Deccan Chargers is likely to cost Rs. 4800 crore to BCCI

Deccan Chargers is likely to cost Rs. 4800 crore to BCCI

Deccan Chargers is likely to cost Rs. 4800 crore to BCCI(Pic Source: Twitter)

Deccan Chargers, the title winner team of second edition of Indian Premier League, was unexpectedly terminated after the 2012 edition of the tournament on September 15, 2012The owner of the franchise Deccan Chronicle Holdings Limited (DCHL) alleged Board for Control of Cricket in India (BCCI) of ‘illegal termination of franchise’.

However, later the matter was taken to the Bombay High Court. Then, the court appointed retired Supreme Court Judge C. K. Thakker as the sole arbitrator between BCCI and DCHL. Before termination, the Hyderabad based franchise won the IPL 2009 trophy and stunned the whole cricket world as they finished at the bottom of the league table in the inaugural edition of the marquee tournament.

On Friday, after a long period of 8 years after the arbitrator was appointed, DCHL (the owner of Deccan Chargers) finally won in the arbitration process against BCCI. Thakker held the termination of franchise in 2012 illegal and entitled an award of Rs. 4800 Crore to franchise. The award is to be paid by BCCI till the end of September 2020 as confirmed by the law firm representing the claim of Deccan Chargers.

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However, Viraj Maniar of Maniar Srivastava Associates, the law firm for BCCI, were quoted as saying to TOI, The detailed award copy is awaited. Once it is received, it will be studied and next course of action, decided by BCCI.”

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It is most likely that BCCI will challenge this decision in Court. In the times of CoViD-19, BCCI is already facing a tough time as there is no cricket for almost four months and the 13th edition of IPL is in dilemma.

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