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BCCI to investigate close connections of CVC Capitals, owner of Ahmedabad IPL team.

IPL 2022: In the recent development from the Indian Premier League, the BCCI is now going to have a keen look at the track record of CVC Capitals, the company that owns the operations of the new Ahmedabad based IPL franchise, for having connections with the betting companies.

Irelia Company Pte Ltd (CVC Capital Partners) were awarded the functions of Ahmedabad based new IPL franchise for a whopping INR 5625 Crores during the recent team auction in Dubai.

CVC Capitals stepped into the spotlight for allegedly having ties with big betting companies (Tipico and Sisal). While Sisal is a payment company, Tipico is an online gaming betting company. The news hopped in hours after the CVC Capitals won the bid. 

“I guess betting companies can buy an IPL team. must be a new rule. apparently one qualified bidder also owns a big betting company. what next does BCCI not do their homework. what can Anti-corruption do in such a case ?,” tweeted Lalit Modi right after the auction of two new teams was concluded.

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The BCCI faced strong criticism for not doing its homework and proper investigation as betting is illegal in India. However, one of the BCCI officials later clarified that though betting is illegal in India, it’s clearly not in foreign.

The matter seemed to be dead rubber following the statement from one of the top BCCI officials but the cricket board has recently decided to have a deep look at the matter with a panel of neutral judges.

If the reports are to be believed, the panel will consist of likes of judges from the Supreme Court and High Courts. It is also learnt that some of the bigwigs from the legal domain will also join the panel.

If somehow, CVC Capitals are found guilty, the operations of the Ahmedabad based new IPL franchise will be handed over to the Adani Group. Apparently, Adani’s proposed the next best bid for Ahmedabad (INR 5100 Crores).

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