Monday 28 May 2012
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Monday 21 May 2012
Termination from IPL
this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala
On September 19, 2011, the newly elected BCCI president N Srinivasan, after the annual general meeting in Mumbai, announced that the Kochi Tuskers Kerala IPL franchise was terminated by the BCCI for breaching its terms of agreement.[1] "Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee (for 2010) in its possession and also terminate the franchise," Srinivasan said. When asked if Kochi had any chance of returning, Srinivasan responded: "No, we have terminated the franchise because the breach is not capable of being remedied."
Under the terms of the agreement, each franchise has to submit a bank guarantee every year that covers the fee payable to the BCCI. The 2010-founded team was bought for
1,550 crore and the consortium has to pay a bank guarantee of 156 crore every year till 2020.[15] The consortium that owns Kochi is reported to have defaulted on an annual payment of 156 crores as a bank guarantee. In April 2010, the BCCI's working committee had rejected demands from Kochi and Pune Warriors for a reduction in their franchisee fees. The two new franchises, which made their debuts in 2011, had sought a 25% waiver on the grounds that the BCCI had stated in the bidding document that each team would play 18 league matches in a season. The schedule was later reduced to 14 matches per team.
The chairman of Kochi Tuskers Kerala, Mukesh Patel, however, denied that the franchise owed the board any money. The franchise's dispute centres on the BCCI's decision to reduce the number of IPL games from 94 to 74. Soon after the termination of the contract, the owners of KTK threatened legal action against the BCCI. Mukesh Patel claimed that Kochi Tuskers had never defaulted payments and that the BCCI would be paying them12-15 crore in October 2011 as a part of their central revenue.[16]
On 21 September 2011, owners of Kochi Tuskers moved the Bombay High Court to challenge the BCCI's decision to terminate the team's contract. However, the franchise's plea seeking to restrain the BCCI from encashing its bank guarantee of156 crore was rejected by a single bench of Justice SF Vajifdar .[15]
On 14 October 2011, the IPL Governing Council announced that there would be only nine teams participating in 2012 after the Kochi franchise was expelled from the league.[17] The players from the Kochi Tuskers were auctioned to other franchises in 2012 IPL player auction. If any of the Kochi players fail to attract the bid, their salaries will be covered by the IPL through the franchise's bank guarantee worth156 crores that has been encashed by the BCCI.[18]
On 13 January 2012, the BCCI asked the foreign individual players who had signed contract with Kochi Tuskers to sue Kochi Tuskers' owners, with the BCCI included as party to each case.[19]
The owners of the Kochi Tuskers have said that if Kochi is kept out of IPL 5, they would approach the court and seek a stay on the tournament.[20]
On September 19, 2011, the newly elected BCCI president N Srinivasan, after the annual general meeting in Mumbai, announced that the Kochi Tuskers Kerala IPL franchise was terminated by the BCCI for breaching its terms of agreement.[1] "Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee (for 2010) in its possession and also terminate the franchise," Srinivasan said. When asked if Kochi had any chance of returning, Srinivasan responded: "No, we have terminated the franchise because the breach is not capable of being remedied."
Under the terms of the agreement, each franchise has to submit a bank guarantee every year that covers the fee payable to the BCCI. The 2010-founded team was bought for
1,550 crore and the consortium has to pay a bank guarantee of 156 crore every year till 2020.[15] The consortium that owns Kochi is reported to have defaulted on an annual payment of 156 crores as a bank guarantee. In April 2010, the BCCI's working committee had rejected demands from Kochi and Pune Warriors for a reduction in their franchisee fees. The two new franchises, which made their debuts in 2011, had sought a 25% waiver on the grounds that the BCCI had stated in the bidding document that each team would play 18 league matches in a season. The schedule was later reduced to 14 matches per team.The chairman of Kochi Tuskers Kerala, Mukesh Patel, however, denied that the franchise owed the board any money. The franchise's dispute centres on the BCCI's decision to reduce the number of IPL games from 94 to 74. Soon after the termination of the contract, the owners of KTK threatened legal action against the BCCI. Mukesh Patel claimed that Kochi Tuskers had never defaulted payments and that the BCCI would be paying them
12-15 crore in October 2011 as a part of their central revenue.[16]On 21 September 2011, owners of Kochi Tuskers moved the Bombay High Court to challenge the BCCI's decision to terminate the team's contract. However, the franchise's plea seeking to restrain the BCCI from encashing its bank guarantee of
156 crore was rejected by a single bench of Justice SF Vajifdar .[15]On 14 October 2011, the IPL Governing Council announced that there would be only nine teams participating in 2012 after the Kochi franchise was expelled from the league.[17] The players from the Kochi Tuskers were auctioned to other franchises in 2012 IPL player auction. If any of the Kochi players fail to attract the bid, their salaries will be covered by the IPL through the franchise's bank guarantee worth
156 crores that has been encashed by the BCCI.[18]On 13 January 2012, the BCCI asked the foreign individual players who had signed contract with Kochi Tuskers to sue Kochi Tuskers' owners, with the BCCI included as party to each case.[19]
The owners of the Kochi Tuskers have said that if Kochi is kept out of IPL 5, they would approach the court and seek a stay on the tournament.[20]
Team Name and Home Ground Issues
this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala
Kochi team management had announced "Indi Commandos Kerala" as the original team name in February 2011. The name and logo received much negative response from the fans worldwide.[8] Things got worse by team management's further decision to drop "Kerala" from the team name and the reported move to Ahmedabad as the home ground;[9] comparatively high entertainment tax in Kerala (36%) was cited as the reason for the latter.[10] This invoked a mass response in the social networking sites, particularly on Facebook,[11] forcing the management to ultimately change the team name and logo. As a result, a voting poll was set up in the official site and the fans were provided the option the vote between either Kochi or Kerala as the first part of the name and the second part of the name from any of Titans, Tuskers, Tigers, Commandos and United.[12] Tuskers which won this polling was selected as the team name and the full name was released as Kochi Tuskers Kerala.[13] The decision to change the home ground also was dropped by the team management when Corporation of Cochin decided to waive off a 50% in the entertainment tax which now is 18% per game.[14]
Kochi team management had announced "Indi Commandos Kerala" as the original team name in February 2011. The name and logo received much negative response from the fans worldwide.[8] Things got worse by team management's further decision to drop "Kerala" from the team name and the reported move to Ahmedabad as the home ground;[9] comparatively high entertainment tax in Kerala (36%) was cited as the reason for the latter.[10] This invoked a mass response in the social networking sites, particularly on Facebook,[11] forcing the management to ultimately change the team name and logo. As a result, a voting poll was set up in the official site and the fans were provided the option the vote between either Kochi or Kerala as the first part of the name and the second part of the name from any of Titans, Tuskers, Tigers, Commandos and United.[12] Tuskers which won this polling was selected as the team name and the full name was released as Kochi Tuskers Kerala.[13] The decision to change the home ground also was dropped by the team management when Corporation of Cochin decided to waive off a 50% in the entertainment tax which now is 18% per game.[14]
Initial franchise issues
this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala
The franchise had been at the centre of many controversies since its inception. BCCI had given the franchise ultimatum to dissolve factionalism and infighting or face scrapping. After a series of lengthy meetings the company sent a letter to the BCCI requesting more time stating that the negotiations were in an advanced stage and they needed some more time to be sorted.[4]
The BCCI announced that on 27 October it would decide the fate of the Kochi team and the BCCI insisted that the two cases of the Kochi Tuskers Kerala and Kings XI Punjab and Rajasthan Royals which were expelled are different.[5] The IPL Governing council decided to give them a 30-day termination notice which meant that the franchise would have to reply to the notice within 30 days and if the IPL accepted their agreement then the franchise would no longer face the prospect of being terminated[6] The Kochi promoters submitted a letter to the BCCI officials with regard to the revised structure of agreement hammered out between them. The BCCI governing council meeting was held on 28 Nov 2010 at Nagpur to decide the fate of Kochi franchisee. BCCI president Shashank Manohar said the board needed more time to discuss the issue and to take legal opinion and that the final decision on Kochi Tuskers Kerala will be taken on the BCCI governing council meeting at Mumbai on 5 December 2010.[7] After much speculation it was finally announced by the BCCI that it was satisfied with the agreements signed by the franchise owners and the team would participate in the 2011 IPL Season.
The franchise had been at the centre of many controversies since its inception. BCCI had given the franchise ultimatum to dissolve factionalism and infighting or face scrapping. After a series of lengthy meetings the company sent a letter to the BCCI requesting more time stating that the negotiations were in an advanced stage and they needed some more time to be sorted.[4]
The BCCI announced that on 27 October it would decide the fate of the Kochi team and the BCCI insisted that the two cases of the Kochi Tuskers Kerala and Kings XI Punjab and Rajasthan Royals which were expelled are different.[5] The IPL Governing council decided to give them a 30-day termination notice which meant that the franchise would have to reply to the notice within 30 days and if the IPL accepted their agreement then the franchise would no longer face the prospect of being terminated[6] The Kochi promoters submitted a letter to the BCCI officials with regard to the revised structure of agreement hammered out between them. The BCCI governing council meeting was held on 28 Nov 2010 at Nagpur to decide the fate of Kochi franchisee. BCCI president Shashank Manohar said the board needed more time to discuss the issue and to take legal opinion and that the final decision on Kochi Tuskers Kerala will be taken on the BCCI governing council meeting at Mumbai on 5 December 2010.[7] After much speculation it was finally announced by the BCCI that it was satisfied with the agreements signed by the franchise owners and the team would participate in the 2011 IPL Season.
Winning the auction
this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala
The auction for expanding the initial eight franchises for the Indian Premier League was held on March 22, 2010. The cities involved in the auction were Pune, Ahmedabad, Kochi, Nagpur, Kanpur, Dharamsala, Visakhapatnam, Rajkot, Cuttack, Vadodara, Indore and Gwalior. Two new teams were selected out of 12 teams, which bid for 2011 IPL matches. Sahara Group made the highest bid in the auction and chose to base its team in Pune, at the cost of1,702 crore. Rendezvous Sports World made the second highest bid of 1533.32 crores, and elected to base its team in Kochi.[2] The two new franchises were sold for a combined sum of money, which was greater than the combined purchase price of all the original eight IPL franchises.[3]
With the Kochi team and Pune team participating in the 2011 IPL tournament, all four southern states in India had an IPL franchise, while Maharashtra has two IPL franchises.
On the 19th of September 2011, the Kochi Tuskers Kerala was terminated by the BCCI due to a breach in their contract terms.
The auction for expanding the initial eight franchises for the Indian Premier League was held on March 22, 2010. The cities involved in the auction were Pune, Ahmedabad, Kochi, Nagpur, Kanpur, Dharamsala, Visakhapatnam, Rajkot, Cuttack, Vadodara, Indore and Gwalior. Two new teams were selected out of 12 teams, which bid for 2011 IPL matches. Sahara Group made the highest bid in the auction and chose to base its team in Pune, at the cost of
1,702 crore. Rendezvous Sports World made the second highest bid of 1533.32 crores, and elected to base its team in Kochi.[2] The two new franchises were sold for a combined sum of money, which was greater than the combined purchase price of all the original eight IPL franchises.[3]With the Kochi team and Pune team participating in the 2011 IPL tournament, all four southern states in India had an IPL franchise, while Maharashtra has two IPL franchises.
On the 19th of September 2011, the Kochi Tuskers Kerala was terminated by the BCCI due to a breach in their contract terms.
| this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Keralahttp://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala Kochi Tuskers Kerala | |||
 | |||
| Coach: |  Geoff Lawson | ||
|---|---|---|---|
| Captain: |  Mahela Jayawardene | ||
| Colours: |  | ||
| Founded: | 2010 | ||
| Home ground: | Jawaharlal Nehru Stadium, Kochi Holkar Cricket Stadium, Indore | ||
| Owner: | Kochi Cricket Pvt Ltd | ||
| Official website: | Kochi Tuskers Kerala | ||
Kochi Tuskers Kerala
this websites information taken from:http://en.wikipedia.org/wiki/Kochi_Tuskers_Keralahttp://en.wikipedia.org/wiki/Kochi_Tuskers_Kerala
Kochi Tuskers Kerala was a franchise cricket team that played in the Indian Premier League (IPL) representing the city of Kochi, Kerala. The team was one of two new franchisees added to the Indian Premier League (IPL) for the 2011 season, alongside the Pune Warriors India. The team franchise was owned by Kochi Cricket Pvt Ltd., which was a consortium of multiple companies. Their first IPL match was against Bangalore Royal Challengers on 9 April 2011 and their first win was against Mumbai Indians on 15 April 2011. Their last match, before being terminated, was on 18 May 2011 against the Chennai Super Kings.
On September 19, 2011, the BCCI announced that the Kochi Tuskers Kerala IPL franchise was terminated for breaching its terms of agreement.[1] This meant that the 2011 IPL season was the only season in which the Kochi team participated.
Kochi Tuskers Kerala was a franchise cricket team that played in the Indian Premier League (IPL) representing the city of Kochi, Kerala. The team was one of two new franchisees added to the Indian Premier League (IPL) for the 2011 season, alongside the Pune Warriors India. The team franchise was owned by Kochi Cricket Pvt Ltd., which was a consortium of multiple companies. Their first IPL match was against Bangalore Royal Challengers on 9 April 2011 and their first win was against Mumbai Indians on 15 April 2011. Their last match, before being terminated, was on 18 May 2011 against the Chennai Super Kings.
On September 19, 2011, the BCCI announced that the Kochi Tuskers Kerala IPL franchise was terminated for breaching its terms of agreement.[1] This meant that the 2011 IPL season was the only season in which the Kochi team participated.
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