'You don't need investigation' - Lalit Modi wants BCCI to disqualify CVC Capital from IPL

Lalit Modi had earlier questioned the entry of the CVC Capital firm in the IPL. Opening up on the same yet again, he took it to his official Twitter account to take a dig at the decision-makers. The Board of Control for Cricket in India (BCCI) recently announced the bidders of the two new IPL teams. RPSG Group won the Lucknow franchise for INR 7,090 crores whereas, CVC bagged Ahmedabad for INR 5,625 crores.

However, earlier it was reported that the BCCI has been looking into the new IPL franchise CVC Capital’s business links. The private equity firm CVC Capital Partners came under the radar owing to their links with the betting companies abroad. Lalit Modi has thus warned the BCCI of a disaster if the firm is allowed to own the franchise.

“A DISASTER WAITING TO HAPPEN IF #BCCI DECIDES TO ALLOW @cvc_capital_partners to own a team. A betting company. Has no morals. U should know that. I thought we had zero tolerance. Seems not. @iplt20 #cricket #fixing #itsnotallaboutmoney. I should know,” his Tweet read.

In another tweet, he asserted that BCCI should not go through any investigation and should rather just disqualify the firm. He wrote: “Disaster and foolish behavior of decision-makers. – It shows. Still after Supreme Court limiting the term. Still members 15/40 years on board. Really disgusting.”

Disaster and foolish behaviour of decision makers. 😢 – it shows. Still after supreme court limiting the term. Still members 15/40 years on board. Really disgusting. pic.twitter.com/NM7Utjg7MJ

— Lalit Kumar Modi (@LalitKModi) November 2, 2021

We can only decide on a new IPL franchise (CVC) when the legal team reverts to us: BCCI official

After the CVC Capital Partners came under the cloud for their links, BCCI has been reportedly looking after the matter with the help of their legal team. However, it was reported that the board will need some more time for its legal team to come up with a conclusion.

“The formalities haven’t yet been completed, the BCCI legal team is going through it and we are expecting them to revert us post-Diwali. 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,” a BCCI official had earlier stated as quoted by Indian Express.