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BCCI rejects Kochi, Pune’s demand of franchisee-fee cut

BCCI rejects Kochi, Pune’s demand of franchisee-fee cut
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First Published: Wed, Apr 27 2011. 03 31 PM IST
Updated: Wed, Apr 27 2011. 03 31 PM IST
Mumbai: The Cricket Board’s Working Committee on Wednesday rejected Indian Premier League franchises Kochi Tuskers Kerala and Sahara Pune Warriors demand for a reduction in the franchisee fee.
The two franchises had sought reduction on the ground that the Board of Control for Cricket in India (BCCI) did not fulfill the terms in the Invitation to Tender with regard to the number of matches this season.
They have already paid 75% of the annual installment of total fee amount, and had sought waiver of the balance.
However, the pleas were rejected in the Working Committee’s meeting here on Wedneday.
Kochi and Pune franchises had argued that as per the contract, each team was to play 18 matches on a home and away basis, but the BCCI reduced the number to 14, and brought down the total number of matches from 94 to 74 to avoid a player burnout.
Pune and Kochi franchises were bought with bids of $370 million and $333 million respectively. Franchises have to pay this fee in installments, 10% per year.
Meanwhile, sources said the issue of resting senior cricketers for the West Indies tour after a hectic cricket season did not come up for discussion during the meeting.
India is scheduled to play a Twenty20, five ODIs and three Tests in the Caribbean from 4 June –10 July 2011.
The final of the ongoing IPL which is in its fourth season , which began six days after the conclusion of the six-week long ICC World Cup on 2 April, will be played in Chennai on 28 May.
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First Published: Wed, Apr 27 2011. 03 31 PM IST