|Yet another crisis at IPL
PUNE: The IPL, already reeling under a crisis because of allegations of spot-fixing, suffered another blow on Tuesday when Sahara India pulled out its team, Pune Warriors India (PWI), from the league. The decision came after the BCCI decided to encash the team’s bank guarantee of Rs170.20 crore following a prolonged financial dispute.
Each franchise has to furnish a bank guarantee at the start of every season which is an amount equivalent to the amount to be paid to the BCCI annually. Since ...