Kochi Tuskers Kerala (KTK) controversy is back into the news, and this time it is even more shocking. The franchise, which was played only one IPL season in 2011, is now at the center of a huge money controversy that includes legends such as Mahela Jayawardane, VVS Laxman and Ravindra Jadeja.
Kochi Tuskers Kerala was abolished by the BCCI after only 14 matches due to the deadline of a missed bank guarantee. Now, after more than a decade, the case has taken a dramatic turn. Last week, the Bombay High Court ordered the BCCI to pay Rs 538 crore, which was paying Rs 538 crore for the franchise so far.
Kochi Tuskers Kerala Player Payment Scam exposed
Adding to the saga, a new report by Malayalam newspaper Mathrubhumi has revealed something more surprisingly: a hidden truth. The report claimed that many famous cricketers worldwide are still waiting to receive their full payments from the IPL 2011 season.
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The Mathruubumi report suggested that Kochi Tuskers Kerala paid only the first two salary installments to the players. The third installment, which was 35 percent of their total salary, is still pending. Some of the affected people have some biggest names in world cricket.
Sri Lankan legend Mahela Jayawardene allegedly owes more than INR 2 crore. Former New Zealand captain and current England head coach Brendon McCullum has a pending dues of 75 lakh rupees. Other players like VVS Laxman, Ravindra Jadeja, Steve Smith, S. Sreesanth and Parthiv Patel are still waiting for their final installment from the franchise now.
Mahela Jayawardane, Brendon McCullum, and Ravindra Jadeja still unpaid after 13 years
Thirteen years have passed, but these players have not yet been fully paid for their time with the franchise. The report wrote, “Mahela Jayawardane, who captained the Kochi franchise, signed the team’s most expensive signature for Rs 6.80 crore. It is reported that more than Rs 2 crore is still due to him, which has been abandoning the accumulated interest for years.”
It said, “Brendon McCullum, signed for Rs 2.15 crore, still owes about 75 lakh rupees. Other notable names waiting for payment include VVS Laxman, Parthiv Patel, Steve Smith and Ravindra Jadeja. Even S.
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Bombay High Court ordered BCCI to pay Rs 550 crore to Kochi Tusker Kerala
Meanwhile, the Bombay High Court ruled in favor of Kochi Tuskers Kerala and ordered BCCI to pay Rs 550 crore. This includes Rs 384 crore and Rs 153 crore from KCPL.
The now-dift is now struggling with the IPL franchise and BCCI 2011, when the board ended the Kochi Tuskers Kerala contract, when the team failed to pay their annual franchise fee. The franchise, which was bought on a large scale for Rs 1,550 crore, challenged the verdict and won the mediation in 2015.
The BCCI tried to fight the verdict in the court, but the Bombay High Court upheld mediation, saying that the board had misused the team’s bank guarantee, which broke the terms of the contract. With this decision, the legal battle is finally ending, and the BCCI will now have to pay.
The court order stated, “The jurisdiction of this court under Section 34 of the Arbitration Act is very limited. The BCCI’s effort to engage in the properties of the dispute is in the teeth of the scope of the base contained in Section 34 of the Act. The dissatisfaction of the BCCI cannot be provided in relation to this.”
