New Delhi: The franchise owners Kochi Tuskers Kerala are planning to take legal action against the BCCI after the cricket board terminated the Indian Premier League side's contract at its Annual General Meeting on Monday.

Uncertainty looms over future of Kochi players

The BCCI's claim that the franchise defaulted on Rs 156 crore annual payment it was to make as bank guarantee, was refuted by Kochi Tuskers chairman Mukesh Patel.

"The BCCI notice was wrong, (it was) prima facie. We will take legal action against them after our legal team reviews the case in a day or two. Maybe we have to move court," Patel said.

"We have never defaulted. The BCCI will be paying us Rs 12-15 crore next month as a part of our central revenue," Patel added.

Patel was miffed that the BCCI did not cut down the franchise fees despite reducing the number of matches in IPL 4 from 94 to 74 due to packed international calendar.

"The number of games in Tender Document was 94, they then reduced it to 74 but did not reduce the franchise fees."

Earlier in the day, newly appointed BCCI president N Srinivasan said, "Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee in their possession and also terminate the franchise."

The franchise, which was bought by a consortium, comprising some Gujarat-based businessmen, last year for Rs 1,550 crore, has been in the news from the start for all the wrong reasons.

Patel also revealed that the franchise had written a letter to the BCCI saying that they wanted to shift to Gujarat due to security issues surrounding the stadium in Kochi.

"We wrote to the BCCI that the venue in Kochi is surrounded by shopping malls, oil depot and welding shops, so players' and fans' safety was being compromise. That's why we wanted to shift to Gujarat, but it's been nine months and there has been no reply from the BCCI.

"It is not a world class stadium, something that was promised in the Tender Document. The stadium in Kerala is originally a football stadium," Patel said.

Meanwhile former union minister, Shashi Tharoor blamed the management for the termination.

"Running the team was the job of the management. But it is clear that they have messed it up. They don't seem to have fulfilled the responsibility properly if this is the result," he said.

Tharoor, it must be mentioned, had played his part in bringing the team to Kerala but lost his job after allegations surfaced that Sunanda Pushkar, his then girlfriend and present wife, was given sweat equity.

"I am obviously very disappointed. I wanted a team to come to Kerala; very proud of the role I played in bringing the team to Kerala but thereafter, running it is not my responsibility, not my job," Tharoor said.

BCCI terminates Kochi for breach of terms

Cracking the whip, the BCCI on Monday terminated the contract of IPL franchise Kochi Tuskers Kerala for non-payment of bank guarantee, thus abruptly ending the controversial Kerala team's association with the cash-rich league after just one year.

The decision to terminate Kochi franchise was taken at the BCCI's Annual General Meeting here today, in which the new office bearers of the Board were also elected.

"Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee in their possession and also terminate the franchise," new BCCI President N Srinivasan told reporters after the AGM.

Asked if the BCCI would reconsider its decision and give the franchise a chance to return, Srinivasan bluntly rejected such a suggestion.

"No, we have terminated the franchise because the breach is not capable of being remedied," he clarified.

Srinivasan said any decision to conduct fresh auction for a new franchise would be taken by the Rajiv Shukla-led IPL Governing Council. Shukla was named as the new IPL chairman on Monday, succeeding Chirayu Amin.

Incidentally, the BCCI's working committee had last year rejected demands from Kochi and the Pune Warriors for a reduction in their franchisee fees.

The two new franchises, which made their debut this year, had sought a 25 per cent waiver on the grounds that the BCCI had stated in the bidding document that each team would play 18 league matches in a season but the schedule was later reduced to 14 matches per team.