Deccan auction results on Thursday

The bids for the IPL franchise Deccan Chargers, which has been put up for sale with its owners facing serious financial issues, will be opened in Chennai on Thursday. It is not yet known how many bidders have entered the fray with only Videocon, an Indian business conglomerate, coming on record with an expression of interest.
The bid amount itself will be deposited with one of the franchise’s lenders, ICICI Bank, and the Bombay High Court has ruled that the money can’t be utilised by the owners without its permission. The court has also appointed an officer to oversee the sale…

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