http://www.senore.com/Cricket/Rajasthan-c837 Royals files appeal against termination of IPL contract
The Rajasthan Royals has lodged a petition with the Bombay High Court against its termination from the IPL status. On 10th of this month, the Board of Control of Cricket in India had terminated franchise's IPL affiliation
on the basis of certain anomalies in the ownership structure.
The Board of Control of Cricket in http://www.senore.com/Cricket/India-c750 had terminated Rajasthan Royals’ IPL contract, with seven out of 10 years still left, questioning its shares distribution pattern amongst the franchise owners.
The controversy was sparked as the shares issued to each owner revealed in the agreement were contradictory from the shares that were actually held by the owners at some later stage for which a prior approval from the board was not
taken. The original bid document was signed by http://www.senore.com/Cricket/Manoj-c1888 Badale and the shares of the franchise were held by two individuals, Fraser Castellino and Ranjit Barthakur. Castellino and Barthakur are the only shareholders mentioned by Jaipur IPL Cricket Private Limited
in the final franchise agreement signed on http://www.senore.com/Cricket/March-c74391 31, 2008.
As per franchise agreement, no change of control can occur in the initial three years of the 10-year contract but BCCI claimed that the Rajasthan Royals revised its ownership pattern twice in the last three years - in March 2008 and
January 2009.
But the franchise today filed an appeal against BCCI’s decision in the Bombay High Court challenging its termination. It seems that the franchise is quite serious against this decision of the board. The supporters of Rajasthan Royals have now hired a Supreme
Court lawyer, Mr. Harish Salve, to follow their case in the Bombay High Court.
A legal battle between Rajasthan Royals and BCCI could affect the fourth edition of IPL slated for next year. A decision in favour of Rajasthan Royals would certainly get them back in the next year’s edition of IPL. The third edition of the IPL had eight
teams featuring the tournament earlier this year. Two new teams - from Pune and Kochi - were included in Indian Premier League for next season making the total number 10. However, the termination of contracts of Rajasthan Royals and Kings XI http://www.senore.com/Cricket/Punjab-c833 reduced
it back to eight.
The Royals have taken legal route after the BCCI President had turned down franchisee request for a meeting to sort out the ownership misunderstandings.
The hearing would commence from Wednesday, 27th October.
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