Deccan Chargers terminated from IPL

The Deccan Chargers franchise is one formal step away from losing its IPL status with its owners failing to produce, within the Friday evening deadline, the Rs 100-crore ($19 million) bank guarantee the Bombay High Court had set as the condition for the team's survival in the league. The failure to produce the bank guarantee meant that the court's status quo on the franchise's termination was automatically lifted, which leaves the BCCI free to invite bidders for a new franchise. There are, however, two lifelines for the Chargers; one is if the court-appointed arbitrator, CK Thakkar, rules that the BCCI's grounds of termination were improper. It is believed that Chargers' counsel have already approached Thakkar. The other alternative is...

Read more »