With a defiant Sahara group refusing to furnish the requisite bank guarantee, the BCCI today decided to terminate Pune warriors from the IPL after a meeting of its all-powerful working committee here.
When contacted a Pune Warriors India official said they did not appreciate the manner in which their contract was cancelled.
"The relationship has obviously gone sour and certainly we do not appreciate the manner in which the BCCI has decided to terminate the franchise contract," an official said on the condition of anonymity.
Sahara is the principal sponsor of Team India and the current tenure of the Jersey sponsorship ends on Dec 31, 2013.
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Although no one wants to come on record but Sahara is expected to honour the current contract. However, the chances of applying for an extension are very dim.
The decision to terminate Pune would leave the IPL an eight-team affair for the time being.