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Sahara India Parivar Group Chairman Subrata Roy with Pune IPL Team ‘Sahara Pune Warriors’ Head coach Jeoff Marsh and Assistant Coach Dermott Reeve pose for the photographers after the press conference in Lucknow on Monday, 05 July 2010.

Sahara India Parivar Group Chairman Subrata Roy addresses during the press conference to announce coaches for his IPL team ‘Sahara Pune Warriors’ in Lucknow on Monday, 05 July 2010.

Sahara India Parivar Group Chairman Subrata Roy addresses during the press conference to announce coaches for his IPL team ‘Sahara Pune Warriors’ in Lucknow on Monday, 05 July 2010.

Sahara India Parivar Group Chairman Subrata Roy launches his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Bollywood Actors Urmila Matondkar and Mahesh Manjrekar host the show organized to launch new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy during the launch of his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Dancers perform during the launch of new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy addresses during the launch of his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy launches his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy launches his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Dancers perform during the launch of new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy during the launch of his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Sahara India Parivar Group Chairman Subrata Roy addresses while Bollywood Actors Urmila Matondkar and Mahesh Manjrekar look on during the launch of his new Indian Premier League (IPL) team ‘Sahara Pune Warriors’ and it’s logo ‘a warrior sitting on a horse’, owned by the Sahara India Parivar at SP College ground in Pune on Saturday, 24 April 2010.

Atul Shah, representative of Anchor Earth, a 27% stakeholder, part of the Anchor Group, a diversified FMCG company during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Atul Shah, representative of Anchor Earth, a 27% stakeholder, part of the Anchor Group, a diversified FMCG company during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Kailash Singhal, representative of Rosy Blue Diamonds Group during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Gujarati businessmen Vipul Shah during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Keshav T, Spokesperson of Film Waves Combine during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Mumbai-based entrepreneur Bhavya Patel during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Saket Mehta, Head of Anand Shah Estates (8%) stakeholder, and owner of Sur Gems Group during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Mumbai-based entrepreneur Bhavya Patel during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Kailash Singhal, representative of Rosy Blue Diamonds Group during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Mehul Shah, representative of Anchor Earth, a 27% stakeholder, part of the Anchor Group, a diversified FMCG company during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Mehul Shah, representative of Anchor Earth, a 27% stakeholder, part of the Anchor Group, a diversified FMCG company during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Vivek Venugopal, co-owner of the Kochi franchise during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Saket Mehta, Head of Anand Shah Estates (8%) stakeholder, and owner of Sur Gems Group during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Pooja Gulati, Director of Rendezvous Sports World Pvt Ltd during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Rendezvous Sports World spokesperson Satyajit Gaekwad interacts with media on the controversy over the shareholders of the Kochi franchisee at Parliament House in New Delhi on Thursday, 15 April 2010. Budget session of Parliament resumed on Thursday.

Kochi IPL Team Investor Jayant Kotalwar during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Kochi IPL Team Investor Jayant Kotalwar during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Rendezvous Sports World spokesperson Satyajit Gaekwad interacts with media on the controversy over the shareholders of the Kochi franchisee at Parliament House in New Delhi on Thursday, 15 April 2010. Budget session of Parliament resumed on Thursday.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited; Keshav T, Spokesperson of Film Waves Combine and Gujarati businessmen Vipul Shah during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited with Keshav T, Spokesperson of Film Waves Combine during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited with Keshav T, Spokesperson of Film Waves Combine during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited; Keshav T, Spokesperson of Film Waves Combine and Gujarati businessmen Vipul Shah during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited with Keshav T, Spokesperson of Film Waves Combine during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited; Keshav T, Spokesperson of Film Waves Combine and Gujarati businessmen Vipul Shah with officials during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.

Shailendra Gaekwad, CEO of Rendezvous Sports World Limited; Keshav T, Spokesperson of Film Waves Combine and Gujarati businessmen Vipul Shah during the press conference by Rendezvous Sports World, which has bought a Kochi-based Indian Premier League franchise for IPL Season four in Mumbai on Sunday,28 March 2010.