BCCI earns victory over Deccan Chargers in legal battle for franchise termination
The Board of Control for Cricket in India was involved in a long legal tussle with former Indian Premier League franchise Deccan Chargers. The franchise was terminated in 2012 and replaced by Sunrisers Hyderabad, while BCCI has now won the battle.
FollowIn what comes as another relief and win for the world's richest cricket board, The Board of Control for Cricket in India has won the longstanding legal battle against Deccan Chargers. Since 2012, the BCCI was locked in a legal tussle against the former Indian Premier League franchise, as DC's owner, Deccan Chronicle Holdings, challenged BCCI's termination decision.
However, the Bombay High Court on Wednesday ruled the verdict in favour of the BCCI. "We are extremely happy with the development. It has vindicated our position as we had always followed what was in the agreement," a BCCI official was quoted as saying to ANI.
Regarding DC's case, DCHL had put the franchise on sale due to financial constraints, while bids were invited through auctions. However, it received only an offer from PVP Ventures, while it was rejected as DCHL was not happy with the bid amount division plans in a couple of instalments over the next ten years.
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Meanwhile, the franchise was terminated by the BCCI as per its norms on the very next day. As a new tender for a side was called in by the board immediately, DC challenged the decision and moved to the court, as the arbitration process began with Justice (retd) CK Thakar.
While DCHL had demanded ₹4,800 crore from the BCCI last year after moving to the BHC, DCHL had also demanded ₹6,046 crore, along with interest and charges for the damages. However, BCCI was confident of pulling it off as it felt that it had a good case in its hand.
DC was a part of the IPL from 2008 until 2012. During its tenure, it became the champion on an occasion, in 2009, under the leadership of Adam Gilchrist.
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