
SL NEWS EXPRESS (The Independent Media)
June 18, 2025 at 05:50 PM
*🔴 SPORTS ALERT* ```(18.06.2025)```
*📌The Bombay High Court has directed the Board of Control for Cricket in India (BCCI) to pay significant compensation to Kochi Cricket Private Limited (KCPL) and Rendezvous Sports World (RSW) following the termination of the Kochi Tuskers Kerala IPL franchise. According to the court’s ruling, BCCI must pay INR 385.50 crore to KCPL and INR 153.34 crore to RSW, as it upheld the arbitral awards that were issued in 2015.*
*The Kochi Tuskers Kerala franchise participated in just one edition of the Indian Premier League (IPL) in 2011. The team, jointly owned by KCPL and RSW, finished eighth in a ten-team tournament. Later that year, in September 2011, the BCCI terminated their agreement, citing a breach of contract. The BCCI claimed the franchise failed to provide a mandatory bank guarantee within the required timeframe. This led to a legal battle that eventually moved into arbitration.*
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