October 19, 2012

Indian Premier League

IPL rapidly losing its sheen

Following the termination of Deccan Chargers, the IPL has lost further credibility. With the BCCI floating a tender for a new franchise, there are no takers for application forms and there's the other issue of finding a new title sponsor. Aminah Sheikh and Khushboo Narayan in Livemint find out why some corporates are staying away.

An executive said BCCI's more-stringent norms had discouraged his company from picking up the tender document, which costs around Rs.5 lakh. The person, who had initially been interested in buying a team, didn't want to be named. Another discouraging factor has been BCCI's ongoing legal battles with three of the eight remaining teams, Kings XI Punjab, Pune Warriors India and Rajasthan Royals, apart from its terminal dispute with Deccan Chargers.

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