The Board of Control of Cricket in India (BCCI) is to suffer a mega-blow as the court has ordered to pay $640 Million to Deccan Chargers that existed in the Indian Premier League (IPL) till 2012.
The side was terminated from IPL due to some financial breaches and the terminating has been termed as illegal.
BCCI will now be paying more than $640 Million to the Chargers owned by the Deccan Chronicle Newspaper group.
BCCI ordered to pay $640 Million to IPL’s ex franchise, Deccan Chargers
“They have been directed to pay 48 billion rupees ($640 million) plus taxes which might amount to about 80 billion,” the legal representative said on condition of anonymity.
The CEO of BCCI, however, has revealed that the judgement copy has not been issued yet and the next action of the plan will be based on the copy.
“We haven´t received the judgment copy yet, only after reading we will decide next plan of action,” Hemang Amin, the interim chief executive of the BCCI, was quoted as saying by the Economic Times newspaper.
They had won the second edition of the IPL in 2008. Also, Chennai Super Kings and Royal Challengers Bangalore were terminated in 2013 for two sessions after being involved in the spot-fixing scandals.
However, the league was all set to be kicked off by 29th March. Later, due to the several extensions in the lockdown postponed the tournament. In the end, the authorities finally called off the cash-rich T20 league until further notice. It is to be noted that BCCI is looking for a window of October-November in case if the T20 World Cup gets cancelled so they can hold the league then.