It’s been shocking news to hear two IPL teams have been ruled out of the world famous IPL Twenty20 tournament for breaching ownership rules. BCCI terminated franchises of Rajasthan Royals and Kings XI Punjab who were active participants in first three editions of the Twenty20 tournament, and of course Rajasthan Royals were the first to hold the IPL title. Also it has warned Kochi franchise to resolve their ownership issues soon to get out of trouble. BCCI gave no specific statements so far regarding the breaches and it is known that former IPL chairman Lalit Modi was earlier accused of having financial connections with these two teams. BCCI honorary secretary N Srinivasan told reporters that the decision to terminate the contract of Punjab and Rajasthan franchises were taken purely based on legal opinion we received and the breaches committed by these franchises. Rajasthan Royals was acquired by Manoj Badale, Lachlan Murdoch and co for $67 million. Bollywood actress Shilpa Shetty and her husband Raj Kundra paid approximately US $15.4 million for an 11.7% stake later. The big faces were Shane Warne, Shane Watson, Graeme Smith, Yusuf Pathan in Royals. Kings XI Punjab was bought by Ness Wadia, Mohit Burman and actor Preity Zinta for $ 76 million. Kumar Sangakkara, Mahela Jayawardene, Brett Lee, Shaun Marsh, Irfan Pathan and Yuvraj Singh were the big faces in it. Let’s wait and watch the future actions and auctions of IPL-4.
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