IPL team Deccan Chargers to be sold today

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Published: Thursday, September 13, 2012, 9:59 [IST]
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Deccan Chargers to be sold today

New Delhi, Sep 13: Deccan Chargers, the Indian Premier League team that won the trophy in the second edition of the cash-rich league, in 2009 is expected to be sold today as all the criteria has been sorted out with the BCCI.

Having discussed the issue with BCCI, the Deccan Chronicle Group is expected to hand over the team to a buyer today.

With Videocon group, Actor Salman Khan, the RPG group and the Adani Group all showing interest in buying the IPL team, Deccan Chronicle group has been waiting to sell the team.

Since the prospective buyers have already submitted their bids, BCCI would be opening the bids for the financially depleted franchise today.

BCCI expects the franchises to meet the criteria set by them, which also includes paying the entire amount immediately to take up all the liabilities of the franchise.

If there are no buyers, BCCI might also scrap the team and issue a tender for a new team.

With most of the IPL teams facing similar issues, none of the franchises are bothered about the current problem faced by Deccan Chargers, as Co-owner of Rajasthan Royals Shilpa Shetty said irrespective of issues, the show would go on and nobody will be bothered about the problems.

"Them having to sell the team doesn't have anything to do with us at all. The IPL will carry on. And every team has a fan following and that will continue to be irrespective of who the owners are," said Shilpa Shetty, Co-owner, Rajasthan Royals.

Deccan Chargers, having bought the stakes for USD 107 million, has not specified the price at which they are willing to sell the team as the bidding process for financially depletd franchise is expected today.


Read more about: deccan chargers, ipl, ipl 2, ipl 5, t20
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