The BCCI's action today was being interpreted as a reprieve for Kochi, which has been courting controversies ever since it won the bid. There was speculation ahead of the meeting that the team could be scrapped.
Gaekwad said, "BCCI has given us enough time. I think, our investment partners also appreciate this. I hope the issue would be sorted out in the shortest possible time."
"We are very sure that we will definitely come up with a rapprochement. Either way I am thankful to Shashank Manohar and the Governing Council and BCCI in general for giving us an opportunity to sort out the differences or come out with a solution which would be conducive to the IPL Kochi team to conduct its business in a structure laid out by the IPL," he added.
"We are not counting 30 days, but we are going to count hours from now onwards. Once we sort out the differences, we will address it to the BCCI first and then the media. We will make out best efforts to the whole issue," added Gaekwad.
Earlier today, BCCI President Shashank Manohar said, "The Governing Council received replies from two parties, the Rendezvous group and the other co-owners, and they both felt that the dispute still exists. The Governing Council has invoked clause 12 (1) and given them a 30 days notice that in case they don't remedy these disputes in the 30 days, the franchise would stand cancelled on the 31st day."
A couple of weeks ago, the glamour-laden Rajasthan Royals and Kings XI Punjab were terminated without any notice by the BCCI, setting off a storm of protests by owners who have taken legal recourse.
Charging the two teams with breach of franchise agreement, the Governing Council took the decision to de-franchise the two teams and served the first notice to the Kochi team to resolve all their disputes within 10 days.
While Rajasthan, led by Shane Warne, had star players like Greame Smith and Shane Watson, Punjab had players like Yuvraj Singh, Brett Lee, Kumar Sangakkara and Mahela Jayawardene among others. The two scrapped franchisees had been at the center of corruption allegations involving former IPL chairman Lalit Modi who was already been suspended by BCCI in July and a committee was set up to investigate bribery allegations in the 2008 awarding of the bids.
Modi, who has family links with Rajasthan Royals, though has denied any wrongdoing in the bidding.
Kochi, after being served the first notice, claimed that it had roped in Sunil Gavaskar in an advisory capacity but the former Indian skipper denied accepting the offer and said he would take decision only after the franchise had resolved its disputes. Gavaskar was ousted from the IPL Governing Council due to a payment dispute some weeks ago.
"We are very sure that we will definitely come up with a rapprochement. Either way I am thankful to Shashank Manohar and the Governing Council and BCCI in general for giving us an opportunity to sort out the differences or come out with a solution which would be conducive to the IPL Kochi team to conduct its business in a structure laid out by the IPL," he added.
"We are not counting 30 days, but we are going to count hours from now onwards. Once we sort out the differences, we will address it to the BCCI first and then the media. We will make out best efforts to the whole issue," added Gaekwad.
Earlier today, BCCI President Shashank Manohar said, "The Governing Council received replies from two parties, the Rendezvous group and the other co-owners, and they both felt that the dispute still exists. The Governing Council has invoked clause 12 (1) and given them a 30 days notice that in case they don't remedy these disputes in the 30 days, the franchise would stand cancelled on the 31st day."
A couple of weeks ago, the glamour-laden Rajasthan Royals and Kings XI Punjab were terminated without any notice by the BCCI, setting off a storm of protests by owners who have taken legal recourse.
Charging the two teams with breach of franchise agreement, the Governing Council took the decision to de-franchise the two teams and served the first notice to the Kochi team to resolve all their disputes within 10 days.
While Rajasthan, led by Shane Warne, had star players like Greame Smith and Shane Watson, Punjab had players like Yuvraj Singh, Brett Lee, Kumar Sangakkara and Mahela Jayawardene among others. The two scrapped franchisees had been at the center of corruption allegations involving former IPL chairman Lalit Modi who was already been suspended by BCCI in July and a committee was set up to investigate bribery allegations in the 2008 awarding of the bids.
Modi, who has family links with Rajasthan Royals, though has denied any wrongdoing in the bidding.
Kochi, after being served the first notice, claimed that it had roped in Sunil Gavaskar in an advisory capacity but the former Indian skipper denied accepting the offer and said he would take decision only after the franchise had resolved its disputes. Gavaskar was ousted from the IPL Governing Council due to a payment dispute some weeks ago.
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