In case, the BCCI decides to take away the ownership rights from CVC Capital owning to its investments in betting companies, the next best bidder - Adani Group will come into the picture. What if CVC Capital are not allowed to continue as owners? Several others have also questioned CVC Capital's investments in betting firms which has prompted the BCCI to run a legal check.CVC Capital's fate as the new owners of the Ahmedabad franchise in IPL will be decided by the BCCI after the legal investigation is done.Īlso Read: From Adani Group to The Glazers: A look at full list of bidders and their amounts for two new IPL teams what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket,” Lalit Modi has said in a tweet. Apparently, one qualified bidder also owns a big betting company. “I guess betting companies can buy an IPL team.

Former IPL commissioner Lalit Modi was one of the first to question BCCI's decision to hand the ownership rights of an IPL team to an organisation that has investments in betting companies. “The BCCI has full rights on whom they will allot the team, it’s the board’s discretion and we can only decide on a new IPL franchise (CVC) when the legal team reverts to us,' he added.īCCI is discouraged to form associations with companies in the betting business.

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