[dropcap color=”#008040″ boxed=”no” boxed_radius=”8px” class=”” id=””]T[/dropcap]he BCCI said on Friday it will address the concerns raised by Pepsi, the title sponsor of its flagship tournament, the Indian Premier League (IPL). Media reports suggest the beverage giant has sent a notice to the Board of Control for Cricket in India (BCCI) expressing its intention to withdraw from IPL due to the spot-fixing case.
“BCCI has assured that steps will be taken to address the concerns and will work necessary solutions in the interests of the league as well as Pepsico.”
– BCCI statement
The company has reportedly sent a notice saying the decision was because of the issues that have brought the game into “disrepute”. The controversy-ridden IPL hit a new low when the Supreme Court recommended suspending the franchises – Rajasthan Royals and Chennai Super Kings – for two years following an investigation into a betting and spot-fixing scandal.
[dropcap color=”#008040″ boxed=”no” boxed_radius=”8px” class=”” id=””]P[/dropcap]epsi paid around Rs.396 crore in 2012 for the title sponsorship between for a five-year period between 2013 and 2017. “BCCI and Pepsico have had a long-standing cordial relationship. Pepsico has raised certain concerns with the BCCI,” the BCCI statement said.
“BCCI has assured that steps will be taken to address the concerns and will work necessary solutions in the interests of the league as well as Pepsico.”
“As part of the process BCCI and Pepsico have been in amicable discussions and further update will be shared in due course,” it added.
BCCI plans to deliberate on the issue in its next working committee meeting in Mumbai on October 18.
Note:
1. Portions of text in this post are from IANS.
Biryani sold in plates featuring Bhagwan Ram's pictures in Jahangirpuri; owner booked following outrage An…
'Congress, I.N.D.I. Alliance went into panic mode after...': PM Modi on his 'infiltrators' remark Addressing…
Arvind Kejriwal, K Kavitha to remain in Tihar Jail, court extends custody till May 7…
Following Centre's move to modify the 2012 verdict in the 2G spectrum case, Swamy also…
Combined manufacturing, services output rise at the fastest pace in nearly 14 years According to…
Sheikh Sirajuddin ignored several summonses from the ED On Tuesday, the Enforcement Directorate (ED) issued…
This website uses cookies.
View Comments
OMG!!! IPL is becoming complicated day by day... Wondering whats in store for them in future!!!