Deccan Chargers franchise up for sale
Deccan Chargers, the Hyderabad-based IPL franchise, has been officially put up for sale by its owners Deccan Chronicle Holdings Limited. The sale, announced in a newspaper advertisement on Thursday, will be through a bidding process that will be completed on September 13, with the winning bid announced on the same day.
The franchise, whose owners have been facing financial problems, had approached the Indian board for help and the advertisement says the bid process will take place “under the aegis of the BCCI”. The tender notice makes it clear that the franchise will continue to be based…
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