Mumbai: According to a Business Standard report, Bollywood Star Shah Rukh Khan is set to sell his IPL team Kolkata Knight Riders’ and he looking for prospective buyers for this.
The reports said further that Shah Rukh Khan’s company Red Chillies has approached to Anil Ambani Group and Sahara Group to sell his venture.
Though, Khan’s public relations officer, however, said she would not be able to confirm the development because she had not met the actor.
According to the Red Chillies official, Khan wants to exit, owing to the team’s poor performance — so far the team has won only one rain-curtailed game under the Duckworth Lewis method — and rising costs.
Khan is supposed to pay Rs 30 crore per year for the next 10 years. The total annual cost for the team is about Rs 75 crore.
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