Owners of the cash-strapped Hyderabad franchise the Deccan Chargers have rejected the one takeover bid they have received for the Indian Premier League (IPL) team, the country’s cricket board (BCCI) said yesterday.
Deccan Chronicle Holdings, which owns the Chargers, put the Twenty20 team up for sale last week after getting the nod from the cricket board.
“They informed us the price and terms were not suitable, so they did not accept it,” BCCI president N. Srinivasan told reporters in Chennai.
“The BCCI assisted the Deccan Chargers and we also looked at the eligibility criteria, whether they were fit and proper,” he added. “We found the party was acceptable to us. After that, though, it was between Deccan Chargers and the bidder.”
According to media reports PVP Ventures, a company that has interests in real estate and also finances film projects, submitted a bid of 9 billion rupees (US$162.4 million) to buy the troubled franchise.
Deccan Chronicle paid US$107 million in 2008 to bag the franchise for 10 years.
The team finished last in the inaugural IPL, but came back strongly to win the next edition in South Africa in 2009.
The Chargers were second-last in the most recent IPL tournament that ended in May.
RECORD DEFEAT: The Shanghai-based ‘Oriental Sports Daily’ said the drubbing was so disastrous, and taste so bitter, that all that is left is ‘numbness’ Chinese soccer fans and media rounded on the national team yesterday after they experienced fresh humiliation in a 7-0 thrashing to rivals Japan in their opening Group C match in the third phase of Asian qualifying for the 2026 World Cup. The humiliation in Saitama on Thursday against Asia’s top-ranked team was China’s worst defeat in World Cup qualifying and only a goal short of their record 8-0 loss to Brazil in 2012. Chinese President Xi Jinping once said he wanted China to host and even win the World Cup one day, but that ambition looked further away than ever after a
Taiwanese badminton superstar Lee Yang broke down in tears after publicly retiring from the sport on Sunday. The two-time Olympic gold medalist held a retirement ceremony at the Taipei Arena after the final matches of the Taipei Open. Accompanied by friends, family and former badminton partners, Lee burst into tears while watching a video celebrating key moments in his professional sporting career that also featured messages from international players such as Malaysia’s Teo Ee Yi, Hong Kong’s Tang Chun-man, and Indonesia’s Mohammad Ahsan and Hendra Setiawan. “I hope that in the future when the world thinks about me, they will
Former Formosa Dreamers player Ilkan Karaman was killed in a traffic accident in Datca, Turkey, Turkish media reported yesterday. He was 34. The former Turkish national team player was reportedly hit by a car, the driver of which was allegedly drunk, while he was standing on a sidewalk, Turkish newspaper Sozcu reported. Karaman and his friends were on their way to the beach town of Dalaman to go scuba diving when they stopped at a gas station to buy gasoline, it reported. Karaman was hit by the car while waiting on a sidewalk as his friends were buying gasoline, it
ANKLE PROBLEM: Taiwan’s Ye Hong-wei and Lee Chia-hsin had a disappointing end to their tournament after an injury forced them out of their mixed doubles semi-final Taiwanese badminton ace Tai Tzu-ying on Friday was knocked out in the women’s singles quarter-finals at her last Taipei Open. The world No. 3 lost 21-18, 16-21, 22-24 to Putri Kusuma Wardani of Indonesia in a match that stretched 68 minutes at the Taipei Arena. Despite her higher ranking, Tai said she was not too sad about the loss, given her struggle with a lingering knee injury. “Wins and losses are just part of the game. Actually, I think I’m going to lose every single match considering my condition now,” said the five-time champion of the Super 300 event, who has announced plans
RSS