After several hours of discussion, BCCI deems CVC Capital 'fit & proper' to own IPL franchise: Reports
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The confusion over CVC Capital’s bid for the Ahmedabad franchise in the IPL seems to be over. According to reports, the BCCI and CVC Capital held several hours of discussion, after which the BCCI concluded that CVC Capital was “fit” to own an IPL franchise. The BCCI, on October 25, announced RPSG Group and CVC Capital Partners as the owners of two new IPL franchises. CVC picked the Ahmedabad franchise with a winning bid of INR 5625 crore.