The Board had given the committee six weeks' time to draw up a roadmap for the IPL after the Justice Lodha committee suspended the owners of the Chennai Super Kings and Rajasthan Royals Gurunath Maiyappan and Raj Kundra while banning the franchises for two years last month.
"We have started meeting all the stakeholders from today. Today the representatives of Yes Bank came and met the members of the working group. Yes Bank is one of our sponsors. Similarly we will meet other sponsors and also speak to them about how to make IPL 9 a success," IPL Governing Council Chairman Rajeev Shukla, who is also heading the working group, said.
"In Mumbai we plan to meet at least four franchise owners. We have set the ball rolling. We have to discuss all the possibilities about new teams and future of players," he added.
Asked if the sponsors are wary because of the controversies surrounding the T20 tournament, he said "Absolutely not. Sponsors are fully behind us. They are bullish."
On the contentious issue of conflict of interest, Shukla said, "Our president has also issued a statement. All required steps will be taken.
Asked if the Chennai Super Kings and Rajasthan Royals will need to pay franchise fee during the two years that they are suspended, he said, "No, they don't need to pay anything. Neither do they pay anything to us nor do we have to pay anything to them.
Asked about the working group's views on having two new teams for IPL, Shukla said, "We don't have any views right now. Once we talk to all stakeholders we would then put forward our viewpoint.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
