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Delay in IPL team auction

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Published: Wednesday, November 17, 2010, 11:11 [IST]
 
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Delay in IPL team auction

It seems the next IPL auction will only be held in early January. That is two months off from the initially agreed period for the event which was to be conducted in November. The reason for this date displacement is that IPL 4 will in all likelihood, have another new franchise which will most probably be from the north of India.

The IPL governing council formally met today, Nov 17, to discuss marketing contracts and deliberated on the next step to be taken with regards to the Kochi franchise that is yet to register as a team because of the inability of the consortium to resolve the issue of their ownership pattern. It has been determined from the IPL governing council that in the event that any settlement is not reached by the Nov 27 deadline set by the BCCI, that a tender for a new franchise would again be open the next day, Nov 28.

"The moment the new tender is announced, we'll give within ten or fifteen days time for people to make their bids," said the concerned member of the IPL governing council. "The final announcement as to who wins the bid will be made after an open financial bid, so that there are no disputes later."

There are also a couple of cases in the Bombay High Court, filed by the expelled Rajasthan and Punjab franchises, that could disrupt the IPL's schedule. Rajasthan and the BCCI have agreed to an arbitration proceeding to settle their dispute.

Oddly enough, the new IPL Player Regulations list which was sent out to the franchises earlier this week, specified the two new franchises - Team Pune and Team Kochi. It now appears that this list will have to be reworked in December. Considering the air on uncertainty that is plaguing the league at the moment, IPL executives have been doing the rounds to assure franchises that plans are in place for the fourth season.

thatsCricket

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