New Delhi: Sahara Group has pulled out of its sponsorship deal with the Indian cricket board and the Kochi franchise of the Indian Premier League (IPL), the diversified business company said on Saturday.
Striking wicketkeeper-batsman Brendon McCullum was the first to be auctioned as he was purchased for $900,000 by Kolkata Knight Riders afterwards the Indian all-rounder Ravindra Jadeja, who was clinched by Chennai Super Kings for whooping $2 million in the tie-breaker.
A total of 146 players will be auctioned for the accessible 29 slots as the auction for the fifth edition of the Indian Premier League (IPL) got started in Bangalore.
Sri Lankan master batsman Mahela Jayawardene has been bought by Delhi Daredevils for $1.4 million.
Sahara India has been denied replacement for injured Yuvraj Singh for the imminent fifth edition of Indian Premier League.
Sahara said that “It was an emotional decision for us to start this sponsorship but our emotions were never appreciated and many genuine situations were not given due consideration at all.”
The franchises have an utmost of $2 million to spend at the auction as they offer to reinforce their line-ups ahead of the tournament which will be played between April 4 and May 27.
The exceptions are Bangalore and Pune, which have already spent some money retaining their relevant ‘replacements’, Chris Gayle and Sourav Ganguly.
The 2012 auction happen to be the cheapest of the five thus far. The purse has been tightened keeping the cricketers and vacancies in mind.
A total of just 37 slots are available with all the teams put together and not more than eight Indian cricketers are in the tussle.