Cricket News By TODAYLIVESCORE.INFO - BCCI yet to hand Letter of Intent to CVC. The legal team of the BCCI is also looking into the CVC files and there is a chance that a committee could be formed to adjudicate on the matter.
The legal team of the BCCI is also looking into the CVC files and there is a chance that a committee could be formed to adjudicate on the matter.
The last word on CVC Sports is yet to be out. The latest is that the private equity firm's successful bid to win the Ahmedabad franchise of the Indian Premier League (IPL) has gone into negotiations with the American company trying to explain to the officials of the Board of Control for Cricket in India (BCCI) that its investment in a UK betting firm, which has become a bone of contention, is not illegal.
As a result of the stalemate, there has been a delay in BCCI giving the Letter of Intent, which has already been submitted to the RPSG Group of Sanjiv Goenka, who has successfully bagged the Lucknow franchise. Also as a result of the deadlock, the CVC Sports talks with Ravi Shastri and other coaches have not been delayed.
Cricbuzz can confirm that a group of top CVC officials have flown to India, and to Dubai as well, to have talks with the BCCI office-bearers and officials and there is also information that another round of talks could place in the next day or two if not on Monday (November 15) itself. The legal team of the BCCI is also looking into the CVC files and there is a chance that a committee could be formed to adjudicate on the matter.
BCCI insiders say that the bidding parties were told on October 25, when the auction had taken place in Dubai, that there may be a full scale study of their business roots as it was not possible to go through all the papers on that day itself. The BCCI had given itself time up to December 31 for a second round of due diligence, if needed.
Although there has not been any comment from CVC, which had won the Ahmedabad team for Rs 5625 crore, there has been some air of confidence that the matter will be settled in their favour. Those close to the American investors claim that most major foreign companies, including one of the stakeholders of the BCCI, may have made investments in the betting companies and that is not unusual.
Nehra, Kirsten in Lucknow radar?
Meanwhile, information is tickling that the Lucknow franchise has approached Ashish Nehra and Gary Kirsten to be its head coach and consultant. Discussions have taken place between RPSG and the former India pacer and coach, both part of the 2011 World Cup winning side, but a final decision has not been taken. Both have denied knowledge but it is understood that they are bound by a confidentiality clause. A text message to Goenka, the chief of the RPSG Group, remained unanswered.
Laxman accepts NCA role
It can be confirmed that VVS Laxman will succeed Rahul Dravid as the head of the National Cricket Academy. The confirmation to this effect has come from Sunrisers Hyderabad for which Laxman has been a mentor. He has informed the franchise that he has accepted the offer to head the NCA, which was helmed by Dravid till he was appointed head coach of the Indian team recently. Laxman did not respond to a query from this website.