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
April 13,2020

Apr 13: Former India opener Gautam Gambhir says if IPL is not played this year, it will be difficult for Mahendra Singh Dhoni to make a comeback to the Indian team.

Dhoni last played for India in the World Cup semi-final against New Zealand in July last year.

Since then he hasn't played any competitive cricket and legends such as Sunil Gavaskar and Kapil Dev have already said that it's getting increasingly difficult for the Jharkhand dasher to make an international return after such a prolonged sabbatical.

He was expected to be seen in action at this year's IPL but the chances of T20 league being played are remote due to the COVID-19.

"If the IPL does not happen this year, then it will become very difficult for MS Dhoni to make a comeback. On what basis can he (Dhoni) be selected since he’s not been playing for the last one or one and a half year," Gambhir said on Star Sports show 'Cricket Connected'.

The 38-year-old Gambhir picked KL Rahul, who has been keeping in ODIs, as an "apt replacement" for Dhoni.

Read: Coronavirus India update: State-wise total number of confirmed cases, deaths

"Obviously his (Rahul's) keeping is not as good as Dhoni’s, but if you are looking at T20 cricket, Rahul's a utility player, can keep and bat at No. 3 or 4. If the IPL does not happen, then Dhoni’s chances for a comeback look dim.

"Ultimately, you are representing India, so whoever dishes out the best performance and can win the match for India should play for the team," added Gambhir.

The southpaw also felt that retirement was Dhoni's personal decision.

"As far as his retirement plans go by, that's his personal choice," said Gambhir.

However, his former teammate and test specialist VVS Laxman feels that Dhoni can continue playing IPL.

"Not only this IPL, he (Dhoni) will probably play in the next couple of IPLs, and then we will take a call about his future as a cricketer," Laxman said on the same show.

However, Laxman, a veteran of 134 Tests, said that the new selection committee, chaired by former spinner Sunil Joshi, will have to discuss Dhoni's future with him.

"Dhoni will be very clear, as far as his plans are concerned, I'm sure he must have communicated that with (captain) Virat Kohli, (coach) Ravi Shastri immediately after the 2019 World Cup in England," said Laxman.

"The new selection committee will have to sit down with MS Dhoni and understand his future, as far as Indian cricket is concerned. But MS Dhoni will continue to play for CSK and do well for CSK," said Laxman, who amassed 8,781 Test runs.

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Agencies
May 9,2020

Tokyo, May 9: As the world continues to grapple with coronavirus pandemic, the organisers of Tokyo Game Show have cancelled 2020 showpiece event.

TGS 2020 was slated to be played from September 24 to September 27 at the Makuhari Messe convention center. However, there now talks going on for holding an online event instead.

According to the Verge, this is the first time that TGS has ever been cancelled since it started in 1996.

TGS 2020 gained more attention because of its status as the last major trade show before the launch of the upcoming next-gen consoles, the Xbox Series X and PlayStation 5.

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News Network
May 10,2020

New Delhi, May 10: Former Australia captain Ian Chappell has proposed radical changes in the LBW laws, stating that a batsman should be given out leg before as long as the ball is hitting the stumps irrespective of the spot of its landing and impact.

Chappell also said captains should agree on one way of working up the ball which will encourage swing bowling, even as the ICC is considering the use of artificial substances to shine the ball instead of sweat and saliva in post-COVID-19 scenario.

"The new lbw law should simply say: 'Any delivery that strikes the pad without first hitting the bat and, in the umpire's opinion, would go on to hit the stumps is out regardless of whether or not a shot is attempted'," he wrote in a column for ESPNcricinfo.

"Forget where the ball pitches and whether it strikes the pad outside the line or not; if it's going to hit the stumps, it's out."

The 76-year-old said the change in lbw law would attract expected criticism from the batsmen but it would make the game more fair.

"There will be screams of horror - particularly from pampered batsmen - but there are numerous positives this change would bring to the game. Most important is fairness.

"If a bowler is prepared to attack the stumps regularly, the batsman should only be able to protect his wicket with the bat. The pads are there to save the batsman from injury not dismissal.

"It would also force batsmen to seek an attacking method to combat a wristspinner pitching in the rough outside the right-hander's leg stump," said Chappell.

He cited Sachin Tendulkar's example on how he negotiated Shane Warne's round the wicket tactic during the 1997-98 Test series in India.

"Contrast Sachin Tendulkar's aggressive and successful approach to Shane Warne coming round the wicket in Chennai in 1997-98 with a batsman who kicks away deliveries pitching in the rough and turning in toward the stumps. Which would you rather watch?

"The current law encourages "pad play" to balls pitching outside leg while this change would force them to use their bat. The change would reward bowlers who attack the stumps and decrease the need for negative wide deliveries to a packed off-side field," he said.

Chappell said his proposed change to the lbw law would also cut down "frivolous" DRS challenges.

"This change to the lbw law would also simplify umpiring and result in fewer frivolous DRS challenges. Consequently, it would speed up a game that has slowed drastically in recent times.

"It would also make four-day Tests an even more viable proposition as mind-numbing huge first-innings totals would be virtually non-existent."

On the substitute of shining the ball without sweat and saliva, Chappell said international captains should find out a way of working up the ball.

"With ball-tampering always a hot topic, in the past I've suggested that administrators ask international captains to construct a list (i.e. the use of natural substances) detailing the things bowlers feel will help them to swing the ball.

"From this list, the administrators should deem one method to be legal with all others being punishable as illegal," the cricketer-turned-commentator added.

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