SC asks Srini to give up IPL stake
India's Supreme Court ordered Thursday world cricket chief Narayanaswami Srinivasan to give up his stake in the Indian Premier League if he wanted to be re-elected head of the country's powerful board.
The court found Srinivasan guilty of a conflict of interest for having commercial dealings in the sport while head of the Board of Control for Cricket in India (BCCI) by owning an Indian Premier League franchise.
"Srinivasan or any other administrator can't contest elections (to the BCCI) (while) they have those interests," the two-judge bench was quoted as saying by the Press Trust of India.
The court was ruling on the findings of a panel it appointed last year to investigate betting and other scandals in the lucrative Indian Premier League (IPL).