The SGM has been convened to figure out a way forward after being told sternly by the country's apex court to 'fall in line' with the far-reaching consequences of the report.
The next edition of the Indian Premier League will be held from April 9 with new franchisees Rajkot and Pune, which replaced Chennai Super Kings and Rajasthan Royals. The tournament will begin five days after conclusion of the ICC World Twenty20, which India will host.
The BCCI followed the reverse bidding process to select the two new team owners. The new teams will replace the suspended teams Chennai Super Kings and Rajasthan Royals, for two years.
Gujarat Lions owner Keshav Bansal expressed happiness that the new franchise managed to get 'experienced and talented' players for the upcoming ninth edition of the Indian Premier League and is confident that captain Suresh Raina can make a strong comeback in the IPL after a dismal showing in the just-concluded World T20.
The far-reaching effect on the implementation of the Justice Lodha Committee's recommendations and the subsequent scathing observation on the matter by the Supreme Court has left the BCCI members thoroughly shaken.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!