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IPL franchise owners get stern with BCCI
The eight Indian Premier League owners have decided to stop franchise fee payment to BCCI for not being paid the compensation of IPL shift to South Africa.
New Delhi:
The eight Indian Premier League owners have decided to stop franchise fee payment to BCCI for not being paid the compensation of IPL shift to South Africa this year.
The fee installment was due in January 2009 but the IPL franchisees will refuse the payment since they have not been paid the amount they were promised.
The bigger peeve is the teams have still not been paid their 80% share of the broadcasting rights money.
The BCCI recently signed a 9-year contract with Sony for the broadcast rights, worth Rs 8,200 Crore.
The fee installment was due in January 2009 but the IPL franchisees will refuse the payment since they have not been paid the amount they were promised.
The bigger peeve is the teams have still not been paid their 80% share of the broadcasting rights money.
The BCCI recently signed a 9-year contract with Sony for the broadcast rights, worth Rs 8,200 Crore.
Topics mentioned in this article
Cricket
Sreesanth
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