BCCI IPL franchise TUSKERS Kochi in Kerala has decided to violate the terms of use, the new president N Srinivasan said after a meeting in Mumbai.
"As the irreparable breach of the franchise in Kochi, BCCI has decided to guarantee bank's money in their possession and to terminate the franchise," says Srinivasan. When asked if the franchise had the opportunity to come back, Srinivasan said: "No, we're ready for violation of the franchise can not be repaired."
BCCI Rajiv Shukla was also named the new chairman of IPL, the success of Chirayu Amin, and said that the League Board of Directors makes a decision on whether the auction is still a new franchise.
Stopping Kochi, dozens of teams fell in nine of the competition. The agreement, which is owned by Cochin has reported failure of payment of Rs 156 crores as a bank guarantee.
In April 2010, BCCI Working Committee has rejected requests to Kochi and Pune Warriors fall in the franchise fee. Two new franchises, made its debut in 2011, asked the 25% tax exemption on the ground that the BCCI has held the tender document for each team plays 18 league games of the season. The timetable is then reduced to 14 games per team.
Both teams never paid a deposit of 75% this year and I want to give up the balance. They argued that the reduction is contrary to both the supply and the board was purchased before the two new teams. When they set up their bid amount of games to play that game to be added to reduce the decrease in franchise fees. But the BCCI meeting in Mumbai in April voted to ban the application.
In March 2010, a group of sub-$ 370 million to become franchise owners in Pune after a consortium of five companies named Rendezvous Sports World offering U.S. $ 333,330,000 in Kochi
"As the irreparable breach of the franchise in Kochi, BCCI has decided to guarantee bank's money in their possession and to terminate the franchise," says Srinivasan. When asked if the franchise had the opportunity to come back, Srinivasan said: "No, we're ready for violation of the franchise can not be repaired."
BCCI Rajiv Shukla was also named the new chairman of IPL, the success of Chirayu Amin, and said that the League Board of Directors makes a decision on whether the auction is still a new franchise.
Stopping Kochi, dozens of teams fell in nine of the competition. The agreement, which is owned by Cochin has reported failure of payment of Rs 156 crores as a bank guarantee.
In April 2010, BCCI Working Committee has rejected requests to Kochi and Pune Warriors fall in the franchise fee. Two new franchises, made its debut in 2011, asked the 25% tax exemption on the ground that the BCCI has held the tender document for each team plays 18 league games of the season. The timetable is then reduced to 14 games per team.
Both teams never paid a deposit of 75% this year and I want to give up the balance. They argued that the reduction is contrary to both the supply and the board was purchased before the two new teams. When they set up their bid amount of games to play that game to be added to reduce the decrease in franchise fees. But the BCCI meeting in Mumbai in April voted to ban the application.
In March 2010, a group of sub-$ 370 million to become franchise owners in Pune after a consortium of five companies named Rendezvous Sports World offering U.S. $ 333,330,000 in Kochi
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