The BCCI is mulling over running both the teams and appointed them veterans cricketers, who do not have any blot on their career report card.
Sources told Times of India that the matter was discussed during a meeting between BCCI president Jagmohan Dalmiya and board member and IPL commissioner Rajeev Shukla in Kolkata on Wednesday.
Former Indian captains Sourav Ganguly, Sunil Gavaskar and Rahul Dravid are being considered for running the two teams.
The news daily reported that the board members were also considering the option of introducing two new franchisees as there is a legal commitment to the broadcaster to run the tournament with a minimum of eight teams.
TOI reported that the board taking over the two suspended teams as a temporary arrangement also has the merit of not needing any fresh auctions for players of the two franchises and therefore avoiding the uncertainty and disruption that the other options would inevitably entail for the players.
(Amul Twitter page)