Spartan Sports is facing financial issues as they haven't paid their cricketers for long. Former India skipper MS Dhoni and Sachin Tendulkar are also among the cricketers who are yet to receive their payment.
The company owes creditors, including the tax office and ANZ Bank and host of trade creditors and lower tier lenders, $8.5 million, according to liquidators at BRI Ferrier.
The company is in financial trouble and if sources are to be believed, Spartan’s Kunal Sharma has not paid close to about $2 million to Dhoni. He is understood to have defaulted on payments to other cricketers such as Mitchell Johnson and Joe Burns from Australia and Eoin Morgan from England.
Dhoni, who still uses Spartan's logo on his bat, may send a legal notice to Sharma soon. Sharma's lawyer says, “My client disputes many of the assertions in the liquidators' report, in particular, any suggestion of insolvent trading or withholding company records.”
“He adamantly denies any wrongdoing in relation to the management or administration of the company. Given that the liquidation process is continuing its premature to further respond to your questions.”
The company has Sharma and Pakistani businessman called Kamil Khan as it's stakeholders.