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DC mess: IPL governing council gives team 14-day deadline
Thursday 16 August 2012

A day after TOI reported how the owners of IPL franchisee Deccan Chargers (DC) had mortgaged their team to two private banks to overcome their financial crisis, the IPL governing council (GC) on Tuesday issued a 14-day ultimatum to the owners, asking them to sort out the problems.

Representatives of the franchisee and two banks' representatives presented their case at the hurriedly-called meeting of the governing council in the Capital on Tuesday evening.

TNN

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