In a move that will shake the roots of promising Hockey India League (HIL), it's franchise Ranchi Rhinos has decided to quit and will no longer be functional.
Rhinos, who had a fabulous track record in two seasons of HIL, haven't yet made reasons of their decision official but a team source confirmed the move to IBNLive.
"Yes, it's true the franchise will not be continuing anymore," the source said. "Players received an email and will be put [up] for auction next month."
The source said no reasons have been given for this decision by the franchise, while saying that two new franchises may be unveiled next month. "Hard for players...we have no idea [why the franchise quit]. All we know [is] they won't be continuing anymore."
The decision becomes all the more surprising since Rhinos were performing appreciably, having won the inaugural season and finishing third in the second. Also, as a venue Ranchi had the most promising crowd attendance with packed galleries every time the home team was in action.
In that light, failure to become financially viable seems to be the most likely reason for the franchise's decision to call it quits.
"Really feel sorry for the whole group of players and management, of course. Not cool," said Dave Staniforth, the Rhinos' goalkeeping coach who was released from his contract a few months ago.
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