NEW DELHI: Cash-strapped Indian Premier League (IPL) side Deccan Chargers lost another attempt to remain in the lucrative competition after a court backed their expulsion. The BCCI, which owns the IPL, has already invited bids to set up a new team in place of the Chargers, who were removed for financial violations including its failure to pay salaries to players. Deccan Chronicle Holdings, a media company that owns the Hyderabad-based team, had failed to submit $19 million as guarantee money — to prove it could pay its debts and players — last week as ordered by the Bombay High Court. The BCCI must now select a new franchise in the nine-team competition and also decide the fate of the players who were contracted to the Deccan Chargers.
Published in The Express Tribune, October 19th, 2012.
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