Cricket

IPL: Shane Warne awaits big pay day for his small three percent stake in Rajasthan Royals

  • Press Trust of India
  • December 8th, 2019
  • 17:32:02 IST

Shane Warne was given a miniscule stake in IPL franchise Rajasthan Royals during the league's inaugural edition in 2008, a deal that could potentially find the legendary spinner laughing his way to the bank in the coming days.

File picture of Shane Warne. Image credit Rajasthan Royals

File image of Shane Warne. Image credit Rajasthan Royals

According to the Herald Sun, Warne was paid $657,000 and given an ownership of 0.75 percent for every year he played after coming out of retirement in 2008.

"Part of my deal (was) because I had retired from international cricket and I came out (of retirement), they asked me to be the captain, coach and run a cricket team the way I wanted to run it; I was the one-stop shop," Warne was quoted as saying by the Australian paper Herald Sun.

Warne, who has also been a coach-cum-mentor and then Brand Ambassador of the Royals, led an unheralded bunch of players to an unlikely triumph during the inaugural edition of IPL back in 2008.

In fact, current India star Ravindra Jadeja was a talented uncapped player back then, whom Warne had backed to the hilt terming him a "rockstar".

"We were the underdogs, we were the least favoured, no one gave us a chance to win. It was the first ever year of the IPL of franchise cricket where owners bought players and players went into auctions.

Rajasthan Royals franchise is currently worth $200 million and Warne according to the report, believes that the valuation will be doubled in next couple of years.

"Three per cent of $400 million is all right,' said Warne, which effectively means that he could earn up to $12 million.

Updated Date: December 08, 2019 17:32:02 IST

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

R Ashwin more likely to reach 800 Test wickets than 'not good enough' Nathan Lyon, says Muttiah Muralitharan
First Cricket News

R Ashwin more likely to reach 800 Test wickets than 'not good enough' Nathan Lyon, says Muttiah Muralitharan

Muralitharan's stupendous record of 800 Test wickets remains very much intact with Shane Warne (708) and Anil Kumble (619) rounding up the top-three wicket-takers in the longest format.

IPL 2021: MS Dhoni’s CSK need to shed Dad’s Army tag, says Aakash Chopra with final list of retained players set to be announced
First Cricket News

IPL 2021: MS Dhoni’s CSK need to shed Dad’s Army tag, says Aakash Chopra with final list of retained players set to be announced

Speaking on STAR Sports' show ‘IPL: RETENTION SPECIAL’, former India cricketer and columnist Aakash Chopra said Chennai Super Kings desperately needed to get rid of dead weight.

Kumar Sangakkara appointed Rajasthan Royals' director of cricket for upcoming IPL season
First Cricket News

Kumar Sangakkara appointed Rajasthan Royals' director of cricket for upcoming IPL season

Sri Lankan batting great Kumar Sangakkara was on Sunday appointed as the director of cricket by Indian Premier League franchise Rajasthan Royals for the upcoming season.