Deccan Chargers—the Hyderabad franchisee of the Indian Premier League (IPL)—is learnt to be in final stages of discussions with KKR, the New York-based PE fund, for divesting a significant minority stake. It is leant that KKR has submitted a term sheet for picking about 47% stake in the team at a pre-money valuation of $20 [...]
Deccan Chronicle Holdings Ltd. has mandated KPMG Corporate Finance to find a buyer for Deccan Chargers, the Indian Premier League (IPL) franchise for Hyderabad team. The company is looking at a valuation of $250 million and is prepared to exit. “We are willing to dilute our stake completely if we get the right valuation. We [...]
NRI industrialist Vikas Rambal, who is sponsoring Champions League Twenty20 side Waca Warriors, has expressed interest in owning Indian Premier League (IPL) side Deccan Chargers.
Via ET
Adam Gilchrist, the former Australian wicketkeeper-batsman, has been appointed captain of the Deccan Chargers, replacing VVS Laxman, who led the team during the inaugural season of the IPL. Darren Lehmann, the former Australia batsman, takes charge as coach, replacing former India player Robin Singh.
Via Cricinfo
Chargers chief executive Tim Wright said they would love to have Symonds available for the entire 2009 series, which runs from April 10 to June 1. “The Deccan Chargers would - as would any IPL team - want Andrew Symonds in from the very first ball of the competition to the very last ball,” he [...]
Afridi on Monday attributed blame for the Chargers’ poor record on Laxman’s captaincy, saying the 33-year-old veteran had “lost the plot” during the tournament. Afridi’s outburst prompted an angry reaction from Laxman, who said: “Afridi has no team ethics. He should know it was a collective failure because he was part of the team.”
Via Press [...]
Laxman was reacting to Afridi’s comments to a Pakistani news channel that former Aussie wicketkeeper-batsman Adam Gilchrist would be a better choice to lead Team Hyderabad and that Twenty20 would not suit Laxman’s style of play and was found wanting on the field despite not living up to the expectations of being a big hitter [...]
It is pertinent to mention that Afridi was a total failure as he could score only 81 runs in nine innings of ten matches he played for Deccan Chargers. “I am extremely disappointed, I failed to contribute for the team with the bat. My team finished at bottom because of my ordinary form. It really [...]
When it came, it was a tale of awesome cheerleaders and awful cricket. The former Aussie vice-captain and wicket-keeper took pride in arguably the tournament’s best cheerleaders his team had and expressed apologies for poor cricket the team played.
More: http://www.livemint.com/2008/05/28124119/End-to-Deccan-Chargers-IPL-men.html
Chennai Super Kings 148 for 3 (Raina 54*, Dhoni 37) beat Deccan Chargers 147 for 8 (Rao 46, Teja 40) by seven wickets.
Chennai bowlers restricted Deccan Chargers to 147 for 8 which made the task of their batsmen little easy and they coasted pretty well to victory. Raina and Dhoni made valuable contributions to storm [...]
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