MUMBAI: Everyone associated with Indian Premier League franchises, from cricketers to sponsors to administrators and broadcasters, is waiting for Tuesday's judgment that will decide the fate of Chennai Super Kings (CSK) and Rajasthan Royals (RR).

From a ban or a suspension to levying heavy penalties, the Royals and Super Kings may incur either or both as possible punishments after Royals co-owner Raj Kundra and CSK official Gurunath Meiyappan were found guilty of betting in IPL matches.

A ban or a heavy fine, whichever the case, is likely to have far-reaching implications on all parties involved. A ban will result in a massive shake-up of the existing IPL business model, which is based on an eight-team formula with a roadmap to expand to 10 teams in the future.

With the IPL media rights coming up for renewal in the next two seasons, a ban on the teams will be hugely detrimental to those who have heavy financial stakes in the tournament. The CSK franchise was bought in 2008 by India Cements for $91m while the Rajasthan Royals were the cheapest back then at $67m. CSK have been the most successful team in the IPL so far while Royals have been one of the most impressive in their efforts to promote young talent.

CSK have MS Dhoni as captain of the team with boasts of several leading national cricketers while the Royals are coached by former India captain Rahul Dravid ­ both individuals who've achieved legendary status in the game.

If the franchises are fined heavily, Rajasthan Royals ­ whose owners are a sports management company ­ will find it tough to make the necessary payments.

Franchise officials are keeping their fingers crossed.

WHAT ABOUT THE PLAYERS?

The report submitted by former Haryana and Punjab chief justice Mukul Mudgal to the Supreme Court last year mentioned a list of six 'capped Indian cricketers' whose names had cropped up during investigations. The apex court did not make the list public and appointed a three-member committee led by former chief justice RM Lodha to investigate the IPL betting controversies further.

It is to be seen if the committee will make its findings on the cricketers public on Tuesday along with the report it is expected to submit on Royals and CSK. Last year, the BCCI had pleaded with the SC not to make the names of cricketers public until detailed investigations were over, fearing sentimental backlash among scores of cricket fans across the country and overseas.

Interestingly, on the eve of the Lodha committee report, the BCCI named a Mumbai player Hiken Shah as the one who had made an inappropriate approach to a senior teammate in the Rajasthan Royals franchise. Tuesday will tell if any other name will be made public.