Indian Premier League (IPL) Governing Council has not taken any decision on the fate of Kochi IPL team in its meet on Wednesday, according to a Board official. Amidst indications that the investors group of the Kochi team is not too keen in running the franchisee, the Governing Council was likely to take a call on scrapping the team during its meeting.
The BCCI last month gave a 30-day notice to the Kochi IPL consortium to sort out its internal differences and get its ownership structure in order. However, the investor group of the consortium has reportedly not come to an understanding with the promoters Rendezvous Sports World Private Limited and is likely to request the BCCI to let them withdraw from the franchisee.
This is also likely to pave the way for the Cricket Board to have a discussion on inviting tenders for a new franchisee, which will ensure that at least eight franchisees participate in the next edition of the IPL.
The BCCI last month gave a 30-day notice to the Kochi IPL consortium to sort out its internal differences and get its ownership structure in order. However, the investor group of the consortium has reportedly not come to an understanding with the promoters Rendezvous Sports World Private Limited and is likely to request the BCCI to let them withdraw from the franchisee.
This is also likely to pave the way for the Cricket Board to have a discussion on inviting tenders for a new franchisee, which will ensure that at least eight franchisees participate in the next edition of the IPL.
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