News Star India’s compensation to three boards for scrapping Champions League T20

[Deepu]

The BCCI, Cricket Australia and Cricket South Africa combine will earn $330 million from Star India for exiting the Champions League Twenty20 midway, according to a report in Mumbai Mirror. The Champions League T20 commercial rights owner Star India, which had acquired the rights (along with then JV partner ESPN) for $975 million in 2008, was in favour of scrapping the tournament as it was not garnering enough viewership. Six editions of the event have been played. The BCCI’s share of that compensation is estimated to be about $190 million. The Australian board will pocket $80 million and the South African board’s share is expected to be around $60 million.

Read more at: http://www.televisionpost.com/television/star-indias-compensation-to-three-boards-for-scrapping-champions-league-t20/ | TelevisionPost.com

 

[DashMajor]

So Star wants to earn South African cricket's rights by paying compensations

 

[IndianMascot]

They will never accept anything in loss. Even if it will show us as loss, they would be getting profit from somewhere else.

 

[scorpionking76]

So star has started back door negotiations with CSA. Man Rupert Murdoch business acumen is really amazing, hats off

 

[DashMajor]

Yeah but he already had a rights of CSA then why left it just was waiting to grab for free ??

 

[scorpionking76]

CSA rights are with Ten D Major bro, now they are eyeing this too?

 

[DashMajor]

CSA rights are with Ten D Major bro, now they are eyeing this too?

Before TEN, it was with STAR SPORTS only, until 2006 - 07 STAR SPORTS own the rights of almost all Cricket boards. Except PCB, SLC and BCCI.

 

[scorpionking76]

So now they want all permanent boards rights now?

 

[DashMajor]

Tat we will get to know in upcoming years.

 

[scorpionking76]

Srini mama will definitely do the needful in Star's favour before he step down from BCCI chairman post, oops ICC...