The Indian Premier League (IPL) founder and former chief Lalit Modi has resigned as the president of Rajasthan Cricket Association (RCA) on Saturday.Logging onto Twitter, he wrote, "Dear Fans of cricket & the lifeline of the game".
The BCCI has withheld RCA's subvention money ever since the association elected Lalit Modi as president in 2013, at a time when he was facing a ban, for alleged financial misappropriation during his tenure as IPL chairman and commissioner.
The ban meant Modi can not hold any administrative post in Indian cricket, but despite the barrage he was elected as the President of Rajasthan Cricket Association, which forced the BCCI to ban Rajasthan Cricket Association from its calendar and stop the funds flowing in for its development. The state cricket board can now hope to return in the BCCI fold and also be granted money.
Announcing his exit from cricket administration, Lalit Modi wrote in the letter, "I feel that the time is now ripe to pass on the baton to the next generation".
Earlier, the BCCI banned the Rajasthan Cricket Administration for Lalit Modi's presence in the Nagaur District Cricket Association.
"Speaking about the success of the IPL, Modi said: ".the successful conduct of the 10th edition of IPL earlier this year made me the happiest man in the whole wide world as it helped the BCCI achieve what we had set out to make, not to mention the unheard-of sponsorship value under your astute leadership bring another stark reflection on the potential value of Indian cricket". "I will always be a loyal fan of Indian cricket".
"For Rajasthan to aim higher, we need funds from BCCI which is our rightful share". Rajasthan has also not hosted a single Indian Premier League (IPL) or an worldwide match in the past 3 years.
The former IPL chairman and commissioner, who is now living his London, left India in 2010 after being accused of money laundering and illegal selling of IPL broadcasting rights. He requested the Board to release the funds due to RCA as soon as possible.
There were rumours that the former RCA chief wanted to pass the baton to his son, Ruchir, who was elected president of Alwar district cricket association previous year.
Image: Official Facebook page of Lalit Modi. Indian cricket is truly an example of my belief. The Supreme Court has ticked him off too for his involvement in Indian cricket and has also asked him to stay away.