NEW DELHI // India’s supreme court on Monday delayed N Srinivasan’s return as the country’s cricket chief, saying there was “something seriously wrong” with the body that controls the sport in the cricket-crazy nation.
The 68-year-old cement tycoon, widely regarded as the most powerful man in world cricket, had been elected unopposed as the head of the Board of Control for Cricket in India (BCCI) for a third year on Sunday.
But the court barred Srinivasan from taking charge until it had ruled on a petition against him over a spot-fixing scandal in the Indian Premier League (IPL), a popular Twenty20 tournament run by the board.
“The fact that so many things are coming out of the IPL and BCCI, something is seriously wrong with the apex body controlling cricket,” the court said during Monday’s hearing.
“Why has the BCCI lost its credibility? The only thing to be seen is how Srinivasan being the president will affect the IPL probe.”
The court also fixed October 7 as the next date of the hearing.
A cricket body in the eastern state of Bihar which is not affiliated to the BCCI had asked the court to prevent Srinivasan’s return on moral grounds because his son-in-law had been charged in the scandal.
The son-in-law, Gurunath Meiyappan, is among several officials, players and bookmakers charged with cheating and criminal conspiracy, although the BCCI chief himself has not been accused of any wrongdoing.
Srinivasan temporarily stepped aside as president in June when Meiyaappan was named in the scandal, and handed interim control to Jagmohan Dalmiya, a former head of the International Cricket Council.
Srinivasan has publicly distanced himself from his son-in-law, who was the team principal of the Chennai Super Kings, the IPL franchise owned by India Cements and captained by national skipper MS Dhoni.
The Bihar association had argued in court that an internal BCCI probe panel had absolved Srinivasan, Meiyappan, India Cements and other IPL officials of wrongdoing even before police had filed charges in court.
The BCCI has not said who will head it until the Supreme Court delivers its verdict, or whether fresh elections will be held if Srinivasan is subsequently barred from holding office.
Srinivasan’s hold on world cricket stems from India’s vast television audience, which enables the country to generate almost 70 percent of the game’s revenues.
sports@thenational.ae
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Shower or bath after being outside.
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Schedule:
Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles
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States of Passion by Nihad Sirees,
Pushkin Press
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Brief scores:
Everton 2
Walcott 21', Sigurdsson 51'
Tottenham 6
Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'
Man of the Match: Son Heung-min (Tottenham Hotspur)
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Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
A Cat, A Man, and Two Women
Junichiro Tamizaki
Translated by Paul McCarthy
Daunt Books
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List of officials:
Referees: Chris Broad, David Boon, Jeff Crowe, Andy Pycroft, Ranjan Madugalle and Richie Richardson.
Umpires: Aleem Dar, Kumara Dharmasena, Marais Erasmus, Chris Gaffaney, Ian Gould, Richard Illingworth, Richard Kettleborough, Nigel Llong, Bruce Oxenford, Ruchira Palliyaguruge, Sundaram Ravi, Paul Reiffel, Rod Tucker, Michael Gough, Joel Wilson and Paul Wilson.