Ranchi Rhinos pull out of Hockey India League for financial reasons

first_imgThere seems to be more trouble on the way for the Hockey India League. Just days after the Mumbai Magicians exited from the ambitious franchisebased competition, Ranchi Rhinos could also be on their way out.Winners of the first edition of the league, the Rhinos have cited ‘financial’ reasons for terminating the contract. According to sources, the owners had a tiff with Hockey India over the franchise fee.”The owners of Ranchi Rhinos wanted certain reduction in the fee structure. They were not getting the returns they had expected when they bought the franchise. When the discussions with Hockey India didn’t work out, they decided to withdraw from the league,” a source told MAIL TODAY.While there are reports that the federation is still trying to negotiate with the team owners, the players have already received an email from Hockey India stating that the team has ceased to exist. “We were shocked when we received the email. We had no clue that something like this will happen. We have not yet received any mail from the owners and are in the dark about the reasons for the withdrawal,” a Ranchi Rhinos player said.According to sources, the decision to pull the plug on the team was taken only recently. “Ranchi Rhinos did not plan to withdraw to start with. In fact, they were preparing for the next edition and were looking at possible players to purchase in the upcoming auction. But, when things didn’t work out with Hockey India, they decided to quit. Speculation about this was doing the rounds over the last few days,” he said.advertisementHowever, Hockey India secretary general Narinder Batra rubbished the reports and Ranchi Rhinos were still part of the league. “No team has pulled out. The Hockey India League will be held as per schedule next year and Ranchi will be part of it,” he told MAIL TODAY. Meanwhile, there are reports that Hockey India is planning to rope in two more teams into the league.last_img

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