<div class="img-caption-wrap "> <img alt="image_20130603174827" src="https://st2.cricketcountry.com/wp-content/uploads/cricket/image_20130603174827.jpg" title="image_20130603174827" /> <p class="imgcaptionnew" style="width:618px;"> Kirti Azad believes MS Dhoni's (above) involvement with Rhiti Sports leads to a conflict of interest © PTI</p> </div> <strong>New Delhi: Jun 3, 2013</strong><br /> <br /> Rhiti Sports issued a statement on Monday in which it stated that Indian skipper <a href="https://www.cricketcountry.com/tags/ms-dhoni/post" target="_blank">Mahendra Singh Dhoni</a> is not a shareholder of the company. The statement came after a report was carried by the <em>Economic Times</em> stating that Dhoni owned a 15 per cent stake in the sports marketing firm.<br /> <br /> Rhiti Sports said Dhoni had no shares as on April 26. According to reports on <em>CNN-IBN</em>, the company said that it transferred its shares on March 22, but that was only to secure an outstanding amount it owned to the cricketer.<br /> <br /> However, according to the reports, the shares were transferred to Dhoni on May 22.<br /> <br /> The firm, called Rhiti Sports Management, is set up by Arun Pandey, a close friend and business associate of Dhoni. According to the report, along with Dhoni, the firm also manages four players who play under the 31-year-old Indian skipper — <a href="/tags/Suresh-Raina/post" target="_blank">Suresh Raina</a>, Ravindra Jadeja, <a href="/tags/Pragyan-Ojha/post" target="_blank">Pragyan Ojha</a> and <a href="/tags/RP-Singh/post" target="_blank">RP Singh</a> — who has since dissociated himself from the company.<br /> <br /> The issue of conflict of interest against Dhoni arises since he is the Indian captain and has a say in team selection involving the said players. Two of the players — Raina and Jadeja — are also part of the Dhoni-led <a href="/tags/Chennai-Super-Kings/post" target="_blank">Chennai Super Kings</a> (CSK).<br /> <br /> "There is definitely a conflict of interest in this case," says former cricketer <a href="/tags/Kirti-Azad/post" target="_blank">Kirti Azad</a>, who was also a selector in 2002-03. "The players managed by Dhoni's company will have an unfair advantage," said another former India cricketer <a href="/tags/Maninder-Singh/post" target="_blank">Maninder Singh</a>, in agreement with Azad.<br /> <br /> Dhoni did not respond to an email questionnaire sent to him by the <em>Economic Times</em> on May 31, while Pandey declined to comment. Anurag Thakur, joint secretary of the<a href="/tags/BCCI/post" target="_blank"> Board of Control for Cricket in India</a> (BCCI), said, "I have heard it for the first time. "If there is a concern, we may look into the matter."<br /> <br /> "Dhoni is part of the corridors of power," says Rahul Mehra, a lawyer who has been railing against sports management in India. "Which selector will oppose Dhoni when he is a part of the think-tank in CSK, which is owned by a company of the BCCI president, and he himself is a vice-president in that company?"