The Governing Council of the IPL met today at MCA Recreation Centre, BKC, Mumbai to discuss and decide on the breaches committed by three of the Franchisees viz., K.P.H. Dream Cricket Pvt. Ltd., Jaipur IPL Cricket Pvt. Ltd. and the Unincorporated Joint Venture holding the Kochi Franchise.
It was unanimously decided that the Franchise agreements with K.P.H. Dream Cricket Pvt. Ltd. and Jaipur IPL Cricket Pvt. Ltd. be terminated forthwith based on the Legal opinions obtained by BCCI in the matters.
It was further unanimously decided to issue a Notice to the Unincorporated Joint Venture holding the Kochi Franchise calling upon them to resolve all their disputes and form a Joint Venture Company which will hold the IPL Franchise rights.
Accordingly, Mr. P R Raman, Advocate for BCCI has been given instructions to issue all the three Notices.
N Srinivasan
Hon. Secretary
