Kochi to get green signal for the IPL season 4

The Kochi IPL Franchise may get new life on 5th December. The consortium Members reached an agreement in the last moment on their share holding pattern and sent a fresh proposal to BCCI On Saturday. BCCI decided to fix the fate of the franchise on 5th December in Mumbai.  BCCI will get the proposal examined by legal experts before taking any decision.

 Kochi IPL was formed seven months ago and became the second most costly team. The franchise was bought for a fibulas sum of Rs 1533.33 crore.  But the team was on the verge of being thrown out of the game as a result of difference among the shareholders of the franchise over ownership pattern. In the new pattern Rendezvous Sports will have 10 percent stakes of the team coming down from 26% as in the past ownership pattern. The other investors, Anchor Earth, Parinee Developers, Rosy Blue and Film Wave, will have a larger share in running the company, which will now be called Kochi IPL Cricket.

Source: Bharat Chronicle

Kochi and Pune the new teams form IPL 2010

It has been confirmed that which two teams are going add with popular Indian premier league 2011. Although it is oldest news that two more clubs will participate in the next season, at this moment the name has been confirmed and the owner has become the franchise. The new two clubs are western city of Pune and city of Kochi. For $333 million City of Kochi’s franchise won by the Rendezvous Sports World and for $370 million Pune’s franchise bought by  become the Sahara Adventure Sports that the part of the Sahara Group.

At this moment Lalit Modi is called as money bag Modi who has declared that his Indian Premier League will be the richest Sports League of the world. Comparing with the National Basketball Association (NBA) in the United States he explains the IPL is recession proof sports.

So, matches will be increased from the next year from 60 to 90 when ten teams will participate beside the others teams.