"The idea is to carve out a smaller committee out of the present IPL Governing Council and include three or four persons to run the show instead of making it a one-man show like it was till present," the sources said. The names mentioned in the BCCI corridors are those of Arun Jaitley, Niranjan Shah, Ravi Shastri and Mansur Ali Khan Pataudi. All of them are members of IPL Governing Council headed by Modi whose days seem to be numbered.

There are clear indications that Modi may step down after tomorrow's IPL final between Mumbai Indians and Chennai Super Kings. A meeting of the IPL Governing Council has been convened on April 26 and Modi, who has tried unsuccessfully to postpone it by a few days, is expected to put in his papers by then, the sources indicated.

Meanwhile, there is speculation that Shastri could be the head of the new sub committee to run the IPL but for it to happen the former India captain would have to step down from the chairmanship of National Cricket Academy, the sources said.