The decision taken by the board of Control for Cricket in India (BCCI) to give Team Kochi a 30 day breather was not taken very well by everyone. Several members feel that no resolution is available for this situation unless Rendezvous Sports World Pvt Ltd (RSWPL) which is one of the members makes a climb down from the aforesaid position of 25 per cent equity.

Sources have confirmed that there is not going to be a compromise between the partners of the Team Kochi consortium. The partners are also not keen on working with RSWPL after the turn of events.

“They’ve been creating controversy after controversy, the latest one being taking the name of Sunil Gavaskar. It has further strengthened our belief that these people are not capable enough to handle the team. There was no need drag a man of Gavaskar’s stature into this.”

However RSWPL was pleased with the decision and Satyajit Gaekwad said “We wanted 10 days time and the BCCI gave us 30 days. We’re confident of resolving the matter”. However Satyajit Gaekwad has firmly indicated that Rendezvous would not step down from its claim of 25 per cent equity in the team.

Shashank Manohar has received a letter from RSWPL claiming that some of the investors in Team Kochi are willing to comply with their 12.5 per cent equity paid part; however investors have shot down these propositions and the claims made by RSWPL in the letter.

“If it was the case, we would fall in line immediately. If Parinee or Anand Shyam has actually agreed to their proposal, there would not be a dispute,” said the sources.

According to the MoU, Memorandum of Understanding with BCCI, RSWPL has 10 percent state of which 5 per cent is paid. A company called Kochi Cricket Pvt Ltd was formed a few months back in Maharashtra and only Rendezvous has to take the share from the company yet.

The receipt of a letter from RSPWL with the claims has been confirmed by an IPL governing council member but there has been no validation from the investors. However most investors’ have met top board officials and expresses their unwillingness to work with Rendezvous.

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