by FP Sports Oct 12, 2012 18:26 IST
- The Hyderabad franchise was bought by Deccan Chronicle Holdings Ltd. The media group acquired the franchise for an amount of USD 107 million on 24 January 2008.
- For the first three years, the side was captained by Adam Gilchrist. It also included Andrew Symonds, VVS Laxman, Herschelle Gibbs and Rohit Sharma.
- But despite having top players, the 2008 season was a disaster as the team finished bottom of the table.
- However, the 2009 season bought a lot of changes with it. The team management sacked the entire administrative team and started anew. The Jaypee Group, which sponsored the team in 2008, also withdrew it's sponsorship.
- The changes had their desired effect as Deccan went on to win the 2009 IPL title. Gilchrist, Symonds and Rohit Sharma played a huge role in the team's success.
- Dinesh Wadhwa, former Regional Manager of ICICI Bank, was appointed chief operating officer for 2010.
- 2010 was another decent season for Deccan. They managed to make it to the playoffs but lost both their matches and ended up fourth best.
- 2011 saw more changes as Deccan put up all it's players in the auction. Cameron White, JP Duminy, Ishant Sharma, Dale Steyn and skipper Kumar Sangakkara came into the team but they lost RP Singh, Rohit Sharma, Andrew Symonds and Adam Gilchrist.
- The changes didn't help their fortunes a lot -- they ended up 7th best.
- The 2012 season saw more of the same. Deccan finished eighth out of the nine teams in the league stage points table. They were let down badly by the bowling and the batting.
- Due to financial problems Deccan Chronicle Holdings Ltd, the team owner of Deccan Chargers announced the sale of their team by auction. The sale was announced in a newspaper advertisement.
- The auction for the franchise on 13 September, 2012 ended with no result as the team's owners rejecting the sole bid they received from PVP Ventures. The bid was said to be around 900 crore. The BCCI had said that they had no objections to the offer.
- Later on 14 September 2012, the BCCI announced that the Deccan Chargers franchise was terminated due to various violations of BCCI codes by DCHL and the tender will be called for new team. DCHL moved to court to sort their issues with BCCI on termination and managed to get a stay.
- 12 October the Deccan Chargers contract is terminated as they fail to give the Rs 100 crore bank guarantee.
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