Chennai: As widely-expected, N Srinivasan has reportedly decided to de-link himself from Chennai Super Kings and is keen to seek another term as BCCI president. In a landmark judgement on thursday, the Supreme Court had struck down a controversial clause in the Board’s constitution that allowed BCCI members to have commercial interests in tournaments like IPL.
For Srinivasan to contest the BCCI polls, which as per the court order must be completed within six weeks, he must first give up his stakes in Chennai Super Kings. Srinivasan’s company India Cements is the owner of CSK.
As per reports, the embattled former BCCI boss has started de-merging CSK from India Cements and made it a separate subsidiary hoping that the court will give him a reprieve. However, a technicality in the Supreme Court order might still stump him.
The Court order stated that a person cannot contest elections, “till such time the person concerned holds such commerical interest (in the board) or till the three member committee (probing charges of betting on IPL matches against IPL teams CSK and RR and their officials/owners Meiyappan and Kundra) considers and awards suitable punishment to those liable for the same, whichever is later.”
The court had formed a high-profile panel of former Chief Justice of India RM Lodha and other former judges of the top court – Ashok Bhan and RV Ravindran to probe and decide on the quantum of punishment on CSK and Rajasthan Royals. The panel would also review BCCI’s constitution with special emphasis on conflict of interest and in the manner president’s were elected. The panel has been given a period of six months to submit their findings.