CNN-IBN had reported that Hero Honda had bought Kings Punjab earlier today however the report has been denied by both Kings Punjab and Hero Honda.
Punjab was purchased by bollywood actress Preity Zinta, Ness Wadia, Mohit Burman and Karan Paul for $76 million in 2008. Burman told television channel Headlines Today that there were no plans to sell in the near future.
Hero Honda, the world's second-larget manufacturer of two-wheelers, also issued a statement denying the reports. "The current media reports about Hero Honda buying stake in Kings XI Punjab is completely baseless and untrue. We have not had any discussion in this regard either," they said. "Hero Honda's association with IPL as an associate sponsor and the main team sponsor of Delhi Daredevils remains unchanged."
http://www.cricinfo.com/ipl2010/content/story/447698.html
Tuesday, February 9, 2010
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