IPL 2022: BCCI to investigate CVC Capital Partners' links with betting companies

IPL 2022: BCCI to investigate CVC Capital Partners’ links with betting companies

The BCCI is planning to appoint a panel to look into this issue as well.

BCCI
BCCI. (Photo by Aniruddha Chowhdury/Mint via Getty Images)

The CVC Capital Partners, who have bought the Ahmedabad franchise for a sum of INR 5625 Crores in the auctions are now in the spotlight for their alleged connection with some betting companies.

The Board of Control for Cricket in India (BCCI) will now investigate this matter keenly. In fact, the BCCI is even planning to appoint a neutral panel to look into this issue as well.

This esteemed panel is likely to consist of the Supreme Court and High Court judges as well as other legal bigwigs as well. Also, there will be a meeting of the IPL governing council on 4th December 2021 regarding this matter as well.

If the BCCI disallows CVC Capital Partners, the Adani Group will own the Ahmedabad franchise

Now, what happens if the BCCI decides not to allow the CVC Capital Partners to own the Ahmedabad franchise? In that case, the Adani Group, the next highest bidder (INR 5100 Crores) will become the owners of the Ahmedabad franchise.

The website of the CVC Capital Partners features Tipico and Sisal, both betting companies. While Tipco is a betting company for online gaming, Sisal is a payments company. And needless to say, betting is banned in India.

And, the founder and the very first chairman of the IPL, Lalit Modi had tweeted on the day of the bids being finalized that the BCCI has started allowing betting companies to buy IPL teams. Modi also added that the BCCI has not done its homework.

“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.

You can see the tweet from Lalit Modi below