With less than 24 hours to go before the 10-day deadline set by the BCCI to the owners of Kochi expires, there is still no confirmation on whether the issue will be resolved in time.
With less than 24 hours to go before the 10-day deadline set by the BCCI to the owners of Kochi expires, there is still no confirmation on whether the issue will be resolved in time.
Here is a chronological list of events that have transpired since October 10.
Oct 10: Kochi given a leeway of ten days by BCCI to form a joint venture.
Oct 12: Congress Minister Shashi Tharoor urges the consortium to sort out its differences.
Oct 13: A newspaper report revealed that a few investors were trying to quit the consortium.
Oct 14: Rendezvous Sports (RS) makes yet another offer to buy the whole 25 per cent of free equity. The investors originally turned down this offer last month.
Oct 15: A source close to Anchor Group reveals that the investors were willing to offer payment (in cash) of 10 per cent of the free equity to the Gaikwads.
Oct 16: Rendezvous Sports spokesperson Satyendra Gaekwad confirms the issue had not been resolved between them and the other stakeholders.
Oct 18: A source reveals RS had agreed to invest rather than keep sweat equity.
Oct 19: With about 24 hours left for the deadline, all the stakeholders of the franchise met for almost five hours and failed to reach a compromise.
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