BCCI scraps deal with broadcasters Nimbus

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Published: Monday, December 12, 2011, 17:47 [IST]
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BCCI scraps Nimbus deal

Mumbai, Dec 12: BCCI decided to scrap its deal with broadcasters Nimbus due to payment dues for several matches. The decision was taken during the BCCI's working committee meeting here on Monday.

The contract with BCCI stipulates Nimbus to pay an approximate Rs 31.5 cr per match.

Nimbus, which renewed its contract with the Board in 2009-10 is lagging behind on payments, BCCI have decided to forfeit a bank guarantee worth Rs. 2000cr.

"Members were unanimous that such an organisation which has been a regular defaulter in terms of payments cannot be continued with," one of the members of the working committee said on condition of anonymity.

"They have defaulted. They have not paid 50 percent advance payment of both England and West Indies series and that is why the contract was terminated," said BCCI vice president M.P. Pandove after its working committee meeting here.

"Not a single series has gone where they have paid the full amount on time. Also another reason is that India's international commitments at home have finished with the ODI series against the West Indies," the official said. Since there was a big gap before the next home series gets underway, the BCCI top brass felt that there is enough time to find a new broadcaster.

However, Nimbus earlier informed that 75% of the dues were made to BCCI and had requested the BCCI to extend deadline to pay remaining dues.

Nimbus has been BCCI's broadcast partner for five years now since it first signed a four-year deal in 2005-06 and renewed the contract in 2009-10 after being offered first right of refusal. The current contract was supposed to be for four years upto 2013.


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