Kochi Tuskers Kerala
Kochi Tuskers Kerala was a franchise cricket team that played in the Indian Premier League (IPL) representing the city of Kochi, Kerala. The team was one of two new franchises added to the IPL for the 2011 season, alongside Pune Warriors India. The team franchise was owned by Kochi Cricket Pvt Ltd., which was a consortium of multiple companies. The KTK only played for one season, in 2011, and was terminated the following year. Franchise history. The auction for expanding the initial eight franchises for the Indian Premier League was held on 22 March 2010. The cities  involved were Pune, Ahmedabad, Kochi, Nagpur, Kanpur, Dharamsala, Visakhapatnam, Rajkot, Cuttack, Vadodara, Indore and Gwalior. Two new teams were selected out of 12 cities. Sahara Group made the highest bid in the auction and chose to base its team in Pune, at the cost of US$370m (1702 crore). Rendezvous Sports World made the second highest bid of US$333.2m(1533 crores), and elected to base its team in Kochi. The two new franchises were sold for a combined sum greater than the combined purchase price of the original eight franchises. Team name and home ground issues. The franchise initially  announced that the name of the team would be "Indi Commandos". This led to negative responses worldwide. The franchise management suggested that a move to Ahmedabad was possible, moving the team away from Kochi, due in part to a comparatively high entertainment tax in Kerala (36%). This invoked a mass response on social networks, particularly on Facebook, forcing management to change the team name and logo. A poll on the franchise's official website eventually determined the team name. The decision to move the home ground was dropped when the Corporation of Cochin waived 50% of the entertainment tax levee . Termination from the IPL. Due to a dispute amongst the team owners, the franchise failed to pay the 10% bank guarantee element of the franchise fee which was supposed to be paid before the 2011 season began. The BCCI claimed that it had sent several requests for payment to the franchise owners but received no response. On 19 September 2011, then BCCI president N. Srinivasan announced that the franchise was being terminated because it had failed to provide the bank guarantee. On 14 October 2011, the IPL Governing Council announced that there would be only nine teams participating in 2012  after the Kochi franchise was expelled. The players from the side were auctioned to other franchises in the 2012 IPL player auction. Players who attracted no bids had their salaries covered via the team's bank guarantee from the previous season. On 13 January 2012, the BCCI asked overseas players who had signed a contract with the franchise to sue the owners, with the BCCI included as a party to each case. In February 2012, Rendezvous Sports World announced that it would take the BCCI to court over its termination from the IPL. In July 2015, a court-appointed arbitrator  Justice Lahoti ordered the BCCI to pay as compensation for terminating the franchise agreement. "ESPNCricinfo" reported that the franchise owners had requested the BCCI to permit the team to return to the IPL, "in lieu" of the compensation awarded by the arbitrator. Team identity. The team's shirt colours were purple and orange with orange trousers. Home grounds. The two home grounds of the Kochi Tuskers Kerala were the Jawaharlal Nehru Stadium in Kochi and Holkar Cricket Stadium, Indore. Five homes matches were held at Kochi and two at Indore. The Greater Cochin Development Authority completely over-hauled the Jawaharlaal  Nehru Stadium to cater for hosting IPL matches. Kit manufacturers and sponsors. Federal Bank, a major Indian commercial bank in the private sector, with its headquarters in Aluva, Kerala, was the principal sponsor of Kochi Tuskers Kerala. Lotto, an Italian sports goods manufacturer, was the apparel sponsor, V-Guard, an electronics company, and AVT, a tea brand, were the associate sponsors with Elite Foods, Parinee Developers and Anchor Earth are the other main sponsors.