In a decisive legal blow that resurrects a ghost from its past, the Board of Control for Cricket in India (BCCI) has been directed by the Bombay High Court to pay a massive sum of ₹538 crore (approximately $64.5 million) to the owners of the defunct Indian Premier League (IPL) team, Kochi Tuskers Kerala.
The ruling concludes a bitter, decade-long dispute and upholds a prior arbitration award against the world’s wealthiest cricket body.
What Happened With Kochi Tuskers Kerala?
The conflict dates back to 2011 when the Kochi Tuskers Kerala, after playing just one season in the IPL, were abruptly terminated. The BCCI cited the franchise’s failure to furnish a mandatory bank guarantee or a financial security deposit as a critical breach of their contract. The owners of KTK, a consortium that had invested heavily to join the league, contested the termination as unlawful and disproportionate.
Taking the fight to an arbitrator, the franchise won a landmark decision in 2015. The ruling declared the BCCI‘s action wrongful and awarded substantial compensation to the team’s owners. Unwilling to accept the verdict, the BCCI challenged the award in the Bombay High Court, extending the legal battle for several more years.
Now, the High Court has put the matter to rest, dismissing the BCCI’s appeal. The judgment clarified that the court would not interfere with the arbitrator’s findings, as there was no “patent illegality” in the original decision. This outcome is a significant vindication for the forgotten franchise and a costly lesson for the BCCI in contractual governance.
The verdict not only carries a staggering financial penalty but also serves as a powerful reminder of the administrative controversies that marked the early years of the IPL. For a team that existed for a single season, the Kochi Tuskers Kerala has left a lasting and expensive legacy.
FAQs
Why was Kochi Tuskers Kerala kicked out of the IPL?
The BCCI terminated the team in 2011 because its owners failed to pay a mandatory annual bank guarantee, which was a key part of their franchise agreement.
How much money does the BCCI have to pay?
The court has ordered the BCCI to pay ₹538 crore, which is roughly $64.5 million, to the former owners of the franchise.
Did Kochi Tuskers Kerala win their legal case?
Yes. They first won in 2015 through an arbitration process, and the Bombay High Court has now upheld that decision in their favor.
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