After BCCI terminated Deccan Chargers and floated a tender
for a new IPL franchise, it is the IPL Governing Council which
has decided to meet here on 17 October to chalk out future
strategy for the tournament.
GC is expected to discuss the termination of Deccan Chargers
for breach of contract.
meeting also holds significance since it is happening at a
time when the 31 October deadline of re-signing players is
looming large. All the franchises are expected to renew contracts
with their existing players.
is a meeting of the IPL Governing Council in Mumbai on October
17th. I don't know any other details," said BCCI CAO
Prof Ratnakar Shetty.
GC is made up of Chairman Rajeev Shukla, Arun Jaitley, Anirudh
Chaudhary, Dr G Ganga Raju, Sanjay Patel, Amitabh Choudhary,
Ravi Shastri and M P Pandove.
Deccan Chronicle Holdings Limited (DCHL), the parent company
of Deccan Chargers, was unable to furnish a bank guarantee
of Rs 1 billion which meant that its association with IPL
ended. The Court had clearly said that the termination notice
will stand if DCHL fails to provide Rs 1 billion unconditional
and irrevocable bank guarantee.
DCHL's inability to furnish bank guarantee as per Court direction,
the arbitrator had passed a status order thereby throwing
a lifeline at the beleagured media company.
The status order passed by the arbitrator also gave five
more days to DCHl to furnish bank guarante despite the Bombay
HC refusing to entertain their plea to extend the deadline.
The BCCI had obtained a stay order from the Bombay HC against
arbitrators decision thereby dashing its hopes of entering
The DCHL had on Friday also announced that it was in talks
with real estate firm Kamla Lanmarc to sell the franchise.
However the deal could go for a toss now that the termination
notice is in effect.
The BCCI had on Sunday invited tenders for a new IPL team.
The tender notice for a fresh franchise invites bids for
12 cities: Hyderabad, Ahmedabad, Cuttack, Dharamsala, Indore,
Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Visakhapatnam.
The last date for submission of the bids is 25 October. Bids
can be collected from today. Under this invitation to tender,
the winning bidder will be granted the right to own and operate
a new team which will compete in the IPL from 2013 onwards.