IPL : Deccan Chargers wins arbitration, BCCI asked to pay 4800 crores as compenation

It is trouble time for the Board of Cricket Control of India. The Hyderabad-based Indian Premier League franchise Deccan Chargers has won the arbitration case against the cricket board. In a huge embarrassment to the management of the BCCI, the Bombay High Court-appointed arbitrator has asked the BCCI to pay a 4800 Crores compensation to the owners of the Deccan Chargers.
The verdict was delivered on Friday morning by retired justice CK Thakkar.

The case pertains to the termination of the franchise in September 2012, which the arbitrator has termed as unlawful.

Deccan Chargers, owned by Deccan Chronicle Holdings Limited (DCHL), was one of the eight original teams of the Indian Premier League. It had also won the 2009 edition of the IPL, under the captaincy of Adam Gilchrist.

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However, BCCI terminated the franchise in September 2012. The BCCI also alleged that the franchise had breached the BCCI code. While DCHL tried to auction the franchise, it rejected the sole bid it received from PVP Ventures. Later BCCI terminated the contract and put all its players into the auction pool. Later, the company went to the Supreme Court challenging the termination of the franchise. But the apex court refused to stay the termination and ruled in favour of the cricket board. The franchise was later sold to Chennai-based media network Sun Network. The Hyderabad-based team is now called Sunrisers Hyderabad.

Deccan Chargers had won the franchise rights in 2007 agreeing to pay $ 107 million over 10 years. The team had won the second IPL.

The award is similar to the case of Kochi Tuskers Kerala who had won the arbitration against the BCCI in 2017. The BCCI was asked to pay Rs 850 crores but since then the matter has been in stuck in legal quagmire. The two parties have tried for a settlement, but without success.