No arbitrator so far to resolve Sahara’s IPL issues

Sahara Group Chairman Subrata Roy More than a year after the Indian cricket Board agreed to resolve Sahara’s IPL issues, including reduction the of Pune franchise fee by up to 25 per cent, through arbitration, no headway has been made.

Both parties have suggested several names, including judges of Supreme Court, but all names have been rejected either by the Board of Control for Cricket in India (BCCI) or Sahara. Despite being disadvantaged, Sahara has continued to pay the franchise fee on time, according to top sources.

In May 2010, Sahara Adventure Sports Limited (SASL) bought the Pune franchise for Rs 1,702 crore ($ 333.33 million) and Rendezvous Sports World, a consortium, the Kochi franchise for Rs 1,533.33 crore ($ 333.33 million).

The BCCI has since scrapped Kochi franchise for breach of contract while Sahara is fighting for justice.

Sahara has also been the sponsor of the national team for 12 years, and has been making timely payments to the BCCI. According to a source, SASL managing director Sushanto Roy himself has sent letters to the BCCI, reminding it to expedite appointing the arbitrator to resolve the long-standing issue.

“However, BCCI has reportedly been mum on the issue, and takes inordinately long to reply whenever it chooses to break its silence,” a source told MAIL TODAY. “Sahara is seeking a reduction in franchise fee between 22 per cent and 25 per cent. It has been writing letters to the BCCI on this issue since December 2010.

But either the BCCI has completely ignored those letters or taken months to reply to some of them.

“Then, in February last year, when Sahara announced its pull out as sponsor of the Indian team and threatened to also pull out of the IPL, BCCI officials agreed to its several demands. But many of those promises have remained just that,” he said.

It has been learnt that both sides have since proposed several well- known names for arbitration, but all of them have been rejected by the other party.

“Also, Sahara claims it has further been disadvantaged by the huge difference in the base prices for the two new teams added in 2010, when compared to the base price of the Hyderabad franchise, re-auctioned last year,” the source pointed out.

The BCCI had in 2010 set the reserve price of Rs 103.50 crore ($ 225 million) per year when Sahara and Rendezvous Sports World won the bids and the price for the Hyderabad franchise was Rs 60 crore per year. Sun TV won the bid by quoting just Rs 85.05 crore per year.

BCCI has also not replied to Sahara’s other request: granting of the right to first refusal clause in the contract of the national team sponsor.

Matches

MORE TOP STORIES TODAY

Time for Chennai to enter familiar cocoon

Time for Chennai to enter familiar cocoon

Chennai have an emphatic 8-3 lead in the head-to-head with Punjab, with one game tied More »

Evenly matched Rajasthan and Hyderabad face-off

Evenly matched Rajasthan and Hyderabad face-off

A quality that defines Rajasthan and Hyderabad is consistency. Rajasthan was one among two teams to enjoy complete dominance at home last season. Hyderabad… More »

Beleaguered Yuvraj tees off to Sharjah's delight

Beleaguered Yuvraj tees off to Sharjah's delight

Yuvraj Singh was hardly convincing to begin with against Delhi, but a big dose of crowd support and a helping of poor bowling meant he had the opportunity… More »

Fiery star Stokes bids to curb his temper

Fiery star Stokes bids to curb his temper

England all-rounder Ben Stokes admits he must keep his anger under control if he is to end his international exile. More »

Troubled Trott to take another break

Troubled Trott to take another break

Jonathan pulled out of England's tour to Australia Brisbane with a 'stress-related illness'. More »

Bangalore's arsenal blazes to victory

Bangalore's arsenal blazes to victory

Yuvraj Singh was back to his best in his first match for Royal Challengers Bangalore. More »

BCCI to meet before next court hearing

BCCI to meet before next court hearing

The BCCI will hold an emergent working committee meeting on April 20 to discuss the future course of action with regard to the Supreme Court hearing concerning… More »

Gavaskar wants a clean IPL

Gavaskar wants a clean IPL

"Integrity is non-negotiable..." says the BCCI's interim chief ahead of Season 7 of the tainted league. More »

Kallis, Narine star in KKR win

Kallis, Narine star in KKR win

An all-round display saw Knight Riders thump Mumbai Indians by 41 runs in the IPL-7 opener. More »

Srinivasan named in fixing report: SC

Srinivasan named in fixing report: SC

The court emphasised that the tainted administrator can no longer work for the BCCI. More »

Yuvraj happy to play for RCB: Kohli

Yuvraj happy to play for RCB: Kohli

New-look RCB will play their first game of IPL-7 on Thursday. More »

'Yak' Kallis still on top of his game

'Yak' Kallis still on top of his game

The 38-year-old South African veteran turned it on for Kolkata Knight RIders in the opening match of IPL-7. More »

IPL: News Line

IPL: News Line

A round-up of all the news from this season of the IPL. More »

Shane Watson issues moral warning

Shane Watson issues moral warning

'Everyone knows what is right and what is wrong and if you do the wrong thing it will be found out' More »

Why I'm not looking forward to the IPL

Why I'm not looking forward to the IPL

Welcome to another season of a league that many watch but few trust. More »

Johnson may quit T20s for Tests

Johnson may quit T20s for Tests

Australia's Mitchell Johnson may quit limited-overs cricket to prolong his test career with an eye on the 2015 Ashes series in England, the fast bowler… More »

Nepal players call off boycott

Nepal players call off boycott

Thaw in relations after formation of an advisory committee that would work in tandem with the Cricket Association of Nepal. More »

There's a lot going on: Fleming

There's a lot going on: Fleming

He experienced anxious moments in the lead-up to the tournament as the courts decided on whether to suspend the franchise, he said, but stressed that the… More »

Latif couldn’t work with tainted players

Latif couldn’t work with tainted players

Former Pakistan cricket captain Rashid Latif said Tuesday he turned down the job of national chief selector because he could not work with ex-players tainted… More »

We are not over-confident: Bailey

We are not over-confident: Bailey

Indian Premier League — George Bailey-led Kings XI Punjab will face Chennai Super Kings on Friday. More »

Big runs expected, with bat and ball

Big runs expected, with bat and ball

Royal Challengers Bangalore: Their main concern, once again, is the fast bowling More »

Taxing issue — BCCI hits roadblock

Taxing issue — BCCI hits roadblock

MoU between BCCI & its units to avoid double taxation delayed after a few decline to share details. More »

Black Caps pick rookie duo for West Indies

Black Caps pick rookie duo for West Indies

New Zealand selectors included two new caps in a 15-man Test squad named Tuesday to tour the West Indies, with injury-hit spinner Dan Vettori's future… More »

The stage is set for IPL-7 to start

The stage is set for IPL-7 to start

The Preview — Defending champions Mumbai Indians take on Kolkata Knight Riders More »