Former IPL chairman Lalit Modi blamed BCCI chief N Srinivasan's arrogant style of functioning for Sahara Group's decision to snap all the ties with the Board.
Former Pakistan player Azhar Mahmood, who now has a British passport, has been sold to Kings XI Punjab for $200,000 against the base price of $100,000.
Sahara pulled out of the IPL by withdrawing from Pune Warriors' ownership just hours before IPL 5 auction after they have been denied replacement for Yuvraj.
Sahara ended its 11-year-old sponsorship of the Indian team and also gave up its ownership of Pune Warriors, saying that BCCI ignored some of its grievances.
Virat Kohli was the highest-placed batsman at third followed by MS Dhoni at fifth but there was no Indian in the bowling top-10 of the latest ICC ODI rankings.
Sahara India withdrew their sponsorship from Indian team and ownership from IPL franchise Pune Warriors after they have been denied replacement for injured Yuvraj.
Brendon McCullum and Ravindra Jadeja will attract top bids when 144 players from eleven countries go under the hammer in the IPL 5 auction on Saturday.
A total of 146 players will go under the hammer for the available 29 slots as the auction of Indian Premier League's fifth edition got underway in Bangalore.
IPL chief Rajiv Shukla said that he could not react to the withdrawal by Pune Warriors owners Sahara as they have not communicated their decision officially.
A total of 146 players will go under the hammer for the available 29 slots as the auction of Indian Premier League's fifth edition got underway in Bangalore.
The eyes of the cricketing world will be on Bangalore, where 144 players, including 8 Indians, will go under the hammer for fifth edition of Indian Premier League.
Everybody's talking about Ravindra Jadeja's chances of walking away with the highest price against his name but expect franchises to be thinking differently.
