FC Goa Co-owner Shrinivas Dempo and Casino Mogul Jaydev Modi
The FC Goa is currently going through a bad phase due to the huge penalty of Rs. 15 crore had been slapped on them by ISL following the case of a scuffle with the Chennayin FC captain Elano in ISL season 2 that was held in Goa. ISL has also docked the 15 points as a penalty on FC Goa with the suspension. Who are these casino owners bidding for the stake in FC Goa and why Mr. Dempo is silent over this issue? Read the complete report here.
According to the reports, Mr. Shrinivas Dempo, co-owner of FC Goa is silent over the issue of Delta Corp owner Mr. Jaydev Modi is in the process of buying the majority of stakes in the FC Goa team that is presently owned by the Dattaraj Salgaonkar and Shrinivas Dempo. The media reports have confirmed the deal that is going on between Modi and Dempo for the stake in FC Goa club. Delta Corp owns the Deltin Casino in Goa.
According to IANS news agency, the media tried to get in touch with Mr. Salgaonkar and Dempo but both of them preferred to remain tight-lipped over the issue. “I wish to offer no comment. We have filed an appeal before the committee (ISL regulatory committee) on various penalties imposed on us. The order is expected on July 22,” Dempo said, reacting to media reports that owners of FC Goa want to sell 65 percent of stakes to Delta Corp.
It may be recalled that FC Goa, the runners-up of the second edition of Indian Super League (ISL), had run into troubles after they had boycotted the prize distribution ceremony following their verbal duel with Chennaiyin FC captain Elano Blumer during the final match of the season, held last year on December 20. Subsequently, FC Goa has slapped a Rs 11 crore fine and the co-owners Dempo and Salgaocar were banned from participating in ISL for next two and three seasons, respectively. They have also docked 15 points for the ISL 3.
The club had challenged the order of the tournament’s Regulatory Commission. As per the club’s appeal, no opportunity was given to cross-examine any of the witnesses and no opportunity was accorded to FC Goa to present evidence as to what actually transpired on December 20 last year.
The club had also pointed out that the AIFF Appeal Committee has directed that status quo is maintained with regard to the hearings before the ISL Regulatory Commission. The committees heard FC Goa co-owners on June 9 and 10 in Mumbai and were supposed to give the verdict on July 14, which is now deferred to July 22.
The Delta Group is apparently investing in various businesses in the state and the upcoming investment into FC Goa club may also be the part of more acquisition they are planning. Whatever may be the outcome but one thing is sure that casinos in Goa are making investments in various businesses in the state. Goa Prism will soon come out with the reports on some more investments the casinos have made in the state. If you wish to leave your comments kindly go ahead.