![\"The](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/deccanchargers-reddy1774551688.jpeg\")
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The Indian Premier League has turned into a gold mine for franchise owners.<\/p>\n
Rajasthan Royals were recently valued at nearly 15,000 crore rupees, while Royal Challengers Bengaluru fetched an even bigger valuation of about 16,600 crore rupees.<\/p>\n
When Vijay Mallya bought RCB in 2008 for around 450 crore rupees, many mocked the price. Today those numbers reveal the extraordinary return on investment that early IPL owners enjoyed.<\/p>\n
But there is an unlucky Telugu person in this episode.\u00a0<\/p>\n
Tikkavarapu Venkatrami Reddy was once a prominent media baron and chairman of the Deccan Chronicle Group.<\/p>\n
At the height of the newspaper\u2019s popularity in South India, he ventured into the Indian Premier League.<\/p>\n
During the inaugural 2008 auction, he successfully bid for the Hyderabad franchise for more than 400 crore rupees.<\/p>\n
He named the team Deccan Chargers and invested heavily in star players. Cricket icons like Adam Gilchrist, Andrew Symonds, Herschelle Gibbs, and Shahid Afridi were part of the squad.<\/p>\n
After a disappointing first season, the franchise stunned the league by winning the IPL title in 2009 season creating history for Hyderabad.<\/p>\n
The success, however, did not last long. Financial troubles and alleged mismanagement within the Deccan Chronicle Group created serious problems for the franchise.<\/p>\n
The Board of Control for Cricket in India eventually terminated the Deccan Chargers contract, stripping Venkatrami Reddy of ownership despite protests from the management at that time publicly.<\/p>\n
Legal battles followed, with claims that the termination was unfair and influenced by powerful interests within cricket administration.<\/p>\n
A lower court ruling later favored the Deccan Chargers ownership and ordered compensation.<\/p>\n
Yet the franchise never returned, leaving Venkatrami Reddy\u2019s IPL venture as a dramatic story of ambition, triumph, and loss.<\/p>\n","protected":false},"excerpt":{"rendered":"The Indian Premier League has turned into a gold mine for franchise owners. Rajasthan Royals were recently valued…\n","protected":false},"author":2,"featured_media":497154,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1721,175018,17779,101,56,54,55],"class_list":["post-497153","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cricket","tag-cricket","tag-deccan-chargers","tag-ipl","tag-sports","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/497153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=497153"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/497153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/497154"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=497153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=497153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=497153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}