The working committee of the Board of Cricket Control of India has terminated the contract of the Indian PremierLeague team Pune Warriors for non-payment of franchise fee.The team did not pay a bank guarantee of 174 crore rupees. The owner of the Pune Warriors – The Sahara Group – have been on collision course with the BCCI after the board encashed its bank guarantee due to non-payment of franchise fee. Pune Warriors was bought by Sahara for 1702 crore rupees in 2010 and is the most expensive franchise on the IPL roster.
News On AIR | October 26, 2013 4:54 PM
BCCI terminates contract of IPL team Pune Warriors for non-payment of franchise fee