BCCI may scrap Kochi IPL team

Published: Friday, April 9, 2010, 14:06 [IST]
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BCCI may scrap Kochi IPL team

New Delhi: The newly consituted Kochi team is heading towards an emission from the Indian Premier League (IPL) even before a debut game in the wake of recently emerged ownership controversy.

Following reports that the Kochi IPL franchisee Rendezvous Sports has transferred 25 per cent of its stake to an 'unknown party', the Board of Control for Cricket in India (BCCI) is reportedly mulling the possibility of the scrapping the team for violating IPL conditions.

BCCI has asked Rendezvous Sports to reveal the complete identity of all it shareholders after its franchise agreement. On the alleged 25 per cent stake transfer, sources have revealed the unknown parties at the receiving end include a former captain, a current Indian cricketer and a union minister.

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However, the spokesperson and co-owner of Rendezvous Sports World consortium Vivek Venugopal, has denied the allegations.

Speaking to Malayalam news channel Asianet News, Mr Venugopal, said, "No shares of the company has been transferred to any body after the bidding."

He also added that no current Indian Cricketer or Union Minister is having any stake in Rendezvous Sports World consortium.

The spokesperson alleged that some subversive group is behind the controversy as it is either interested in investing in Kerala IPL team or in just disrupting it.

Members of Rendevous are getting threatning calls from Gulf underworld, he also revealed.

Rendezvous big wigs met Central Minister and BCCI President Sarad Pawar on Thursday, Apr 8 to convince him that the company had not indulged in any wrongdoing.

Currently, authorities of Rendevous are in Mumbai and they will be meeting BCCI and IPL officials on Friday, Apr 9.

Rendezvous Sports, which bagged the franchise for a whopping bid of Rs 1,300 crore, is expected to provide details of the alleged stake transfer by Monday, Apr 12 to BCCI or face cancellation of its ownership.

If the Kochi bid is cancelled, Gujarat's Adani Group will secure the franchise.


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