Pune Warriors India withdraw from Indian Premier League

After Spot fixing Scandal IPL(Indian Premier League) is now facing another trouble. Pune Warriors franchise withdrew from the Indian Premier League on Tuesday. This after it failed to pay the full franchise fees for the current year.

Finishing 8th in the ongoing IPL 6, Sahara Pune Warriors failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee. Sahara though said in a press release that BCCI as a sports body should have sportsman spirit. "We now request BCCI to not to approach us this time for any discussion as they have done in February 2012," read the release.This is the second time Sahara have pulled out of the IPL; they quit on the day of the 2012 auction and withdrew from sponsorship of the Indian team.

This time, though, Sahara will continue its sponsorship of the Indian team until the end of December 2013, when their present contract expires. "We share an excellent relationship with the players and will not want such dedicated and good human beings who serve the country so committed 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." (Read full statement here)
BCCI had earlier confirmed that the Board had begun encashing the bank guarantees. "Yes, the BCCI has initiated procedure to encash the bank guarantee that has been deposited in order to procure Pune Warriors' franchise fee for the current year," a senior official was quoted as saying by PTI.Sahara bought Pune franchise for a record Rs 1702 crore for 10 years

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