“We have got arbitrator Lahoti’s report. The majority of the members are of the opinion of appealing against arbitrator’s report. We are seeking legal opinion,” IPL Chairman Rajeev Shukla told PTI after a Governing Council meeting here.

The BCCI has been asked to pay R550 crore to IPL franchise Kochi Tuskers after an arbitration ruled in favour of the team recently. Kochi though, it is learnt, is not interested in the money anymore and want its team fielded in the next IPL season. Back in 2011, the BCCI had decided to encash the bank guarantee given by Kochi Tuskers and terminated the IPL contract of the franchise.

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As far as the controversy over valuation of Chennai Super Kings is concerned, the matter has been referred to the Board’s working committee.

No decision on CLT20
No decision has been taken on the fate of the Champions League T20 league as it can only be taken in presence of CSA and CA.

On Royal Challengers being bought over by JSW Group, Shukla said the matter will have to be placed in front of GC for its approval.