IPL 2011
Two new teams were introduced in the fourth edition of the tournament. Kochi Tuskers Kerala and Pune Warriors India made their debut finishing eighth and ninth respectively.
However, by September, the BCCI decided to terminate Kochi Tuskers due to the failure of the team owners to furnish a new bank guarantee for 2011. The board claimed that it had decided to encash the bank guarantee due to “irremediable breach committed” by the Kochi franchise.
The team, however, cried foul over the decision saying it will take the board to court. The franchise was bought by a consortium, Rendezvous Sports World, for around Rs 1,500 crore in 2010.