Thursday, May 19, 2022

IPL 2022: IPL Governing Council forms committee to look into CVC-backed Ahmedabad franchise, decision soon

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IPL 2022: IPL GC meeting: Independent committee formed – BCCI formed an independent committee on Solicitor General of India Tushar Mehta’s advice to take a call on the CVC Capital Venture-backed Ahmedabad franchise. The committee will now look into CVC’s alleged ties with two betting companies. Apart from that, the all-important governing council meeting also decide that an external agency will be consulted on IPL media rights. Follow IPL 2022 Live updates on InsideSport.IN.

The focal point of IPL GC meeting was CVC and whether they will be given the letter of intent. But after Solicitor General of India’s advice, they formed a four-member committee which will now give its recommendation on the matter. While the board didn’t set a time limit, it expects the report soon. Once the matter is closed, the BCCI will decide on the venue and date of the IPL 2022 Auction.

IPL 2022: IPL Governing Council forms committee to look into CVC-backed Ahmedabad franchise, decision soon

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As per information available with InsideSport, the committee comprises of some of the legal luminaries of the country. The source further told InsideSport that the committee is expected to give their decision in 3-4 days.

Ahmedabad along with the other new team from Lucknow is yet to start the process of finalizing 3 players before the IPL Mega Auctions as they are yet to receive the letter of intent.

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IPL GC meeting: IPL Governing Council meeting today, fate of Ahmedabad franchise can be decided – Follow Live Updates

The period to confirm three players began on December 1 but it has been put on hold as the BCCI is yet to sign on the dotted line with Ahmedabad owners.

“It’s a complicated matter and we will discuss the way forward in the meeting. Everyone wants the matter to be resolved as soon as possible so that we can move forward and decide on the auction. An independent committee will look into the matter. Can’t say more than this,” an IPL GC member told InsideSport.

IPL GC meeting Points of discussion

  • The GC formed a four-member committee to look into the CVC matter.
  • The four-member committee will advise the BCCI and a final decision will be conveyed in 3-4 days.
  • The BCCI wants to bring in an external agency to finalise IPL media rights tender.

IPL 2022: IPL Governing Council forms committee to look into CVC-backed Ahmedabad franchise, decision soon

Also Read: IPL 2022: “Nobody can doubt his skills as a captain” – CSK CEO on MS Dhoni’s retention

IPL 2022: Why has BCCI not issued letter of intent to CVC-backed Ahmedabad franchise?

International investment firm Irelia Company Pte Ltd, an arm of CVC Capital Partners, successfully bid for the Ahmedabad franchise for Rs 5625 crore last month. But due to its alleged ties with the betting companies, the BCCI put a hold on issuing the letter of intent to both new franchises including Lucknow. The BCCI approached the solicitor general of India Tushar Mehta for guidance and now they have decided to go ahead with forming a committee. The decision by the committee will be final and binding.

“The board doesn’t want to leave anything to chance and want to be completely sure before giving the team to CVC. This is the reason the IPL GC has been called and they will form an independent panel comprising of some of the most well respected legal luminaries in the country,” a BCCI source informed InsideSport last week.

More to follow….

Follow InsideSport for all IPL 2022 Updates and Moneyball for IPL players’ salaries

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