CHENNAI: With a defiant Sahara group refusing to furnish the requisite bank guarantee, the BCCI on Saturday decided to terminate Pune warriors from the IPL after a meeting of its all-powerful working committee.
The decision to terminate Pune, owned by Sahara, would leave the IPL an eight-team affair for the time being.
“Given Sahara’s continued position that it would not deliver the bank guarantee, the working committee unanimously determined to terminate the Sahara franchise agreement while taking whatever action was necessary to protect the BCCI position,” BCCI secretary Sanjay Patel said in a statement after the meeting.
The Board said Sahara was due to furnish the guarantee of Rs 170.2 crore in March this year but has failed to do so despite five reminders.
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