The scandal-hit IPL on Tuesday suffered yet another blow with the Sahara Group-owned Pune Warriors India withdrawing from the cash-rich event due to Board of Control for Cricket in India's (BCCI) decision to encash the team's bank guarantee following a prolonged financial dispute. Sahara, which bought the franchise for Rs 1,700 crore in 2010, said it was "disgusted" by the BCCI's attitude towards it and will not rejoin the league even if the entire franchise fee was waved off, giving a new twist to the already troubled league which has seen a spate of controversies since its inception.

Sahara India chairman Subroto Roy said he will continue to support Pune Warriors in the Indian Premier League (IPL) but ruled about sponsoring the Indian cricket team.

Roy said he will continue suppo

Indian cricket was on Saturday hit by a major sponsorship crisis after Sahara India ended its 11-year-old financial ties with the BCCI and also pulled out of the IPL by withdrawing from Pune Warrio

The Supreme Court on Friday issued a contempt of court notice to Sahara India managing director Subroto Roy and two others on a petition alleging interference in the ongoing Enforcement Directorate (ED) investigation into the 2G spectrum scam.