There was ambiguity over player retention: Mallya

Published: Monday, January 10, 2011, 12:33 [IST]
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The major reason behind the retention of the players in the majority of the IPL franchises was the ambiguity involved in the procedure.

"Most of the Franchisees wanted to retain four domestic and four international players but IPL Governing Council (GC) came out with a formula that you can retain a maximum of four overseas players. And in doing so, we (GC) will deduct a specified amount from your auction amout. So, if you retain four players, four-and-a-half million was reduced. But it did not tell, how much we have to pay to the players. Once a player is retained then the contract is between the player and Franchisee," Mallya said after the auction today.

"England is rejoicing with a convincing Ashes win. However, in relation to configuration of an IPL team, we can have a maximum of 10 players and can play a maximum of four players. As a result, you would go for the most attractive proposition," Mallya said.

KIngs XI Punjab co-owner Ness Wadia said,"You need to have clarity in business. It was to benefit all had it done earlier. It would have helped their own cause. And their base prices were also slightly high."

"A cap was essential. Permutations and combinations were discussed and it was thought that nine million would be appropriate. One or two might not be happy but there was near unanimity. I was happy with this," Mallya said.

Questioned about why not buying Rahul Dravid from the auctions, the UB Group supremo said, "I have known Rahul since he was a little boy. His father worked for UB Group. I have the greatest respect for his cricketing achievements but after three IPLs, we consciously decided to have a young team. We have made that decision and are willing to live with the consequence of that decision."

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