February 16, 2012 8:33 PM

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Sahara BCCI reach compromise, Pune Warriers to play in IPL

The Board of Control for Cricket in India, BCCI and Sahara Group today reached a compromise after a series of hectic negotiations. Sahara will continue sponsorship of the Indian team.In a joint statement issued in New Delhi, the BCCI and Sahara confirmed that the auction purse for Pune Warriors will be reactivated which means the Pune team can take several players subject to the squad composition regulations. The agreement also paved the way for the Pune team's participation in the fifth edition of the IPL.Regarding the contentious issue of replacement for Yuvraj Singh, who is undergoing treatment for cancer in United States, Sahara has offered to obtain the consent of all the franchises for fielding five foreign players for the IPL matches.The BCCI and Sahara also agreed to start the arbitration proceedings initiated by Sahara through appointment of an arbitrator to address the corporate giant's claims for a reduction in franchise fee for 74 matches.

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