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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