Friday, July 13, 2012

RCB fall behind on payment of IPL players

Some of Royal Challengers Bangalore's leading players contracted to the franchise are yet to get the first instalments of their fees for playing in the last edition of the Indian Premier League.


The list, that includes both Indian and overseas stars, also figures skipper Daniel Vettori's name.

Though it is for the first time that RCB have delayed on payments on this scale, the affected players are concerned by the lack of response from franchise officials.

Royal Challengers Bangalore are owned by businessman Vijay Mallya through UB Sports Pvt Ltd, a group subsidiary.

The players affected include those from India, South Africa, Australia, New Zealand and Sri Lanka.

"Nobody has come back to us, to let us know what is going on. The people, at the moment, are in the dark," a player was quoted as saying.


According to the agreement signed between the player, the franchise and the IPL, the player receives 15% of his fee for the season by April 1 (before the IPL or early into it), 50% by May 1 (during the IPL or towards its end), 20% after the Champions League T20 and the remaining 15% by December 1.

The Royal Challengers so far seem to have failed to meet the schedule

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