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In-form batsman Shreyas Iyer will lead the DareDevils in the rest of the season.

One of the most successful IPL Captains, Gautam Gambhir who led his former franchise Kolkata Knight Riders to twin title victories, seems to have lost his magic touch in the fag end of his career.

In a hurriedly called press conference at the Kotl, Gambhir said he was under no pressure to quit as skipper.

Mumbai batsman Shreyas Iyer has been appointed the new captain of a side that lies bottom of the eight-team table in the cash-rich league.

Gautam Gambhir took to Twitter and wrote, "True, that I've stepped down from DD captaincy". The decision comes in the wake of what has been a disastrous start for the Delhi team in IPL 2018. "That could be one reason (for stepping down)", asserted Gambhir. The Daredevils are now at the very bottom of the IPL table after managing to achieve only a single victory in six games. "It's a decision Gautam took on his own and we salute his contribution and the effort he's taken. It is a great opportunity to prove myself and take the team to the highest level possible", the 23-year-old Iyer said and added that he was informed about the development only Wednesday afternoon. I had to take responsibility being the leader of this ship, and I owe that responsibility.

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Team coach Ricky Ponting went on to suggest that Gambhir's move was unprecedented in Indian and IPL cricket. "I have decided, seeing the performance of the team, to step down and announce Shreyas Iyer as the next captain of the franchise", Gambhir said. The time for the re-start too is just about right.

The Daredevil's only win in their six matches so far came in their third match against fellow basement boys the Mumbai Indians.

We're very much in this competition. "And obviously Gautam's chose to do the right thing", Ponting explained.

"I want to thank the management & my coaches for appointing me as the captain of the team".

For all his famed pugnacity, Gambhir's performance in this edition has been sub-par. "We can still turn it around. Mine, Gautam's job and all the players' job to make Shreyas's job easier", Ponting added.

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