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Kochi wants more time to resolve problems
The consortium that won the bid
for the Kochi IPL franchise has
asked the BCCI for more time to
sort out their internal disputes.
The Indian board had originally
given the consortium 10 days to
work things out beginning
October 10. At the end of that
period, though, the two factions
in the consortium wrote to the
board asking for an extension.
"We consortium partners are
very close to resolving our
internal differences and would
like the BCCI to give us some
more time and have also sought
this," Satyajitsinh Gaekwad, the
head of Rendezvous Sports, told
PTI. "We have not defaulted on
any payment to the BCCI and
just want some more time."
Meanwhile the IPL governing
council will meet on Wednesday
in Nagpur to decide the fate of
the franchise. "The only point on
the agenda is Kochi," one of the
BCCI officials said on the content
of the short notice sent to the
panel.
Former India captain Sunil
Gavaskar is reportedly assisting
the franchise in an advisory
capacity, something the board
said it was not aware of, but will
consider at the governing council
meeting tomorrow. "We were
never informed because this
issue was never there," BCCI
vice-President Rajiv Shukla said.
"For the first time we are coming
to know about this. We will
discuss the issue in the meeting
tomorrow."
Gavaskar was a member of the
governing council for the IPL's
first three years. He declined to
continue on the committee this
year after the board decided to
stop paying the committee
members.
The Kochi franchise has been
controversial from its very
inception in March. Rendezvous
Sports World, a consortium of
five companies, became the
tenth IPL franchise after a
successful bid of US$333.33m,
but almost immediately ran into
trouble over the composition of
its ownership, after the discovery
of a few "secret partners" in the
consortium. A new agreement
was then signed by both the
parties but fresh controversy
broke when Lalit Modi, the then
IPL chairman, made the
ownership details public on his
Twitter feed.
Six months after the auction
Kochi has still failed to resolve its
various internal disputes, which
revolve around the distribution
of shares in the consortium. The
investors are unhappy with the
promoters, who do not want to
give up the rights to lead the
franchise. Despite several lengthy
meetings over the past few days,
the two factions remain at
loggerheads
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