No franchise can provide bank guarantee in BPL

Sports Desk

There is no financial strength, so although 8 companies applied, only 5 were selected by the Bangladesh Cricket Board (BCB) for the BPL. It was said that these five had promised to provide a bank guarantee of Tk 10 crore on time. But even after the deadline passed three times, the BCB has not received a bank guarantee from anyone.

BCB wants to take bank guarantees to ensure the remuneration of the players concerned. But none of the participants are able to provide it. Meanwhile, the date of the BPL auction has been postponed once again due to the postponement. Now the new date has been fixed for November 23.

Bashundhara Kings’ Togi Sports, owned by Rangpur Riders, is going to participate in the BPL this time. Two of Bashundhara’s directors are BCB directors. So BCB cannot force them.

Besides, Chittagong Royals is owned by Triangle Services Ltd., Rajshahi Warriors is owned by Nabil Group, Dhaka Capitals is owned by Champion Sports, and Sylhet Tigers is owned by JM Sports.

Iftekhar Rahman Mithu, member secretary of the BPL Governing Council, expressed disappointment that none of them have yet provided bank guarantees.

The participating parties said they are in a state of uncertainty due to the deteriorating political and economic situation in the country. In this situation, they are unable to take any major decisions.

All in all, the stage is set for another amateur BPL. This time, only 5 teams will participate in the BPL, the lowest in history. So there is no sign of competition.