The Board of Cricket Control in India (BCCI) have decided to waive off the annual participation fees for the suspended IPL franchises Chennai Super Kings (CSK) and Rajasthan Royals (RR), according to reports from Indian Express.
Both Chennai Super Kings and Rajasthan Royals were handed a two-year ban by Lodha committee after IPL-8 which made them illegible to participate in the ninth and tenth editions of Indian Premier League.
However, former BCCI president Shashank Manohar has asked the two franchises to pay the participation fees if they want to participate in the world’s richest T20 cricket league after their ban.
Both the suspended franchises have moved to Bombay High Court to seek arbitration in the issue as they are not willing to pay the fees as they won’t be participating in the tournament.
However, in the recent BCCI working committee meeting, current president Anurag Thakur announced that the board will waive the fees for both the franchises and also will pay back the first installment which they have already paid the board.
“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,” Kasi Viswanathan, the Tamil Nadu Cricket Association (TNCA) secretary, told The Indian Express.
Both CSK and RR were banned from Indian Premier League by Lodha committee after their officials’ involvement in illegal betting practices. Chennai Super Kings and Rajasthan Royals were required to a massive Rs 73 crore and Rs 56 crore respectively per year despite being barred from participation but the new decision would be welcomed by both the franchises as they are set to make a comeback to IPL after next edition.