The Indian Premier League (IPL) governing council terminated the contract of two teams - Kings XI Punjab and Rajasthan Royals on Sunday.
"The Governing Council of the IPL met today to discuss and decide on the breaches committed by three of the franchisees, K.P.H. Dream Cricket Pvt. Ltd., the owners and promoter of the Kings XI Punjab cricket team, Jaipur IPL Cricket Pvt. Ltd and the unincorporated joint venture holding the Kochi franchise," the IPL Governing Council said in a statement.
Further added in the statement, "It was also decided decided that the franchise agreement with K.P.H. Dream Cricket Pvt. Ltd. and Jaipur IPL Cricket Pvt. Ltd. be terminated forthwith based on the legal opinions obtained by BCCI in the matter. It was also 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 joint venture company which will hold the IPL franchise rights. Mr. P.R. Raman, advocate for BCCI, has been given instructions to issue all the three notices."
Lalit Modi, former commissioner of IPL said the termination was 'illegal' as the Board had chosen a path of vengeance. "The status of all teams is the same. They were all approved. There is no ambiguity as far as that is concerned. The action it totally illegal." Modi wrote on Twitter. "Instead of concentrating on building IPL and BCCI, they have chosen a path of vengeance and in that they will only hurt the game," he wrote in the micro-blogging website. He added.
Modi also said it's time to reveal all facts as to how the BCCI has sheltered the men at the helm of affairs.
It will be interesting to see what happens next in this high profile drama of IPL.
Sunday, October 10, 2010
Rajasthan Royals and Kings XI Punjab Kicked Out : IPL Terminates Contracts
