The BCCI and the Sahara Group today reached a compromise after a series of hectic negotiations over the past few days, paving the way for Pune Warriors' participation in the fifth edition of the IPL.
Sahara, which had severed ties with the Board and withdrawn the Team India sponsorship on February 4, will return as a sponsor following the truce which brought an end to the 12-day stalemate.
The major concessions Pune Warriors got was an extension of the trading window till February 29, re-activation of their auction purse, the possibility of being allowed five foreign players (subject to the agreement of the other franchises), and an arbitrator to decide on their demand for a concession in the franchise fee.
Both BCCI and Sahara issued a joint statement, giving details of the agreement.
Regarding the contentious issue of replacement for marquee player Yuvraj Singh, who is undergoing treatment for cancer in US, Sahara has offered to obtain the consent of all the franchises for fielding five foreign players for the IPL matches.