Indian Premier League: BCCI bets on new panel to clear doubts

The Board of Control for Cricket in India (BCCI) will appoint a neutral committee to look into CVC Capital Partners’ alleged links with betting companies abroad.

International investment firm Irelia Company Pte Ltd, an arm of CVC Capital Partners, successfully bid for the Ahmedabad franchise for Rs 5625 crore last month. The Lucknow franchise went to the Sanjiv Goenka-backed RPSG Ventures Ltd for Rs 7090 crore. IPL will be a 10-team affair from next season.

Sources told The Telegraph that the BCCI doesn’t want to leave anything to chance and wants “total transparency” in this regard. Hence the decision to appoint a neutral panel, the composition of which is still not clear but will comprise legal luminaries along with former Supreme Court and High Court judges.

An IPL governing council meeting is expected to take place before the Board’s AGM on December 4 to clear the formation of the neutral committee. The panel’s ruling will be final and binding.

Source: https://www.telegraphindia.com/sports/cricket/indian-premier-league-bcci-bets-on-new-panel-to-clear-doubts/cid/1841014