Monday, April 22, 2024

New owners for Tridents

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Embattled Indian business tycoon Vijay Mallya will not have ownership of Barbados Tridents for the upcoming Caribbean Premier League (CPL) season, organisers said here on Tuesday.

Speaking at a media conference, CPL chief executive Damien O’Donohoe said the league was in the process of wrapping up discussions with the relevant parties and new owners should be in place before the players draft scheduled for May 22 in London.

Mallya is currently fighting extradition from the United Kingdom to his native India, where he is wanted by authorities to face alleged bank fraud and money laundering charges amounting to nearly US$1 billion.

His mounting legal and financial woes have also impacted the franchise, with players yet to be paid in full for the 2018 season, which wrapped up last September. (CMC)

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