Vijay Mallya, the Indian businessman, will lose ownership of Caribbean Premier League side Barbados Tridents ahead of the upcoming 2019 season. Damien O'Donohoe, the league CEO, has confirmed that talks are on with a number of prospective buyers, and new owners would be announced ahead of the player draft on May 22 in London.
Mallya, who earlier owned IPL franchise Royal Challengers Bangalore, is currently fighting to avoid extradition from the United Kingdom to India, where he is alleged to have committed bank fraud, with authorities trying to recover millions in unpaid loans.
His mounting legal and financial troubles have also impacted the Tridents, which he took ownership of in 2016, with players yet to be paid in full for the 2018 season that finished in September.
Mallya, who earlier owned IPL franchise Royal Challengers Bangalore, is currently fighting to avoid extradition from the United Kingdom to India, where he is alleged to have committed bank fraud, with authorities trying to recover millions in unpaid loans.
His mounting legal and financial troubles have also impacted the Tridents, which he took ownership of in 2016, with players yet to be paid in full for the 2018 season that finished in September.