Vijay Mallya resigns as director of RCB. Will son Siddharth take over?

| Thursday, March 17, 2016 - 21:18
First Published |
Vijay Mallya

New Delhi: IPL franchise, Royal Challengers Sports Private Limited, has written The Board Of Control For Cricket In India (BCCI), intimidating them about business tycoon Vijay Mallya’s resignation from the post of director of Royal Challengers Bengaluru (RCB).

According to sources, Russel Adams, an official from the RCB, sent an email to the IPL Governing Council regarding the current state of the role of the Director of the franchise.

“Yes, we received an email communication from Russell Adams, who will now be the man in-charge of the RCB team. The email stated that Vijay Mallya has resigned from his post as Director of RCSPL and will only be an Honorary Chief Mentor till his son Siddhartha is included in the Board of Directors,” a senior BCCI official said.

(Also Read: No bidders in e-Auction for Vijay Mallya's Kingfisher House)

The letter stated that Siddhartha Mallya will be present as a Board Directors “in a limited role should the members wish to consult him.”

Adams, who is vice-president, Commercial Operations and Cricket Academy at RCB, also made it clear that there will be “no change in ownership pattern” due to Mallya’s resignation.

“BCCI has some strict rules and regulations in place regarding franchise ownership changing hands. The owners need to intimate BCCI beforehand whether there is partial or complete transfer of stake. As of now they have made it clear there is no change in ownership pattern in RCSPL which is a subsidiary of United Spirits, which is controlled by Diageo,” the official said.

A day before Mallya was supposed to appear before ED, he resigned from the director’s post Royal Challengers Sports Private Limited. Vijay Mallya has sought time till early April to respond to summons issued by the Enforcement Directorate. The agency had issued summons to Mallya in a money laundering case. 

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