Pepsi wants out of IPL, sends notice to board saying game in 'disrepute'

October 09, 2015 09:55

The Indian Express reports: Beverage giant PepsiCo has written to the Indian cricket board informing the latter about its intention to withdraw from the Indian Premier League as title sponsor, stating the controversy surrounding the spot fixing case.

Sources told the newspaper that the company made the decision following issues which have brought the game "disrepute".

The report states that PepsiCo has informed the IPL's chief operating officer Sundar Raman about its intention to withdraw from the title sponsorship for which it had paid Rs 396 crore ($71.77 million) for the period 2013-2017.

Raman is believed to have informed newly elected BCCI president Shashank Manohar about the development.

The BCCI is expected to discuss PepsiCos notice during its working committee meeting in Mumbai on October 18, the report adds.

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