New Delhi: Sahara India, the owner of Pune Warriors India, has pulled out of the Indian Premier League, having failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee on Tuesday.
Sahara bought Pune franchise for a record Rs 1702 crore for 10 years. But they had a dispute regarding the reduction of the franchise fee as initially there were 94 matches which was later reduced to 74 matches.
Coming down heavily on the BCCI, Sahara said it was "disgusted" by the board's attitude towards it and would not rejoin the league even if the entire franchise fee was waved off. "...we would not keep the IPL franchisee even if the entire franchisee fee is waved off. It is firm and final decision of Sahara to withdraw from IPL," the Sahara Group said in a detailed statement.
"In 2010, Sahara had bid 1700 crore for IPL franchise on the basis of revenue calculation on 94 matches. It was tricky on part of BCCI to put the number in media as 94 matches for getting bigger amount. But we got 64 matches only," it added. ...
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05:47 PM, May 21, 2013
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05:41 PM, May 21, 2013
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09:36 AM, May 21, 2013
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09:38 PM, May 20, 2013
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07:55 PM, May 20, 2013
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06:33 PM, May 20, 2013
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05:23 PM, May 20, 2013
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04:57 PM, May 20, 2013
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02:50 PM, May 20, 2013
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11:25 AM, May 20, 2013
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11:07 AM, May 20, 2013
New Delhi: In a move that clearly depicts the BCCI's urgent need to clean up the mess in the aftermath of the spot-fixing scandal in the IPL, a number of important decisions were taken at the board's emergency Working Committee meeting in Chennai on Saturday. Two days after CNN-IBN had broken the story of the ICC having warned the Indian cricket board of the possible dangers of fixing in the ...
09:31 AM, May 20, 2013
New Delhi: Even as Law Minister Kapil Sibal proposed a new law to fight fixing in sports, his Cabinet colleagues Rajiv Shukla and Ajay Maken spoke in two different voices over the exemption of BCCI from the Right to Information Act. Union Minister Ajay Maken, who earlier held the sports portfolio, wants the BCCI brought under the Right to Information Act. He tweeted, "BCCI should agree to come under RTI....
07:56 AM, May 20, 2013
New Delhi: The net in the Indian Premier League spot-fixing scandal is widening each day. Police sources say the third day interrogation of the three cricketers accused of spot-fixing have revealed clear patterns of the murky deals that shamed Indian cricket. It now emerges that domestic and first class cricketers were allegedly acting as conduits for the top bookies and the players. After Jiju and Amit Singh, the Delhi Police...
07:35 AM, May 20, 2013
As the Indian cricket board comes under intense pressure after the IPL spot fixing scandal broke out, CNN-IBN has learnt that its top bosses disagree on the best way forward. ...
10:12 PM, May 19, 2013
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05:17 PM, May 19, 2013
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04:50 PM, May 19, 2013
