Gavaskar, 64, has sprawling business interests in the game, while being a BCCI-contracted commentator. He is the co-founder of Professional Management Group (PMG), a sports marketing agency, which currently manages the off-field affairs of Virender Sehwag, Varun Aaron and Manoj Tiwary. PMG conceived the Castrol Awards for Cricketing Excellence, and organises the annual BCCI awards. Back in 1995, Gavaskar was one of the men who introduced the CEAT cricket rankings under the aegis of PMG. There are rewards on offer for cricketers finishing on top of the rankings every year.
Gavaskar also writes weekly syndicated columns. And PMG handled the IPL-related activities of automobile giant Volkswagen.
Hours after Thursday’s hearing in the court, the retired cricketer announced his willingness to take up the job. “When the highest court of the land tells you to do something, you have to do it,” Gavaskar said. In 2008, Gavaskar had resigned as chairman of the ICC's cricket committee after the governing body cited a 'conflict of interest' with his role as a TV commentator.
In 2010, he turned down an offer from the BCCI to join the IPL governing council, citing lack of remuneration as the reason. Gavaskar had been part of the governing council during the first three years of the IPL, when each member was paid R1 crore. "The IPL is a commercial enterprise and non-BCCI members, former cricketers included, should be remunerated for the expertise, experience and time that they bring to the table," he had said then.
A year later, Gavaskar resigned as head of Mumbai Cricket Association's cricket improvement committee. He said he was stretched for time because of his media commitments and the hectic schedule of the Indian team. A few MCA members had then grumbled that Gavaskar, an NRI, didn't spend much time in India. Recently, Gavaskar has been critical of India’s performance abroad. At the Asia Cup, he alleged on air that there was bias in team selection. For over two decades, Gavaskar has been the raconteur of Indian cricket, commentating on nearly every match the team has played around the world. But on the day he was asked to take over the reins of Indian cricket, Gavaskar was in Visakhapatnam, airing his views on the largely invisible Deodhar Trophy.