Lalit Modi is a player.
Lalit Kumar Modi, (Hindi: ललित कुमार मोदी; born November 29, 1963, Delhi, India) is an Indian cricket administratorand businessman.
He is best known as the Chairman and Commissioner of the Indian Premier League,
Chairman of the Champions League (since September 2008),
Vice President of the Board of Control for Cricket in India (BCCI) since 2005 and Vice President of the Punjab Cricket Association.
Modi is also the President and Managing Director of Modi Enterprises and the Executive Director of Godfrey Phillips India.
Lalit Kumar Modi serves as Executive Director of Godfrey Phillips India Ltd. Mr. Modi Studied Electrical Engineering and Business Administration at Pace University & Duke University, U.S.A. during 1983-86. Mr. Modi Underwent Training with Philip Morris Inc., New York in 1984 and Estee Lauder in 1985. Management Trainee Finance in Godfrey Phillips India Ltd. in 1986.
President of International Tobacco Company Limited from 1987 to 1991. Associated with Godfrey Phillips ... India Ltd. since February, 1992 as an Executive Director and acquired considerable experience in finance, marketing, advertising and administration.
Mr. Modi other directorships are
Indofil Organic Industries Limited,
Modicare Limited,
Modi Reach Finance & Investment (India) Limited,
Indian Cricket League Limited,
MEN Interactive Network Limited,
Modi Entertainment Limited Also chairman of Audit Committee),
Success Principles Limited,
Modicare Sales & Services Limited,
Modern Home Care Products Limited.
ANNUAL COMPENSATION with only from GPI is as below
Salary1,500,000Total Annual Compensation1,500,000 STOCK OPTIONS*
All Other Compensation3,596,903 TOTAL COMPENSATION*
Total Annual Cash Compensation1,500,000Total Short Term Compensation1,500,000Other Long Term Compensation3,596,903Total Calculated Compensation5,096,903
Rest we can assume easily ; what this guy is capable of
and every single penny is LEGAL AND EARN WHILE PAYING TAXES PROPERLY AND REGULARLY
He attended boarding schools like Bishop Cotton School in Shimla and others in Nainital. He disliked school, and often ran away. After his schooling, he was determined to continue with his studies in the United States. He scored well in the SAT and chose to skip the school-leaving examinations, which were required for entrance to colleges and universities in India. Subsequently, he gained a place at Duke University in Durham, North Carolina, United States. Modi is a vegetarian and a teetotaller.
Modi had claimed the top slot as the highest tax payer in the country for the 2009-2010 fiscal. He paid Rs 8 crore in the first half of the current fiscal.
He is currently married to Minal, who he met while he was a student in the US and she was already married and a friend of his mother. She was nine years his senior and was then living in London with her family. Minal got a divorce, and she and Lalit were married in Mumbai despite his family’s initial disapproval.
Modi has had two children named Ruchir and Aliya from his marriage with Minal. Son Ruchir lives in Mumbai with Modi and studies at the American School of Bombay. Aliya currently studies in Switzerland. Minal has a daughter named Karima from her earlier marriage. Karima is married and lives in London presently. Karima has a daughter named Arya.
Lalit and his family sometimes travel in a private 13-seat Bombardier Challenger 300 jet. He purchased it in 2008 for $20 million (Rs. 96 crore)
The 5 cHARGES by BCCI
1 Bidding of Rajasthan Royals and Kings XI Punjab
The owners of the two teams and their payment have been of utmost concern that came in after the I-T probe. A hidden name of Suresh Chellaram from Nigeria, mentioned in the document as "co brother-in-law" (sic) of Lalit Modi who controls 25 per cent of Rajasthan Royals' team allegedly fronting for Modi cropped up.
In case of the Punjab team, Akash Arora who owns a call centre in Delhi, Netlink Blue, holds certain part of the team. He is fronting for Modi and probably holds the shares as nominee shareholder in trust for Modi through an entity held in a tax haven.
2 Allegations relating to Broadcasting deals
Nimbus had won television rights for Tests and limited overs cricket and had proposed a league on the lines of IPL in 2006. They had submitted a proposal to BCCI in 2006. In 2007, under threat of Indian Cricket League, BCCI appointed Modi as IPL commissioner and he was able to ensure that "IMG an illiquid company" that had virtually become redundant in Indian and world cricket was given IPL rights without a bidding at 10 per cent of the profits. Modi had done this to make up for his personal issues with them.
3 Bid rigging of two new franchises (Kochi and Pune)
The controversy that led to Modi's ouster was the bid rigging of the two new franchises, especially Kochi. BCCI has asked him to come clean on the bidding pattern and the names of the owners of the team. Also, as to what was the reason for him trying to get the team for Ahmedabad and not Kochi. The whole pattern of bidding has been under question.
4 Internet rights to Netlink Blue
Netlink Blue's owner Akash Arora is a part-owner of Kings XI Punjab. Internet rights of BCCI and IPL were given through a tendering process to Netlink and associated with Live Current based in Canada. Where the tendering process was for five years, rights were given for 10 years and far in excess of the rights actually being tendered. Modi's close links with Netlink are established through a series of e-mails wherein Modi had allegedly given Netlink illegal live feeds of Australia-India series before the BCCI president intervened and stopped this illegal sale of a right.
5 Modi's behavioural pattern
According to a source, his behavior pattern has been the main concern that went against him. He kept the BCCI in the loop about a number of things and also threw attitude, as if he were above the council. BCCI was ignorant about a number of things in relation to IPL, as Modi did not inform them. He has also been threatening the BCCI for the last few days, since the controversy broke out.
Now Lait Modi's LATEST TWEETS AFTER BCCI PRESSED THESE 5 CHARGES
" Had a restful day. Been in the spa all day. Much needed rest.Thank you all for your message of support. It is really appreciated. I am still chairman of IPL. Just suspended. Wait - we have just begun. "
THE sOCIAL DOCTOR'S TAKE
1. Modi has Done awesome brilliant Job in creating , developing , marketing and retaining the IPL for India and for Cricket
2. Media has started gunning for him without any bases by creating fussy and dumb BREAKING NEWS like he has paid so much of IT ;money came in from mauritius , Dabur Owner is dummy for him; his relative are the owners
is any of the above things are illegal or were not in public Domain
Kiddish and immature Indian Media
3. Why BCCI Avoided meeting Modi in Governing Council meeting; they could have meet him and ask him in person of all the allegations
why BCCI got afraid and of What
Covert and suspicious BCCI team and mgmt
4. BCCI President thrown whole allegation dirt on modi ; what these guys were doing from last three years, BUNCH of jokers trying to be Heroes of Chandi chowk to China
5. Regarding the attitude of Modi ; its seems childish and school going compliant by a Lawyer and President of BCCI
aren't these guys aware of Modi who is VP - BCCI since 2005
Height of Stupidity by BCCI President and also the case of SELF MOCKERY
Final words
Modi - Keep Fighting till the End and try to outsource t20 Tournament of either UK or Australia as Indians will never pay dues to what ever you have done. you have done it , rest are only speaking . BRAVO
Media- Stop Speculating , Judging , Creating Perception based on the reports from Sources and also by shouting stupid allegations as BREAKING NEWS
We understand you have to run 24 by 7 but that doesn't mean the hot air balloon to be attached with every News
- What happen to - Aarushi , Icchadhari Baba ; Ruchika when there is Flood in Assam , killings in Orissa by naxalas , corruption in Food ministry etc
BCCI - for grace sake , Plz be mature and professional and stop behaving like a drama company of queers
stop feeling jealous
Last week, when the 46-year-old creator and Commissioner of the Indian Premier League (IPL) sent out a tweet about a government minister's "role" in procuring a team, he knew fully well that the bright in-your-face circus lights were going to swivel away from the cricketers, the pitch, the cheerleaders, the crowds, the gladiatorial bouts under the floodlights and the after-match parties to a more shadowy zone off the field.
That suits him just fine. Because Modi, described by someone from a cricket franchise as "the black sheep of his family", is perfectly comfortable in the shadows. He's been in and out of them throughout his life.
The mythology swirling around this driven man with a sugar addiction — he takes at least four spoons in his coffee — is rich, almost gobbling up the real Lalit Modi, whose rise, and rise to the power centre of Indian cricket — a giant hall space where money, politics and glamour have all set up their stalls — is by itself a case study of controlled chaos.
His vertiginous climb really started not in the still safari-suited corridors of the Board of Control for Cricket in India (BCCI) during the Jagmohan Dalmiya years in the 90s, but in the mid-80s, when India was still content to bask in the 1983 Prudential Cup victory afterglow, and Oliver Stone's Michael Douglas-Charlie Sheen-starring Wall Street was the iconic film for young driven men lusting for money and, above all, power.
The 20-year-old Modi was one such driven young man, who, as a student in Duke University in the United States, was also honing his skills working in the American tobacco company Philip Morris in 1985 and cosmetic giant Estée Lauder in 1986.
It was during this time as a Duke University student that Modi was convicted in 1985 for possessing 400 grams of cocaine and charged with assault and kidnapping, for which he was given a suspended two-year prison sentence.
Today, more than 20 years after entering a plea bargain in a North Carolina court, he vehemently denies the charges.
"I've got no idea about these allegations, which have been investigated and nothing was found. Several people, including [industrialist and former BCCI vice-president] Kamal Morarka had raised the issue but in vain."
The Times, London, edition of March 1, 1985, in the newspaper's archives still records an Associated Press news report headlined: 'Drug buyers robbed at gunpoint: Duke students charged in robbery', with the paragraph, "Lalit Kumar Modi of New Delhi, India, a Duke sophomore. He was arrested Tuesday night on charges of conspiracy to traffic cocaine and assault with a deadly weapon with intent to kill."
It was clearly time for Modi to go back home.
Back from the USA
After a stint as president of the Ghaziabad-based Modi Enterprises-owned International Tobacco Company from 1987 to 1991, he was appointed in 1992 as an executive director of Godfrey Philips India Ltd, India's second-largest cigarette manufacturer. It was during this time that Modi realised that it was in the big, phat world of entertainment where he would shake his moneymaker.
The early 90s and the return to India didn't quite change the "work hard, play hard" high-energy jinks of Modi. The tales of him spending raucous, intoxicated evenings at the Taj Mahal hotel's coffee shop, Machan, and nightclub, Number One, are not yet forgotten by well-heeled Delhiites. As one of them remembers,
"He used to get drunk and pick on foreigners twice his size. Daddy's friends in the hotel industry had a regular job in saving him from being beaten up."
Another story has Modi losing more than a crore rupees on a Diwali gambling night at the then Lalit Suri-owned Inter-Continental Hotel in Delhi.
"He couldn't pay up and the winners refused to let him leave the hotel. Mr Suri had to call up Modi Sr who had to provide the money. Only then could Lalit leave the hotel."
But at the same time, Modi was getting into the relatively untapped field of sports entertainment. He was tasting success.
His Modi Entertainment Network in 1993-94 started distributing the Disney-owned American sports channel ESPN in India. Some credit him with persuading ESPN to start showing cricket matches on the channel. In 1994-95, he also floated what was then considered a strange idea: an Indian Premier League modelled on the English Premier League in football. The Board of Control for Cricket in India (BCCI) wasn't interested.
"I don't know the reasons and compulsions of the BCCI. But I was determined to achieve this mission," Modi said from Dharamsala on Friday.
"I had even formed an Indian Cricket League but failed to implement my plan to start the IPL."
Any other person, perhaps, would have packed up his power point presentation, settled down in a profitable sports entertainment distribution business and been content with working up the chain in the family business empire. Not Lalit Modi. He was a player, even then.
Realising a dream Modi realised that to get the BCCI to realise his dream of making cricket in India a mega-corporate entity, he would have to enter the BCCI citadel itself. The journey from the boundary to lording over the pitch started in earnest in March 2003 when Modi got himself nominated as the president of the Nagaur District Cricket Association in Rajasthan.
He managed to rope in former Chief Minister Vasundhara Raje to oust the Rungta family, which had controlled the Rajasthan Cricket Association (RCA) for 38 years. To facilitate his entry, the Raje government got IAS officer Sanjay Dixit (who is the current RCA general secretary) to come up with the Rajasthan Sports Act.
This single stroke changed the rules of elections, providing a major say to district units during the RCA presidency elections, which until then in Rajasthan and unlike, say in Delhi and Kolkata, did not allow members to elect the state cricket association president.
Modi defeated Kishore Rungta and was RCA president from February 2005 to March 2009 — enough time to hone and perfect the masterplan from within the BCCI citadel.
His unorthodox entry into BCCI earned Modi many enemies. But some of them don't deny the man's sheer drive for success and ability to deliver.
Kishore Rungta, Modi's predecessor as RCA president, is generous about his usurper's talents.
"Modi is one of the top-level managers and the IPL is proof. He fought the election against me but that can't take away the credit of his taking cricket to new heights."
Modi's arch-rival and RCA Secretary Sanjay Dixit, however, is less diplomatic. "He rubs everyone the wrong way and doesn't believe in functioning in a democratic style."
It's this arrogance, devil-may-care haughtiness that Modi has never cared to hide which makes him the larger-than-life, much-larger-than-cricket anti-hero.
"He doesn't sleep for more than two to three hours, and has an incredible amount of energy — energy that can make him suddenly scream at underlings and employees for no real reason and at the same time shower them with gifts from his own pocket," says someone who has seen him from close quarters during the last three years of IPL.
Family man
Hard as it may be to imagine, the IPL man, surrounded by all those swirling tales of sex-drugs-n-rock-n-rolling-in-cash, is also a father and husband. There is Lalit Modi, the family man.
His wife Minal has been ailing from breast cancer for the past 12 years. Older than him, she was Lalit's mother's friend, and he was disowned by his family when they got married.
His 17-year-old son Ruchir studies at the American School in Mumbai and his 16-year-daughter Aliya in a school in Switzerland.
When with them, Modi hardly seems what the British daily, The Independent, described him as: "A man who could divide the Red Sea."
But then, Modi is certainly, at least in his own head, a Moses taking on the Pharoahs of the Indian establishment, whether they be politicians or fellow cricketwallas. He certainly didn't sound perturbed on Friday, the day after the Income Tax Department officials carried out a 'survey' and 'recovered documentation' from Modi's IPL office at the Four Seasons Hotel in Parel.
"It's success that attracts all sorts of criticism. I've got nothing to hide and I'll cooperate with income tax authorities or anyone else. It's only if you're unsuccessful that everyone leaves you alone."
It's that gumption, that chutzpah, that makes Lalit Modi stand out — both as a visionary with a genius to make an Rs 40,000 crore entertainment empire out of a gentleman's game, as well as the bad boy who doesn't care about the rules as long as the game afoot is won.
It's this in-your-face, high-energy contradiction in one guy in Guccis with a perpetual sugar rush that makes Lalit Modi a player.
He's certainly not done playing yet.