Deccan Chargers have been consigned to history. After days of legal wrangling, there there seems to be some sort of finality to the termination of the Hyderabad-based Indian Premier League (IPL) team. The Board of Control for Cricket in India (BCCI) is quite confident and categorical about their extinction.
“BCCI moved an appeal against the order of arbitrator and the same was heard today (Saturday) morning. The high court was pleased to stay the order of arbitrator after hearing both the parties. Thus, the termination of DC franchise stands,” the board said in a succinct statement.
Twenty-four hours back, things were in a legal shamble. The Chargers failed to submit the mandatory Rs100 crore bank guarantee, resulting in automatic revocation of the stay on the termination, which was self-operative. They, instead, pleaded for more time but the Bombay high court refused to entertain their request. However, the high court-appointed arbitrator gave a twist to the tale, ordering status quo, thus throwing the whole issue into a legal mess.
On Saturday, however, the BCCI swung into action and appealed against the arbitrator's order and got it vacated, bringing
the curtains down on the Hyderabad-based franchise.
“Yes, it’s curtains for the Chargers. Unless a higher court intervenes, the Chargers are out of the IPL,” said Viraj Mania, a counsel for the BCCI. “The board is free to proceed with its plans for the league.”
With the Chargers gone, the BCCI are set to float a tender and auction a new team. The board is likely to issue a notice to that effect in a few days. Ten cities — Ahmedabad, Visakhapatnam, Dharamsala, Indore, Jamshedpur, Nagpur, Cuttack, Kanpur (Greater Noida), Rajkot and Ranchi — will be up for sale.
Meanwhile, Deccan Chronicle's bid to sell the team to Mumbai-based Kamala Landmarc has fallen flat. On Friday morning, it declared the sale of the team to the real estate firm. But as things stand now, the sale has been aborted.