27.10.13

Warriors terminated

The BCCI terminated Pune Warriors from the IPL after the Sahara-owned franchise defaulted on its payments and refused to furnish the bank guarantee for the next season.
The decision was taken at the cricket board’s working committee meeting.
The Pune Warriors India has been on collision course with the BCCI after the board encashed its bank guarantee due to nonpayment of franchise fee.
The BCCI wanted the team to furnish a bank guarantee of Rs 170.2 crore to remain a part of the league next year. After reportedly reminding Sahara about the payment several times, the cricket board decided to terminate it from the IPL.
Disappointed at being axed, the Sahara group expressed hope that it would not be the end of the road as far as its relationship with the BCCI was concerned. 

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