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BCCI mulling over banks, financial institutions to run CSK, RR for two seasons: Report

The Board of Control for Cricket in India (BCCI) working group, is mulling over an interesting option of handing over suspended duo of IPL franchises Rajasthan Royals and Chennai Super Kings to banks or reliable financial institutions.

BCCI mulling over banks, financial institutions to run CSK, RR for two seasons: Report

New Delhi: The Board of Control for Cricket in India (BCCI) working group, is mulling over an interesting option of handing over suspended duo of IPL franchises Rajasthan Royals and Chennai Super Kings to banks or reliable financial institutions.

According to a report in the Times of India, the BCCI's working group which has been formed to study the order of the Lodha Committee, will discuss on the matter in a meeting on August 28 in Kolkata.

Based on the suggestions given by different stakeholders of the game, the group will first submit its report by Friday to the governing council of the IPL.

Further reports claim that, among the suggestions short-listed by the group, is the option of handing over the two suspended IPL teams to banks or reliable financial institutions. To stay clear of any legal hassle, the board is also open to giving the reins of CSK and Royals to reputed law firms.

Another option for the board is that of auctioning the two teams. However, the general sentiment of both BCCI and IPL teams is to continue with the two suspended teams without floating tenders for new franchises, as terminating the two could lead to several legal complications.

The board has also got suggestions to start a second tier T20 league before next edition of IPL, from where the top two teams could be promoted to the main league, thereby completing the quota of eight teams.

The working group of the IPL consists of BCCI secretary Anurag Thakur, IPL chairman Rajeev Shukla, BCCI treasurer Anirudh Chaudhary and former Indian captain Sourav Ganguly. 

From Zee News

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