Mumbai, Nov. 12: Kings XI Punjab, owned by a consortium led by actor Priety Zinta and industrialist Ness Wadia, has filed an arbitration petition in Bombay High Court challenging Cricket Board’s decision to terminate their IPL franchise contract.
The move of Kings XI comes close on the heels of Shilpa Shetty’s Rajasthan Royals challenging a similar decision of the BCCI in the High Court.
BCCI had recently terminated the franchisees of Kings XI Punjab and Rajasthan Royals on the ground that they had changed the shareholding pattern without informing the Board or IPL Governing Council.
Calling the termination of their franchise contract as a “deliberate and calculated” move, Kings XI contended in the petition that BCCI had taken this decision because they wanted to make large profits by seeking new bids as the value of franchisees had gone up considerably.