Monday, February 13, 2012

No resolution in Sahara-BCCI stand-off

Chennai: Shortly after the BCCI clarifies that it is not an exception for the Sahara Group to its stand-off ended with the long-time Team India sponsors to make the Subrata Roy-led Sahara hit back at the Indian Cricket Board, accusing them of abuse of trust.

In a statement shortly after the press conference, BCCI, Sahara said the BCCI was an agreement to a joint statement violated, prompting the corporate giants to a press release on the discussion with the BCCI to give .

Top BCCI officials and members of the Sahara Group - which was last Saturday suddenly pulled the plug on his contract as the official sponsor of the Indian cricket team and withdrew from the Indian Premier League - had met in Mumbai on Sunday to discuss controversial issues. But a resolution is not forthcoming and the "outstanding issues" between the two parties were discussed at Working from the board committee meeting in Chennai on Monday.

Sahara has now revealed that they had demanded that Pune Warriors - the IPL team owned by them - one more foreign player in the playing XI for the fifth season be allowed to compensate for the absence of Yuvraj Singh. Yuvraj was the captain of the Pune side last season and is currently under treatment for lung cancer in the United States.

Sahara also asked for a 27% reduction of the franchise fee, taking into account the reduction in the number of events that actually occurred during IPL-4 compared to the previous presentation of the BCCI for procurement of the new franchise.

It was also felt that the BCCI demand a bank guarantee was discriminatory, with Sahara stating that none of the previous IPL eight teams that entered in 2008 deposited a bank guarantee against franchise fee. Sahara claims that the remaining nine teams in the league, but they were only required to deposit the bank guarantee.

Sahara, sponsors of the Indian team for over 11 years, decided to part ways with the BCCI on February 4, complaining that the board does not give enough attention to her real complaints about players and the number of matches in the IPL. The decision to severe all ties with the BCCI was a few hours before the IPL auction was launched in Bangalore.

Sahara had signed a renewed sponsorship deal with the BCCI on 1 July 2010 to 31 december 2013 and was paying Rs 3.34 crore per Test match, one day international and Twenty20 International under the new terms. The deal is said to be worth Rs 532 crore.

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