Tamim Rahman, owner of the Lanka Premier League (LPL) franchise Dambulla Thunders, was granted bail today by Colombo Chief Magistrate Thilina Gamage. Rahman, who faces match-fixing allegations, was released on a personal bail of Rs. 500,000 and two sureties of Rs. 10 million each.

A British citizen of Bangladeshi origin, Rahman was arrested on May 22 at Katunayake Airport, a day after the LPL 2024 player auction, by the Special Investigation Unit for the Prevention of Offences Relating to Sports at the Sports Ministry.

Following his arrest, LPL organizers terminated the Dambulla Thunders' ownership. Sequoia Consultants, Inc., a Los Angeles-based civil engineering firm, is set to take over the franchise, which will be rebranded as the "Dambulla Sixers" and operated under DeSilva Holdings.

The LPL 2024 tournament is scheduled from July 1st to 21st, starting in Kandy, moving to Dambulla, and concluding in Colombo.