Governing Concil of the Indian Premier League (IPL) on Sunday axed two franchisees teams- Rajasthan Royals and Kings XI Punjab. A showcase notice was served on IPL Kochi team.
Former IPL chairman Lalit Modi was earlier accused of having financial connections with these two teams.
The Governing Council of the IPL met at MCA Recreation Centre, BKC, Mumbai to discuss and decide on the breaches committed by three of the Franchisees viz., K.P.H. Dream Cricket Pvt. Ltd., Jaipur IPL Cricket Pvt. Ltd. and the Unincorporated Joint Venture holding the Kochi Franchise.
On the other hand Former IPL chairman Lalit Modi lashed out at the Indian Cricket Board's decision to axe Rajasthan Royals and Kings XI Punjab from T20 tournament. He termed the BCCI action "illegal", and said the Board has chosen the path of vengeance.