Two things emerged from the BCCI's working committee on Tuesday, convened to discuss and sort out the financial mess the Indian Premier League franchisee Deccan Chargers are in.
One, the final call on the franchisee's future will be taken on September 15 in a special General Body meeting in Chennai; secondly, the BCCI president will largely handle the issue.
While the BCCI chief N Srinivasan refused to comment on the matter saying "we need to respect the privacy of the parties involved", sources said the board couldn't reach any decision as the issue was too complicated.
"There are several issues including legal, financial, players' payments, bank guarantees etc. All this will take time," said a BCCI official, who did not wish to be identified.
All options open
Asked if the BCCI was following any particular line to resolve the issue, the official said "there were many options available, including selling off the team, and the board was having a good look at all of them".
Another source present in the meeting said the BCCI president, along with the BCCI legal adviser, will work on the draft that will attempt to resolve the issue to the satisfaction of all parties involved.
The meeting was also attended by the representatives of the banks which have lent money to the Deccan Chargers. Srinivasan, along with the IPL CEO Sundar Raman and the BCCI legal adviser, had a long discussion with the bankers after the meeting was over but to no avail.
"Nothing concrete came out of the meeting. We will again take up the issue in the next meeting on September 15," said a banker.