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Deccan Chargers sale process still on, discloses Srinivasan

Chennai, Sept 13 (ANI): The effort to sell the Deccan Chronicle Holdings Ltd (DHCL)- owned Indian Premier League (IPL) franchisee Deccan Chargers did not succeed on Thursday.

Only one bidder had offered to buy the Deccan Chronicle Holdings, but the terms of the payment were not acceptable, President of the Board of Control for Cricket in India (BCCI) N. Srinivasan disclosed here.

“Deccan Chargers had invited bids for their franchise. One bidder came who was eligible from the BCCI’s point of view, but after opening the price bid, the Deccan Chargers management decided that the price in terms of payment was not acceptable to them. Therefore they rejected the bid,” he told mediapersons.

He, however, did not disclose the bidder and the price. He further dismissed the option of scrapping the franchise altogether and float fresh tenders for new team.

“The franchise is on. Today the BCCI has issued notices to them to cure certain defects, and we have given them some time. It is between BCCI and them,” he said. (ANI)