Kolkata: Following in the steps of Bollywood megastar Shah Rukh Khan, another Indian superstar, Mithun Chakraborty, has bought the Kolkata Tigers team of the Indian Cricket League (ICL).

Mithun Da, as he is popularly called in West Bengal, told IANS: "Yes, I have bought the Kolkata Tigers of the ICL. Thursday [today] everything will be formally announced after completing some legal formalities. I have always been a sports lover and had organised the Raj Kapoor Trophy in Chembur, Mumbai, for several years where big stars played. But it was not just passion that made me buy the team, there is business in it also."

The king of disco dance said: "I am an entertainer and Twenty20 is a fantastic form of entertainment. There is craze and good business in it. So I decided to try my luck."

Asked how much he spent on the team, Mithun said: "At present I cannot reveal the figures, but it is certainly a triple digit in crores [tens of millions]."

He said after completing the formalities he would go for an overhaul of the team and add to its sheen by giving it a logo along with a slogan and a theme song.

On whether he wanted to rename the side Bengal Tigers, he said: "I have strongly recommended it."