Monday’s day brought relief for the Board of Control for Cricket in India. 10 years ago, a decision was given in favor of the Supreme Court in the issue of termination of media rights by BCCI with the World Sports Group. This issue is related to former Indian Premier League Commissioner Lalit Modi.
A Panch Tribunal comprising of Supreme Court judges (retired) Sujata Manohar, Mukunthakam Sharma and SS Nijjar upheld the BCCI’s decision to terminate the foreign media rights agreement with the World Sports Group (WSG) on 28 June 2010. .
A former BCCI officer said that this decision justifies the BCCI’s location in the issue. He said, it is relevant that the tribunal has accepted BCCI’s contention that Lalit Modi was guilty of hiding the agreement made in this issue as well as the disturbances made by the then WSG Mauritius officials.
The BCCI had alleged that Lalit Modi, the chairman of the then IPL Governing Council, along with WSG officials, had defrauded BCCI of Rs 425 crore. BCCI officials, including the then BCCI secretary N Srinivasan, took a strong stand on this. This arbitral award allowed the BCCI to use the amount lying in escrow. This amount is more than Rs 800 crore.
Decision on organizing Indian Premier League
The Indian Premier League could not be organized due to outbreak of Corona virus infection. The board decided to postpone the tournament which starts from March 29 and now it is expected to be held in September-October. Due to the cancellation of the Asia Cup to be held in September, now the path of IPL has been cleared. The ICC’s decision on the T20 World Cup to be held in Australia is awaited.