The Bangladesh Cricket Board is searching for a new owner for the Dhaka franchise for the upcoming edition of Bangladesh Premier League after they terminated the contract with Progoti Green Auto Rice Mills Ltd.
The BPL governing council earlier announced that Progoti will own the Dhaka franchise in the forthcoming tournament, scheduled from January 6, when they declared the seven teams for the next three editions of BPL.
“We have certain compliances that the franchises need to meet certain requirements to be part of BPL but they failed in this regard and as a result, we have terminated the contract with them,” the official said, hinting that board had to take the decision as they (Progoti) failed to make the payments as per agreement.
A BPL franchise will have to spend TK 13 crore in the first year. The BCB wanted three years of participation fees TK 4.5 crore along with one-year payment for players and other expenses, which costs TK 8.5 crore.
“We will be having a new company for Dhaka soon,” said the official, adding that the matter will be sorted out at the quickest point of time as they are well aware that a franchise needs to settle down before the upcoming player’s draft of the competition, expected to be held on November 23.
It was learnt that a company named Rupa Fabrics is the frontrunner to get the Dhaka franchise for the upcoming editions of BPL.