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 30,2020

Malabar, Jun 30: I-League club Gokulam Kerala's former assistant manager Muhammad Alloush on Monday died due to COVID-19. He was 44.

Alloush, who was with the football club in its inaugural season, was working as technical director at Egyptian club Tanta SC at the time of his demise.

Alloush's mother had also succumbed due to the deadly virus earlier.

"We're deeply saddened by the death of our former assistant manager Muhammad Alloush, aged 44, after contracting Covid_19. The thoughts of everybody at Gokulam Kerala Football Club are with Alloush's family and friends at this sad time. Rest in peace, Alloush," Gokulam Kerala FC tweeted.

Meanwhile, with a spike of 18,522 COVID-19 cases in the last 24 hours, India's coronavirus count stands at 5,66,840, said the Union Health and Family Welfare Ministry on Tuesday.

According to the Ministry, 418 deaths due to COVID-19 were reported in the last 24 hours. The number of deaths in the country now stands at 16,893.

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News Network
June 23,2020

Karachi, Jun 23: Pakistan cricketers Shadab Khan, Haris Rauf and rookie Haider Ali on Monday tested positive for the novel coronavirus.

"The Pakistan Cricket Board has confirmed three players - Haider Ali, Haris Rauf and Shadab Khan - have tested positive for Covid-19," said the PCB in a statement.

"The players had shown no symptoms until they were tested in Rawalpindi on Sunday ahead of the Pakistan men's national cricket team's tour to England."

The infected players will go into self-isolation.

"The PCB medical panel is in contact with the three who have been advised to immediately go into self-isolation," the statement said.

Earlier this month, former Pakistan captain Shahid Afridi was tested positive for the deadly virus.

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Agencies
May 31,2020

London, May 31: "Jacques Kallis, Sachin Tendulkar, Virat Kohli," replied umpire Ian Gould when he was asked to name the three best batsmen he loved watching when he was officiating as an umpire.

The former ICC elite umpire said that he was unlucky to not watch Ponting bat as much as he would have liked to.

"Jacques Kallis. I loved watching Jacques. He was a very, very fine player. Sachin. And probably Virat. I was unlucky in some respects. I didn't see the best of Ricky Ponting. He was an outstanding character, outstanding captain, such a proud Australian," ESPNCricinfo quoted Gould as saying.

"But his career was just starting to wane as I came on the scene. But he was incredibly helpful, so I'm disappointed I have to leave him out. Jacques Kallis, I could sit and watch all day, Virat, the same. And Sachin, if you want someone to bat for your life, he was the man," he added.

Gould had retired from the ICC's panel of elite umpires in 2019, after standing in more than 250 international matches over a 13-year career.

Over the years, comparisons between Kohli and Sachin Tendulkar have been growing and many have picked the current Indian skipper to break the records set by Tendulkar.

Tendulkar called time on his career after registering 100 international centuries, while Kohli has 70 centuries across all formats.

While, Kallis played 166 Tests, 328 ODIs and 25 T20Is for South Africa and he is often viewed as the greatest all-rounder the game has seen.

Many pundits of the game find it hard to pick between him and Sir Garfield Sobers.

Across his career, Kallis scored 25,534 runs in his career and he also managed to take 577 wickets.

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