Rajasthan Royals ask for Rs 120-crore damages from BCCI
IPL franchisee Rajasthan Royals has demanded Rs 120 crore from the Indian Cricket Board as damages for their suspension from the Twenty20 league.cricket Updated: Feb 10, 2011 13:08 IST
IPL franchisee Rajasthan Royals has demanded Rs 120 crore from the Indian Cricket Board (BCCI) as damages for their suspension from the Twenty20 league.
The Board had terminated the contract with the franchise alleging that it had breached the agreement by changing its shareholding pattern without the Board's consent.
Royals took legal recourse through the arbitrator, who ruled in their favour.
BCCI appealed in the Bombay High Court against the stay of the termination of the contract given by the arbitrator but the High Court also ruled in Royals' favour.
"We have asked for a sum close to Rs 120 crore through a submission to the arbitrator (retired Justice B N Srikrishna), but this is part of the arbitration process which is not yet complete. Only an interim order has been passed," a spokesperson for the franchisee said on Thursday.
"The amount is for the damages to our reputation, sponsors and legal costs," he said, adding a copy of the submission has also been sent to the Board.
However, when contacted in Nagpur, BCCI chief Shashank Manohar said he was not aware of the demand from Rajasthan Royals.
"I do not know anything on this," said Manohar.