IPL's Deccan Chargers team will be sold to NRI businessman Vikas Rambal.
Sources have told NDTV that Rambal has offered $250 million to buy 80 per cent stake in Deccan Chargers.
Consultancy firm KPMG is facilitating the sale of 80 per cent stake in the IPL team.
The sources have also said that the deal is likely to signed in 2-3 days.
Source:
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http://cricket.ndtv.com/cricket/ndtvcricket/cricketstory.aspx?id=SPOEN20080070192
Awkward news to say. Not sad, not good. DCs were really consistent in their marketing and planning. Even when they lost the first season, they didn't make up any news over the upsets of the team unlike RCB. Deccan Chronicle, the news paper company which had bought the team for the first season was looking like it had a lot of time to be with It. Although, it was too early to sell the team, doesn't matter if it's only "80%" sold, selling is selling. Rambal, the new buyer and co-owner (Sources) of the Deccan chargers team has also sponsering in the WACA (Western Australia) in the Australia domestic cricket circuit.
This is Interesting too. If he buys the team, he has the right to pick new players as well now, and deccan chargers lack the special bowling attack. And if he could anything with that, it'll be well, another good news for Hyderabad.
Money is dragging Any powerful players in cricket over to the teams, hope to see some Familiar faces..
Also, this thread will remain for further discussions and news. Though, it's little short of sources now.