IPL Fiasco: Dhoni's Stake In Sports Marketing Firm Raise Suspicion

Economic Times article further reported, “in 2011-12, the latest year for which numbers are available and the first full financial year of the deal, Rhiti Sports recorded revenues of 63 crore and a net profit of 2.5 crore.”

The report further added that the stocks were allotted at par value which indicates that the Indian captain paid only 3 lakhs for the 15.1 percent stake. The bottom line is that Dhoni got the stake at such a cheaper rate that it can be considered almost free of cost.

“I have come to know through various sources and newspapers that Dhoni has 15 percent stakes in Rhiti Sports which is contracting a few players in the Indian team. He also has a position of Vice President in India Cements. So I don’t know if its a conflict of interest or not that I’m sure the board will tell us,” former India cricketer Kirti Azad said, reported Ashish Magotra of First Post.

However, there have also been reports that Rhiti Sports has denied the fact that MS Dhoni is not a shareholder of the company.

(With PTI Inputs)

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