Vijay Mallya Quits As RCB Director

Royal Challengers Bangalore (RCB) has confirmed to the BCCI that Russell Adams has been designated as points man for all further correspondence. The decision has been taken when Mr. Vijay Mallya has resigned as the director of the Royal Challengers Sports Private Limited (RCSPL) on Thursday. But he will hold the post of chief mentor.

Royal Challengers Bangalore (RCB) has confirmed that the founding promoter of the Bengaluru franchise of the Indian Premier League (IPL). RCSPL, the company that runs the daily affairs of the RCB team. Mallya has been representing the UB Group as Chairman from 2008 by a bid for the Bangalore team at $ 111.6 million for ten years (2008-2017). 

RCSPL is a subsidiary of United Spirits which is controlled by Diageo. As per IPL rules, a team has to inform the governing council if any ownership pattern has changed. So Officials form BCCI has stated that the organization 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.

Extra Info :
BCCI President : Shashank Manohar
BCCI Secretary : Anurag Thakur
IPL Chairman : Rajeev Shukla

So lets discuss some questions related to this post which can be asked in the upcoming exams :
1. Name the person who has resigned from the post of RCB’ director ?
2. Expand the term RCSPL ?
3. Who is the present President of BCCI ?

Courtesy : The Hindu 

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