PepsiCo, which is paying Rs 396.8 crore for five IPL seasons beginning 2013, is reportedly worried about credibility of the league in the aftermath of two teams being suspended by a Supreme Court appointed committee.
"We remain committed to ethical conduct in sport and expect that issues surrounding IPL are adequately and swiftly addressed. The faith of cricket fans is important and needs to be restored in the interest of the game," a PepsiCo India spokesperson said in a statement.
"We do not comment on speculation. We have not seen the copy of the complete order and hence will not be able to comment any further at this stage," the spokesperson said.
Earlier this week, star-studded Chennai Super Kings (CSK) and Rajasthan Royals (RR) were suspended from the IPL by a Supreme Court-appointed committee in a clean up of cricket hit by the 2013 betting scam involving their top officials Gurunath Meiyappan and Raj Kundra.
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PepsiCo had pipped telecom major Bharti Airtel in 2012 to become the new title sponsor of the league, with a winning bid of Rs 396.8 crore, for the five seasons starting 2013.
The IPL, which has eight teams now, could go in for inclusion of two more franchises under a new arrangement that could include players from the two suspended teams.
PepsiCo sells various brands like Pepsi, 7UP, Mirinda and Mountain Dew in India. It also sells snacks under Lehar, Uncle Chipps and Kurkure brands, among others.