Defending Indian Premier League champions Kolkata Knight Riders' stakes may be up for grabs. According to a report in a national daily, the Shah Rukh Khan-owned team is looking to offload 20 per cent stakes. But only if it gets the right price!
Shah Rukh, along with Bollywood actress Juhi Chawla and her husband Jay Mehta bought the Kolkata-based IPL franchise for over $75 million in 2008. The team however failed to reach the semifinals of the Twenty20 event in the first four years, leading to a drop in the franchise's valuation.
The team was valued at $57.5 million in 2011. However, with the IPL triumph last year, the KKR management is looking for at least $40 million for the 20% stake.