Sahara could get their franchise fee reduced as per demand as BCCI are looking to reconsider their stand.
Mumbai: After plenty of deliberation on both sides, the BCCI and Sahara India could be heading towards a settlement of their differences, sources told CNN-IBN on Wednesday.
Sahara could get their franchise fee reduced as per demand as BCCI are looking to reconsider their stand, sources added.
Sahara had earlier wanted a reduction of 27 percent in their franchise fee since they paid $370 million based on a 94-game Indian Premier League (IPL) tournament in 2012, and demanded a deduction in fee after the games were reduced to 74.
Earlier on Tuesday, a day after the BCCI's Working Committee rejected some of the demands of Sahara, both the parties held parleys in a city hotel here to try and find a solution to the content_cnious issue.
In a notable development, former board president Shashank Manohar was also included in the parleys. Board president N Srinivasan was present at the meeting.
Manohar was the president of BCCI when Sahara Group bought the Pune franchise for whopping Rs 1700 crore, the costliest franchise in the IPL.
Also, BCCI secretary Sanjay Jagdale said that the IPL Governing Council will take a call on how to go about with the tournament in case the Sahara Pune Warriors decide to opt out of it.
"In case Sahara's Pune Warrior team opts out of IPL, then the Governing Council would take a call on the issue," he said.
To a query on Sahara Group's decision to stop sponsoring the Indian team and the search for a replacement, he said nothing has been finalised.