Mahendra Singh Dhoni Current Affairs

MS Dhoni sole Indian in Forbes list of The World’s Highest-Paid Athletes 2015

Cricketer Mahendra Singh Dhoni is the only Indian to find place in the Forbes magazine’s list of 100 World’s Highest-Paid Athletes 2015

He was placed at 23rd on the Forbes list with total earnings of 31 million dollars including amount from salary at 4 million dollars and endorsements worth 27 million dollars.

This edition of list was again topped by US boxer Floyd Mayweather for third time. It should be noted that the earnings figures include sum of salaries, bonuses and prize money paid between June 2014 and June 2015.

Top ten World’s Highest-Paid Athletes 2015 are

  • Floyd Mayweather (Boxing) from US: $ 300 million.
  • Manny Pacquiao (Boxing) from Philippines: $ 160 million.
  • Cristiano Ronaldo (Football) from Portugal: $ 79.6 million.
  • Lionel Messi (Football) from Argentina: $73.8 million.
  • Roger Federer (Tennis) from Switzerland: $67 million.
  • LeBron James (Basketball) from US: $64.8 million.
  • Kevin Durant (Basketball) from US: $54.1 million.
  • Phil Mickelson (Golf) from US: $50.8 million.
  • Tiger Woods (Golf) from US: $50.6 million.
  • Kobe Bryant (Basketball) from US: $49.5 million.

In this edition of list only two women athletes made to the list they are

  • Maria Sharapova (Tennis) from Russia: She was placed at 26th rank with total earnings of $ 31 million.
  • Serena Williams (Tennis) from US: She was placed at 47th rank with total earnings of $ 6 million.

The 100 highest-paid athletes of this edition of list have made 3.2 billion dollars in total in last one year which is 17 percent more compared to previous year.

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India Cements transfers Chennai Super Kings franchise to new subsidiary

India Cements has transferred the Indian Premier League (IPL) team- Chennai Super Kings Cricket (CSK) franchise to its new subsidiary Chennai Super Kings Cricket (CSKC) Limited.

This decision was taken by India Cements Vice-Chairman and Managing Director (MD) N Srinivasan led company’s Board of Directors meeting held in Chennai, Tamil Nadu.

While demerging CSK, the Board has approved a reorganisation plan for the newly formed subsidiary. This move will also help shareholders of India Cements exercise their choice- to own only the cement business or the cricket franchise or both

With this decision, CSK will be first franchise team in IPL history to be owned by the shareholders of a company.

Background

Earlier in September 2014, the Board of Directors India Cements had approved the proposal to demerge Chennai Super Kings (CSK) into a wholly-owned subsidiary of the company, by transferring its net assets at cost.

Under the ownership of India Cements, CSK led by Mahendra Singh Dhoni, had won IPL tournament twice. For first time in IPL Season 3 (2011) and second time in IPL Season 4 (2012).

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