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Old 09-14-2012, 06:59 AM
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BCCI terminates Deccan Chargers franchise
The BCCI has terminated the troubled Deccan Chargers franchise after an emergency IPL governing council meeting in Chennai on Friday. Ratnakar Shetty, the chief administrative officer of the BCCI, told ESPNcricinfo that the tender for a new franchise will be issued on Saturday.


India Cricket News: BCCI terminates Deccan Chargers franchise | ESPN Cricinfo
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Old 09-14-2012, 07:00 AM
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The Bombay High Court has appointed a court officer, MD Narvekar, to supervise the auction of the IPL franchise Deccan Chargers on September 13 in Chennai. The franchise is up for sale after its owner Deccan Chronicle Holdings Limited (DCHL) suffered financial losses.

The ruling was made after Tata Capital Financial Services, to which DCHL owed Rs.101 crore ($18 million approximately), had filed a petition with the High Court to protect its interests in view of the dues. The High Court also stated the sale proceeds from the auction would have to be deposited in ICICI bank and that the money once deposited couldn't be disbursed or appropriated by the company without its permission. Five per cent of the winning amount would also have to be paid to the BCCI.

The winning bid, worth between Rs. 800 crore ($144 million approximately) to Rs.1000 crore ($180 million approximately), could go towards paying back the debt.

A few companies have shown interest in the Hyderabad-based team, with Indian conglomerate, the Videocon group, being one of them.


India Cricket News: Supervisor appointed for Deccan Chargers auction | ESPN Cricinfo
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Old 09-14-2012, 09:14 AM
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i think even salman khan also interested in buying deccan chargers
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Old 09-14-2012, 12:07 PM
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i think even salman khan also interested in buying deccan chargers
i dont think he has that much money though, maybe a junior partner or something!
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Old 09-14-2012, 05:18 PM
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i dont think he has that much money though, maybe a junior partner or something!
you must be kidding

he just got a offer of 100 crore rupee for a movie and bcci is going to sell that team somewhere between 800 to 900 crore at the max
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Old 09-14-2012, 10:17 PM
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you must be kidding

he just got a offer of 100 crore rupee for a movie and bcci is going to sell that team somewhere between 800 to 900 crore at the max
so he is still 800 crore short then lol
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Old 09-15-2012, 12:46 AM
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Old 09-15-2012, 03:21 AM
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so he is still 800 crore short then lol
killed it !
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