Delhi-born Non-Resident Indian (NRI) businessman Vikas Rambal, who has signed a three-year sponsorship deal with Western Australia Cricket Association(WACA) Twenty20 team Waca Warriors, is now planning to buy out the beleaguered Indian Premier League (IPL) team Deccan Chargers.

Waca Warriors, who will be playing in the Twenty20 Champions League in December, will now be known as the Rambal Warriors.

The Perth-based Rambal, chairman of the North West Chemicals and Fertilizers, got into cri