BCCI Approaches Solicitor General Of India To Look Into CVC Sports' Investment In A UK Betting Firm
Updated - 29 Nov 2021, 01:09 PM
The Board of Control for Cricket in India (BCCI) has approached Tushar Mehta, the Solicitor General of India, to take a detailed look at CVC Sports’ investment in a UK betting firm, which has become a bone of contention.
CVC Sports brought the Ahmedabad franchise for INR 5625 crores, a new addition, along with the Lucknow franchise, from IPL 2022.
However, an issue has emerged recently, which he prevented BCCI from handing over the Letter of Intent, that CVC Sports, an American firm, has investments in a betting firm in the UK. The form has been trying to explain that their investments are not illegal.
Cricbuzz has learned that Tushar Mehta, who represents the board in matters not involving the Government of India, has advised the BCCI to take a second legal opinion.
“While it couldn’t be confirmed if the board has indeed gone in for a second opinion, those in the know have indicated that the matter is going to be settled soon, with a committee of legal experts at work,” Cricbuzz stated.
Former IPL chairman Lalit Modi questioned BCCI about CVC Sports
The issue seemed to have started when the founder and the first chairman of the IPL, Lalit Modi, had tweeted about CVC Sports’ involvement with a betting company on the day of the bids being finalized.
He questioned the BCCI for not doing their investigation properly about the bidders.
“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.
i guess betting companies can buy a @ipl team. must be a new rule. apparently one qualified bidder also owns a big betting company. what next ??? – does @BCCI not do there homework. what can Anti corruption do in such a case ? #cricket
— Lalit Kumar Modi (@LalitKModi) October 26, 2021
The retention deadline for the existing eight IPL teams is November 30. That could be, however, extended should this matter be not resolved.
Cricbuzz also reported that the BCCI is planning to start the IPL 2022 on April 2 in Chennai. The tournament will have 10 teams and 74 games in all.
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IPL 2022 The Board of Control for Cricket in India (BCCI)
