Sahara Shri - Subroto Roy could have announced that out of Pune IPL franchise and terminating the sponsorship of the Indian cricket due to bad treatment given to him by BCCI head honcho, the stubborn N. Srinivasan and collection of the bank guarantee. But that may be a smart move by Shri Sahara to exit IPL Rs.1700 crores sank in Pune franchise for 10 years. Recover Rs.1700 crores over 10 years through Pune Warriors seemed impossible and secondly because the Government of India allowed private participation in the defense industry, the biggies sink in. We have Tatas, Mahindras and some more.
Sahara plans to invest Rs 1,500 crore in Defense Company, which is much in the news lately. But wonder why the group is so hush-hush about it and try through an authorized player contaminated bag??? Sahara has bought shares worth Rs. 150 million rupees in the company I'm talking about defense.
Now see the math that fits so well that it makes me believe that the departure of Sahara IPL and / or sponsorship Cricket, in general, not about N. Srinivasan and Subroto Roy ego fight but something else. Sahara BCCI did not pay the annual fee of Rs. 170 million rupees arguing that the price of the franchise need renegotiation. But then the shares worth Rs. 150 million rupees in the defense company said it did just weeks before Collected BCCI Sahara Bank Guarantee. Rs.1700 Crores Pune was the cost of franchise - an agreement Pune Warriors losing the way they were. Why not invest Rs. 1,500 crore in lucrative defense business in India is one of the major defense spenders in the world that is trying to modernize its armed forces.
