Sun TV brings Hyderabad Deccan back to life on IPL map

By Abhishek Manroa

NEW DELHI, India (TheSportsNEXT) October 25, 2012: The Hyderabad Deccan was resurrected on the Indian Premier League’s map on Thursday when the Sun TV Network acquired the rights to own the IPL franchise after bidding around 15.9 million US dollars for a five-year deal.

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Hyderabad was previously represented by Deccan Chargers in the cash-rich Indian Premier League who were terminated by the Board for Control of Cricket in India (BCCI) for failing to meet the deadline for raising its bank guarantee.

The Sun TV Network beat PVP Ventures who offered around 12.9 million US dollars for the IPL franchise. The PVP Ventures have failed for the second time to own the Hyderabad Deccan franchise in the IPL after they offered 900 crore Indian rupees or 164 million US dollars for a period of ten years last month.

IPL Governing Council announced the decision in Mumbai on Thursday a week after it terminated the Deccan Chargers for failing to cope with financial liabilities.

Apart from announcing Sun TV Network as the latest inclusion in the IPL family, the Governing Council also decided on future of the high-profile cricketers like Kumar Sangakkara and Dale Steyn who were part of the Deccan Chargers.

The BCCI has reportedly offered the Sun TV Network to sign new contracts with the Deccan Chargers players who they want to keep in their side till the end of this month. The ones who are not contacted by the Sun TV Network will become free agents and will be available for auction for the IPL’s next edition.

The Sun TV Networks Limited, based in Chennai, is one of the biggest television networks in India and has 32 TV channels as well as 45 radio stations catering mostly to an audience living in the southern India.

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BCCI shortlists 10 cities to replace Deccan Chargers

By Abhishek Manroa

 

NEW DELHI, India (TheSportsNext) September 17, 2012: The Board for Control of Cricket in India (BCCI), has embarked on search of a new franchise for its cash-rich Indian Premier League (IPL) after contract of Deccan Chargers expired Friday.

 

As per the details, the BCCI has shortlisted 10 cities including Ahmedabad, Visakhapatnam, Dharamsala, Indore, Jamshedpur, Nagpur, Cuttack, Kanpur (Greater Noida), Rajkot and Ranchi and the new IPL franchise could be based in any of these cities.

The base price for the new IPL franchise will be 300 crore Indian rupees (5 crore Indian rupees) for a period of five years.

The sixth edition of the Indian Premier League will be held from April 4, 2013 to May 26, 2013.

It is important to mention here that the BCCI held an emergency meeting of the Indian Premier League (IPL) governing council on Friday evening where it eventually decided terminating the Deccan Chargers’ contract as the franchise owned by the debt-ridden Deccan Chronicle Holdings Ltd (DCHL) was found guilty of breaching its contract with the IPL.

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BCCI gives Deccan Chargers time to settle financial mess

By Abhishek Manroa

NEW DELHI (TheSportsNext) September 2, 2012: The Indian Premier League franchise Deccan Chargers said Saturday that the negotiations to sell the team are at an advanced stage after the Board for Control of Cricket in India (BCCI) allowed it more time to sort out its financial mess by September 15, 2012.

Rajeev Shukla, IPL Chairman, told local media here that the Deccan Chargers, who had won the IPL tournament in 2009, have been awarded additional time to get back to the BCCI after sorting out their financial issues.

The Deccan Chargers are yet to pay their team-members who represented the franchise in the IPL5 (IPL2012).

The Deccan Chronicle group, which had acquired the franchise for 107 million US dollars in 2008, is facing massive financial crisis and have forced to mortgage assets of their team to the banks for raising funds but the practice was against the BCCI and IPL rules which put the team owners in hot waters.

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