BCCI hits back, says they cannot be held responsible for arbitration impasse

Sahara had accused that the arbitration process on the issue of reduction of franchisee fee had not seen any progress due to BCCI's inflexible approach but BCCI said it was the business group which was responsible for this.

updated: May 22, 2013 18:35 IST
  • Total Shares

New Delhi: The BCCI on Wednesday rejected Sahara Group's claim that it had failed to expedite the arbitration process to reduce franchisee fee, saying that it has acted as per the rules and was not responsible for the situation.

A day after Sahara Group pulled out of the IPL, citing BCCI's decision to encash its bank guarantee following a prolonged financial dispute, the BCCI came out with its version saying that they have always wanted the impasse to end.

The Board said it has not received any direct communication from the franchisee, Sahara Adventure Sports Limited, on the pull out decision but confirmed that it had encashed a part of due franchisee fee of Rs 120 crore for the year 2013. (Read: BCCI's full statement here)

Show Full Article