Suspended Indian Premier League (IPL) franchises Chennai Super Kings (CSK) and Rajasthan Royals (RR) would be required to pay participation fees, as per their 10-year contracts.
According to a report in The Hindu, both the teams would be paying a participation fees of Rs 72 crore and Rs 56 crore, respectively for the upcoming 2016 and 2017 seasons.
“We will be sending an invoice to the two franchise owners whenever it’s due. They have only been suspended for misconduct by their officials, and in order to maintain the franchise agreement for ten years, they have to pay to the BCCI the franchise participation money. Otherwise they will be deemed as defaulters,’’ the report quoted a senior BCCI official as saying.
The franchises, which were part of the cash-rich tournament since its inception in 2008, were suspended for two years (2016 and 2017) for betting in IPL 2103.
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