Kochi IPL’s fate to be decided today
Nagpur: The Governing Council of the Indian Premier League will meet here on Wednesday, to discuss the future of the Kochi franchise.
“The Governing Council will meet on Wednesday,” BCCI president Shashank Manohar who is also the member of the governing council told reporters.
Will a final decision on Kochi be taken? “That we can’t say. We have a meeting that’s it,” Manohar’s reply was precise.
The Governing Council gave Kochi franchise 10 days time to sort out the differences between the members of the Consortium failing which they will face stern action.
It may be recalled that top brass of Kochi franchise had submitted their reply on the last day thereby meeting the deadline.
Gavaskar`s role to be discussed
After media reports emerged of former India skipper Sunil Gavaskar’s involvement in the management of the Kochi IPL franchisee, the BCCI on Tuesday said it was not aware of the Kochi consortium’s “links” with Gavaskar, who was a member of the IPL’s Governing Council before being ousted a few weeks ago.
However, Gavaskar’s alleged involvement in the whole process may just include another item in the agenda of the IPL Governing Council when they meet to decide the fate of the Kochi team.
Gavaskar has been roped in an advisory capacity by the franchise, which says it did so after he had been ousted from the Governing Council. BCCI vice-President Rajiv Shukla said the Board was not aware of the consortium’s move.
“We were not aware of Gavaskar’s links with the Kochi IPL,” Shukla said.
“We were never informed because this issue was never there. This is for the first time we are coming to know about this. We will discuss the issue in the meeting tomorrow,” he added.
However, Shukla clarified that at this point of time, neither the BCCI nor the IPL Governing Council will write to the legendary batsman and seek his clarification on the matter.
Gavaskar was ousted from the IPL Governing Council after a reported payment dispute.
The crux of the dispute in the Kochi franchise is who will run the affairs of the franchise, bought from the Cricket Board for USD 333 million, once the joint venture was formed.
The investors include corporate firms Anchor Earth, Parinee Developers, Rosy Blue and Film Wave - who hold 75 percent of the equity.
The remaining 25 percent has been given to the family of Gaekwads - Shailendra, his brother Ravi and their parents, plus a few others, all part of the group of promoters - Rendezvous Sports World - as free equity for services rendered in successfully bidding for the franchise.
The Board had given the franchise 10 days’ time on October 10 to resolve their internal differences and the franchise responded by submitting a letter to the BCCI on the last day of the deadline - October 20.