Advertisement


Advertisement

Thread Rating:
  • 5 Vote(s) - 2.4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
BCCI terminates IPL contract with IMG
#1
Advertisement
India's cricket board has terminated its contract with sports management company IMG, which helped it launch the lucrative Twenty20
Indian Premier League, local media reported on Sunday.

The Times of India newspaper said Narainswamy Srinivasan, secretary of the Board of Control for Cricket in India, sent a letter informing IMG of the contract's termination due to a disagreement over payment terms.

The BCCI entered a 10-year agreement with IMG in 2008 to conceptualize and manage the IPL's affairs. IMG was to be paid 10 percent of the IPL's gross revenue as commission.

The Times reported that the BCCI's letter said the board's working committee felt the ``amount that was asked by IMG was disproportionate to services rendered.''

The working committee objected to IMG being paid nearly $10 million for the inaugural edition of the IPL in 2008, but still used the company for the second edition of the tournament that was staged in South Africa.

The Indian Express reported Sunday that discussions for redrafting the contract terms were ongoing between the BCCI and IMG during this year's tournament, and IMG was asked to submit a fresh proposal for consideration.

Srinivasan's letter said that IMG had failed to provide a fresh proposal for consideration by the BCCI working committee. ``Therefore, the BCCI has taken a decision not to use IMG's services any more for the IPL,'' reports said.

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: BCCI announce squads for Women's T20 Challenge nairrk 0 560 05-17-2018, 07:19 PM
Last Post: nairrk
  General News: Bhuvneshwar, Bumrah named in new A+ category of BCCI pay grade nairrk 0 633 03-07-2018, 06:52 PM
Last Post: nairrk
  General News: Ranji Trophy to be back to its home and away format as per the BCCI nairrk 0 676 07-31-2017, 12:54 PM
Last Post: nairrk
  General News: BCCI appoints Sunil Subramanian as administrative manager of Team India nairrk 0 722 07-30-2017, 07:51 AM
Last Post: nairrk
  General News: BCCI Set to Reward Mithali and Co. For World Cup Performance nairrk 0 822 07-21-2017, 07:41 PM
Last Post: nairrk
  General News: BCCI makes public details of payments made in June 2017 nairrk 0 610 07-20-2017, 10:15 AM
Last Post: nairrk
  General News: BCCI to appoint new coach before Sri Lanka tour nairrk 0 677 06-21-2017, 07:40 PM
Last Post: nairrk
  General News: BCCI invites applications for India's head coach nairrk 0 747 05-26-2017, 07:45 AM
Last Post: nairrk
  General News: Rising Pune Supergiant, Gujarat Lions not to get contract extension: Rajeev Shukla R nairrk 0 516 05-08-2017, 08:48 AM
Last Post: nairrk
  General News: BCCI recommends Pujara, Harmanpreet for Arjuna Award nairrk 0 601 05-02-2017, 01:11 PM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement