IPL: Deccan Chargers auction today

Updated: Sep 13, 2012, 09:26 AM IST

Zeenews Sports Bureau

New Delhi: Cash strapped IPL team Deccan Chargers will be looking for potential buyers at the auction to be held in Chennai on Thursday.

Electronic giants Videocon, Actor Salman Khan, the RPG Group and the Adani Group have submitted their bids to take over the ownership of the team from Deccan Chronicle Holdings.

The base price for the Hyderabad franchisee, which was bought for Rs 428 crore in 2008, is said to be around Rs 750 crore.

Whoever wins the bid will have to meet BCCI’s eligibility criteria and other requirements. If Deccan Chargers fail to find a buyer in the auction, the franchise will be scrapped altogether and the BCCI will float a tender for a new team.