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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News Network
June 22,2020

Zadar (Croatia), Jun 22: Grigor Dimitrov took to Instagram to announce that he has tested positive for coronavirus. The tennis star was one of the players who took part in the Adria Tour with the likes Novak Djokovic, Alexander Zverev and Dominic Thiem among others.

Taking to Instagram, the player wrote: "Hi Everyone-I want to reach out and let my fans and friends know that I tested positive back in Monaco for Covid-19. I want to make sure anyone who has been in contact with me during these past days gets tested and takes the necessary precautions. I am so sorry for any harm I might have caused. I am back home now and recovering. Thanks for your support and please stay safe and healthy."

He also urged those who had come in contact with him over the last few days in Monaco should also get tested for the deadly virus.

Meanwhile, World no.1 Djokovic reached the final of his exhibition tournament in Zadar, Croatia, after easing through the round-robin group stage on the first day. This is the second stage of the Adria Tour with Austrian Dominic Thiem winning the first leg in Belgrade, Serbia.

Djokovic started by saving three set points in his 4-3, 4-1 win over fellow Serb Pedja Krstin. He then beat home favourite Borna Coric 4-1, 4-3 in front of several thousand fans at the Visnjik tennis complex.

The tournament in Zadar is being played on red clay over two days. In the other group, Russian Andrey Rublev is in pole position to advance into the final after wins over 2014 US Open champion Marin Cilic and Serb Danilo Petrovic. He faces German star Alexander Zverev in the final round robin match on Sunday who stayed in contention after beating Cilic 4-3, 0-4, 4-3.

Djokovic''s own inconsequential final group match is against Croatian Dino Serdarusic who replaced Grigor Dimitrov after the Bulgarian pulled out of the tournament with sickness following his opening 4-1, 4-1 loss to Coric.

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Agencies
June 7,2020

New Delhi, Jun 7: Former Pakistan spinner Danish Kaneria on Sunday said that Sourav Ganguly would be fit to lead the International Cricket Council (ICC), and added there is no reason for respective cricket boards to not support Ganguly if he wants to hold the post.

In an interaction with media, the former spinner said Ganguly has all the qualities of leading the ICC as he has been a reputed cricketer and knows what a player goes through in his life.

"I also think that it would be really helpful if Sourav Ganguly goes on to lead ICC, it will help cricket and the players as a reputed cricketer will hold such a big post, he has played professional cricket, he has led the Indian side and he has also held an administrative post in the Cricket Association of Bengal," Kaneria told media.

"It depends on all of the boards whether they want to support Ganguly or not, if other boards support Ganguly and PCB doesn't, then also Ganguly would have the maximum number of votes, as a cricketer Ganguly is fit to lead the ICC, he had led the Indian side so well and he has earned a name for himself, so I don't see any reason for boards not supporting Ganguly," he added.

Ganguly had become the president of the Board of Control for Cricket in India (BCCI) last year, but speculation continued to rise over the former skipper heading the ICC.

"He is currently the president of the BCCI, he knows in and out of everything, he knows what players have to deal with and he is aware of what cricket needs, he knows what support needs to be given to associate nations, players would be able to put forward their point in front of Ganguly," Kaneria said.

In May this year, Cricket South Africa's (CSA) director of cricket Graeme Smith had backed Ganguly to lead the ICC looking at the current scenario.

"Now it is even more important to have someone in a role who can provide leadership who understands and can navigate the challenges in the game today. I think post-COVID with the things that are going to come our way, to have strong leadership is important. I feel that someone like Sourav Ganguly is best positioned for that at the moment," sport24.co.za had quoted Smith as saying.

"I know him well, I played against him a number of times and worked with him as an administrator and in television. I feel that he has got the credibility, the leadership skills, and is someone that can really take the game forward and I think that, more than anything, that is needed right now at an ICC level," he added.

ICC's elections are slated to be held in July this year and current chairperson Shashank Manohar has already clarified that he is not seeking a tenure extension.

Ganguly was exceptional in making India play its first day-night Test last year.

India had played its inaugural day-night Test against Bangladesh at the Eden Gardens last year.

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News Network
June 2,2020

Bengaluru, Jun 2: Bangladesh opening batsman Tamim Iqbal has said that he was ashamed on seeing the training regime of Indian skipper Virat Kohli.

Iqbal said that the incident happened two-three years back as he thought to himself that why he cannot do the same even when he is the same age as Kohli.

"I must say this, it is not because I am talking to an Indian commentator, India is our neighbour so whatever things they do, it affects Bangladesh as well. We follow what is happening in India, when India changed its approach towards fitness, it impacted Bangladesh the most," Iqbal told Sanjay Manjrekar in a videocast hosted by ESPNCricinfo.

"I have no shame in admitting this, when I saw Virat Kohli running around two-three years ago, I was ashamed of myself, I thought this is a guy who is probably my age, but he is training so much and I have not doing even half of it. We have a great example in our team as well, Mushfiqur Rahim manages himself well regarding fitness," he added.

During his initial days of international cricket, Kohli was fond of chicken which he has admitted several times during media interaction.

But in 2013, the 31-year-old batsman intentionally shifted his focus to fitness, diet, and training.

Now he has become punctual about his diet which has given him a different character on and off the field.

The comparisons between Kohli and Sachin Tendulkar have also kept on growing and many have picked the current Indian skipper to break the records set by Tendulkar.

Tendulkar managed to call time on his career after registering 100 international centuries, while Kohli currently has 70 centuries across all formats.

Currently, Kohli is ranked at the top spot in the ICC ODI rankings while he is in the second place in Tests rankings.

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