Rajasthan News

Futre of Rajasthan Royals, Chennai Super Kings in the hands of Supreme Court Panel.

by RajasthanDirect
Jan 23, 2015

The future of Rajasthan Royals(RR) owned by (Jaipur IPL Cricket Pvt. Ltd.), Chennai Super Kings(kings) is now in the hand of a Three-member Committe of retired Supreme Court Judges.

The court on Thursday said whether RR co-owner Raj Kundra’s “misconduct” can and should result in loss of franchise granted to the team is a “different matter altogether” and was not for the court’s immediate consideration. It said that once Srinivasan’s son-in-law Gurunath Meiyappan of CSK and Kundra are accepted as team officials, their misconduct for betting on IPL matches can result in action against the franchisees concerned,, including suspension of the franchisees.

To be sure, RR argued in the apex court that even if Kundra were held guilty, the other stakeholders in the franchise need not be punished for the misconduct of one of the promoters holding only 11% equity. It is still not clear whether the two franchises will be cancelled. Asked to comment on the judgement, RR chief executive Raghu Iyer said in a text message: “We are awaiting to read the full order first.”

Src:- http://www.livemint.com

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