×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Rajasthan Royals, Kings XI to participate in IPL player auction

Rajasthan Royals, Kings XI to participate in IPL player auction
Comment E-mail Print Share
First Published: Wed, Jan 05 2011. 11 48 PM IST
Updated: Wed, Jan 05 2011. 11 48 PM IST
Mumbai: The decks have been cleared for Rajasthan Royals and Kings XI Punjab to participate in the Indian Premier League (IPL) player auction to be held in Bengaluru on 8 and 9 January. The matter was discussed at an IPL governing council meeting in Mumbai late on Wednesday evening.
The matter came up for discussion after the two ousted franchises – The Rajasthan Royals and the Kings XI Punjab managed to secure a stay order from the Bombay High Court against the termination by the BCCI.
The franchises were directed by the High Court to submit the bank guarantees - $ 10.63 million for Rajasthan Royals and $21.50 million for Kings XI Punjab, as a condition for keeping the stay against their expulsions in place. Both teams had met the criteria by submitting the bank guarantees to the court before the stipulated deadline.
“They have met the requirement, and the court directive is in their favour. So they will participate in the player auction,” said a senior BCCI official on the condition of anonymity. He went on to say that while there was an issue pertaining to outstanding payments to players, the teams would not be barred from the auction for that reason. The governing council also decided that the fourth season of the popular Twenty20 tourney would feature ten teams and 74 matches.
gouri.s@livemint.com
Comment E-mail Print Share
First Published: Wed, Jan 05 2011. 11 48 PM IST
More Topics: Sports | Cricket | IPL | Rajasthan Royals | Kings XI |