IPL franchise Deccan Chargers, it has been a story of
ups and downs. The team had a miserable run in the inaugural
season but bounced back strongly in the second edition
to walk away with the title.
off the field, Deccan Chargers had to deal with uncertainty
what with the main shirt sponsor changing hands every
year. However in the fifth edition of the IPL, the franchisee
has finally found its true calling striking a multi-million
dollar three year sponsorship deal with Emirates besides
roping in a host of other national and local sponsors.
franchise has also been in the news frequently that
it is on the blocks. Deccan Chronicle Holdings had mandated
KPMG Corporate Finance to find a buyer and was looking
at a valuation of $250 million in 2008.
an interview with Indiantelevision.com's Ashwin Pinto,
Deccan Chargers COO Venkat Reddy clears the air about
the teams sale reports by asserting that it is
committed to the team and is not planning to presently
sell the team. Reddy, a man of few words, also said
that the franchise has broken even and is looking at
good revenue growth this year.