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Breaking News : Kochi IPL Team expected to submit final documents next week
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#1
Wink 
The owners of Kochi IPL have signed a Memorandum of Understanding ( MoU). The MoU has new terms such as Rendevous sports will hold only 10 percent sweat equity in the Kochi IPL team from now on.The consortium which includes Businessman Vivek Venugopal, Sunanda Pushkar and Shailendra Gaekwad owns the Rendezvous Sports world .
[Image: Kochi-ipl.jpg]
According to the MoU the consortium will have only 10 % sweat equity which is 15 % less than the original terms. Early next week the consortium will submit this final documents befroe BCCI . Rendezvous Consortium won the franchisee rights early this year for 1500 crore. Involvement of ex-MP Sashi tharoor and his wife Sunanda Pushkar and some allegations against Lalit mody was causing some problem in forming the KOchi IPL team. The contracts of Punjab King XI and Rajasthan Royals was terminated as they had breached the rules. Kochi IPL was given 10 days to sort out the problems within the owners and hopefully by next week we will have a clear picture about the future of Kochi IPL.
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