****Kochi franchise terminated by BCCI****

[bhrami]

The Kochi Tuskers Kerala IPL franchise has been terminated by the BCCI for breaching its terms of agreement, the new board president N Srinivasan has said after the annual general meeting in Mumbai.

"Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee [for 2010] in its possession and also terminate the franchise," Srinivasan said. When asked if Kochi had any chance of returning, Srinivasan responded: "No, we have terminated the franchise because the breach is not capable of being remedied."

The trigger for the decision was the franchise's inability to furnish a new bank guarantee for 2011. Under the terms of the franchise agreement, each franchise has to submit a bank guarantee every year that covers the fee payable to the BCCI. "We waited for six months for the fresh bank guarantee to come," a top BCCI official told ESPNcricinfo. "They kept saying they will, they will, they will. That had no meaning."


@3$% @3$% @3$% @3$% @3$% @3$%

[pirra_gichhutha]

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[Gachibowli_Diwakar]

IPL kuda ilaane sanka naaki pothe bagundu  &D_@@

[gerrard]

[quote author=Silence..Please link=topic=239301.msg2989869#msg2989869 date=1316464165]
IPL kuda ilaane sanka naaki pothe bagundu  &D_@@
[/quote] @gr33d @gr33d

[spalisetty]

kochi termination lo conspracy undi  H&*()

[vikuba]

kaani bank guaranteee ippisthey they will be back..

[Anta Assamey]

[quote author=Silence..Please link=topic=239301.msg2989869#msg2989869 date=1316464165]
IPL kuda ilaane sanka naaki pothe bagundu  &D_@@
[/quote][img]http://i47.tinypic.com/4s086h.gif[/img]

[spalisetty]

ippivvaru vikuba chuudu

[katharnak]

%<>(

[pirra_gichhutha]

[quote author=katharnak link=topic=239301.msg2990613#msg2990613 date=1316469940]
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[/quote]  %<>( %<>( %<>( %<>(