Rajasthan royals may get IPL 4 Ticket, HC put stay for 6 weeks

In a major relief to the owners of the Rajasthan Royals, the contract termination of the former franchise from the IPL has been stayed for six weeks on Tuesday by the sole arbitrator Justice B N Srikrishna. BCCI on October 20 terminated the contracts of the two IPL franchisees, Rajasthan Royals and Kings XI Punjab, from the IPL over the issue of ownership patterns. Unhappy with the decision, the owner of the Royals decided to move the Bombay High Court where the former IPL franchise and the BCCI had agreed to resolve their dispute over the former IPL franchisee`s contract termination through an arbitrator.
"As I always said, right from day 1, with regard to Rajasthan team, the bid was given by a different bidder, agreement was entered into a different company. The share holding patterns were different. The shares were transferred thereafter to different people without the permission of the Governing Council," Manohar added. However reports suggested that Modi's alleged proxy stakes in the two teams were amongst the reasons. Here's how the dots connect up in the Rajasthan team - Lalit Modi's sister-in law is married to Suresh Chellaram, the majority stake holder of the team. While with Kings XI, Modi was said to have favoured his step-son-in-law Gaurav Burman's company to get the mobile and internet rights of IPL. Gaurav's brother Mohit is a part owner of Kings XI Punjab.