inaugural tournament between December 3-10 this year.

The deal, which gives ESS rights for all T20 Champions League seasons until 2017, makes it the highest cricket tournament by value on a per game basis. Earlier this year, the World Sports Group-Sony Entertainment consortium had paid BCCI $918 million for 10-year global rights for the India Premier League (IPL).

Apart from ESS, bids were received from Abu Dhabi Sports Club and Dubai International Capital (DIC). While the DIC bid was for $751.3 million, Abu Dhabi Sports Club’s bid, being a conditional one, was disqualified. ESS had bid $900 million for the deal and an additional $75 million for marketing.

Twenty20 Champions League, modelled after the football champions league, would feature the best teams of the domestic Twenty20 tournaments in various countries. It is being jointly organised by the Indian, Australian and South African cricket boards. The inaugural league, with $6-million prize money, will feature eight teams — two each from India, Australia and South Africa and the champions from the England and Pakistan domestic leagues. The prize money will be shared between the teams and their players.

“This deal will cement our relationship with BCCI, Cricket Australia and Cricket South Africa and we are committed to setting new benchmarks in broadcast and distribution,” ESS MD Manu Sawhney said in a statement. IPL chairman and commissioner Lalit Modi said: “We believe this is the best commercial deal for Champions League.”

Many other news-sources also reported the deal, including Business Standard[10] and others[11][12].

Other Deals

Since Modi's joining the BCCI he has successfully concluded the following deals for the BCCI :

  • Team Sponsorship Deal for Team India with Sahara group for 4 years - 103 million dollars (415 Crores) on 20.12.05
  • Team Apparel Sponsor Deal for Team India with Nike for 4 year - 53 million dollars (215 Crores) on 24.12.05
  • Media Rights Deal with Nimbus for 4 years- 612 million dollars on 18.2.06
  • Media Rights for overseas matches with Zee for 4 years - 219 million dollars 0n 7.4.06
  • Bcci Sponsorship Deal with WSG - 46 million dollars (173 Crores) on 27.8.07
  • IPL Media Rights Deal with Sony - 1.26 Billion Dollars 0n 15.1.08
  • IPL Teams Sale with various parties -723.6 million Dollars on 25.01.08
  • Web Media Rights to Live current Media - 50 million dollars on 18.4.08
  • IPL Title sponsorship and Ground sponsors - 220 million dollars - mar-apr 2008
  • Renegotiated with SONY WSG the IPL Media rights from 1.26 Billion Dollars to 2 Billion Dollars on 25.3.2009


Personal Life & Family

At many of the IPL games you see Modi with his son Ruchir, but his wife Minal and daughter Aliya is rarely spotted with him at the games. His children Ruchir (14) & Aliya (16) currently are studying at the American School of Bombay. He lives a very lavish life with his wife and children in the suburbs of Mumbai, Juhu in his beach house. In Mumbai they also own a flat down town in Worli.

[13] [13][14]]</ref>[3][14][15]

See also

References

  1. ^ http://www.bloomberg.com/apps/news?pid=20601109&sid=agXm3oIJqEUA
  2. ^ http://in.sports.yahoo.com/cricket/ipl/news/news_20080528_607.html
  3. ^ a b Hindustan Times
  4. ^ http://www.thaindian.com/newsportal/feature/ipl-beefs-up-security-for-lalit-modi-following-reports-of-threat-to-his-life_100179415.html
  5. ^ http://www.mid-day.com/news/2009/apr/130409-Lalit-Modi-Nicholls-Steyn-IPL-Dawood-underworld.htm
  6. ^ http://www.mid-day.com/news/2009/apr/020409-Mumbai-News-Lalit-Modi-IPL-chairperson-Indian-Premier-League-family-under-treat.htm
  7. ^ http://www.mid-day.com/news/2009/apr/120409-Dawood-Ibrahim-Lalit-Modi-4-assassins-D-Company-targets-Mumbai-news.htm
  8. ^ [ http://www.theage.com.au/articles/2008/03/07/1204780070687.html?page=fullpage#contentSwap2 The tycoon who changed cricket - Cricket - Sport - theage.com.au]
  9. ^ http://economictimes.indiatimes.com/News/News_By_Industry/Media__Entertainment_/Media/ESPN_strikes_975m_deal_for_T20_league/articleshow/3473205.cms
  10. ^ http://www.business-standard.com/india/storypage.php?autono=334250
  11. ^ http://www.moneycontrol.com/india/news/sports/espn-star-sports-bags-975-m-t20-deal-for-10-yrs/20/01/356037
  12. ^ http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=2008091217068
  13. ^ a b http://edition.cnn.com/2008/SHOWBIZ/05/22/ta.modi/index.html
  14. ^ a b http://www.telegraph.co.uk/sport/cricket/2335008/Modi-masterminds-India%27s-billion-dollar-bonanza.html
  15. ^ http://www.mid-day.com/news/2009/mar/190309-Lalit-Modi-Indian-Premier-League-youngest-vice-president-BCCI-interview-PEOPLE-magazine.htm