After failing to pay the last instalment of the franchisee fee, Sahara India decided to pull out from the IPL T20 league
Sahara India, the owner of Indian Premier League (IPL) franchisee has withdrawn its team after failing to pay final instalment of franchisee fee. In a release, Sahara also said that it would end its sponsorship to Indian cricket team from December 2013.
Board of Control for Cricket in India (BCCI), the controlling body, said it would encash the bank guarantee given by Sahara for its franchisee Pune Warriors.
Sahara had bought the Pune franchisee for Rs1,700 crore to be paid in 10 years.
Pune Warriors have finished eighth in the nine team IPL this year.
Separately, the Supreme Court today slammed the BCCI saying that spot fixing incidents had taken place due to the cricketing body’s lackadaisical approach in reining in the erring players. The court also directed a one-man commission that is probing spot fixing in the IPL to submit its report within 15 days and asked the BCCI to act upon its findings according to its rules.
Earlier, the apex court agreed to give urgent hearing to a public interest litigation (PIL) seeking stay on all remaining matches in the T20 league.
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BCCI being the richest sports body, can appoint the best sleuths to uncover as they unfold,if only they have the will.
They do not want it, mainly because a Mr Srinivasan is the top man at BCCI and the owner of CSK.
Where will loyalties be but for easy money.
If only our agencies have the guts to raid Srinivasan's offices and home many more skeletons will tumble out.