The Board of Control of Cricket in India (BCCI) is to suffer a massive loss as the court has ordered them to pay $640 Million to Deccan Chargers.
Deccan Chargers, being an ex IPL franchise, got terminated back in 2012 after financial breaches. The side, owned by Deccan Chronicle Newspaper Group, had won the second edition of the cash-rich T20 league in 2009.
They will be receiving $640 Million by BCCI as the court has termed their eliminating as ‘illegal’.
Notably, in 2013, Chennai Super Kings, and Royal Challengers Bangalore were also eliminated from IPL after involvement in the spot-fixing scandal.
BCCI to suffer a mega blow as court orders to pay $640 Million to ex IPL side, Deccan Chargers
“They have been directed to pay 48 billion rupees ($640 million) plus taxes which might amount to about 80 billion,” the legal representative said on condition of anonymity.
“We haven´t received the judgment copy yet, only after reading we will decide next plan of action,” Hemang Amin, the interim chief executive of the BCCI, was quoted as saying by the Economic Times newspaper.