The scandal-hit Indian Premier League on Tuesday suffered another blow with the Sahara Group-owned Pune Warriors Indians withdrawing from the event due to the BCCI's lackadaisical arbitration proceedings to lower the franchisee fee and its decision to encash the team's bank guarantee.
Sahara, which bought the franchise for Rs 1700 crore in 2010, said it was "disgusted" by the BCCI's attitude towards it and will not rejoin the league even if the entire franchise fee was waved off.
"...we would not keep the IPL franchisee even if the entire franchisee fee is waved off. It is firm and final decision of Sahara to withdraw from IPL," the Sahara Group said in a detailed statement.
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