Mumbai, Nov 28: The owners of the beleaguered Kochi Indian Premier League (IPL) franchise have survived the axe momentarily with the Board of Control for Cricket in India (BCCI) deferring its decision to December 5. On Saturday, the franchise, which was purchased for a staggering amount of over Rs 1533 crore, had written to the BCCI informing them that they have resolved their differences.
The BCCI, which had, on October 10, expelled Kings XI Punjab and Rajasthan Royals from the IPL for allegedly violating contractual agreements, had given the Kochi Kochi IPL team 30 days to sort out its problems. The BCCI made it clear that eight teams will take part in the fourth edition of the league scheduled from April 8, just six days after the World Cup.
BCCI Vice-President Rajiv Shukla had earlier said that the Board has received "certain letters" from the consortium''s stakeholders and a final decision on the troubled team would be taken on November 28.
"I can only say that BCCI President Shashank Manohar has received certain letters from the Kochi stakeholders. Keeping that in mind a meeting of the IPL Governing Council has been convened on November 28 in Nagpur where a final decision will be taken on Kochi," Shukla had said.