Sunil Gavaskar admits helping seal Kochi IPL deal

Former cricketer Sunil Gavaskar has admitted that he helped seal the deal for the Indian Premier League's (IPL) Kochi team. Gavaskar was recently dropped from the IPL's governing council.

Gavaskar has been roped in an advisory capacity by the franchise, which says it did so after he had been ousted from the governing council.

BCCI president Shashank Manohar has convened an emergency meeting of the IPL governing council tomorrow at Nagpur to decide on the Kochi franchise issue.

The crux of the dispute is who will run the affairs of the franchise, bought from the cricket board for $333 million, once the joint venture was formed.

The investors include corporate firms Anchor Earth, Parinee Developers, Rosy Blue and Film Wave - who hold 75% of the equity.

The remaining 25% has been given to the family of Gaekwads - Shailendra, his brother Ravi and their parents plus a few others, all part of the group of promoters - Rendezvous Sports World - as free equity for services rendered in successfully bidding for the franchise.