Full statement - BCCI terminate Pune Warriors' IPL contract

All the IPL governing council members were invited for Saturday's BCCI working committee meeting where the Board issued a 30-day termination notice to Pune Warriors.

updated: October 26, 2013 15:40 IST
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The BCCI working committee on Saturday terminated its contract with Indian Premier League franchise Pune Warriors for defaulting on its payments to the Board. Below is the full BCCI statement:

The BCCI Working Committee today discussed the situation regarding the default by Sahara Adventure Sports ("Sahara") in not submitting the bank guarantee of the Pune franchise of IPL for the 2014 season.

As per the terms of its franchise agreement, this bank guarantee was due for delivery in March 2013, more than six months ago.

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