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Deccan Chargers


Deccan Chargers

About Deccan Chargers

Deccan Chargers is an Indian cricketing team which plays in Indian Premier League. In September 2009, it is reported that the team will go public in 2011. The winning team's players are offered stock options.

Deccan Chargers put up auction

Following financial trouble in 2012, the Deccan Chargers has been put on sale by its owners Deccan Chronicle Holdings Limited. The advertisement for the auction was published on September 6, 2012. The auction happened on September 13, 2012. A single bid came up for the auction from PVP Ventures, a company that finances film projects in India. The bid was rejected by DCHL.

DC moves to Bombay High Court

Following the rejection of the bid, the BCCI has terminated the Chargers' franchise on September 14, 2012. Deccan Chargers moved to court in Bombay High Court. The court heard both the parties and the matter has been placed for hearing on September 17, 2012.

High Court orders Status quo

The Bombay High Court has directed the BCCI to maintain status quo regarding the termination of Deccan Chargers. The Deccan Chargers, in its petition, said that the decision of BCCI to terminate the contract is illegal and bad in law. The BCCI informed the High Court that it was not inviting tenders for Deccan Chargers team. BCCI in its affidavit said that it intends to invite tenders for new teams for cities like Ahmedabad, Vizag and Coimbatore. Justice SJ Kathawall posted the matter for further hearing on September 24.

DCHL announces decision to sell

Deccan Chargers Holdings Ltd (DCHL) has failed to furnish a Rs. 100 crore bank guarantee by the deadline set by the Bombay High Court. The court on October 9 has given an extension till October 12. However, DCHL sought another extension till October 15, which has been rejected by the court. Since they failed to provide the bank guarantee, the status quo set by the Bombay High Court on Deccan Chargers IPL franchise is automatically lifted. The BCCI will now be available to invite fresh bids.

Earlier in the day, DCHL announced their decision to sell the franchise to a Mumbai-based real estate developer Kamla Landmarc Real Estate Holdings Pvt. Ltd. for an undisclosed amount. Analysts believe that the deal may be worth Rs. 1000 crore. Following the announcement of decision, the DCHL shares rose 4.92 percent to Rs. 9.60 on BSE. Since the court rejected the plea for an extension to provide bank guarantee, the deal is now under question.

Deccan Chargers team

  • VVS Laxman (Captain)
  • Adam Gilchrist
  • Andrew Symonds
  • Arjun Yadav
  • Chamara Silva
  • Chaminda Vaas
  • Doddapaneni Kalyankrishna
  • Dwaraka Ravi Teja
  • Halhadar Das
  • Herschelle Gibbs
  • Nuwan Zoysa
  • Paidikalva Vijaykumar
  • Pragyan Ojha
  • Rohit Sharma
  • RP Singh
  • Sanjay Bangar
  • Sarvesh Kumar
  • Scott Styris
  • Shahid Afridi
  • Venugopal Rao
  • Robin Singh (IND) (Coach)

Deccan Chargers in News

DCHL issues tender notice to sell Deccan Chargers
Invitation to tender and bid document can be acquired from September 7

Aussie batsman White's IPL stint helped him regain lost form
Australian batsman Cameron White believes his stint in the Indian Premier League (IPL) for his franchise Deccan Chargers has helped him to regain his lost form.

IPL performance not enough to guarantee White place in Oz T20 team
Australian selectors will not be guided by Cameron White's decent performance in the Indian Premier League alone when they pick the team for the ICC World Twenty20.

IPL auction 2012: Chennai Super Kings bags Ravindra Jadeja for nearly 10 crores
India and Baroda all-rounder Ravindra Jadeja on Saturday expectedly turned out to be the biggest draw for the Indian Premier League (IPL) franchises, but it was the India Cements owned Chennai Super Kings that succeeded in bagging him for a whopping two million dollars (approximately Rs.9.72 crore) in the players' auction for the fifth edition of the Indian Premier League here.

Turkish Government Speakers Added to the Line-up at the International Herald Tribune Sports Business Summit
Bringing together its renowned journalists and leading industry figures, the International Herald Tribune Sports Business Summit is an exclusive forum for sports leaders and investors to discuss critical developments in the global sports industry

The First International Herald Tribune Sports Business Summit to be Held in Istanbul, the European Capital of Sport 2012
Bringing together its renowned journalists and leading industry figures, the International Herald Tribune (IHT) announces an exclusive forum for sports leaders and investors. A platform for discussing critical developments in the global sports industry, the IHT Sports Business Summit will take place in Istanbul on 25 and 26 April 2012

Pragyan Ojha set to play for Surrey
Surrey County Cricket Club has signed Indian left-arm spinner Pragyan Ojha for the remainder of the season.

Gambhir visits temple ahead of KKR-Mumbai Indians IPL match
Kolkata Knight Riders (KKR) skipper Gautam Gambhir visited the famous Kalighat temple in Kolkata on Sunday ahead of the team's Indian Premier League (IPL) game against Mumbai Indians.

Dalai Lama joins Preity Zinta at IPL venue in Dharamsala
The Indian Premier League match between the Kings XI Punjab and Deccan Chargers being played here, had a special guest in the form of Tibetan spiritual leader - the Dalai Lama-on Saturday.

Sangakkara praises Ishant, Mishra over Deccan Chargers' IPL campaign
Mumbai, May 15(AN): Deccan Chargers captain Kumara Sangakkara on Sunday praised fast bowler Ishant Sharma and leg-spinner Amit Mishra for their outstanding contribution throughout the Indian Premier League (IPL).

Mumbai Indians train their guns on Deccan Chargers
Mumbai Indians and Deccan Chargers went under a strenuous practice session at the nets for the crucial tie between the two in the Indian Premier League here.

Pune Warriors could have played better: Geoff Marsh
Pune Warriors coach Geoff Marsh has said that his team could have played better cricket than what they have so far.

I played one of my best T-20 innings: Sehwag
Delhi Daredevils skipper Virender Sehwag, who played one of his best T-20 innings against Deccan Chargers, said that scoring his first hundred in this format of the game is very special to him.

Deccan Chargers hope to keep their IPL campaign afloat by beating Delhi
Ahead of their encounter in the Indian Premier League against Delhi Daredevils, Deccan Chargers skipper Kumar Sangakkara hopes to break the series of defeats and earn full two points that will keep their campaign afloat in the tournament.

To maintain momentum treat each match as first game of IPL: Gambhir
Kolkata Knight Riders skipper Gautam Gambhir has said that winning momentum is very important to do well in the tournament after an easy victory against Deccan Chargers (DC), and asked his players to treat each game as it is the first game of the Indian Premier League.

Whatmore asks KKR players of no more slip-ups in IPL
Kolkata Knight Riders (KKR) coach Dav Whatmore has asked his players that he doesn't want to see more slip ups in the upcoming crucial match against the Deccan Chargers (DC) in Hyderabad.

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