The BCCI has asked the Kochi Tuskers Kerala to sue their owners in order to get their contractual fees from their former owners. This is to allow the BCCI to be able to send across the player fees legally because otherwise, they will not be able to remit money abroad without the contravention of the FEMA – a foreign exchange related law in India.
Kochi Players May Need To Sue Owners To Get Payment
The BCCI has asked the players for the erstwhile Kochi side to sue the owners in order to receive their payment for the previous contract.
The Kochi Tuskers were disbanded by the Indian cricket board and the IPL governing council assured the players of getting them their dues. The BCCI has already encashed the bank guarantee as well but to use it to pay the foreign players, they will need the players to sue the franchise with the BCCI named as a party.
The IPL Governing Council chairman, Rajiv Shukla said, “Our prime concern will be the players' interest, their interest is not hampered in terms of financial losses and also in terms of their participation in the tournament. Suppose these players are re-auctioned for some other franchise and if there is any difference in what they are supposed to get, it will be compensated by us.”
The Tuskers were expelled from the IPL at the end of the fourth edition of the tournament after they refused to pay the annual instalment for being the franchise owners.
The fifth edition of the IPL will have only nine teams, instead of the 10 teams that played in 2011.
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