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D-day for new IPL franchise

The Indian cricket board will get a step closer to revealing the identity of the ninth IPL team when the bids received during the tender process are opened during the IPL governing councils meeting

The Indian cricket board will get a step closer to revealing the identity of the ninth IPL team when the bids received during the tender process are opened during the IPL governing councils meeting on Thursday. Its been less than a month since the BCCI scrapped the debt-ridden Deccan Chargers after they failed to find new buyers and began the search for the team that would play in the sixth edition of the IPL.

Sources in the BCCI confirmed that at least five to six major corporate houses had expressed their desire to own the ninth franchise and will turn up for the bidding process. The potential new owners will still have a number of unresolved issues regarding the defunct Deccan team to deal with.

Among the expected bidders are corporate behemoths PVP Ventures,whose bid was rejected by the previous owners of the Deccan franchise,and the Jaypee Group. The BCCI had invited bids with respect to 12 cities which includes Ahmedabad,Cuttack,Indore,Kochi,Noida,Ranchi and Visakhapatnam.

As per the Indian boards rules regarding the new IPL team,the BCCI will have complete right to terminate the contract if the franchise owner fails to pay the players.

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The governing council members in the past have received complaints about players not receiving their payment in time. In addition,the new franchise will also be liable to inform the BCCI whenever there is a change in their ownership structure for whatever reason.

First published on: 25-10-2012 at 01:27 IST