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Lalit Modi takes a dig at Sanjiv Goenka for crediting IPL success to Jay Shah

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Gulf News
2026/03/26 - 11:23 501 مشاهدة

Dubai: Indian Premier League’s first chairman Lalit Modi took a dig at Lucknow Super Giants owner Sanjiv Goenka for his social media post that credited ICC chairman Jay Shah for the success.

Goenka’s post came after Rajasthan Royals was sold for over Rs150 billion and Royal Challengers Bengaluru was sold for over Rs160 billion in the same week.

“@rajasthanroyals, acquired for roughly ₹270 crore in 2008, have just been sold for over ₹15,000 crore. @RCBTweets, acquired for roughly ₹485 crore, sold for over ₹16,600 crore. Two franchises, same week, each over ₹15,000 crore,” Goenka wrote on X.

“That value was built by the architecture of the IPL. The way broadcast and digital rights were structured. The governance that gave brands confidence to invest at premium levels. Much of this traces back to the vision of @JayShah,” he added.

However, this didn’t go down well with Modi, who was instrumental in the launch of the league.

“Seriously this guy really has a memory loss of who conceived the model. Thats ok. He just lives in his own world. We all know that @DrSanjivGoenka is a (clown emoji) wish it was his brother @hvgoenka who owned the ipl franchise. He is a true cricket fan. Not this clown — who thinks his tweet will change history. Just proves he has zero knowledge. Just swelled up head Jai hind. @IPL,” Lalit Modi posted on social media.

Lalit Modi left India in 2010 related to a series of allegations related to tax evasion, money-laundering and proxy ownership linked to the IPL. The Enforcement Directorate has claimed that Lalit Modi manipulated the process of assigning broadcast rights of the IPL in 2009, reportedly in exchange for a kickback of over Rs1.2 billion.

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