IPL council to hear DC mortgage case

August 14, 2012
DC


New Delhi, August 14: The IPL governing council will meet on Tuesday to decide the fate of Deccan Chargers, who have allegedly flouted rules by mortgaging their franchise to banks to enable them to tide over a tight cash situation, sources said on Monday.


Under IPL rules, franchise owners are not allowed to mortgage their teams and use the funds for other expenses. Members of the IPL governing council were recently informed by some lenders about their exposure to Deccan Chargers which is now part of Deccan Chronicles Holdings. The banks also wanted the cricket body to help get a security for their loan to the franchisee.

The Governing Council discussed the issue on August 9 but failed to arrive at a decision. They will be again grappling with the nettlesome issue on Tuesday.


IPL sources said that Deccan Chargers have taken a loan of Rs 480 crore from one private bank and Rs 170 crore from another by mortgaging their IPL franchise. Apart from these two banks, funds from other creditors are also said to be locked up in Deccan Chargers.

Owners of Deccan Chargers are expected to present their case while bank representatives will detail their grievances and seek a solution, the IPL sources said.

The promoters of Deccan Charges have been under financial stress of late and have pledged their shares with banks to raise funds.



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Agencies
June 9,2020

The International Cricket Council (ICC) has confirmed interim changes to its playing regulations, which include the ban on the use of saliva to shine the ball and allowing home umpires in international series as per a release issued by the international body.

The ICC Chief Executives' Committee (CEC) ratified recommendations from the Anil Kumble-led Cricket Committee, aimed at mitigating the risks posed by the COVID-19 virus and protect the safety of players and match officials when cricket resumes.

COVID-19 Replacements

Teams will be allowed to replace players displaying symptoms of COVID-19 during a Test match. In line with concussion replacements, the Match Referee will approve the nearest like-for-like replacement.

However, the regulation for COVID-19 replacements will not be applicable in ODIs and T20Is.

Ban on Saliva on Ball

Players will not be permitted to use saliva to shine the ball. If a player does apply saliva to the ball, the umpires will manage the situation with some leniency during an initial period of adjustment for the players, but subsequent instances will result in the team receiving a warning.

Whenever saliva is applied to the ball, the umpires will be instructed to clean the ball before play recommences.

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News Network
June 29,2020

Jun 29: The West Indies cricketers will sport a 'Black Lives Matter' logo on the collars of their shirts during the upcoming three-Test series against England to protest against racism in sports.

Skipper Jason Holder, who has voiced his support to the cause that has once again come to the forefront after the killing of American George Floyd, said in a statement on Sunday: "We believe we have a duty to show solidarity and also to help raise awareness."

The ICC-approved logo, designed by Alisha Hosannah, will be the one which featured in the shirts of all 20 Premier League football clubs since the sport's resumption earlier this month.

"This is a pivotal moment in history for sports, for the game of cricket and for the West Indies cricket team," Holder was quoted as saying by ESPNcricinfo.

"We have come to England to retain the Wisden Trophy but we are very conscious of happenings around the world and the fight for justice and equality. "As a group of young men, we know of the rich and diverse history of West Indies cricket and we know we are guardians of the great game for a generation to come."

Holder, who wants racism to be treated at par with doping and corruption, said they arrived at the decision to wear the logo after much thought.

"We did not take our decision lightly. We know what it is for people to make judgments because of the colour of our skin, so we know what it feels like, this goes beyond the boundary. There must be equality and there must be unity. Until we get that as people, we cannot stop," he said.

"We have to find some way to have equal rights and people must not be viewed differently because of the colour of their skin or ethnic background."

The West Indies players are likely to wear the shirts for the first time in this week's four-day warm-up match at Emirates Old Trafford, starting on Monday.

The opening Test of the series, which will mark the resumption of international cricket after the coronavirus-forced hiatus, will get underway at the Ageas Bowl in Southampton on July 8.

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News Network
January 23,2020

Dhaka, Jan 23: Left-arm pacer Mustafizur Rahman, who is part of the Bangladesh squad traveling to Pakistan, posted a cryptic tweet before team's departure which raised a few eyebrows.

On Wednesday evening, Rahman took to Twitter to post a selfie along with his teammates before the team's departure and asked his followers to pray for them, writing: "Heading to Pakistan. Remember us in your prayers."

Bangladesh were earlier reluctant to travel to Pakistan. However, the officials of both the teams met in Dubai and it was after many deliberations, the Bangladesh Cricket Board (BCB) agreed to send their team for a cricket series.

Bangladesh will be playing three T20Is, two Tests and an ODI in Pakistan between January and April. The T20I series will be played from January 24-27 in Lahore, followed by the first Test from February 7 to 11.

Bangladesh will then return to Pakistan in April for the one-off ODI which will be played on April 3 and the second Test from April 5-9.

Senior players like Mushfiqur Rahim decided against traveling to Pakistan citing personal reasons. After that, five members of the Bangladesh coaching staff also pulled out of the tour.

Pakistan have also recalled the experienced duo of Mohammad Hafeez and Shoaib Malik, along with pacer Shaheen Afridi for the T20I series.

Squads:

Bangladesh: Mahmudullah (Captain), Tamim Iqbal, Soumya Sarkar, Naim Sheikh, Najmul Hossain Shanto, Liton Kumer Das, MD Mithun, Afif Hossain Dhrubo, Mahedi Hasan, Aminul Islam Biplob, Mustafizur Rahman, Shafiul Islam, Al-Amin Hossain, Rubel Hossain, Hasan Mahmud.

Pakistan: Babar Azam (captain), Ahsan Ali, Amad Butt, Haris Rauf, Iftikhar Ahmed, Imad Wasim, Khushdil Shah, Mohammad Hafeez, Mohammad Hasnain, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Shaheen Shah Afridi, Shoaib Malik, Usman Qadir.

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