"We never thought that badminton would have such money. Many players' are all excited. With due respect to what they (Gutta and Ponappa) are saying, I think the IBL is ensuring that the players are not at a financial loss," he said.
     
"It's great for Indian badminton. The kind of money the players will get is phenomenal. I hope this issue is resolved and we must move on because what is happening is unprecedented in world badminton," the former all-England champion said.
     
Gutta and Ponnappa, who were Commonwealth Games 2010 doubles champions, are two of the six icon players in the Indian Badminton League (IBL).
     
But ahead of the auction on Sunday, the IBL governing council slashed their base price from USD 50,000 to USD 25,000 after discussing with the six franchises. Jwala and Ashwini hit out at the organisers terming the decision as "disrespectful".
     
The inaugural edition of the tournament will be held from August 14-31 involving six franchises -- Delhi, Mumbai, Hyderabad, Bangalore, Pune and Lucknow.

(Agencies)

Latest News from Sports News Desk