With a defiant Sahara group refusing to furnish the requisite bank guarantee, the BCCI today decided to terminate Pune warriors from the IPL after a meeting of its all-powerful working committee here.
When contacted a Pune Warriors India official said they did not appreciate the manner in which their contract was cancelled.
"The relationship has obviously gone sour and certainly we do not appreciate the manner in which the BCCI has decided to terminate the franchise contract," an official said on the condition of anonymity.
Sahara is the principal sponsor of Team India and the current tenure of the Jersey sponsorship ends on Dec 31, 2013.
Although no one wants to come on record but Sahara is expected to honour the current contract. However, the chances of applying for an extension are very dim.
The decision to terminate Pune would leave the IPL an eight-team affair for the time being.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
