Citing the reasons for the withdrawal from the IPL, Priyadarshan's assistant told PTI over telephone that the change in rules, at a short notice, which stipulates Rs 5000 crores as bank guarantee for a team has come as a jolt.
Earlier, speaking to a Malayalam television channel, Priyadarshan had said 'the information regarding the change in rules was given at a short notice and it was extremely difficult to source funds for the same'
'Even in a smaller bid, information was passed on to the bidders much earlier', he noted.
"We do not know vested interest was behind it and it was quite unfortunate," he said.
With these developments, it will take some more time for Kerala to fulfil its dream to have its own IPL team.
There were media reports saying that Priyadarshan along with Mohanlal were trying to have a team in the cash-rich twenty20 tournament, since the BCCI was looking to increase number of IPL teams.
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