The BCCI has terminated the troubled Deccan Chargers franchise, winners of IPL 2009, after an emergency league governing council meeting in Chennai on Friday. Senior BCCI officials told ESPNcricinfo that the tender for a new franchise would be issued on Saturday.
A BCCI statement issued late on Friday night said the board's action came after what it called a "sudden change of stance by the franchise" regarding its commitments and the board's belief that any further extension of time to the franchise owners would "seriously prejudice the interests of the players."
"This evening, the BCCI received a lawyers' notice invoking arbitration from the franchise stating that it had not committed any breaches and even if such breaches were committed, the BCCI should not act to terminate the franchise till Yes Bank Ltd furnishes sufficient finance to cure the breaches," the statement said. "By this, Deccan Chronicle Holdings Ltd has clearly admitted its inability to cure its breaches within the time stipulated in the BCCI notice despite every bit of assistance from the BCCI. Since the month of May, BCCI has received repeated assurances that the overdue player fees would be paid; all of these promises have been unfulfilled.
