May 22, 2013 2:52:20 am
The Indian Premier League on Tuesday suffered another blow as the Sahara Group-owned Pune Warriors India officially withdrew from the event. Excerpts from the statement released by Sahara:
* It is the firm and final decision of Sahara to withdraw from IPL.
* In 2010,Sahara had bid 1700 crore for an IPL franchise on the basis of revenue calculation on 94 matches. But we got 64 matches only.
* We and the Kochi team requested BCCI to reduce the bid price proportionately. Such a sports body (BCCI) should have sportsmanship spirit.
* We requested BCCI for arbitration… but BCCI is concerned about money and not about the genuine interests of the franchisee.
* We share an excellent relationship with the players and we dont want them to get harmed financially due to unsporting attitude of BCCI.
* So we have given time to BCCI to get the new sponsorship in place from January 2014,as we will continue the national teams sponsorship only up to December 2013. Thats the expiry date of the present agreement.
* We requested Honble Shri Rajeev Shukla ji,(IPL Chairman) that if BCCI cannot accept arbitration,we then want to amicably exit IPL. Our Chairman,in clear words,was told again by Honble Shukla ji that bank guarantee will not be touched,not be revoked since the expiry date of bank guarantee was 2nd May 2013.
* Had we followed the legal advice of withdrawing at the start of the IPL season,this would have resulted in tremendous pressure on BCCI.
* We put on record that there is not a single rupee outstanding towards the sponsorship of Indian cricket team and BCCI is even secured by a bank guarantee against the sponsorship.
* Rather during ICC Champions Trophy 2002,Sahara had paid full sponsorship amount even without Sahara branding on the players jersey.
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