It’s come out now that the franchise made a loss in the first year of its formation, 2008-2009. As per documents submitted to the Registrar of Companies in Chandigarh, Kings XI spent about Rs80 crore in 2008-2009, while it earned just about Rs55 crore. The loss for the team was around Rs25 crore.
At IPL 3 this year, Preity’s team finished last, at the bottom of the points chart. But the controversies started during the tournament itself. Last month (April), a court in Chandigarh had issued notices to Preity and her ex-boyfriend Ness Wadia, among other Kings XI co-owners, because of a complaint filed by the ROC. The ROC had accused her franchise of not filing proper financial statements, including balance sheets and annual returns.
Did Preity’s team do better in IPL 2 and 3? We hope so for the actress, because she even neglected her B’wood career for the cricket.
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