MUMBAI, Oct 10 (IANS) - The Indian Premier League (IPL) governing council (GC) 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, KPH 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 KPH 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 PR Raman, advocate for BCCI, has been given instructions to issue all the three notices," the statement added.