Sports

Star and Byju’s increased BCCI’s tension, made this big demand

All is not well these days between the Board of Control for Cricket in India and Star India. Actually, the tension has increased between the two regarding media rights. Star Sports has demanded a waiver of Rs 130 crore from the BCCI. But when this dispute started and what are the reasons for it, this is the biggest question. Actually, these days the series is being played between India and Sri Lanka. But this dispute happened due to Corona virus and not getting advertisement during Sri Lanka series. It is being told that during the BCCI meeting, Star has asked for a discount of around Rs 130 crore under the current deal. Sources said the issue was discussed at length but the board is yet to take a final decision.
 

Read this also: Rohit Sharma In T20: Rohit Sharma will continue to play T20, said on the question of retirement – ​​I will think after IPL

 
Star holds the rights for domestic cricket in India. For this, Star had also paid Rs 6138.1 crore keeping in mind the period of 2018-2023. However, during this time the case of corona virus came. Due to this many matches also had to be postponed. For this reason, Star has claimed damages. Now he is also demanding a rebate of Rs 130 crore. Star India, on the other hand, was contacted for a comment but did not get revert. However, sources said that Star has only told BCCI that the board should take the amount as per the agreement. The matches which could not be played in 2020 and were organized in 2022, should be paid at the rate of 2020. Therefore, to say that the star has sought an ‘exemption’ is completely misleading.
 

Also read: BCCI Selection Panel: Chetan Sharma again became the chief selector of the Indian cricket team, announcement of the new committee

Not only this, Byjus, the sponsor of the jersey in the Indian team, has also increased the tension of the BCCI. BYJU’S wants the board to encash its bank guarantee of Rs 140 crore under the present agreement. Byjus had informed the BCCI in November that it wanted to pull out of jersey sponsorship of the Indian cricket team. The board, however, had asked the edtech company to continue with the agreement at least till March 2023. In June, Byju’s had extended the jersey sponsorship deal till November 2023 for around $35 million (about Rs 3 billion). Of this, Rs 140 crore is to be paid to BCCI through bank guarantee while the remaining Rs 160 crore will be paid through instalments.

People News Chronicle

People News Chronicle author account is for interns, who are just new to our news agency. They are taught basics of wordpress and publishing through this account.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button