The BCCI has decided to settle the annual franchise fees issue with the suspended IPL sides Chennai Super Kings and Rajasthan Royals. Both the sides are now exempted from paying any fee during their suspension period of 2 years. Earlier, they were asked to pay fees for the 9th and the 10th edition.
After the 2013 IPL spot-fixing and betting scandal, the Supreme Court-appointed Justice RM Lodha panel had suspended IPL franchises Chennai Super Kings and Rajasthan Royals last year for a period of two years. However, the Board asked the teams to pay the franchise fees for the two years, despite being suspended. All the
However, after the blow from the verdict on Lodha committee recommendations, the BCCI decided to avoid another embarrassment from a legal
Tamil Nadu Cricket Association (TNCA) secretary Kasi Viswanathan confirmed the decision by the BCCI.
“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,” said Viswanathan, reported the Indian Express.
Chennai Super Kings were expected to pay Rs. 73 crore for two years, while Rajasthan Royals were expected to shell out Rs. 56 crore.