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BCCI asks Nimbus to pay dues
A top BCCI official told the Hindustan Times on Monday that the Board had set Nimbus, which holds the telecast rights for domestic and international cricket in India, a Tuesday deadline to make payments owed to it.
Does the BCCI get its money or not? A top BCCI official told the
Hindustan Times
on Monday that the Board had set Nimbus, which holds the telecast rights for domestic and international cricket in India, a Tuesday deadline to make payments owed to it.
Add to that an email doing the rounds of the media, addressed to Nimbus's senior vice-president sports, Yannick Colaco. It states that Nimbus owed the BCCI almost a whopping 120 crore. The BCCI official, while refusing to confirm the exact amount, said they were in talks with Nimbus and expected it to be paid. "Talks are on between the BCCI and the Nimbus, and we are pretty hopeful that they would pay the amount by tomorrow," he said.
However, the mail is very specific. In the form of a notice from the BCCI dated January 3, it states: "If the payment is not made within 14 days of receipt of this notice, the BCCI would invoke the existing Bank Guarantee as provided in Clause 6.2 of the agreement".
As per the Clause 3.2 of the agreement, the notice says, Nimbus has to provide 50 per cent of the value of the India-England series, which is Rs 119,18,37,938 for 2 Tests and 5 ODIs within 7 days of the culmination of the series, that was December 29. This wasn't done.
Nimbus, though, said they hadn't received any notice from the BCCI. But asked specifically about whether they had paid the amount owed from the England series, Nimbus chief Harish Thawani refrained from either accepting or denying that there was a payment issue. "It's an ongoing process and we keep paying whatever amount is due," he said.
"Besides, the BCCI has already issued a press release stating that none of its sponsors are defaulting on payments." But then, why would the BCCI itself say payments have been delayed?
Other than the aforesaid payment, the BCCI also has issues with Nimbus about the agreed telecast of domestic matches and the almost regular practice of missing out on the first or the last ball of the over or the replays. Let's see what happens next on this.
