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Little- known consortium RSWL bought the Kochi franchise for Rs.
The BCCI secretary was reacting to reports that the RSWL was trying to -- or already has -- transferred 25 per cent stake of the franchise to a third party, which could lead to cancellation of Kochi as a franchise.
He also denied knowledge of the reports claiming that RSWL, which surprised everyone by buying the Kochi franchise for Rs.
Interestingly, Srinivasan said " whoever" instead of mentioning RSWL or the names of consortium partners.
A lot of names/ companies have circulated in the media since March 21, when RSWL and Sahara India ( Rs.
boxing -- and RSWL will own their franchise teams for the next 10 years.
The diluted rules say Sahara and RSWL are believed to have paid a $ 10 million ( Rs 46 crore) guarantee before the tender documents were opened and will pay 10 per cent of their bid amount within the next 48 hours.
Tharoor supported Shailendra Gaikwad's RSWL bid for Kochi, though his office quelled the speculation that he had a financial stake in it.
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