cricketUpdated: Jul 17, 2020 22:56 ISTDeccan Chronicle Holdings Limited (DCHL), owners of Deccan Chargers who won the second edition of the Indian Premier League (IPL), won an arbitration decision that could cost the Indian cricket board Rs 4800 crore. A copy of the full judgment is awaited, but the Rs 4800 crore was arrived at as the perceived valuation if the team existed now. The court stayed the termination, subject to DCHL furnishing an irrevocable and an unconditional bank guarantee of Rs 100 crore. Soon after, BCCI sold the Hyderabad franchise to Sunrisers Hyderabad for R425 crore (R85 crore a year) through an auction. In 2017, a similar arbitration case was won by the owners of now terminated Kochi Tusker Kerala, and the BCCI was asked to pay Rs 850 crore.

Source: Hindustan Times July 17, 2020 16:43 UTC