BCCI to settle annual franchise fees issue with CSK and RR

Supreme Court appointed Justice RM Lodha panel had suspended two of the most successful IPL franchises Chennai Super Kings (CSK) and Rajasthan Royals (RR) for two years for the involvement of important people from the team in the spot-fixing scandal that shook the league in 2013.

Despite being suspended, the board asked the teams to pay the franchise fees for the two years, which is something every franchise has to pay 1/10 (10%) of their bid amount over a period of 10 years amount to continue featuring in the Indian Premier League (IPL).

However, the board has resolved the issue with the two teams as they decided to relieve them from paying the fees, on the back of the blow from the verdict of the Supreme Court. The franchises had already paid the fees for the first year and the board has decided to repay the amount.

Chennai Super Kings were expected to pay Rs. 73 crore for two years whereas Rajasthan Royals were to pay an amount of Rs. 56 crore for 2 years.

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Tamil Nadu Cricket Association (TNCA) secretary Kasi Viswanathan was the one who confirmed the decision taken by the Board of Cricket Control in India (BCCI) and also added that there are no more legal issues between the franchises and the board regarding the same.

“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.

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