The 30-year-old Sreesanth was one of three players, along with 11 bookmakers, arrested last week on suspicion of spot-fixing in the Indian Premier League (IPL) Twenty20 competition, the allegations also earning him an immediate suspension from the cricket board.
Pune Warriors India, owned by Sahara India Pariwar, pulled out of the already scandal-hit Indian Premier League (IPL) on Tuesday and announced that they will not renew their sponsorship of the Indian cricket team after the present contract expires in December 2013.
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