|Photos||Video & Audio||Blogs||Statistics||Archive||Shop||Mobile|
January 22, 2013
The Indian Premier League's governing council is to meet on Wednesday to discuss a continuing dispute over the annual franchise fee to be paid by Pune Warriors India.
Sahara's actual franchise fee has been a contentious issue ever since they bought the Pune franchise for Rs 1702 crore ($370 million) in March 2010. Sahara had been demanding that the franchise fee from their original agreement should be recalculated since the minimum matches per year have been reduced to 14 from the 18 promised to them.
According to IPL officials, the owners of the Pune franchise, Sahara India Pariwar, in keeping with demand of a reduction of the franchise fee, have submitted a cheque of an amount which is less than mentioned in their original agreement with the BCCI. The deadline for submission of the fees was January 9. "Since the cheque is of lower value, the BCCI hasn't yet deposited it into the bank account," a BCCI insider said.
Sahara officials however deny that there is a shortfall in their franchise fee payment made to the BCCI this year.
The issue was also one of the major points of difference between Sahara and the BCCI that resulted in the team owners boycotting the 2012 IPL auction and threatening to pull out of the tournament. A joint media statement issued by Sahara and BCCI in February last year stated: "The 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."
The arbitration proceedings, however, have still not got underway due to lack of consensus between the parties over the arbitrator.
The governing council is also likely to discuss the venue for Pune Warriors' home games. Sahara are entangled in a legal battle with the Maharashtra Cricket Association, the host association in Pune, over title rights for the Pune stadium that hosted Warriors' home games last year. The Bombay High Court on Tuesday adjourned the hearing of the case till January 30 but it was understood that the franchise has expressed its wish to have its home games moved out of Pune. The governing council has not yet taken a decision given that the IPL Season 6 is more than two months away.
The governing council is also likely to ratify the player transfers ahead of the player auction, to be held in Chennai on February 3.
|Comments have now been closed for this article
The leave outside off stump has been critical to M Vijay's success since his India comeback last year. Contrary to popular opinion, such patience and self-denial comes naturally to him
Ishant Sharma has often been the butt of jokes, and sometimes deservedly so. Today, however, the joke was on England
They have to see a glass that is half-full, and play the game as if it is just that, a game; and an opportunity
Only 15 times in Test history has a player achieved the double of 300 runs and 20 wickets in a Test series. Going on current form, Bhuvneshwar could well be the 16th
In India's win at Lord's, Ishant Sharma took the best bowling figures by an Indian in the fourth innings of a Test outside Asia. Here are five other best bowling efforts by Indians in the fourth innings of Tests outside Asia
India's wretched run away from home began at Lord's in 2011. A young team full of self-belief may have brought it to an end with their victory at the same venue three years later
What's wrong with their cricket? Well, what isn't?
Alastair Cook did not bat like a leading man but the crowd applauded him for simply not failing
If England are going to win nothing, history suggests it might be worth their while to win nothing with kids
Why not you? Read and learn how!