Bank guarantee will help Chargers' players
Updated On: 14 September, 2012 08:15 AM IST | | Sanjib Guha
The rejection of the sole bid from the PVP Ventures Ltd ufffd owned film producer PV Prasad ufffd to buy Indian Premier League franchise Deccan Chargers owned by Deccan Chronicle Holdings Limited (DCHL) has put the Board of Control for Cricket in India (BCCI) in a quandary
As soon as the DCHL rejected the bid on the basis of payment terms offered the bidder, the Indian cricket board mandarins started their process to determine the future course of action.
“We are exploring options as to what is to be done. The deadline given to the DCHL expires at 5pm on September 15. Only then can the working committee (meeting in Chennai) take a call on the matter,” a top board official said yesterday.
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