IPL: Scrapped Franchise Kochi Tuskers Wins Arbitration against BCCI

Oct 24, 2017 at 4:03 PM

facebook iconlinkedin iconmail icontwitter iconWhatsApp iconTelegram icon
IPL: Scrapped Franchise Kochi Tuskers Wins Arbitration against BCCI

Kochi Tuskers Kerala, who was one of the two teams alongside Pune Warriors India to play the 2011 franchise-based tournament Indian Premier League (IPL) has won the arbitration over wrongfully terminating the franchise.

Kochi Cricket Private Limited owned the franchise, a consortium of multiple companies asked a whopping amount of Rs 850 crore from the Board of Cricket Control of India (BCCI) as compensation.

Kochi Tuskers (Photo Source: Emirate 24*7)
Photo Source: Emirate 24*7

The matter was discussed on Monday at the IPL Governing Council meeting before forwarding it to the general body who will take the decision.

IPL chairman Rajiv Shukla while talking to the media after the meeting said,

“Kochi Tuskers has demanded Rs 850 crore as compensation. Today we discussed the matter at IPL GC (Governing Council) meeting, and we will now place the matter before general body. Let them take a call, but obviously, some negotiations are needed.” BCCI’s offer to pay Rs 460 crore was rejected by the franchise owners earlier this year.


The franchise owners won the case of arbitration in 2015 challenging BCCI’s decision to encash bank guarantee mentioning breach of contract. The panel headed by RC Lahoti has directed the apex body to pay the franchise Rs 550 crore as compensation with 18 percent annual penalty for failing to pay.

However, over the past two years, BCCI has taken no steps either to pay them neither to bring them back in the tournament. An IPL Governing Council member was heard saying that no option was left other than paying the compensation, as it will be a stupid decision to move to Supreme Court when an arbitration decision goes against you.

The decision to terminate was taken by Shashank Manohar single-handedly, who was serving as the President of BCCI back then after disagreeing with the other members.

Reportedly, Kochi Tuskers demanded Rs 300 crore before going to the Court, and the BCCI officials denied giving them the money which will cost them more than double now.

Related Article
RCB vs KKR Head to Head Records: All the records, Stats and Results, IPL 2024, Match 10
RCB vs KKR Head to Head Records: All the records, Stats and Results, IPL 2024, Match 10

Mar 28, 2024, 8:09 PM


RCB vs KKR Dream11 Prediction for Match 10 of IPL 2024 : Get Playing XI and Fantasy Cricket Tips
RCB vs KKR Dream11 Prediction for Match 10 of IPL 2024 : Get Playing XI and Fantasy Cricket Tips

Mar 28, 2024, 4:48 PM


Royal Challengers Bengaluru Playing 11 (RCB Playing XI) & Kolkata Knight Riders Playing 11 (KKR Playing XI), IPL 2024, Match 10
Royal Challengers Bengaluru Playing 11 (RCB Playing XI) & Kolkata Knight Riders Playing 11 (KKR Playing XI), IPL 2024, Match 10

Mar 28, 2024, 3:56 PM


SRH vs MI scorecard, IPL 2024, Match 8 highlights: SRH prevail in run-fest
SRH vs MI scorecard, IPL 2024, Match 8 highlights: SRH prevail in run-fest

Mar 27, 2024, 11:30 PM


RR vs DC Head to Head Records: All the records, Stats and Results, IPL 2024, Match 9
RR vs DC Head to Head Records: All the records, Stats and Results, IPL 2024, Match 9

Mar 27, 2024, 8:40 PM


RR vs DC Dream11 Prediction for Match 9 of IPL 2024 : Get Playing XI and Fantasy Cricket Tips
RR vs DC Dream11 Prediction for Match 9 of IPL 2024 : Get Playing XI and Fantasy Cricket Tips

Mar 27, 2024, 8:07 PM


Desktop Banner
Mobile Banner