Sun TV Network won the Hyderabad Franchise of the
Indian Premier League (IPL) for a sum of Rs 85.05 crore per annum.
§ On September 15, the BCCI floated tenders for a new
IPL franchise after terminating Deccan Chargers’ contract following payment
default by the team owners DCHL.
§ DCHL was unable to furnish bank guarantee of Rs 100
crore before October 12, 5 pm deadline.
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