Dcput on sale

Just a month after Indian Premier League (IPL) champions Rajasthan Royals decided to go public, owners of the struggling Deccan Charges team - Deccan Chronicle Holdings and M Group - have decided to put the franchisee on sale.The DC Holdings board of directors over the past one week has met, deliberated and decided to disinvest either fully or partly the stake in the franchisee. The enterprise value of Deccan Charges is $200m which includes the franchisee fee of $107m to the IPL. The Deccan Chargers have had issues with their team combination and the support staff and had unceremoniously replaced VVS Laxman with Adam Gilchrist as the captain.