Sunday, October 10, 2010

BCCI axes Rajasthan and Punjab for IPL 4

The Board of Control for Cricket in India (BCCI) has terminated the contracts of Rajasthan Royals and King's XI Punjab IPL teams. As a result of this the two teams will be barred from participating in the IPL 4 next year.

The Board has issued a notice to the Kochi franchise and given them more time to get their house in order and incorporate a company.

The decision was taken during the emergency meeting of the IPL Governing Council in Mumbai

Meanwhile, Rajasthan Royals' co-owner Raj Kundra said that it was a sad development and "the termination of the contract by BCCI is shocking."

He further said that there are heavy investments involved in the franchise and they will now fight a legal battle. 

It was unanimously decided that the Franchise agreements with K.P.H. Dream Cricket Pvt. Ltd. (King's XI Punjab) and Jaipur IPL Cricket Pvt. Ltd. (Rajasthan Royals) will be terminated based on the Legal opinions obtained by BCCI in the matters.

"There are several irregularities and breach of terms and conditions of the (IPL) franchise agreement. All the three errant franchises need to get their houses in order before the next player auctions are held in November," BCCI President Shashank Manohar had said on September 29 after the Annual General Body Meeting.

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