Cricketer Sachin Tendulkar, who is one of the co-proprietors of the Indian Super League (ISL) outfit Kerala Blasters Ft club membership, probably will be selling off his shares inside the franchise before the start of the new season of ISL. While it couldn’t be shown precisely how a lot stake Tendulkar had in the franchise, those within the recognition of factors said that it’s something around 20 percentage.There are rumors that a billionaire industrialist Lulu Chairman with interest in hypermarket chain and purchasing department stores could be buying Tendulkar’s stake.
Tendulkar had sold the Kochi-based franchise back in April 2014 along with entrepreneurs Prasad V Potluri.In 2015, Potluri and his organization PVP Ventures offered off their stakes and Tendulkar had then ended up forty percentage stakeholder within the franchise. In 2016, Prasad at the side of the heavyweights of Southern movie industry joined forces with Tendulkar. It becomes learned that even as they offered the 60 according to % stakes, a further 20 percent became sold from Tendulkar also. Lulu group worldwide, owned by using Kerala businessman Yusuff Ali MA, will take over Blasters sports Pvt Ltd, the owners of Kerala Blasters soccer club. Currently, the Hyderabad-based media and entertainment residence Prasad organization hold eighty in keeping with cent share in the franchise, at the same time as the rest 20 consistent with cent is held via former Indian cricketer Sachin Tendulkar.
The Lulu organization owns the LuLu worldwide shopping center in Kochi that is the most important buying complex in India in phrases of general location. The UAE based totally employer is a retail large with a strong presence inside the conventional supply chain from manufacture to import and export. The group’s flagship retail chain of LuLu Hypermarkets and Supermarkets is currently rated as one of the important gamers in the center East retail area with greater than a hundred shops inside the area. The LULU group has not officially announced any further news regarding this.