The Baadshah of B-town plans to offload 20 percent of his share in his Indian Premier League team KKR, but at a handsome price
In 2008, Shahrukh Khan, Juhi Chawla and Jay Mehta bid for the Indian Premier League Kolkata Knight Riders for $75.09 million. But for the first four years, the team failed to qualify for the semifinals at the IPL. Distressing, wasn’t it?
And that’s why KKR’s value depreciated over the years in the market. In 2011, the team was worth approximately $57.5 million. But in 2012, they won the IPL trophy, and this victory led Shahrukh to have the confidence that 20 percent of KKR is worth $40 million. Ahem ahem. Now isn’t that a tad bullish? Well, we think so.
Even so, the owners of this team stand their ground firmly and are ready to wait for the perfect deal to come through even though they will still be majority stake holders. So while they sit drumming their fingers, you tell us peeps: Do you think 20 percent of KKR’s stakes are worth $40 million?