Mumbai: BCCI President Shashank Manohar has called for an emergency Indian Premier League (IPL) Governing Council meeting on Sunday to discuss the fate of three IPL franchises - Kochi, Rajasthan Royals and Kings XI Punjab.
BCCI issued a showcause notice to the newly formed Kochi franchise, Shilpa Shetty co-owned Rajasthan Royals and Preity Zinta’s Kings XI Punjab on September 29 after they failed to comply with the rules governing the franchisers.
As a result, the teams may be barred from competing in the fourth season of the extravagant event. The Governing Council is expected to take a final decision on these three franchisers at the meeting.
The new Kochi franchise had been asked to form a company as soon as possible as the bid had been given to individuals and no legal entity had been incorporated.
Earlier this month, the Kerala Cricket Association (KCA) was expected to initiate talks with the Kochi IPL franchise owners on October 7 to sort out various issues surrounding the team.
A consortium of owners, including Rendezvous Sports World had won the Kochi IPL franchise in March with a bid of Rs 1530 crore.
Controversy had dogged the new team following a spat between former Union minister of state for External affairs Shashi Tharoor and Former IPL Commissioner Lalit Modi over the ownership of Rendezvous Sports world (RSW).
Sunanda Pushkar, now wife of Tharoor, had held 18 per cent free equity in the RSW and had returned it after the controversy broke out and Tharoor resigned.