New Delhi: The IPL Governing Council meeting on Wednesday ended without any decision on the scrapping of the Kochi IPL franchisee. Earlier reports said that the fate of the controversial franchise would be decided in this meet.
The BCCI last month gave a 30-day notice to the Kochi IPL consortium to sort out its internal differences and get its ownership structure in order. However, the team’s investors have reportedly not come to an understanding with the promoters Rendezvous Sports World Private Limited.
However, one positive that came out of the meeting was the discussion of the players contract regarding their retention for IPL season 4.
The seven-team theory has also been discarded due to huge revenue loss projection. Therefore, IPL – 4 will have eight teams.
The BCCI had last month has already terminated its contract with the Kings XI Punjab and Rajasthan Royals alleging that they have violated the contractual agreement.