|

32 banks offer to to manage IPL Deccan Chargers







Pin It



After BCCI terminated the Deccan Chargers team from IPL on contempt of breaching the contract, 32 banks that have given debt to the Deccan Chargers team joined hands and offered to manage Hyderabad DC in the 6th edition of IPL.

These banks have reportedly form a SPV (Special Purpose Vehicle) and sent their proposal to BCCI.

The proposal seemed to have been rejected and BCCI was not keen at all on handing over the charge of the financially to the banks. Reacting to the banks’ proposal, a BCCI official reportedly said that there was no guarantee that the proposal would work smoothly, especially as the Deccan Chronicle Holdings Limited (DCHL), have defaulted on payments several times.

bcci deccan chargers court 32 banks offer to to manage IPL Deccan Chargers

Still no clue about the future of the team but it is definitely truth that either Deccan or another team from another city will play in the 6th IPL.

This matter is sub-judicial  now and will be decided by the Honorable courts.



You might also like:

KKR’s New Logo : New Luck ??
Kolkata Knight Rider...
IPL 2012 Opening : Katy Perry Sizzles
Sachin turns 39
Sachin Tendulkar is ...
Best victory moments of KKR over CSK [Video]
The best moments of ...
SunRisers made a memorable debut
Sunrisers Hyderabad,...
Kings XI thrash Pune Warriors
Chasing modest 100-r...
Raina misses another ton, CSK beat Sunrisers
Chennai Super Kings ...
SC refuses to ban IPL on spot fixing
The Supreme Court on...

Live score

Social