IPL news

Kochi franchise co-owner denies team sale rumours

ESPNcricinfo staff

July 6, 2011

Comments: 9 | Text size: A | A

Brad Hodge celebrates dismissing Pinal Shah, Kochi Tuskers Kerala v Rajasthan Royals, IPL 2011, Indore, May 15, 2011
Kochi finished third from the bottom in IPL 2011 © AFP
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Mehul Shah, one of the co-owners of Kochi Tuskers Kerala, has denied reports that the IPL franchise is up for sale after a disappointing first season in which they finished eighth in the ten-team league. Shah, a director of the Anchor group, the largest shareholder in the consortium, told ESPNcricinfo that "we are not selling the team."

However, Daily News and Analysis reported another owner claiming the team is up for sale, potentially signalling a split in team ownership, something that has dogged the franchise since its inception.

The consortium bought the Kochi franchise last year for US$ 333.33 million, three times the highest price paid for any of the first eight franchises, and was always going to struggle to make money, given the size of the franchise fee. The group's problems were then compounded by off-the-field issues that affected their revenues. Ticket sales at the Jawaharlal Nehru Stadium in Kochi suffered because of a dispute between the owners and the local municipal authorities over taxes. The Kerala Cricket Association's proposed international stadium, which would have been the franchise's new home, was denied building permission by the central government on environment grounds.

The team's performances in the IPL were lacklustre as well, further affecting attendance. They won just six of their 14 games, and finished ahead of only two teams - fellow newcomers Pune Warriors and Delhi Daredevils. They also struggled to attract major sponsors, in contrast to some of the other teams in the league.

Shah told Gulf News the team is exploring the possibility of playing a few exhibition games in the Gulf region as a way of tapping into the large number of expats there, from Kerala.

© ESPN Sports Media Ltd.

Posted by cricket2011 on (July 7, 2011, 8:43 GMT)

Each Team should need freedom to play atleast 20 other games out from IPL against other clubs and countries. This will help growth of cricket.

Posted by   on (July 7, 2011, 5:21 GMT)

my opinion or question why is ipl teams play only 20 overs match ? and my words is they start play 50 over match and test match . in international lever ie. , play with srilanka, england, south africa, newzealand, type countries,

Posted by cricket2011 on (July 7, 2011, 4:15 GMT)

This is game not life, there is no need to upset especially in T20. We can't predict who will win or lose ? in the First session Rajastan Royals won as well as what was Decan Chargesr's Position ? And what was second IPL, Decan Won the trophy!. Teams victory is depend on players commitment in each game. Just think, Delhi was good team when they play last 3 IPL and what was their effort in this IPL session ?. It is not a matter whether they play in Kochi or Ahamedabad. Victory depends on the Total commitment of Players and Coachs.

Posted by   on (July 7, 2011, 3:44 GMT)

Just like every new team, there can be no expectations of getting anywhere in one outing. With the right combination CTK can give any of the others in the league a run for their money and they proved it on a couple of occasions. Hope they come back stronger in the next IPL...good luck lads!

Posted by MeowCat on (July 6, 2011, 22:28 GMT)

all the 2 new teams are failures and further weakened the teams,made ipl boring.

Posted by   on (July 6, 2011, 17:51 GMT)

Ahamedabad and not Kochi should have been allotted the franchisee ...Also in place of Pune...Lucknow should have been the Ideal center because There are lot of UP Players like RP,Raina,Kaif,Chawla...etc

Posted by Jim1207 on (July 6, 2011, 16:51 GMT)

An IPL team in kerala is first of all a stupid idea. The state or that town does not have much cricketing fan base like many other cities in India and having a team set up there is not going to give profits or long term money. A not-so-wise consortium wasting all their money in wrong places is always going to suffer. Who knows how long this is going to last even if it is truly not for sale right now.

Posted by   on (July 6, 2011, 16:07 GMT)

They should play in UAE with Rawalpindi RAMS who just won the T20 cup in Pakistan. This wiil attract huge crowd and will revive their team.

Posted by Secunderabadi on (July 6, 2011, 13:04 GMT)

It is a good idea for the Tuskers to play in the Gulf. Can they play against the UAE team. Will ICC allow that? Will IPL allow that? Will they be able to get the players together?

They may have to play local clubs or split the team and add a few locals in the teams.

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