The IPL franchise, Punjab Kings (PBKS) is owned by Bollywood actor Preity Zinta and industrialists Mohit Burman and Ness Wadia. A recent report by Cricbuzz has raised a speculation that all is not right among the IPL team owners. According to the report, Preity Zinta has filed an appeal in the Chandigarh High Court seeking to restrain co-owner Mohit Burman from selling a portion of his shares to another party.
The report also stated that Preity holds 23 per cent share of PBKS while Burman and Wadia hold 48 and 23 per cent respectively. The remaining shares are held by Karan Paul. Burman has also come out and denied the speculation of him selling his PBKS shres.
“I don’t have any plans to sell my shares,” Burman told Cricbuzz. Officially, the Punjab Kings have not spoken or released a statement on the issue anything on the issue.
A report in Tribune said: “Preity Zinta said Burman holds approximately 48 per cent of the shareholding and is also on the board of directors. She has filed the petition under Section 9 of the Arbitration and Conciliation Act-1996 seeking interim measures and direction in view of the disputes and differences between her and respondent Mohit Burman.”
