Kochi Tuskers franchise win lawsuit against BCCI

no image

05/08/2017

no image

Kochi Tuskers featured in just one IPL season, in 2011, and exited the multi-million dollar league owing to financial issues. In a recent development, however, the franchise owners have won a lawsuit against BCCI for alleged contract breach and may receive up to Rs 1,080 crores as compensation.

Tuskers lost 8 of their 14 games in their only season and were terminated after failing to pay a bank guarantee worth 10% of the total franchise fee to BCCI. The Kochi owners, however, accused BCCI of a contract breach and took the matter to court seeking damages due to the termination.

The BCCI discussed filing an appeal or seeking an out-of-court settlement with owners of Kochi Tuskers during their special general meeting on Sunday. The BCCI is in the news for monetary disputes with the ICC and a financial dispute with a former franchise could impact its image further.

Comments

0 Comments

read previousLucknow Super Giants Head to Ayodhya Before IPL 2026 Kickoff

Lucknow Super Giants have made a different and spiritual decision before IPL 2026. Ahead of the tournament, team owner Sanjiv Goenka and captain Rishabh Pant paid a visit to the sacred Ram Janmabhoomi in Ayodhya, where they went in search of blessings, prior to the commencement of the big season.

IPL 2017 | Match 48 Preview: Sunrisers Hyderabad vs Mumbai Indiansread next

Defending champions Sunrisers Hyderabad will look to sign off their last home game with a win when they take on table-toppers Mumbai Indians at Uppal tonight. Sunrisers are currently fourth on the table and a win would see them strengthen their position to secure a playoff spot.

View non-AMP page

Kochi Tuskers franchise win lawsuit against BCCI

Comments

0 Comments

You may also like