Actress-turned-businesswoman Shilpa Shetty has been left "too shocked to react" to the termination of the Rajasthan Royals, in which she is a stakeholder, from the Indian Premier League (IPL), while team skipper Shane Warne is "shattered".

"This is for all those who want my reaction 'Honestly too shocked to react, just disheartened... cause it's more than just a team for us! Still havn't received the termination, will react after. Need to know the basis of this decision.' In London now (sic), " Shilpa tweeted.

The IPL governing council (GC) Sunday terminated the contracts of Rajasthan Royals and Kings XI Punjab, in which Bollywood actor Preity Zinta has a stake for breaches committed by them.

Shilpa and her London-based husband Raj Kundra own Rajasthan Royals.

Australian spinner Shane Warne was shattered at the development.

"Just woke up to news that Royals and Kings out of IPL 4, don't know anything yet, flying back to Australia... it's a big shock for Royals, will hopefully get to the bottom of it all (sic), " Warne tweeted.

"The Royals gave young unknown Indian players a chance and I as captain backed them and our coaching staff supported them. We were a team... What now for the youngsters? I hope BCCI (Board of Control for Cricked in India) come to their senses, fingers crossed, " he added.

He also pinged his boss on the micro-blogging website.

"Hey Shilpa, please keep me posted if you hear anything, such sad news for us and our loyal fans, shattering to all, " he wrote to Shilpa.

Business tycoon Vijay Mallya, who owns Royal Challengers Bangalore IPL team, also expressed his concern about the developments.

"This is downright ridiculous and raises serious questions on the attitude of the BCCI towards IPL franchisees, " he posted to Shilpa.

"I wonder if IPL franchisees are serious stakeholders whose investments in participation are respected or are they slaves who only come and play" Mallya later posted on his Twitter page.