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Kings XI and Rajasthan Royals agreements are terminated

In a radical step, the Indian Cricket Board unanimously decided to terminate the franchise agreements of Rajasthan Royals and Kings XI Punjab, while thrifty the newly-inducted Kochi team.

The Kochi franchisee has been issued a notice and has been given 10 days time by the BCCI, asking them to decide all their disputes.

The decision means that the 4th edition of the Indian Premier League (IPL) will feature eight teams for the time being despite the addition of two new teams in Kochi and Pune. If Kochi is also scrapped, then of course there will be only 7 teams.

The decision was taken at disaster meeting of the IPL Governing council at MCA Recreation Centre here.

"It was unanimously decided that the franchise agreements with Kings XI and Rajasthan Royals be terminated forthwith based on the Legal opinions obtained by BCCI in the matters," the BCCI said in a release.

"It was further unanimously decided to issue a notice to the unincorporated joint venture holding the Kochi franchise calling upon them to resolve all their disputes and form a company which will hold the IPL franchise rights."

"Accordingly, P R Raman, advocate for BCCI has been given instructions to issue all the three notices," BCCI said.

1 comment:

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