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Gavaskar admits to being behind Kochi deal

Published: Tuesday, October 26, 2010, 16:44 [IST]
 
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Gavaskar behind Kochi deal

Former cricketer Sunil Gavaskar has claimed that he had helped seal the deal for the Indian Premier League's Kochi team. Gavaskar was recently removed from the governing council of the IPL.

The Gaekwad family, which owns Rendezvous Sports World Private Limited (RSWPL) and commands an equity stake in the Kochi franchise, said "We have Gavaskar's support and full backing. It was under his guidance that we had decided to get into this.

The BCCI for its part has denied any knowledge of the Kochi consortium's "links" with ex-Indian captain Sunil Gavaskar. "We are not aware of Gavaskar's links with the Kochi IPL, " stated BCCI member Rajiv Shukla. "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."

Further developments concerning the Kochi franchise, which has sought some more time to resolve its differences, will unfold tomorrow following a meeting with the IPL Governing Council in Nagpur. Gavaskar was included as advisory captain by the franchise, which it claims it did so after Gavaskar's ouster from the Governing Council.

Gavaskar was dropped from the IPL Governing Council after a supposed payment dispute.

The franchise bought from the BCCI at a staggering USD million USD was in the middle of much commotion over its ownership and control rights. The vying parties also include Anchor Earth, Parinee Developers, Rosy Blue and Film Wave, who collectively hold 75 per cent equity stake.

The remaining 25 per cent has been given to Rendezvous Sports as a free equity for services rendered in successfully bidding for the franchise.

The Board had given the Kochi franchise ten day's time beginning October 10th to resolve the infighting, but the franchise missed the deadline to register as a company and instead submitted a letter to the Board asking for more time.

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Read more about: sunil gavaskar, kochi franchise, ipl, bcci
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