Exclusive Report: Shah Rukh Khan To Sell Knight Riders

After dropping “Kolkata” from Indian Premier League team (IPL) Kolkata Knight Riders (KKR), actor Shah Rukh Khan has started discussions with Nokia, Sahara, the Anil Ambani group, and several other companies to sell the team he bought just over a year ago for Rs 300 crore, and exit the business.

According to sources in Red Chillies Entertainment, KKR’s holding company, “Shah Rukh Khan has been trying to sell a stake in KKR for some time now. But since most companies he approached also wanted management control, Khan is now talking to Nokia, Sahara, Anil Ambani and others to sell his entire shareholding.”

Khan’s public relations officer, however, said she would not be able to confirm the development because she had not met the actor.

None of those who have reportedly been approached confirmed the development. Sahara India’s communications director Abhijit Sarkar said: “We have not been approached by Shah Rukh Khan yet. But if he does, we would be happy to buy the team.”

D Shivakumar, vice-president and managing director (markets), Nokia India, sent a text message saying: “Shah Rukh Khan will keep the team.”