 "BCCI, Cricket, ipl")
Bombay High Court-appointed arbitrator, C K Thakkar, has asked the Board of Control for Cricket in India (BCCI) to pay by September a compensation of Rs 4,800 crore to Deccan Chronicle Holdings, the owner of the terminated Deccan Chargers franchise in IPL.
Deccan Chargers was one of the eight franchises in the cash-rich cricket league when it was started in 2008. Four years later, BCCI terminated Deccan Chargers’ agreement, saying the franchise failed to honour its payment obligations.
Deccan Chronicle Holdings, the Hyderabad-based media company that acquired the franchise for $107 million in 2008, then approached the Bombay High Court, seeking an
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