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S. Sreeshant (Source: X)
In an interview on 'The Ranveer Show' on YouTube, former India cricketer Sreesanth, who played in the Kochi Tuskers Kerala team with Brendon McCullum, skipper Mahela Jayawardene, Ravindra Jadeja, and many other players, spoke about how the team still owes those players money.
The former India World Cup champion then discussed the team, stating that it was originally scheduled to play in the IPL for three seasons but halted following the 2011 season. The player also stated that there has never been any open discussion regarding Kochi's failure to pay its debts.
"Please guys, BCCI has literally paid you, I think. Please pay us...anyway whenever you’re paying, remember the 18% interest every year. I feel by the team my kid gets married, we will definitely receive the money. The team was supposed to be three years, and the team got terminated in the first year. I think no one has spoken about it. Even now when the players meet, they talk about it," said Sreeshant.
According to reports, the BCCI disqualified the Kochi Tuskers from the IPL in 2011 for failing to make an annual payment of INR 155.3 crores. The franchise was purchased for an astounding INR 1550 crore, and it finished ninth in that season. Their failure to pay the bank guarantee that year was the reason for their contract's termination.
'Players are still owed 35% of their money...' - Former Australia cricketer Brad Hodge opened up about this in 2021
Three years before Sreeshant spoke up, former Australia cricketer Brad Hodge, who was also a part of the Kochi Tuskers Kerala team talked about this money scam during an interview. He also urged BCCI to locate the money so that the players would get their share. However, it was of no use as the players still haven't got their share of the money yet.
"Players are still owed 35% of their money earned from ten years ago from the @IPL representing Kochi tuskers. Any chance @BCCI could locate that money?," said Hodge during an interview.