Mahendra Singh Dhoni’s battle against Amrapali group continues after the former Team India skipper filed a petition in Supreme Court alleging that the company is yet to pay him Rs 40 crore for endorsing the brand. According to reports in The Times of India, Rhiti Sports the company managing him has filed a petition saying that Amrapali Group did not release the payments for Dhoni’s services.
In 2009, Dhoni had entered into multiple agreements with Amrapali to promote the group and granted exclusive rights to the builder to use his endorsement in marketing and public relations activities.
The cricketer has told the court that he had paid Rs 25 crore to Amrapali Homes Projects Private Limited in 2011 after signing an agreement for a joint venture. In return, the company assured him returns of Rs 75 crore.
“A joint venture agreement was executed between Amrapali Homes Projects Pvt Ltd and the applicant laying down the terms and conditions, and it was duly acknowledged by the parties to the agreement that the applicant is contributing Rs 25 crore as the initial amount and the company guaranteed payment of a minimum sum of Rs 75 crore. Therefore, the company owes an amount of Rs 75 crore in addition to 25 percent share in the profit,” the petition said.
Dhoni resigned as the brand ambassador of the realty firm in April 2016, days after being trolled on social media by residents of one Amrapali housing project, who were angry over the unfinished work. Dhoni’s wife Sakshi has also been associated with the charity operations of the Amrapali Group.