valuations

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IPL: Kochi franchisee in ICU , issued a thirty day termination notice


2008 Indian Premier League

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If the BCCI bigwigs were in a tearing, unholy hurry to terminate the Lalit Modi-associated franchisees — Rajasthan Royals and Kings XI Punjab — they are now dragging their feet and going by the book in their dealings with the Kochi consortium.

The IPL governing council met this morning , October 27, 2010 . After due deliberations they issued a thirty day termination notice to the alliance partners.

Shashank Manohar  — a lawyer by profession —  pronounced that the Kochi franchise’s case is quite different from the other two expelled franchisees. Since there were no new partners added to the shareholding structure , it is considered a ‘remedial breach’ of the agreement. The Kochi franchisee lives on for another thirty days.

"The Governing Council has invoked clause 12 (1) and given them a 30 days notice that in case they don’t remedy these disputes in the 30 days, the franchise would stand cancelled on the 31st day," he said.

The infractions by the other two franchisees have been termed ‘intermediary breaches’.

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IPL: Kochi still up in the air, Shilpa Shetty lets fly at the BCCI


Shilpa Shetty(Tulu: ಶಿಲ್ಪ ಶೆಟ್ಟಿ) (born 8 June...

Image via Wikipedia

I must admit that the IPL going-ons have all the makings of a soap opera.

It has all the ingredients – money, glamour and sex appeal (courtesy the Bollywood biggies), a decamping honcho, exotic locations, politics and more twists and turns than a pot-boiler.

Add much needed melodrama and you have a hit formula.

A few bytes on the continuing saga:

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