18/12/2009

Lalit Modi remains IPL Chairman

Lalit Modi survived the IPL governing council meeting on Thursday, with his hold over IPL intact.

In fact, “BCCI president Shashank Manohar reiterated that Modi would stay as IPL chairman till 2012 and termed reports of a rift between Srinivasan and Modi as false”.

In other developments, the IPL governing council announced that if interested existing franchisees can hold onto their players when the Twenty20 tournament enters its 4th year in 2011.

This clarification came on the heels of media reports that franchisees were disgruntled over IPL’s earlier announcement that 2 more franchisees were being added and consequently all the players will be up for auction.

The other decisions taken by the IPL governing council were:

  • The base bid price for the two new teams would be $225,000.
  • $750,000 has been fixed as cap for franchises when they bid for players for 2010 season during the January 19 auction.

The IPL governing council also announced that the third edition of the Indian Premier League would begin on March 12 in Hyderabad. The semi-finals will be held at Bangalore and the finals at the D Y Patil Stadium in Navi Mumbai on April 25.

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