'Lalit Modi has no stake in Sri Lanka Premier League'

Former IPL chief Lalit Modi has nothing to do with the Sri Lanka Premier League, according to the Somerset Entertainment Ventures, the company who has the marketing rights of the tournament.

"Contrary to recent news/media reports, SEV would like to point out emphatically that Mr. Lalit Modi, ex Commissioner of the Indian Premier League has no stake or involvement whatsoever in SEV, either directly or indirectly, and has nothing to do with the SLPL or any tournaments of SLC with which SEV is involved on any level. Modi is neither a partner nor a shareholder and is not associated with SEV, or its founders or shareholders, in any capacity, either now or in the past," they said in a statement.

The SEV also clarified that they only had the marketing rights of the tournament in contrary to BCCI's objections that they were organizing the event.

"SEV is a Singapore-based, sports promotion company which provides sports and hospitality focused marketing and consultancy services. Set up in 2010 in Singapore by the Bhammer family, SEV's flagship involvement in sports is through its partnership with Sri Lanka Cricket ("SLC") (Sri Lanka's apex cricket governing body).  The partnership, which is on a long-term basis, kicks off with the launch of the inaugural edition of the Sri Lanka Premier League ("SLPL") which is to be held from July 19 until August 4," the statement further said.