Vijay Mallya to lose Barbados Tridents’ ownership

Indian business tycoon, Vijay Mallya, will no longer possess the ownership of Barbados Tridents for the upcoming Caribbean Premier League season.

Vijay Mallya to lose Barbados Tridents' ownership

On Tuesday, organizers of CPL had made the announcement.

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

63-year old Mallya is facing charges of alleged bankruptcy and money laundering cases amounting to nearly US$ 1 billion in India and has been extradited to United Kingdom.

“That’s obviously been a big headache for us … [but] that issue in relation to Barbados will be getting resolved in the next two to three weeks,”

O’Donohoe said.

“We will also have a change of ownership which we hope to announce in two weeks’ time and that’s a very experienced owner who is going to come in, and it’s something that we’re obviously excited about and we’re looking forward to a fresh start at the end of this month,” he also said.

In 2017 season, Tridents players suffered non-payment issues.

However, CPL chief operating officer, Pete Russell assured the non-payment of salaries would be resolved shortly.

“We just want to put on record how grateful we are to the patience of the players. They’ve been very understanding,” he said.

“For us it’s just the worst possible scenario where you’ve got to assess circumstances where an owner for whatever reason can’t pay players is just not acceptable really. It’s been a process we’ve had to go through and we’re at the end of the process and its all positive going forward,” he added.

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