Chennai Super Kings and Rajasthan Royals Suspended from IPL for 2 Years
The Supreme Court appointed panel, led by Justice RM Lodha, finally gave its ruling in the match fixing and betting in the Indian Premier League.
The decision, which was announced on Tuesday, came as a massive shock to two prominent figures in the industry – former Chennai Super Kings official Gurunath Meriyappan, who is also the son in law of the International Cricket Council chairman N. Srinivasan and the co-owner of the Rajasthan Royals – Raj Kundra, who is a businessman and wife of the actress Shilpa Shetty.
The panel also banned the CSK and RR from playing in the IPL for a period of two years.
However, not all hope is lost for the teams as they still have the chance to submit a petition to the bench and ask for a review of the suspension.
But as of now, the entire IPL world is gravely affected by the decision and it is possible that the revenue of this prestigious tournament may go down by as much as 35 percent. The two teams were the highly popular in the tournament, with CSK being the two time champions and the Rajasthan Royals, winning the first edition.
The fates of the players are also undecided at the moment. A meeting has been called for by the IPL governing council, which will discuss the future of the tournament in terms of filling the spots created by the suspension of the two teams.
If the new teams are introduced, then the chances are that the players from the suspended teams will be transferred to these new franchises, or will be put in the pool for re-auctioning, which will give the other teams a chance to get the players like Mahendra Singh Dhoni, Suresh Raina, Shane Watson, Steven Smith and many more.
This historic verdict has shaken up the IPL completely and the sent the fans in a limbo. With the BCCI meeting soon, one can only hope that the tournament will reclaim its glory soon.