BCCI incurred Rs 150 cr loss during home series

Published: Thursday, February 17, 2005, 23:53 [IST]
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New Delhi:The Board of Control for Cricket in India (BCCI) has admitted to have incurred a loss to the tune of Rs 150 crores during the series against South Africa and Australia due to its failure in awarding the telecast rights.

The on-going imbroglio over awarding the telecast rights have cost the Board approximately 150 crore during the South Africa and Australia series, BCCI secretary S K Nair disclosed this in a letter to Saurashtra Cricket Association secretary Niranjan Shah.

The letter was in response to Shah's query about the telecast rights row written to BCCI president Ranbir Singh Mahendra.

The ad hoc arrangement with Prasar Bharti was likely to fetch Rs 130 crore for the two series but the income was still far less than what could have been earned had the telecast rights been awarded before that, Nair said in the letter.

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