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Tollywood actor Nagarjuna Rao with Arun Pandey, CMD, Rihti Sports, rider, Kenan Sofuoglu, Mahendra Singh Dhoni, Captain, Indian cricket Team & Anurag Thakur, VP, BCCI poses during the launch of Mahi Racing Team India in Mumbai on Wednesday, 07 November 2012.

Tollywood actor Nagarjuna Rao with Arun Pandey, CMD, Rihti Sports, rider Kenan Sofuoglu, Mahendra Singh Dhoni, Captain, Indian cricket Team & Anurag Thakur, VP, BCCI poses during the renaming of MSD R-N Racing Team as Mahi Racing Team India in Mumbai on Wednesday, 07 November 2012.

BCCI President Shashank Manohar with Vice President Rajeev Shukla and Secretary N Srinivasan, addresses a press conference before the BCCI Annual General Meeting in Mumbai on Wednesday, 29 September 2010.

IPL Commissioner Lalit Modi arrives at Mumbai Chhatrapati Shivaji International Airport in Mumbai on Tuesday,20 April 2010.

IPL Commissioner Lalit Modi waves as he arrives at Mumbai Chhatrapati Shivaji International Airport in Mumbai on Tuesday,20 April 2010.

IPL chief Lalit Modi talks to media persons after out of his office following an Income Tax raid at the IPL headquarters and his office in Mumbai on Thursday, 15 April 2010.

IPL chief Lalit Modi talks to media persons after out of his office following an Income Tax raid at the IPL headquarters and his office in Mumbai on Thursday, 15 April 2010.

IPL chief Lalit Modi talks to media persons after out of his office following an Income Tax raid at the IPL headquarters and his office in Mumbai on Thursday, 15 April 2010.

IPL Commissioner Lalit Modi gestures during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi interacts with media during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi interacts with media during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi gestures during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi gestures during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi gestures during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi interacts with media during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

IPL Commissioner Lalit Modi during a press conference to announce the first IPL awards held on April 23 in Mumbai on Wednesday, 14 April 2010.

Bollywood Actor Sherlyn Chopra interacts with fans while IPL commissioner Lalit Modi looks on after watching an IPL match live in theatre at PVR Cinema in Mumbai on Sunday,28 March 2010.

IPL commissioner Lalit Modi watches an IPL match between Kolkata Knight Riders and Rajasthan Royals live in theatre at Cinemax in Thane on Sunday,28 March 2010.

IPL commissioner Lalit Modi and Bollywood Actor Sherlyn Chopra pose for the photographers after watching an IPL match live in theatre at PVR Cinema in Mumbai on Sunday,28 March 2010.

IPL commissioner Lalit Modi interacts with people while watching an IPL match live in theatre at PVR Cinema in Mumbai on Sunday,28 March 2010.

IPL commissioner Lalit Modi; Bollywood Actor Sherlyn Chopra and Sanjay Gaikwad, MD of UFO Moviez India Ltd pose for the photographers after watching an IPL match live in theatre at PVR Cinema in Mumbai on Sunday,28 March 2010.

IPL commissioner Lalit Modi enjoys ice cream after watching an IPL match live in theatre at PVR Cinema in Mumbai on Sunday,28 March 2010.

Raouff Ansari, MD of Finex Lifestyle Works Pvt Ltd and IPL Commissioner Lalit Modi during the unveiling of Swiss Watch Brand Bandelier"s watches for IPL Trophy in Mumbai on Saturday, 06 March 2010.

IPL Commissioner Lalit Modi with Raouff Ansari, MD of Finex Lifestyle Works Pvt Ltd unveil Swiss Watch Brand Bandelier"s watches for IPL Trophy in Mumbai on Saturday,06 March 2010.

IPL Commissioner Lalit Modi addresses while Raouff Ansari, MD of Finex Lifestyle Works Pvt Ltd looks on during the unveiling of Swiss Watch Brand Bandelier"s watches for IPL Trophy in Mumbai on Saturday, 06 March 2010.

IPL commissioner Lalit Modi addresses during the press conference to announce IPL joins hands with COLORS to launch a series of entertainment initiatives to attract more fans into the IPL fold in Mumbai on Friday,22 January 2010. COLORS will launch a series of entertainment shows around IPL and IPL players that will not only play out during the 45 day IPL 2010 season, but in the post season as well.

IPL commissioner Lalit Modi addresses during the press conference to announce IPL joins hands with COLORS to launch a series of entertainment initiatives to attract more fans into the IPL fold in Mumbai on Friday,22 January 2010. COLORS will launch a series of entertainment shows around IPL and IPL players that will not only play out during the 45 day IPL 2010 season, but in the post season as well.

IPL commissioner Lalit Modi addresses during the press conference to announce IPL joins hands with COLORS to launch a series of entertainment initiatives to attract more fans into the IPL fold in Mumbai on Friday,22 January 2010. COLORS will launch a series of entertainment shows around IPL and IPL players that will not only play out during the 45 day IPL 2010 season, but in the post season as well.

Gautam Anand, Director of Content Partnership, Asia Pacific; IPL commissioner Lalit Modi and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific pose for the photographers during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

IPL commissioner Lalit Modi addresses while Gautam Anand, Director of Content Partnership, Asia Pacific and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific look on during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

Chairman of Indian Premier League Lalit Modi addresses media during the Indian Premier League Auction 2010 in Mumbai on Tuesday, 19 January 2009. Sixty six players will be available for the auction for the third season of the Indian Premier League.

Gautam Anand, Director of Content Partnership, Asia Pacific signs on the bat and IPL commissioner Lalit Modi and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific holds a bat during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

IPL commissioner Lalit Modi interacts with media during the announcement of IPL partners with United Nations Environment Programme (UNEP) in Mumbai on Friday,22 January 2010.

IPL commissioner Lalit Modi interacts with media during the announcement of IPL partners with United Nations Environment Programme (UNEP) in Mumbai on Friday,22 January 2010.

IPL commissioner Lalit Modi shakes hands with Achim Steiner, UN Under-Secretary-General and Executive Director of UNEP during the announcement of IPL partners with United Nations Environment Programme (UNEP) in Mumbai on Friday,22 January 2010.

IPL commissioner Lalit Modi and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

IPL commissioner Lalit Modi addresses while Gautam Anand, Director of Content Partnership, Asia Pacific and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific look on during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

Gautam Anand, Director of Content Partnership, Asia Pacific; IPL commissioner Lalit Modi and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific pose for the photographers during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.

IPL commissioner Lalit Modi and Shailesh Rao, Managing Director of Google India and Media & Platforms, Asia Pacific during the signing of agreement by Google India with the Indian Premiere League and its licensing partner Global Cricket Ventures that will enable it to live stream all the action from latest season on a dedicated IPL channel on YouTube at www.youtube.com/ipl in Mumbai on Wednesday, 20 January 2010. Under the terms of this agreement, Goggle will have exclusive online rights for IPL content for two years and both Google and IPL will jointly share revenues from sponsorship and advertising on www.youtube.com/ipl and on www.iplt20.com.