Rajasthan Royals and Kings XI Punjab out of IPL4

[Vector and Scalar]

The Indian Premier League (IPL) Governing Council (GC) on Sunday terminated the contract of two teams -- Kings XI Punjab and Rajasthan Royals -- for breaches committed by them. "The GC of the IPL met today (Sunday) to discuss and decide on the breaches committed by three of the franchisees, K P H
related stories

* ED issues notice to detain Lalit Modi
* BCCI unearths new financial scandal in IPL 3

Dream Cricket Pvt Ltd, the owners and promoter of the Kings XI Punjab cricket team, Jaipur IPL Cricket Pvt Ltd and the unincorporated joint venture holding the Kochi franchise," the IPL GC said in a statement.

"It was also decided unanimously decided that the franchise agreement with K P H Dream Cricket Pvt Ltd and Jaipur IPL Cricket Pvt Ltd be terminated forthwith based on the legal opinions obtained by BCCI in the matter."

"It was also decided to issue a notice to the unincorporated joint venture holding the Kochi franchise calling upon them to resolve all their disputes and form a joint venture company which will hold the IPL franchise rights.

"Mr P R Raman, advocate for BCCI, has been given instructions to issue all the three notices," the statement added.

BCCI sacks Raj Royals, Kings XI Punjab from IPL - Hindustan Times

 

[alibaz]

Commercialization of sports is good for players and promoters both but time has come where sport and commercial elements need to be optimized. IPL had gone more commercial than sport, it needs to stop, think for a while and then decide how to proceed further.

 

[Hyde]

IPL terminates Punjab, Rajasthan franchises
IPL Scraps Punjab & Rajasthan
IPL news: IPL terminates Punjab, Rajasthan franchises | Cricket News | Indian Premier League 2011 | Cricinfo.com

 

[BS_Buster]

shilpa and prity to gyaaa..

they have made enough money though.