BCCI fined Rs 52 crore by anti-trust panel

BCCI fined Rs 52 crore by anti-trust panel

 
0.0
 
0.0 (0)
1   0   0   0
Write Review
BCCI fined Rs 52 crore by anti-trust panel
HIGHLIGHTS

  1. The Competition Commission ordered the BCCI to pay Rs 52 crore within 60 days
  2. The Commission ruled that BCCI abused its position by agreeing to broadcasters' demands
  3. Sony Pictures Networks has held the rights since the IPL started in 2008.

NEW DELHI: India's competition watchdog on Thursday fined the country's powerful cricket governing body Rs 52 crore ($8 million) over a multi-billion dollar broadcasting deal for the Indian Premier League.

The Competition Commission ruled that the Board of Control for Cricket in India (BCCI), the world's wealthiest national cricket body, abused its position by agreeing to broadcasters' demands that it would not allow a rival to the IPL.

The commission ordered the BCCI to pay Rs 52 crore ($8 million) within 60 days. Sony Pictures Networks has held the rights since the IPL started in 2008.

But in a major coup, Rupert Murdoch's Star India channel in September bought the rights for 2018-22 for $2.55 billion -- a 150 percent increase on the previous deal -- confirming the league as one of the world's hottest sports properties.

The anti-trust commission made an initial ruling in 2013 that the BCCI's deal with Sony was illegal because of a clause which prevented the BCCI from allowing any other 20-over league to compete with the IPL.

The cricket body won a court order forcing a review of the case.

But the commission's new ruling came to the same conclusion and ordered the same fine.

The BCCI had pleaded that bidders for the television deal had insisted on the no-competition clause.

"BCCI has not provided any justification as to how this self-imposed restriction of not organising, sanctioning, approving or supporting another T20 cricket event that will be competing with IPL, is connected to the interest of cricket," the competition commission said however.
he commission said that "in the absence of any plausible explanation" it had found that the clause was intended to "enhance the commercial interest of the bidders of broadcasting rights" and the revenues received by BCCI.

In addition to the fine, the commission said the BCCI must not place any "blanket restriction" on the organisation of professional leagues to rival the IPL.

The BCCI made no immediate comment on the fine. But the ruling is a new blow to the body that has been managed by a panel appointed by the Supreme Court in 2016 to reform it.
The BCCI has in recent years been riven by infighting and allegations of shady dealings.

Source : https://timesofindia.indiatimes.com/sports/cricket/news/bcci-fined-rs-52-crore-by-anti-trust-panel/articleshow/61853366.cms

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account
Movie Reviews

Race 3 Hindi Movie Review, Rating -2/5

Jun 15, 2018 59
Bottom Line: Close to reality, Salman races on screen this time to kill the audience.

Sammohanam (2018) Telugu Movie Review, Rating -2.5/5

Jun 15, 2018 66
Bottom Line: A light-hearted take on the life of actresses, which ends as a fair attempt,…

Naa Nuvve Telugu Movie Review, Rating -2.25/5

Jun 14, 2018 56
Bottom Line: Tamannaah alone shines in this visually and musically appealing lackluster…
Restaurant Reviews

Rice N Roti

Oct 13, 2016 1577
Welcome to Rice N Roti, a casual South and North Indian Restaurant.Located in Plano, a…

Ramailo Restaurant

Oct 13, 2016 1388
Spacious locale offering traditional Indian & Nepalese dishes, plus a party area.

Essaywriter.ORG scan: reliable service to acquire college assignments readily and on schedule

Dec 01, 2017 50
Default Image
Are you feeling nervous on how to accomplish complex collegiate assignments?…
Latest Yellow Pages
Mar 06, 2018

Andhramess Allen

Andhra Mess– Is the most popular South Indian Restaurant situated in Allen, US. We have…
Dec 04, 2017

Best deals on International flights

IndianEagle.com is an innovative online travel company that enables its customers to book…
Sep 05, 2017

Roy Photography

Experienced in Indian and South-Asian Weddings and event photo and video services. Speaks…
Aug 02, 2017

Pista House

Pista House is known for meeting the diverse needs of customers thanks to its use of best…
Latest Classifieds
Jun 19, 2018

Enjoy a Healthier Life with our Organic & Natural Food Range

MyHomeGrocers is leading online store that offers 100% natural & organic products at best…
Jun 15, 2018

Say No To Heavy Shopping Bags Shop all Your Grocery Needs Online

Say No To Heavy Shopping Bags Shop All Your Grocery Needs Online
Jun 12, 2018

Ramadan Special OUR GRAND SALE FOR VEGGIES AND FRUITS THIS WEEK

Ramadan Special OUR GRAND SALE FOR VEGGIES AND FRUITS THIS WEEK!BEAT THE SUMMER WITH…
Jun 04, 2018

DEVOPS Training Schedule (Weekend Batch).

DEVOPS Training Schedule (Weekend Batch). Training Type: Online Live Interactive Training…
Training
Default Image
Feb 03, 2018

DevOps Online Training Live Demo Feb 05, 2018(Monday) @7.00am IST

DevOps Online Training Live Demo Feb 05, 2018(Monday) @7.00am IST For USA Students Feb…
Default Image
Jan 31, 2018

selenium Training - learntek

Learntek: Selenium Training Schedule. Course Title: Selenium Training. Training Type:…
Jan 25, 2018

SAP Simple Finance Training by SAP Certified Industry Experts

We provide services throughout USA, UK, Australia,UAE, Canada, Saudi Arabia, New Zealand,…
Jan 04, 2018

Tableau Training Institute in Noida

Tableau computing device is a business intelligence andinformation visualization tool…