In what could be a potential conflict of interest, Indian cricket team captain Virat Kohli had invested in the parent company of Mobile Premier League in 2019, the same company that was signed on as BCCI’s official kit sponsor and merchandise partner recently. The Indian Express reported this on January 7. In February 2019, Kohli was reportedly allotted Compulsory Convertible Debentures for ₹33.32 lakh in Galactus Funware Technology Pvt. Ltd., a Bangalore company which owns Mobile Premier League, an online gaming platform. Galactus is a subsidiary of M-League Pte Ltd, a company registered in Singapore in April 2018. Kohli was allotted 68 CCDs at a premium of ₹48,990, per the report. Virat Kohli could not be reached for a comment. In November, the Board of Cricket Control in India (BCCI), the apex cricket administration body in the country, signed on MPL Sports as the Indian team's official kit sponsor and merchandise partner. MPL Sports is an athleisure and sports merchandise brand owned by MPL. According to the contract, India's senior men's and women's, as well as the Under-19 teams, will wear MPL Sports branded jerseys for three years. Kohli is also MPL's brand ambassador; he was first named brand ambassador in March 2019, this contract was renewed in January 2020 for another year. Mobile Premier League is an online gaming company that offers fantasy cricket and football, as well as rummy, poker, chess, and pool, among others. Kohli's commercial relations with MPL do seem to raise flags, per the BCCI's…
- How much money was seized by the Indian state while investigating illegal loan apps? February 8, 2023
- Publishers Aren’t ‘Intermediaries’, IT Ministry Says: What Does This Mean for India’s Online Gaming Laws? February 8, 2023
- You can now use PhonePe UPI to pay in UAE, Singapore, Nepal and Bhutan February 8, 2023
- Wikipedia ‘Unblocked’ in Pakistan, PM Forms A Committee To Regulate ‘Objectionable’ Content February 8, 2023
- Explained: What is the feud over ownership between Binance and WazirX? February 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...