Royals, CSK refunded 30% of franchise fees by BCCI

BCCI has refunded 30 percent of franchise fees paid for IPL 2016 by suspended franchises, Chennai Super Kings and Rajasthan Royals, amounting to Rs 11.4 crore and 8.4 crore respectively.

Chennai Super Kings Cricket Ltd, that owns and operates the southern franchise, was last month refunded the first instalment of Rs 1,141,14,000 - that amounts to 30 percent of the franchise fees paid to BCCI, according to information put up on the BCCI website.

Similarly, Jaipur IPL Cricket Pvt Ltd, that owns and operates Rajasthan Royals, had been paid Rs 8,40,18,000, constituting 30 per cent of the franchise fees paid by it to BCCI.

Both these franchises, which have been suspended for two years from playing in IPL by the Justice Lodha committee as punishment for their owners indulging in betting, had paid the franchise fees under protest.