The deal could be signed in 2-3 days and involves $250 million for an 80% stake. KPMG will be the fecilitator.
Now, this leaves you wondering as to why Deccan Chronicle (DC) wants to sell off its beloved baby. Maybe it's because of the team's disastrous performace at the IPL Series of 2008, where the Chargers won just two of their fourteen matches, ending up at the bottom of the table.
Maybe the internal politics of the team got too much. One wonders why VVS Laxman has been kicked off as the Captain, in spit of the noises around him as the 'hometown hero.'
But of course, the Champions Trophy is soon to begin, and I'm keeping my fingers crossed to see Rajasthan Royals win another series!