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BCCI on CVC Sports Franchise Approval

The Board of Control for Cricket in India (BCCI) has yet to give final approval to CVC Sports’ purchase of the Ahmedabad franchise in the Indian Premier League (IPL).

Organized Committee

As previously reported, the BCCI has organized a committee to investigate the company’s business roots, which appear to include investments in a betting operation in the United Kingdom. The committee’s task is to advise the BCCI on whether the betting company’s ties to the IPL are in violation of the rules.

Things are anticipated to be sorted soon, according to a BCCI official, though no specific date has been set. Given the board’s protracted silence, a few franchise executives have sought clarification on the situation, with IPL management reportedly telling them that matters could be sorted by next week. The two new teams were allowed until December 25 to sign three players from the eight previous teams, a period that will almost certainly be extended today.

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Peter Griffith joins the team

Despite the awaiting clearance, the franchise has made a significant addition to its roster. Although the enlistment has yet to be announced. Peter Griffith, a former director of operations at IMG, has joined the global private equity firm as an advisory/consultant. Griffith has been a part of the IPL since it began in 2008. IMG was in charge of the IPL from the start till the BCCI and IMG split ways earlier this year. Griffith worked for the IMG for nearly 25 years before retiring in 2015.

Griffith, who is located in the United Kingdom, is well-known for his expertise in sports business and management, particularly in the IPL, which he knows well. In addition to Griffith, the American investment group has hired Matthew Wheeler, a UK-based sports expert who is thought to be advising the firm on different IPL functions.

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