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Monday, September 19, 2011

Kochi Tuskers Kerala suspended from IPL

New Delhi 19 September 2011: BCCI has handed over suspension notice to the one year old IPL franchisee Kochi Tuskers Kerala.

The reason behind the suspension is that the consortium behind the IPL team has failed to pay the annual bank guarantee of Rs. 156 crores due to the BCCI.

Despite several reminders from the BCCI the team was unable to pay the dues.

According to the suspension notice BCCI has asked the Kochi Tuskers Kerala franchisee to pay the amount within  a particular period or else the team will be terminted from the IPL next seasons.

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