The Board of Control for Cricket in India (BCCI) has decided to waive off the annual fee of the two temporarily-suspended Indian Premier League franchises Chennai Super Kings and Rajasthan Royals, leading daily newspaper The Indian Express reported on Sunday (August 28).
Both Super Kings and Royals had moved the Bombay High Court in April earlier this year, seeking arbitration after being asked by the board to pay the participation fee for the ninth and tenth editions of the domestic Twenty20 league despite a two-year suspension levied on the two franchises by the Supreme Court.
In their last working committee meeting in New Delhi, however, BCCI president Anurag Thakur announced the decision to settle the issue by exempting Super Kings and Royals from paying the fee. Additionally, the board also decided to pay back the first installment that they had already paid.
“Yes, the franchise fee issue is now settled. During the last (BCCI) working committee meeting, the president said that the BCCI has reached an agreement with both Chennai Super Kings and Rajasthan Royals and they don’t have to pay the franchise fee. There’s no longer any legal issues between the franchises and the board regarding that matter,” Kasi Viswanathan, the Tamil Nadu Cricket Association (TNCA) secretary, told The Indian Express.
The franchises were both handed a two-year suspension last year after the Lodha panel established the involvement of their officials in illegal betting practices. Shashank Manohar, the then BCCI president, had asked the two franchises subsequently that they would have to continue paying the participation fees so as to remain a part of the IPL setup. Super Kings and Royals were therefore required to shell out Rs 73 crore and Rs 56 crore respectively per year despite being barred from participation.