N Srinivasan, the newly-appointed president of the Board of Control for Cricket in India, brushes aside allegations of conflict of interest of him holding the top BCCI post and owning IPL side Chennai Super Kings. He tells CNN-IBN Editor-in-Chief Rajdeep Sardesai that he doesn't own the franchise; it is India Cements that has the ownership rights.

Srinivisan also insisted that the decision to axe Kochi from the IPL is irreversible, and whether a new team should replace the Kerala franchise is not in his hands.

Excerpts:

On Kochi Tuskers's IPL termination

See, the decision to terminate was taken at the meeting of Annual General Meeting yesterday. This is because as I said yesterday of a breach which is not capable of being remedied. So the BCCI has encashed the bank guarantee and has terminated the franchise.

Whether it will be 9-team affair it's for the IPL governing council to take a call at their next meeting, which I hope, is soon.

On conflict of interest

I don't make up the Governing Council. There are eminent people and I will observe all propriety as far as the IPL franchisee is concerned.

India Cements, the public limited company, owns Chennai Super Kings; I don't own it!

On players affected by Kochi's ouster

What will be the consequences of the termination and the future of the players, as well as whether to play with 9 teams, all these will be decided by the IPL Governing Gouncil.

Players' interest will be safeguarded.

On the England tour

I agree that we lost badly, and who watched the matches are aware about the reasons. We had far more injuries than we had in the past during a single tour. We did not have a full strength team to begin with, and a little bad luck that England played well.

It's too early to write off the team or to criticise the team whom we praised to the sky two months ago.

Our team played little bit more than other teams, but not the all players. Many of them played only 50-60 percent of the total number of days. Senior players are professionals and they know their bodies the best. If they feel to take rest, the board would grant it, and in the past the board has granted them rest.

On DRS during the West Indies tour

In the last ICC meeting, in Hong Kong, India has agreed to use a minimum standard DRS, namely the use of Hot Spot.