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MUMBAI:
Mumbai-based club RN Sports Club, backed by a celebrity and
a businessman, is willing to purchase the Deccan chargers
team outright and bypass the bidding process.
The
club located in South Mumbai is willing to pay Rs 9-11 billion
for the team and will have a meeting with Deccan Chronicle
tomorrow.
According
to the club's marketing head Ankush Tripathi, the BCCI has
also been informed of the intention.
"There
is a clause in the bid document which allows a party to buy
the franchise if the owners agree. We do not want to go through
the bid process. RN Sports Club management is constantly in
conversations with the BCCI and the Deccan Chargers management
for this deal," he tells Indiantelevision.com.
Tripathy believes the breakeven period can be achieved in
three years. "The team will retain the same name and
be based in Hyderabad. As per the terms in the bid document,
this cannot be changed," he says.
The
club's promoter is Vijay Barhate. The aim of R.N. Sports club
is to promote cricket. "We have been wanting to purchase
an IPL team since IPL-4, as we already conduct various successful
talent hunt camps at an all India school level. We have also
done talent hunt camps aboard, We have cricket coaching centres
in several places including Mumbai, Pune and Nagpur. We also
have cricket academies in Mumbai. The aim of purchasing our
own team is to promote the young cricketers of nation."
Interestingly
R.N. Sports Club had a deal with Rajasthan Royals for running
a talent hunt. Tripathi says that the MoU expired and so the
club chose not to renew it. Earlier Rajasthan Royals had said
that it had terminated the deal over non payment of dues which
Tripathi flatly denied. For him, owning a franchise is the
next step.
Other
names doing the rounds who could bid for the franchise include
Videcon, Adani Group and former Satyam COO Srini Raju who
is now Peepul Capital co-founder, chairman.
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