KCA to initiate talks with Kochi IPL team owners on Oct 7

BCCI has issued a show cause notice to Kochi franchisee to incorporate their joint venture in 10 days.

The Kerala Cricket Association (KCA) has decided to initiate talks with owners of the Kochi IPL franchise on October 7 here to sort out various issues plaguing the controversy marred team.

This initiative is in the light of the Board of Control for Cricket in India (BCCI) issuing a show cause notice to the Kochi franchisee to incorporate their joint venture in 10 days or face action from the board.

“All the team owners have been invited for the talks and they have promised to come,” KCA President T R Balakrishnan said.

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“The owners have not registered the company under the Companies Act so far and there are certain internal issues between the different owners. So KCA has initiated steps to bring them together for the talks,” he said.

Balakrishnan said he was optimistic that all the issues would be sorted out.

A consortium of owners,including Rendezvous Sports World had won the Kochi IPL franchise in March with a bid of Rs 1530 crore.

Controversy had dogged the new team following a spat between former Union minister of state for External affairs Shashi Tharoor and Former IPL Commissioner Lalit Modi over the ownership of Rendezvous Sports world (RSW).

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Sunanda Pushkar,now wife of Tharoor,had held 18 per cent free equity in the RSW and had returned it after the controversy broke out and Tharoor resigned.