New Delhi/Mumbai: FNN IBN 

In a recent court ruling, Chennai Super Kings and Rajasthan Royals were banned from competing in the IPL for 2 years. While fans, players, and owners initially grieved, good news has struck again.

Both franchises will be renewed by different companies in the same cities,and will retain their identities as Chennai and Rajasthan teams respectively.

A newly formed corporation, Bindia Cements will reform CSK as the "Chennai Supa Kings", and a man called Taj Tundra will reform RR as the "Rajasthan Regals".

A spokesperson for Bindia Cements, Meiyappa Gurunathan, said, "The team will remain as CSK only. After seeing the respectable Deccan Chargers become a team with an awful name like 'SunRisers Hyderabad' we wanted to keep the team as similar as possible. It will stay CSK only, and on all the jerseys we will connect the 'er' in Super to make them look like the 'a' in Supa. This will save us some money so we can buy the exact lineup that Dhoni wants."

In addition, he revealed that he did not understand why the initial plans to name the team after the home state as "Tamil Tigers" were very badly received by (with complaints from Sri Lanka Cricket) and instantly shot down by the BCCI. 

Mr. Gurunathan refused to comment on alleged similarities between Bindia Cements and India Cements, and called claims that he was just Gurunath Meiyappan wearing a fake Rajnikanth moustache "ridiculous and outrageous." 

Mr. Taj Tundra was unavailable for comment, though he was spotted in Bollywood parties, trying to revive the career of his spouse. An inside source tells us that a senior player in the Rajasthan Regals team will be unable to play initially due to hamstring issues and back problems, but also that captain Steve Smith isn't particularly worried about that player, who goes by the nickname "LBW".