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Today, Modi remains under constant threat and is rumoured to travel in a bullet-proof car and to be protected by three layers of around-the-clock security.<ref>http://toostep.com/debate/with-terror-threat-to-tharoor-do-you-think-underworld-money </ref>
Today, Modi remains under constant threat and is rumoured to travel in a bullet-proof car and to be protected by three layers of around-the-clock security.<ref>http://toostep.com/debate/with-terror-threat-to-tharoor-do-you-think-underworld-money </ref>

Lalit and his family sometimes travel in a private 13-seat [[Bombardier Challenger 300]] jet.<ref>[http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Mrs-Praful-Patel-Venugopal-Dhoot-flew-with-Modi/articleshow/5846480.cms]</ref> He claims to have purchased it in 2008 for $20 million (Rs. 96 crore) but the [[DNA (newspaper)]] has reported that the aircraft is owned by somebody else, and its Rs. 3 lakh/hour operating fees are paid for by the [[Indian Premier League|IPL]].<ref>[http://www.dnaindia.com/sport/report_is-ipl-paying-lalit-modi-to-use-his-own-plane_1374930]</ref>


===Education===
===Education===
Line 50: Line 48:
Modi started a 10-year joint venture with [[Walt Disney Pictures]] in 1993, called ''Modi Entertainment Networks'' (MEN), to broadcast some of Disney's content in India, including [[Fashion TV]].<ref name="Singh">{{cite web|last=Singh|first=Rohini|title=Lalit Modi involved in betting, murky deals: I-T report|work=Times of India|date=2010-04-19|url=http://timesofindia.indiatimes.com/india/Lalit-Modi-involved-in-betting-murky-deals-I-T-report/articleshow/5830420.cms |accessdate=2010-04-20}}</ref><ref>{{cite web|last=Das|first=Sibabrata|title=ESPN to end distribution pact with Modi Entertainment Network|work=Express India|date=|url=http://www.screenindia.com/old/may26/tele9.htm |accessdate=2010-04-20}}</ref>
Modi started a 10-year joint venture with [[Walt Disney Pictures]] in 1993, called ''Modi Entertainment Networks'' (MEN), to broadcast some of Disney's content in India, including [[Fashion TV]].<ref name="Singh">{{cite web|last=Singh|first=Rohini|title=Lalit Modi involved in betting, murky deals: I-T report|work=Times of India|date=2010-04-19|url=http://timesofindia.indiatimes.com/india/Lalit-Modi-involved-in-betting-murky-deals-I-T-report/articleshow/5830420.cms |accessdate=2010-04-20}}</ref><ref>{{cite web|last=Das|first=Sibabrata|title=ESPN to end distribution pact with Modi Entertainment Network|work=Express India|date=|url=http://www.screenindia.com/old/may26/tele9.htm |accessdate=2010-04-20}}</ref>


===ESPN Star Sports Deal===
In 1994, he became the pan-India distributor of [[ESPN]] on a ten-year contract worth $975 million. His job was to collect money from the cable companies in India in exchange for them broadcasting [[ESPN]].<ref>http://expressbuzz.com/cricket/the-other-side-of-lalit-modi/167143.html</ref>
In 1994, he became the pan-India distributor of [[ESPN]] on a ten-year contract worth $975 million. His job was to collect money from the cable companies in India in exchange for them broadcasting [[ESPN]].<ref>http://expressbuzz.com/cricket/the-other-side-of-lalit-modi/167143.html</ref>


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During his time at the BCCI, Lalit Modi concluded the following deals:
During his time at the BCCI, Lalit Modi concluded the following deals:


* Pan-India distributor deal with [[ESPN]] on a ten-year contract - $975 million in 1994
* Team Sponsorship Deal for Team India with Sahara group for 4 years - $103 million (415 Crores) on 20.12.05<ref>http://pakstop.com/pmforums/f15/lalit-modi-a-drug-dealer-and-serve-jail-time-in-usa-91830/</ref>
* Team Sponsorship Deal for Team India with Sahara group for 4 years - $103 million (415 Crores) on 20.12.05<ref>http://pakstop.com/pmforums/f15/lalit-modi-a-drug-dealer-and-serve-jail-time-in-usa-91830/</ref>
* Team Apparel Sponsor Deal for Team India with Nike for 4 year - $53 million (215 Crores) on 24.12.05<ref>http://www.slideshare.net/shubhamworld/lalit-modi</ref>
* Team Apparel Sponsor Deal for Team India with Nike for 4 year - $53 million (215 Crores) on 24.12.05<ref>http://www.slideshare.net/shubhamworld/lalit-modi</ref>

Revision as of 19:56, 21 November 2010

Lalit Kumar Modi
Born (1963-11-29) November 29, 1963 (age 60)
EducationBusiness Administration graduate from Pace University, New York[1]
Alma materDuke University[2]
Occupation(s)Executive Director of Godfrey Phillips India, President and Managing Director of Modi Enterprises and Vice President of the Board of Control for Cricket in India (BCCI).
ChildrenKarima Burman[3], Aliya Modi and Ruchir Modi[4]

Lalit Kumar Modi, (Hindi: ललित कुमार मोदी; born November 29, 1963, Delhi, India) is the founder and architect of the Indian Premier League.[5]

Best known for his stint as the Chairman and Commissioner of the Indian Premier League and the Chairman of the Champions League, between 2008 and 2010, he has also occupied the roles of Vice President of the Board of Control for Cricket in India (BCCI), between 2005 and September 2010, and Vice President of the Punjab Cricket Association.[6]

Lalit Modi is also the President and Managing Director of Modi Enterprises and the Executive Director of Godfrey Phillips India.[7]

Early Life

Lalit Modi was born in a wealthy and successful business family. His father Krishan Kumar Modi is Chairman of Modi Enterprises, a Rs40 billion business empire, which was founded by his grandfather, Raj Bahadur Gujarmal Modi, who also founded the town of Modinagar.[8]

Family

Lalit Modi is married to Minal, whom he met while studying in the USA.[9] Modi has three children, Karima, Ruchir and Aliya. Ruchir lives in Mumbai and studies at the American School of Bombay. Aliya currently studies in Switzerland. Karima, who is Minal’s daughter from a previous marriage, is married and currently living in London. Karima has a daughter named Arya.[10][11]

Family Security Threat

In March 2009 the Mumbai police arrested and interrogated Rashid Malabari, who is reportedly the hit man of underworld don Chota Shakeel.[12] During the interrogation, Malabari revealed that the there was a plan to assassinate Lalit Modi, his wife Minal and son Ruchir.[13]

This was later cross-referenced by a government intelligence agency, who picked up a phone conversation between Chota Shakeel and his boss Dawood Ibrahim instructing him to hire four assassins to carry out the assignation of Modi and his family in either South Africa or in India.[14]

Today, Modi remains under constant threat and is rumoured to travel in a bullet-proof car and to be protected by three layers of around-the-clock security.[15]

Education

Lalit Modi joined Bishop Cotton School in Shimla, Asia's first boarding school, in 1971.[16] Modi is noted to have been a brilliant sportsman and used to play a number of sports, including cricket.[17] He also attended St Joseph's College in Nainital. Having scored well in the SAT, he chose to skip the school-leaving examinations, which were required for entrance to colleges and universities in India, and travelled to the United States to continue with his studies, where he studied Electrical Engineering and Business Administration at Pace University and Duke University, between 1983 and 1986.[18]

On March 1, 1985, while a sophomore at Duke University, Modi was arrested on charges of conspiracy to traffic cocaine, assault and second-degree kidnapping. On April 2, 1985, Modi and another student were indicted.[19] Modi pleaded guilty to the crime when the case was heard in the Durham County court, North Carolina and later entered a plea bargain, which resulted in a suspended two year prison sentence.[2][20] An article in Tehelka magazine alleges that Modi was involved in a court case for cocaine abuse as recently as 2006 in the UAE.[20]

Business Career

Modi is the President and Managing Director of Modi Enterprises, an iindustrial conglomerate created and run by his family.[21] Modi has been the Executive Director of Godfrey Phillips India since 1992[1], one of India's largest tobacco companies.[22] The company is jointly promoted by the Modi Enterprises and Philip Morris International.[23]

Modi Entertainment Networks

Modi started a 10-year joint venture with Walt Disney Pictures in 1993, called Modi Entertainment Networks (MEN), to broadcast some of Disney's content in India, including Fashion TV.[24][25]

In 1994, he became the pan-India distributor of ESPN on a ten-year contract worth $975 million. His job was to collect money from the cable companies in India in exchange for them broadcasting ESPN.[26]

The deal, gave ESS exclusive global commercial rights for all T20 Champions League seasons until 2017, making it the highest cricket tournament by value on a per game basis.[27]

Apart from ESS, bids were received from Abu Dhabi Sports Club and Dubai International Capital (DIC). While the DIC bid was for $751.3 million, Abu Dhabi Sports Club’s bid, being a conditional one, was disqualified. ESS had bid $900 million for the deal and an additional $75 million for marketing.[28]

Of the deal, ESS Managing Director, Manu Sawhney said: “This deal will cement our relationship with BCCI, Cricket Australia and Cricket South Africa and we are committed to setting new benchmarks in broadcast and distribution.” Lalit Modi, who was IPL chairman and commissioner at the time, said: “We believe this is the best commercial deal for Champions League.”[29]

Other Interests

In 2002, he launched an online lottery business in Kerala called Sixo.[4] He later went into the real estate business in Rajasthan, with a company called Amer Heritage City Construction Pvt Ltd, where his wife, Minal, is a director.[30][31]

Tax Contributions

In the 2009-2010 financial year, Lalit Modi claimed the top slot as the highest tax payer in India, paying Rs 8 Crore.[32]

Cricket Administration

Himachal Pradesh Cricket Association

lalit Modi joined the Himachal Pradesh Cricket Association in 1999 (when it had no cricket stadia) after promising to build a cricket stadium that would be used to play cricket in the Indian summer.[33] In 2000, he started raising concerns with the way things were run in Himachal, and was booted-out when Mr. Prem Kumar Dhumal became the Chief Minister of Himachal Pradesh and installed his son as the President of the HP Cricket Association.

Rajasthan Cricket Association

In 2005, Lalit Modi joined the Rajasthan Cricket Association. He became a member of the Nagore district. He allegedly submitted his name to the RCA as Lalit Kumar, because he did not want to be "cut-off" like he was with the HPCA.[34] He raised concerns with the way RCA was run by the Rungta family for 40 years. There were 32 district associations in Rajasthan and 57 members, of which all 57 were related to the Rungta family. There were no elections in the RCA for 40 years.

He eventually became president of the Rajasthan Cricket Association, with the help of then Chief Minister of Rajasthan, Vasundhara Raje, who changed the law in Rajasthan, effective 18 August 2004, so that the RCA becomes a more democratic organisation with elections.[35]

Board of Control for Cricket in India

In 2004, Lalit Modi ran for President of Rajasthan Cricket Association and won, which entitled him to a seat on the Board of Control for Cricket in India.[36]

In 2005, Modi figured in a power struggle that resulted in Sharad Pawar, an influential politician and national cabinet minister, ousting former Indian cricket supremo and International Cricket Council Chief, Jagmohan Dalmiya, in the Board of Control for Cricket in India elections. Modi was then appointed Vice-President of the BCCI.[37]

Lalit Modi was heavily involved in the commercial side of the the Board of Control for Cricket in India and it is reported he was responsible for increasing the BCCI's revenues sevenfold between 2005 and 2008, with the BCCI then reporting annual revenues of over $1 billion.[38]

During his time at the BCCI, Lalit Modi concluded the following deals:

  • Pan-India distributor deal with ESPN on a ten-year contract - $975 million in 1994
  • Team Sponsorship Deal for Team India with Sahara group for 4 years - $103 million (415 Crores) on 20.12.05[39]
  • Team Apparel Sponsor Deal for Team India with Nike for 4 year - $53 million (215 Crores) on 24.12.05[40]
  • Media Rights Deal with Nimbus for 4 years - $612 million on 18.2.06[41]
  • Media Rights for overseas matches with Zee for 4 years - $219 million on 7.4.06[42]
  • BCCI Sponsorship Deal with WSG - $46 million (173 Crores) on 27.8.07[43]
  • IPL Media Rights Deal with Sony - $1.26 Billion on 15.1.08[44]
  • Web Media Rights to Live current Media - $50 million on 18.4.08[45]
  • IPL Title sponsorship and Ground sponsors - $220 million in March 2008[46]
  • Renegotiated with Sony WSG the IPL Media rights from $1.26 billion to over $2.46 billion on 25.3.2009[47]
  • IPL Theatrical Rights Deal with UFO and ESD for over 300 Crores on 12 November 2009[48]
  • IPL Entertainment Broadcast deal with Viacom for over $30 Million on 23 January 2010[49]
  • IPL undisclosed sum deal with Google and YouTube on 22 January 2010[50]

Punjab Cricket Association

Lalit Modi is currently the Vice President of the Punjab Cricket Association under the patronage of former Board of Control for Cricket in India President, I.S. Bindra.[51]

Indian Premier League

In 2008, Lalit Modi was instrumental in launching the Indian Premier League (IPL), a league based around Twenty20 cricket, where each team is limited to batting for a maximum of 20 overs.[52] he also engineered the Indian Premier League's move to South Africa in 2009 after the dates of the tournament clashed with the Indian general election and the Union Minister of Home Affairs, P. Chidambaram, could not commit to the security of the tournament.[53]

The IPL has since grown into one of the world's biggest sports, worth over US$4 billion.[54] The commercial success of the Indian Premier League and Modi's control of the league has led to him being compared to Don King and Bernie Ecclestone.[55]

In 2010, Modi oversaw the bidding process and creation of two new teams in the Indian Premier League. Pune and Kochi were declared the new franchises. A Twitter entry by Modi declaring the stakeholders of the Kochi IPL Team allegedly breaching confidentiality agreements led to the resignation of the then Indian Minister of State for External Affairs Dr. Shashi Tharoor.[56][2][57]

Modi was then suspended as Chairman and Commissioner of the IPL in April 2010.[58][2] A suspension notice and a 34-page letter stating 22 charges of impropriety were served via email to Modi. Modi publicly protested his innocence immediately after the 2010 Indian Premier League Final had been played.[59]

An income tax department report on Modi has revealed that he holds a silent stake in three IPL teams - the Rajasthan Royals, Kolkata Knight Riders and Kings XI Punjab.[60] Furthermore, there are questions as to whether Modi was involved in match fixing and betting in Indian Premier League games.[61] He is also under fire for helping his family and friends buy stakes in Indian Premier League teams.[62]

Awards and Recognitions

  • In February 2010, Sports Illustrated named Lalit Modi as the 2nd Most Powerful Person in Indian Sports[63]
  • On 28 December 2009, Business Standard named Lalit Modi as one of the ‘Game Changers of the Decade’[64]
  • On 26 September 2009, Lalit Modi was presented with the ‘Brand of the Year’ award by India Leadership Conclave[65]
  • In August 2009, Forbes Magazine described the IPL as ‘the worlds hottest sports league’ – a remarkable accolade from a US magazine less than a year after the IPL’s launch[66]
  • On 22 January 2009, Lalit Modi was given the ‘Sport Business Leader’ award by CBNC-TV18[67]
  • On 30 December 2008, SportzPower ranked Lalit Modi No 1 in their annual Top 20[68]
  • On 12 November 2008, Lalit Modi was given the SportsBusiness ‘Rushmans Award For Sports Event Innovation’ by Rushmans[69]
  • On 8 November 2008, Lalit Modi was given the ‘Teacher's Achievement of the Year’ award by Beam Global Spirits & Wine[70]
  • In October 2008, Business Week ranked Lalit Modi 19th in a list of 25 most powerful global sports figures[71]
  • On 24 October 2008, Lalit Modi was awarded for ‘Excellence in Innovation’ at the Frost & Sullivan Growth Excellence Awards[72]
  • On 6 October 2008, Lalit Modi was named ‘The Most Innovative Business Leader in India’ by NDTV Profit[73]
  • On 26 September 2008, Lalit Modi was presented with ‘The Consumer Award for Transforming Cricket in India’ by CNBC Awaaz[74]
  • On 25 September 2008, Lalit Modi was named ‘Brand Builder of the Year’ by Asia Brand Conference[75]
  • In August 2008, Lalit Modi was ranked number 17 in the leading sports magazine Sports Pro’s Power List of global figures connected with sports[76]
  • In July 2008, Time Magazine ranked Lalit Modi 16th in a list of the world’s best sports executives[77]
  • In July 2008 he featured on the cover of Sports Pro and was hailed as the Best Rain Maker (money maker) for any sports body in the history of sports globally[78]
  • On 21 June 2008, Lalit Modi was given the ‘Business Standard Award’ for making BCCI the Most Innovative Company in India for that year[79]
  • On 9 April 2006, Mike Atherton described Lalit Modi as arguably ‘the most important cricket administrator in the world today’[80]
  • In March 2008, Lalit Modi was listed among India's 30 most powerful people by the India Today magazine[81]

See also

References

  1. ^ a b [1]
  2. ^ a b c d Guha Ray, Shantanu (26 April 2010). "Lalit Modi: India's maverick impresario". Delhi: BBC News. Retrieved 26 April 2010.
  3. ^ http://timesofindia.indiatimes.com/ipl/photos/iplphoto/5726782.cms
  4. ^ [2]
  5. ^ http://www.ndtv.com/news/india/ipl-teams-the-silent-spectators-20474.php
  6. ^ http://www.espncricinfo.com/ci/content/story/365340.html?CMP=OTC-RSS
  7. ^ http://www.telegraphindia.com/1090419/jsp/7days/story_10842652.jsp
  8. ^ "Modi Enterprises - About Us - Founder". Modi Enterprises. Retrieved 5 February 2010.
  9. ^ http://www.telegraphindia.com/1090419/jsp/7days/story_10842652.jsp
  10. ^ http://lifestyle.in.msn.com/gallery.aspx?cp-documentid=3874970&page=5
  11. ^ http://www.telegraphindia.com/1090419/jsp/7days/story_10842652.jsp
  12. ^ http://www.iplcricketlive.com/indian-premier-league-news/lalit-modi-a-marked-man-threat-from-the-underworld/
  13. ^ http://www.cricketvoice.com/cricketforum2/index.php?topic=23322.0;wap2
  14. ^ http://www.iplpulse.com/ipl/ipl-chairman-lalit-modi-too-on-shakeel-hit-list/
  15. ^ http://toostep.com/debate/with-terror-threat-to-tharoor-do-you-think-underworld-money
  16. ^ http://www.mid-day.com/news/2010/apr/260410-IPL-Lalit-Modi-Bishop-Cotton-School.htm
  17. ^ http://www.mid-day.com/news/2010/apr/260410-IPL-Lalit-Modi-Bishop-Cotton-School.htm
  18. ^ http://investing.businessweek.com/research/stocks/people/person.asp?personId=26120447&ticker=874649
  19. ^ http://www.telegraph.co.uk/sport/cricket/international/england/2303250/Drugs-and-kidnap-charges-could-bring-down-Indian-Premier-League-chief-Lalit-Modi.html
  20. ^ a b Sharma, Nagendar; Gupta, Varun (28 May 2008). "Drug rap returns to haunt IPL boss Modi". Hindustan Times. Retrieved 25 January 2010. Cite error: The named reference "drug_charge" was defined multiple times with different content (see the help page).
  21. ^ http://www.timesonline.co.uk/tol/news/world/asia/article7058994.ece
  22. ^ http://www.timesonline.co.uk/tol/news/world/asia/article7058994.ece
  23. ^ http://www.thehindubusinessline.com/life/2007/06/29/stories/2007062950030100.htm
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  25. ^ Das, Sibabrata. "ESPN to end distribution pact with Modi Entertainment Network". Express India. Retrieved 2010-04-20.
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  27. ^ http://economictimes.indiatimes.com/News/News_By_Industry/Media__Entertainment_/Media/ESPN_strikes_975m_deal_for_T20_league/articleshow/3473205.cms
  28. ^ http://www.businessstandard.com/india/storypage.php?autono=334250
  29. ^ http://champions-twenty20-league.com/champions-cricket-league-2008-live-broadcast.php
  30. ^ http://www.espncricinfo.com/ci/content/story/365340.html?CMP=OTC-RSS
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  32. ^ http://timesofindia.indiatimes.com/biz/india-business/Lalit-Modi-Jagan-among-toptaxpayers/ articleshow/5182297.cms
  33. ^ - Modi iview with Rahul Bhatia in 2006
  34. ^ http://timesofindia.indiatimes.com/sports/cricket/top-stories/Lalit-Modi-loses-Rajasthan-Cricket-Association-elections/articleshow/5310837.cms
  35. ^ [3]
  36. ^ http://www.india-server.com/news/ipl-chief-lalit-modi-loses-rca-election-6385.html
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  38. ^ http://www.theage.com.au/articles/2008/03/07/1204780070687.html?page=fullpage#contentSwap2
  39. ^ http://pakstop.com/pmforums/f15/lalit-modi-a-drug-dealer-and-serve-jail-time-in-usa-91830/
  40. ^ http://www.slideshare.net/shubhamworld/lalit-modi
  41. ^ http://www.hindustantimes.com/Dalmiya-raises-doubt-over-Nimbus-deal/Article1-72260.aspx
  42. ^ http://www.slideshare.net/shubhamworld/lalit-modi
  43. ^ http://www.sportzpower.com/?q=content/wsg-sponsorship-rights-deal-bcci-renewal
  44. ^ http://thatscricket.oneindia.in/news/2008/01/14/sony-wsg-strike-ipl-media-rights-deal.html
  45. ^ http://livecurrent.com/perfect-pitch-scores-a-deal-400.html
  46. ^ http://www.theaustralian.com.au/news/sport/ipl-winner-looks-to-be-worth-215m/story-e6frg7rx-1111118864162
  47. ^ http://www.financialexpress.com/news/broadcasters-face-the-music-now/609584/
  48. ^ http://www.sportzpower.com/?q=content/esd-wins-10-year-ipl-theatrical-rights-rs33bn
  49. ^ http://www.thehindubusinessline.com/2010/06/27/stories/2010062752080100.htm
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  52. ^ http://www.telegraph.co.uk/sport/cricket/twenty20/ipl/5370496/Lalit-Modi-unveils-ambitious-IPL-plans-for-global-domination.html
  53. ^ http://www.telegraph.co.uk/sport/cricket/twenty20/ipl/5370496/Lalit-Modi-unveils-ambitious-IPL-plans-for-global-domination.html
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  55. ^ http://news.bbc.co.uk/1/hi/8643753.stm
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  57. ^ "Shashi Tharoor Resigns: India Cricket Scandal Takes Down Government Minister". Huffington Post. 19 April 2010. Retrieved 20 April 2010.
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  61. ^ http://www.ptinews.com/news/616854_-If-betting-charges-prove--it-would-be-a-blot-on-IPL
  62. ^ http://timesofindia.indiatimes.com/iplarticleshow/5831731.cms
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  64. ^ http://www.business-standard.com/india/news/the-game-changers/380967/
  65. ^ http://www.yourstory.in/news/2624-india-leadership-conclave-felicitates-indias-top-business-achievers
  66. ^ http://www.forbes.com/2009/08/27/cricket-india-ipl-business-sports-ipl.html
  67. ^ http://multivu.prnewswire.com/mnr/cnbctv18-ibla/36775/
  68. ^ http://www.sportzpower.com/?q=node/1165/pdf
  69. ^ http://www.rushmans.com/briefings/b200811.html
  70. ^ http://www.beamglobal.com/cs/news/news_detail?pressrelease.id=1276
  71. ^ http://www.businessweek.com/magazine/content/08_41/b4103062511137.htm
  72. ^ http://www.frost.com/prod/servlet/press-release.pag?docid=146739069
  73. ^ http://www.pakistan.tv/videos-most-innovative-business-leader-of-india--%5B9H9ypia1Cs0%5D.cfm
  74. ^ http://www.newstrackindia.com/newsdetails/19823
  75. ^ http://www.hindustantimes.com/StoryPage/Print/375770.aspx
  76. ^ http://www.funenclave.com/cricket-chat/lalit-modi-ipl-and-indian-cricket-22961.html
  77. ^ http://www.time.com/time/specials/packages/article/0,28804,1820667_1819759_1819780,00.html
  78. ^ http://thatscricket.oneindia.in/news/2008/09/13/lalit-modi-is-the-chairman-of-champions-league.html
  79. ^ http://www.currentweek.net/2010/01/most-influential-indians-of-decade-in.html
  80. ^ http://www.telegraph.co.uk/sport/cricket/2335008/Modi-masterminds-Indias-billion-dollar-bonanza.html
  81. ^ http://www.theage.com.au/articles/2008/03/07/1204780070687.html?page=fullpage#contentSwap2

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