BCCI Terminates Deccan Chargers

By Community | September 17, 2012

Indian cricket authorities have terminated Indian Premier League club Deccan Chargers for failing to comply with a deadline for overdue player fees.

The Board of Control for Cricket in India (BCCI) said in a statement the decision was “only due to the absolute inability of the franchise to effectively run the team.”

The BCCI also said because of the “stated position of the Deccan franchise to refuse to rectify the various defaults including payments to players…a decision was taken to forthwith terminate the Deccan Chargers franchise.”

The board said it had “received repeated assurances that the overdue player fees would be paid; all of these promises have been unfulfilled.”

Deccan Chronicle Holdings, generic a media company that bought the team before the inaugural IPL season in 2008, ambulance sought to sell the cash-strapped team this week, by placing advertisements in newspapers inviting bids.

It received just one proposal when bids opened , which it rejected because of the payment terms offered by the bidder.{jcomments on}