All’s well as BCCI gets back its Sahara

17 Feb,2012

By A Correspondent

 

Happy days are here again for the Indian cricket board. The Board of Control for Cricket in Indian and Sahara India Pariwar have concluded their discussions and, as they say, kissed and made up. Here are the terms of endearment… specifically, the BCCI “took note” of the various requests put up by Sahara and has agreed to the following:

 

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

 

2. Reactivation 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 have agreed 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 franchises.

 

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, in principle, is agreeable to hold one of the Play Offs 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 instalments; BCCI will consider it at the next available opportunity.

 

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

 

The joint statement signed by Messrs N Srinivasan, BCCI President and Subrata Roy Sahara, Managing Worker and Chairman of the Sahara India Pariwar adds that Sahara confirms that it will continue sponsorship of the Indian team adding Sahara may want to exercise its right to assign the sponsorship as per the agreement.

 

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