|Photos||Video & Audio||Blogs||Statistics||Archive||Fantasy||Mobile|
A timeline of the Deccan Chargers saga, from its stirrings to the franchise' termination
October 13, 2012
June 15, 2012
News emerges that Deccan Chronicle Holdings Limited (DHCL), the owners of the Deccan Chargers side, are exploring the possibility of selling the franchise.
July 16, 2012
Former Chargers chief executive Tim Wright wins a case of wrongful dismissal against the franchise and is awarded £10.5 million ($16 million approx), plus legal costs, by the High Court in London. He was dismissed by the Chargers in January 2009; he began legal proceedings against them the following month. In September 2012, Wright registers a 'foreign decree' in an Indian court to enforce the judgement passed by the London court.
August 15, 2012
The franchise is given until the end of the month by the BCCI to pay its players their dues, as it had defaulted on the scheduled date. The board also seeks an explanation for the owners mortgaging the team ownership rights to two leading Indian banks.
September 13, 2012
DHCL refuses the sole bid it receives at the auction. The "price and terms" of the bid from PVP Ventures, a company that finances film projects in India, are deemed "not suitable" by the owners. Reports say the offer was for Rs.900 crore (then US$164 million).
September 14, 2012
The BCCI terminates the Deccan Chargers franchise, claiming defaults of payments to players, foreign boards and its possible "deleterious" effects on the IPL prompted the decision. DHCL challenges the decision in court the next day.
October 9, 2012
DHCL asks a three-day extension to raise Rs.100 crore (US$19 million) as a bank guarantee, one of the conditions set by the Bombay High Court ruling of October 1, to avoid termination from the IPL.
October 12, 2012
The Chargers are terminated from the IPL, as their owners fail to produce the bank guarantee. It leaves the BCCI free to invite bidders for a new franchise, with the status of Chargers' players and staff currently unclear.
October 13, 2012
In a countermove, the Chargers approach CK Thakkar, the court-appointed arbitrator, who puts a stay on the termination order passed by the High Court. In turn, the BCCI files for an "urgent" hearing in the High Court, challenging Thakkar's ruling. The court overrules the arbitrator's ruling, and the Chargers' termination stands.
October 14, 2012
The BCCI floats a tender, inviting bidders for a new IPL team.
October 18, 2012
Bombay High Court overrules the arbitrator's decision to impose a status quo on their expulsion from the IPL.
October 25, 2012
Sun TV Networks Limited, one of India's biggest television networks headquartered in Chennai, wins the Hyderabad franchise, bidding around $15.9 m for a five-year deal.
© ESPN Sports Media Ltd.
The former Indian openers haven't been shining lately, but the IPL presents an opportunity for them to show their class
They were making good progress in building a world-class side, but not getting rid of Kevin Pietersen after the texting saga in 2012 cost them greatly
Twenty years ago this week, Brian Lara became Test cricket's highest scorer, but he almost didn't make it
Mahela Jayawardene and Kumar Sangakkara go over their World T20 win, and feel grateful to have fans whose support remains unwavering in victory and defeat
Plays of the day from the IPL match between Chennai Super Kings and Kings XI Punjab in Abu Dhabi
Having the top Associate team play the lowest-ranked Test side without the threat of relegation shows how votes mean more to the ICC than results
Brian Lara's 375 had a sense of inevitability to it, while the 400 came amid a backdrop of strikes and the threat of a whitewash
If they are to live up to their potential in next year's World Cup at home, they need to look within and search for inspiration pronto