BCCI says it won't make 'an exception' for Sahara
 |
The Board of Control for Cricket in India-Sahara standoff continues following the Board's Working Committee's refusal to make "exceptions" for its long-time sponsor.
- We are ready to meet, sort out issues: BCCI to Sahara
The BCCI also made it clear that while it could show some flexibility, it cannot be expected to make exceptions for the corporate giant, which owns the costliest Indian Premier League team (Pune Warriors, bought at Rs 1700 crore).
Sahara will now have to decide on its future in the IPL.
"Issues that had to be decided were placed before the committee and we have conveyed the response from the working committee to Sahara and we hope the response would be favourable," BCCI president N Srinivasan told reporters after the meeting.
'Srinivasan refused to go into the specifics of Sahara's demands'
|
|
|
The BCCI's stand, which is being interpreted as tough, will mean that the week-long stalemate will persist for some more time, till Sahara decides its future course of action.
-Sahara may rejoin IPL, but won't sponsor Team India
Srinivasan refused to go into the specifics of Sahara's demands but made it clear that exceptions won't be made.
"It is a matter which should be discussed between Sahara and BCCI behind closed doors. These are not issues which can be discussed in public," he said.
"One of it was with regards to the number of matches played last year, issues surrounding the quantum of the bank guarantee that Sahara gave and, of course, and what they have mentioned in public about the composition of their team in the context of non-availability of some players," Srinivasan said.
Srinivasan skirted queries on the future of Sahara
|
|
|
"The BCCI has responded positively within the framework of its rules and the BCCI has also said that it is not possible to create an exception because observance of the regulations strictly is important to the integrity of the league," he explained.
It is learnt that the major bone of contention was Sahara's fresh demand that they should be allowed to field six foreign players during the IPL, something that was rejected outright by the BCCI.
Srinivasan skirted queries on the future of Sahara as Team India sponsor.
"The position is what it was. We have responded to what Sahara has raised. We will wait to see what the reaction is," he said.
'Sahara can have replacement for Yuvraj'
|
|
|
On Sahara's marquee player Yuvraj Singh, who will not play this IPL due to his ongoing treatment for malignant lung tumour, Srinivasan said, "I am told that as per the rules Sahara can have replacement for Yuvraj, so that is not an issue."
-Get well soon, Yuvi! Wish the ace player a speedy recovery
"The BCCI will not have objection to Sahara having a strategic partnership," Srinivasan said.
Sahara had signed a renewed sponsorship agreement with the BCCI on July 1, 2010 till December 31, 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.
'We will walk that extra mile to address a sponsor'
|
|
More |
Sahara entered the IPL bandwagon last year by buying Pune Warriors for Rs. 1702 crore, making it the costliest franchise in the Twenty20 event.
The BCCI stands to lose close to Rs 2000 crore if no solution is found. However, the Board can find another sponsor to neutralise the losses.
Srinivasan said finding sponsors is not a problem for the cash-rich Board.
"Sponsors are not going away. In any contractual arrangement you will have to provide the scope for change. BCCI has not lost money. For the properties we have, we have adequate sponsors. We have problems with a sponsor, we have shown we will walk that extra mile to address them," he said.
Sahara's other demand was a reduction in the bank guarantee considering the fact that the number of IPL matches had been reduced from 94 to 74.
READ
RECENT
EMAILED
COMMENTED
India Cricket Score | Indian Cricket News | Indian News | Bollywood Movies | India Business News | India Abroad Person of the Year 2011
© 2012 Rediff.com - Investors - Advertise - Disclaimer - Privacy - Careers - Feedback | India Abroad weekly
this
Users
Comment
article