With the Board of Control for Cricket in India’s deadline to sort out their differences just two days away, the six stakeholders of the Kochi Indian Premier League franchise are still struggling to arrive at any consensus.
The bone of contention between Rendezvous Sports World Pvt Ltd (RSWPL) led consortium is the shareholding pattern which provides sweat equity to RSWPL.
RSWPL on its part has proposed to convert the 25 per cent sweat equity into shares by paying the equivalent amount.
But barring Filmwave Combines, the other investors — Anchor Earth, Parinee Developers, Anand Shyam Estates and Vivek Venugopal — are wary of being associated with RSWPL.
And with RSWPL sticking to its stand of not doing away with their desire to manage the team, if any of the six investors wish to own a team, maybe it’s time to give up the Kochi dream and start preparing for the fresh bidding.