Good Read

Spoonfeedin WOrld

Business – BCCI, IMG renegotiate IPL deal

MUMBAI: Putting an end to the bitter dispute between the BCCI and IMG, the two parties will sign a fresh contract that will see the sports management firm receive an annual fee between Rs 250 and 270 million for managing the Indian Premier League.

The BCCI will discuss the issue in its annual general meeting (AGM) on 25 September in Mumbai.

Recently, the cricket board had creased its pact with IMG over a payment row for the second edition of the high profile tourney wherein the firm had asked a fee of Rs 330 million that the council felt was irrational.

The renewed bipartite contract is part of the original ten-year deal, beginning 2008-09, that was signed two years ago.

Meanwhile, the AMG agenda will also discuss the recompensation to the IPL franchises for the losses earned with the tournament shifted to South Africa.

Advertisements

September 24, 2009 - Posted by | Uncategorized |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: