The future of Hockey India League is up for deliberation at Hockey India's Annual General Meeting on July 24 but franchises wanting to pull out will lose their bank guarantees.

As per some media reports, Hockey India has informed the International Hockey Federation (FIH) that there will be no HIL in 2018 because of financial concerns related to some franchises.

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But a top HI official rubbished the speculations and said that no such communication has been passed on to the world body even though they are contemplating a change in the timing of the franchise-based league.

The source said there isn't even one franchise that has said that it will not be taking part in next year's league.