Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Cricket | IPL

Real estate firm to buy Deccan Chargers



The owners of the cash-strapped Deccan Chargers have sold the Indian Premier League (IPL) franchise to a real estate company for an undisclosed sum.

Deccan Chronicle Holdings, who paid $107 million for the franchise in 2008, informed the Indian stock exchanges on Friday of their decision to sell the team to Kamla Landmarc, a Mumbai-based real estate company.

Last month, the owners had invited bids for the franchise after being granted approval by the Indian cricket board (BCCI) but rejected the sole offer of nine billion rupees ($162.4 million) for the 2009 IPL champions.

The BCCI later terminated the franchise for various defaults, including failure to pay overdue player fees, but the owners immediately issued a legal challenge against the expulsion, a case which is still ongoing.

Sri Lankan batsman Kumar Sangakkara captained the team in the 2012 edition of the lucrative IPL, heading a team which also included South Africa paceman Dale Steyn but failed to qualify for the playoffs.

Last year, the BCCI terminated the contract of the Kochi franchise for defaulting on payments while DLF, India's largest real estate firm, terminated the title sponsorship of the league in August ending a five-year association.

Shop

The Proteas
20 Years, 20 Landmark Matches by Neil Manthorp
R171.00
The extraordinary book of SA cricket
The Extraordinary Book of South African Cricket is the perfect gift for any cricket fanatic.
R140.00
Jackers - A Life in Cricket
Robin Jackman has been entertaining cricket followers for more than forty years
R169.00
Bouch
Through my eyes
R147.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Sports Talk



Mpumelelo Mbangwa
Number 6 spot a problem or just fine?
Seeing the good in things is not such an easy thing as the tendency for most people is to point out...

Haze's Comment
T20 secrets of success
The wham bam Ram Slam is rocketing your way soon. It all kicks off with a triple-header on Sunday...

Neil Manthorp
Gripping contest atones for Hartal
For two days the whipping boys of international cricket stood toe-to-toe and gave each other a good...

Faf du Plessis
Giving the hip a rest in Cape Town
It’s really great to be back at home in Cape Town, although it is taking a while to adjust to the...

Kepler Wessels
Different game waits against Australia
The New Zealand leg of the one day international tour by the Proteas went according to plan. In...