Hemant Dua has stepped down as the Chief Executive of the Indian Premier League team Delhi Daredevils owner company JSW GMR Cricket Private Limited.
Dua since 2013 has been heading the GMR Cricket Private Limited, rechristened JSW GMR Cricket Private Limited after JSW Sports had acquired the 50% stake in the IPL franchisee earlier this year.
His association with the JSW GMR Cricket Private Limited will, however, continue as a non-executive director.
The decision was on the cards as Delhi Daredevils had failed to qualify for the knock-out stage even once during his six-year tenure as the CEO, adds PTI.
In fact, some of the decisions like paying astronomical amounts to out-of-form players like Yuvraj Singh or Glenn Maxwell drew sharp criticism. Daredevils’ disastrous performance during the 2018 edition was the final nail in the coffin.
“DD has been a part of my journey for some time now. The franchise is close to my heart and thus, I will always be available for the betterment of the franchise. I wish DD and it’s new management the very best in its endeavour to bring the trophy to our own city of Delhi,” said Dua.
Sajjan Jindal-owned JSW had acquired 50% stake in the GMR Cricket Limited Private Limited for a ₹550-crore deal.