The Board of Control for Cricket in India (BCCI) has announced that it will decide the fate of IPL's Kochi franchise after Nov 27th which is the deadline the board has set the shareholders to resolve internatl differences and decide on the ownership structure.
If the Kochi investors fail to erase their differences, the franchise contract will be terminated and the BCCI will come out with a new tender.
BCCI VP Rajiv Shukla stated that the fourth edition of the IPL will have a total of eight teams. This indicates that if the Kochi shareholders do not resolve the differences amongst themselves, then the body will start the process of finding a new franchise.
Meanwhile, the BCCI made it clear that the player auction for the forthcoming season of the Indian Premier League (IPL) will take place from 8-9 January. All player contracts had expired after the third season.