According to BCCI chief administrative officer Ratnakar Shetty, MCA officials should be appreciated for the extreme restrain shown by them in the face of abusive language being hurled on them
Mumbai: The Mumbai Cricket Association (MCA) on Friday banned Kolkata Knight Riders' co-owner and Bollywood actor Shah Rukh Khan from entering the Wankhede Stadium for five years for misbehaving with its officials and violating its rules, reports PTI.
The 'unanimous' decision was taken at the MCA Managing Committee meeting called to discuss action on Khan who was involved in a skirmish with the security and officials of the association after KKR's victory over Mumbai Indians on Wednesday night.
MCA President Vilasrao Deshmukh, who chaired the meeting, said that his association was sending out a message that misbehaviour of any kind would not be tolerated.
"If rules are violated, action will be taken. It does not depend who the individual is. It's a message to everyone whosoever he or she may be that stern action will be taken if there is any misbehaviour," he told a press conference.
Khan had, however, had denied he had misbehaved and acted only after children, including his kids, were "manhandled" by the security staff.
Deshmukh said, "How can he go inside the ground without proper accreditation. Even I can't go inside the ground if not invited for presentation ceremony."
"We have handed a five-year ban on him and it was a unanimous decision. It applies to any match whether domestic or international at the Wankhede," he said.
Asked if BCCI can reverse this decision to ban Khan, Deshmukh said, "We have taken a decision to protect the dignity of our association. BCCI is our parent body and we have written to them informing what had happened. We have no control over BCCI's decision. We are also an independent body with the Wankhede being our property."
IPL Chairman Rajiv Shukla, however, said that a final decision will be taken by the BCCI. "State bodies can only recommend but a final decision has to be taken by the BCCI. When the matter comes to BCCI, the Board will decide (on the ban)," he told reporters in New Delhi.
Deshmukh said that many MCA officials were present at the time of the fracas and they have expressed their strong views against Khan in the meeting.
"There were a lot of MCA officials present at the time of fracas. Nothing more was needed to prove that he (Khan) misbehaved. The Assistant Commissioner of Police himself was present and he said Khan was drunk," he said.
Asked if there was still a chance of the ban being reconsidered, Deshmukh said, "There is no question of that. Khan did not make any representation to us, nor apologise. He could also have filed a police complaint but he did not do that."
"Whether BCCI, IPL or MCA, such kind of misbehaviour cannot be tolerated. We have also filed a police complaint and it's upto the police to act now," he added.
BCCI chief administrative officer Ratnakar Shetty said that the Board has received a complaint from the MCA regarding the fracas. "The BCCI has got a complaint from the MCA. We will see to it. We will also think of some measures from the next IPL onwards to ensure that such incidents do not happen in future," he said.
"This is an unprecedented situation. We have never come across such incidents in the last five years at the Wankhede Stadium. It was extreme restrain shown by the MCA officials in the face of abusive language being hurled on them. They should be appreciated," said Shetty.
Khan had categorically denied that he was drunk and claimed that the scuffle broke out after MCA officials manhandled his kids who he had come to pick after the IPL match between KKR and Mumbai Indians. MCA officials, who have lodged a police complaint against the actor, however, gave a different version.
Khan had also refused to apologise, saying that the security personnel and the MCA officials were high-handed and it was they who provoked him to use abusive language.
"I was not drunk, I had gone to pick up my children. The officials were extremely aggressive. I just got angry and said a few things in anger. I was one and they were 20-25 officials and they were extremely rude," Khan had said.
Royal Challengers Bangalore team-owner Vijay Mallya said that "being a team-owner does not override conduct".
"I don't think ownership or status of Mr Khan is in question. Whatever I have seen is the MCA questioning his behaviour and that has to be addressed. The fact that he is a team-owner that does not override conduct," Mallya said in New Delhi.
Asked about the ban on Khan by the MCA, Mallya refused to comment, saying, "That's strictly between MCA and affected person. I can't comment on that."
On suggestion on some quarters that IPL should be stopped, Mallya said, "I don't think IPL has any role to play. Stopping IPL is a senseless suggestion."
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At a market value of $104 billion, Facebook would be among the most valuable US firms, ahead of giants like Amazon which is valued at $98 billion and Cisco $89 billion. It would however still be behind Google who is valued $203 billion and Apple, the most valued company at $495 billion
New York: Facebook made history by launching one of the largest initial public offerings for a technology firm, aiming to raise $16 billion that pegs the value of the world's most popular social networking site at $104 billion, reports PTI.
Mark Zuckerberg-led Facebook put up 421 million shares of its common stock up for sale late yesterday at a price to the public of $38 per share, the company said in a statement.
The shares would begin trading on the NASDAQ exchange today under the symbol 'FB'.
In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any, it added. The over-allotment could see Facebook raising a total of $18.4 billion.
Zuckerberg is expected to ring the opening bell at Nasdaq remotely from Facebook's California headquarters.
Welcoming the IPO, the company is holding an overnight "hackathon" where engineers stay up all night writing programming code to come up with new features for the site.
The public offer is expected to close on 22nd May.
Facebook roped in financial giants like Morgan Stanley, J P Morgan, Goldman Sachs, Bank of America Merrill Lynch, Citigroup and Deutsche Bank Securities to serve as book runners for the offering.
At $16 billion, the size of Facebook's IPO is the third-largest for a US company, with the largest being the Visa IPO, which raised $17.9 billion in 2008, according to Renaissance Capital.
For a company that began in a Harvard dorm eight years ago, the IPO will bring a windfall which will give it the financial muscle to develop more services and features and employ the best in the business.
Zuckerberg is selling about 30 million of his shares, but will still remain Facebook's largest shareholder.
He will own 503.6 million shares, or 32% of Facebook's total shares after the IPO, with his stake in the company worth $19.1 billion, going by the 38 dollars stock price. He will control the company with 56% of its voting stock.
Zuckerberg, who celebrated his 28th birthday on Monday, has created a place for himself in the pantheon of Silicon Valley wizards who changed the way people use technology.
Apple CEO Steve Jobs was among Zuckerberg's mentors.
In Facebook's meteoric rise since it was founded in 2004, Zuckerberg's public persona took a hit as his friends from Harvard claimed he stole their idea of a social network that let people share everything from their photos to their thoughts online.
Facebook was the subject of a Hollywood movie that went on to win three Academy Awards last year.
At a market value of $104 billion, Facebook would be among the most valuable US firms, ahead of giants like Amazon which is valued at $98 billion and Cisco $89 billion. It would however still be behind Google ($203 billion) and Apple ($495 billion).
The Facebook IPO will also make several of its employees millionaires if not billionaires.
California estimates that it could get $2 billion from the taxes that Facebook's newly minted millionaires will owe to the state.
Facebook's IPO had been closely followed in the media as well as by corporate America.
The company conducted roadshows in major cities like New York, Chicago and Boston, with Zuckerberg's hoodie and casual dressing styling also grabbing headlines.