India news February 16, 2012

The BCCI and Sahara joint media statement

ESPNcricinfo staff

The full text of the BCCI and Sahara's joint media statement, issued after the two parties had reached a truce.

Date: 16 February 2012

Joint Media Statement

BCCI and Sahara have had extensive discussions over the past few days and are happy to confirm the following:

BCCI took note of the various requests of Sahara and has agreed to the following:

1. To extend the trading window, which was due to close on Friday 17 February, until Wednesday 29 February 2012 to give Pune Warriors India the opportunity to have successful negotiations with other franchises as it looks to strengthen its squad.

2. Re-activation of the Auction Purse of Pune Warriors India so that it can take a number of players, subject to the squad composition regulations.

3. BCCI and Sahara agree to start the arbitration proceedings initiated by Sahara through appointment of an arbitrator to address Sahara's claim for a reduction in franchise fee for 74 matches.

4. BCCI does not have any issues with Sahara seeking a strategic partner in the Pune Warriors India franchise, subject to terms of the Franchise Agreement.

5. In respect of their request to sign overseas players who were not included in the Auction Register, subject to the relevant player regulations, BCCI agrees to the request subject to the views of all other franchise

6. Sahara has requested for one of the play off matches scheduled to be played in Bengaluru to be played in Pune. The right to host the Play Off matches is awarded to the finalists from previous edition, in this case Royal Challengers Bangalore. BCCI is in principle agreeable to host one of the Play Off in the new Pune stadium subject to the consent of RCB.

7. Sahara has requested to furnish the Bank Guarantee against the Franchisee fee in two installments; BCCI will consider it at the next available opportunity.

8. Notwithstanding the recent working committee decision rejecting 5 foreign players in the playing XI, in consideration of the exceptional circumstance and the non-availability of Mr. Yuvraj Singh, Sahara has offered to obtain the consent of all the franchises for the submission to the BCCI.

BCCI, in line with its normal practice, will continue to engage with all franchises to find ways to enhance the competitiveness of the league and improve the fan experience.

Sahara confirms that it will continue sponsorship of the Indian team. Sahara may want to exercise its right to assign the sponsorship as per the agreement.

N. Srinivasan, President, BCCI
Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar

Comments have now been closed for this article

  • Satish on February 17, 2012, 7:03 GMT

    @Nampally : Roy is good for the game but asking one extra foreigner for Yuvraj doesn't look that good.. If it is so, let them name him as a replacement for Yuvraj.. For example, if the player is Smith, let Smith be the replacement for Yuvraj.. And he ll be the 5th foreign player irrespective of his performance in the game.. If u drop him, u need to pick a Indian layer as his replacement.. Pune's whining over Yuvi remains kiddish indeed.. Mumbai played IPL-1 without Sachin man..

  • Satish on February 17, 2012, 6:58 GMT

    @ Posted by on (February 16 2012, 14:12 PM GMT) : Quality of governance of the IPL might be less but quality of cricket provided is as good as(In fact more than) any of the leagues in the cricketing world.. Don't you want to see a Manpreet Gony earn some money? Why should earning stop with international players alone? We were whining when Hockey players went to home in auto.. But still, we have 1000's of cricketers who go in cycle and play games.. Let them too earn.. Don't see IPL as a tournament which provides money to Sachin or Dhoni alone.. It provides life to a Karan Goel, Palani Amarnath, Apanna, Avishkar Salvi too..

  • $$ milind on February 17, 2012, 6:08 GMT

    Thank God BCCI and Sahara r united. Good thing that Sahara took d interest of players first and resolved d matter. Surely SAHARA's exclusion from I P L would really have -ve impact on Ipl's reputation and would have led 2 downfall of d IPL and loss of other Franchises as well.

  • Ashok on February 16, 2012, 18:40 GMT

    It was a lucky escape for BCCI/IPL that Sahara decided to continue sponsorship of the Cricket team despite shoddy attitude of BCCI as regards to keeping up with their commitments. This should also serve as warning to BCCI. Mr. Roy who follows the Lucknow's world reknowned customs & culture also has limited patience. Hopefully BCCI keeps its end of the bargain. As it stands the $ 370 Million entry fee is still a fat issue to be resolved in order to keep Mr. Roy interested in IPL. Mr. Roy has benefitted Indian sports - Cricket, Field Hockey, Track & Field Atheletics, amongst many others - tremendously for the past 12 years. Today Cricket is the most popular game in India because of Sahara sponsorship. BCCI/IPL should stop treading on the toes of this gentleman Billionaire, if only for the sake of sports in India. As one can easily see, Mr. Roy is involved in all types of industries + Hotels, Sports & Film industry. His cricket sponsorship is merely an act of his love for this sport !.

  • Dummy4 on February 16, 2012, 18:11 GMT

    I really, really hope Sahara forces the IPL committee to stop this player retention policy. As a Deccan Chargers fan, it really made me sad. I really hope, by the next Main IPL Auction, the player retention policy is lifted.

  • Dummy4 on February 16, 2012, 17:23 GMT

    noone will pay the amount that sahara paid for pune.its 3 times more then other teams

  • Dummy4 on February 16, 2012, 14:12 GMT

    BCCI, in line with its normal practice, will continue to engage with all franchises to find ways to enhance the competitiveness of the league and improve the fan experience. hahahaha!...the line i copy pasted just makes me laugh on bcci much enhancing fan experience? haha ...70 plus games. quality of cricket is zero.. does bcci even cares for fans? applause for there grip on experience. no enhancing there bank balances it shld have been. INDIAAGAINSTIPL!!!...

  • Rupesh on February 16, 2012, 13:50 GMT

    So now what will happen to those 1000 crores.... which Sahara promised to spend on Grassroot Cricket and for some very needed citizens of our country...! From where 300 ambulances will come....! Big Joke...!

  • Dummy4 on February 16, 2012, 13:45 GMT

    Ha ha....Looks like Sahara finally drove a hard bargain! :)

  • Hitesh on February 16, 2012, 13:36 GMT

    Directly or indirectly,BCCI agreed to almost all demands. Does it shows BCCI's flexibility or they are just not able to find other sponsors?

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