JSW Sports, which bought its way in into
Indian Premier League (IPL) last year by acquiring 50% stake in the Delhi franchise from
GMR Group for Rs 550 crore, is willing to buy the remaining 50% at a “right price”, company director Parth Jindal said.
“As per our agreement, if GMR decides to sell, we have the first right,” said Jindal who is also the chairman of
Delhi Capitals (formerly
Delhi Daredevils). “We are willing to buy full, but price has to be right,” he told ET.
“Also, till the company is owned 50:50, every two years chairman will change,” he said. “I have presented my roadmap to the board and if I achieve the targets, I may be allowed to continue.” Since taking over, Jindal has brought in multiple changes, including a complete brand refresh and new support staff on board, including CEO. He said JSW was not involved in the IPL team last year.