BCCI forms committee to investigate allegations against CVC Sports

The Board of Control for Cricket in India (BCCI) has formed a committee to investigate the matters related to CVC Sports, which acquired the Indian Premier Leagueโ€™s (IPL) Ahmedabad franchise.

The IPL Governing Council, which met in Kolkata on Friday, decided that a decision on CVC will be taken once the five-member committee submits its report. There are allegations that the company has investments in a UK betting firm.

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Hence, the Board is yet to issue a letter of intent to CVC Sports. The date and venue for the IPL auction will be finalised once the CVC matter is resolved.

The deadline โ€“ between December 1 and 25 โ€“ for the two entrants to pick a maximum of three players each outside the next yearโ€™s auction is expected to be extended. โ€œSince there is no clarity on CVC, we expect the deadline to be extended by a few days. We are monitoring the situation and once we have clarity, we can make a decision,โ€ a source aware of the development, toldย Sportstar.

The Governing Council also discussed the media rights issue and decided to consult an external agency. โ€œWe want some expert opinion before deciding on whether the process will be an e-auction or close bidding. We want to finish the process by next month,โ€ the source said.

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