Acting according to the judgment Based on the (Lodha Committee) given by the Supreme Court of India, the BCCI has stuck to the task of banning the Chennai Super Kings and the Rajastan Royal till 2018, but in the meanwhile the BCCI is adding two more new teams in the absence of CSK and RR teams thus compensating to the loss. This means that in 2018 IPL will have 10 teams adding to the business of IPL. BCCI will float tenders and invite bids for two new teams to replace CSK & RR in the Indian Premier League for 2016 and 2017. BCCI rules regarding conflict of interest and the amendments to the Rules and Regulations of the Board are being proposed for the consideration at the Annual General Meeting on November 9, 2015. The IPL title sponsorship right has been assigned to M/S Vivo mobiles. Vivo is to give the Bank Guarantee in next ten days. This means that the BCCI is keen on evaluating to compensate loss rather than fix the match fixing issues.
BCCI WON’T TERMINATE CHENNAI SUPER KINGS, RAJASTAN ROYALS. ONLY SUSPENSION IN PLACE AS PER THE LODHA COMMITTEE AND SUPREME COURT JUDGMENT.
The Working Committee’s decision was strictly in lines with the suggestions of the IPL Working Group, which comprised of IPL chairman Rajeev Shukla, secretary Anurag Thakur, former India captain Sourav Ganguly and treasurer Aniruddh Chaudhary.
“The Justice Lodha committee interim report will be implemented fully. The two franchisee teams, Chennai Super Kings and Rajasthan Royals remain suspended for two years. BCCI will float tenders and invite bids for two new teams to replace Chennai Super Kings & Rajasthan Royals in the Indian Premier League for 2016 and 2017 (2 years).”
BCCI / IPL PRIMARY IMPORTANCE IS BUSINESS : SEVERITY OF PUNISHMENT TO TEAMS INVOLVED IN SPOT FIXING IS LESS WHICH WILL NOT HAVE ANY IMPACT ON CURBING SPOT FIXING IN CRICKET
Majority of the BCCI members were not too keen on termination of the two IPL franchises, which were involved in the spot-fixing scandal in 2013.
The BCCI top brass has always maintained that it would implement Lodha Committee’s recommendations in toto and since the Supreme Court appointed committee had suspended for two years, the Working group also stuck by it.
The decision was also in consonance with president Shashank Manohar’s statement that BCCI won’t be vindictive towards any of its state units.
The IPL title 2016 sponsorship right has been assigned to M/S Vivo mobiles
Other decisions that were taken and ratified at today’s meeting included starting the Treasurer’s Office operations from the BCCI Headquarters here at the earliest.
Besides, “M/S Gokhale & Sathe has been appointed as the internal auditors of the BCCI. They replace M/S P.B Vijayragahavan & Company. The Board has appointed M/S Deloitte for ‘Project Transformation,” the BCCI stated.
The BCCI also appointed Price Water House Cooper as the independent agency for due diligence on the utilisation of funds provided to the state associations.