New Delhi: Continuing their strong stand against the IPL Kochi franchise, the BCCI is likely to scrap the Kerala-based team after its owners failed to resolve their differences.
Sources told CNN-IBN that the new IPL franchise is likely to be scrapped by the BCCI due to an ownership row.
The Spat between franchise owners has reached an 'irreconcilable' position," sources said adding, "The four share-holders don't want Rendezvous to operate with 25 per cent sweat equity."
"Share-holders want Rendezvous to bring investments worth 25 per cent sweat equity."
It is also learnt that former minister of state for External Affairs Shashi Tharoor in an attempt to resolve the crisis has called for a meeting. However, the warring group is unlikely to meet Tharoor to resolve the differences.
"It would be truly tragic if the team were disqualified because you all were unable to follow through on your commitments to each other and to the cricket-loving public. It is not too late to save the day, but it is perilously close to becoming unsalvageable. I urge you to act with wisdom and statesmanship at this time rather than allow all the effort and expense already made to go to waste," said concerned Tharoor.
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