Deccan Chargers told to pay players

The IPL governing council has set August 31 as the deadline for the owners of Deccan Chargers franchise to clear player payments and sort out the financial problems with the banks to avoid any stringent action. In an emergency meeting called on Tuesdayin New Delhi, the governing council confronted the owners of Deccan Chronicle Holdings Limited, who hold the rights for the Hyderabad-based franchise, to explain in detail as to why the company had mortgaged the team ownership rights with two leading Indian banks. According to the BCCI officials, the board owns the ownership rights and that no franchise could mortgage the rights on its own.