user tracker image

Kochi Tuskers franchise win lawsuit against BCCI

no photo
camera iconcamera icon|

Kochi Tuskers franchise win lawsuit against BCCI

no photo

SportsCafe Desk

05/08/2017

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.

Follow us on Facebook here

Stay connected with us on Twitter here

Like and share our Instagram page here

SHOW COMMENTS drop down