MS Dhoni sues management firm for financial fraud related to global cricket academy
MS Dhoni gives up captaincy duties ahead of IPL 2024
Former India captain MS Dhoni sued a management firm regarding financial fraud on Friday (Jan 5) in the Ranchi Court. The reported financial fraud was in the range of Rs 15 crore ($1.8 million) for which Dhoni filed the lawsuit. It is reported that Dhoni in partnership with Mihir Diwakar and Soumya Vishwash of Aarka Sports and Management Limitedtried to establish a global cricket academy in 2017. However, the agreement in place was discarded in 2021 by Dhoni after the management firm failed to adhere to the stipulated conditions.
Dhoni sues management firm
In 2017, both Dhoni and Aarka Sports and Management Limited reached an agreement to set up a global academy. However, with numerous delays and attempts the conditions were not met by the management firm which forced the former captain to revoke the call. The firm was obligated to pay a franchise fee and share profits as per the agreement's terms which were also not met.
Dayanand Singh, representing MS Dhoni through Vidhi Associates has sued the firm for reported fraud of $1.8 million.
Meanwhile, on the cricketing front, Dhoni is assumed to hang his boots after the conclusion of the upcoming season of the Indian Premier League (IPL). The legendary Chennai Super Kings (CSK) captain will turn 43 later this year and has been struggling with fitness issues ahead of the new season. However, he would look to make amark by clinching theIPL title for the sixth time. Dhoni along with Rohit Sharma remains the most successful captain in the history of the tournament with five titles.
The IPL 2024 is set to kick-off on March 22 as the governing bodyoutlines plans for the tournament amid general elections in the nation.
