Kochi's IPL hopes fade as move for new franchise begins.
Dubai The hopes of Kochi to field a team for the Indian Premier League (IPL) has almost ended with all efforts to solve their internal dispute failing. According to a source close to the IPL governing council, preparations have begun to induct a new team in place of Kochi.
The IPL governing council, which met last week, had asked the Kochi franchise to resolve their differences before November 27, but according to information, some of the shareholders have given up on their effort.
The IPL governing council is understood to have begun preparations to invite tenders for a new franchise and has even scheduled a meeting on November 24 to finalise the details.
Some magnates have got wind of the news and have begun to even garner resources to bid for the eighth team.
Once the IPL governing council takes a decision on Kochi, the franchises will be left with only two weeks to make their bid.
The IPL governing council is likely to ask the franchises to bid at the earliest as players' auction may be held in January.
In fact, the governing council will not want any more delay as the auction was supposed to be held in November.
Many in the BCCI also feel that even if the Kochi franchise resolve their issues, it needs to be seen whether a franchise with so much infighting should be considered and can be considered safe for future dealings.
The BCCI had taken precautionary measures to avoid any legal hassles if Kochi is terminated by already issuing them a 30-day termination notice.
The question now is whether the new team will be from South India or whether another zone will clinch the honour.
The IPL governing council is said to have begun preparations to invite tender for a new franchise and has even scheduled a meeting on November 24.
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