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World Sport rejects BCCI's termination of agreement

The World Sport Group Mauritius (WSGM) on Wednesday told the Board of Control for Cricket in India (BCCI) that it would take necessary steps in whatever part of the world to ensure that the agreements with their business were honoured and complied with and their good name and reputation preserved.

“We hereby reject in the strongest possible terms, either your rescission or termination of our agreement with you [BCCI] dated March 25, 2009. The contract clearly outlines provisions and a process for termination,” said Seamus O' Brien, Chairman and CEP of the WSGM.

On Monday, the BCCI rescinded all IPL-related television rights with the WSG India (WSGI) implying that the IPL Media Rights Agreement of March 25, 2009 for the Indian sub-continent, purportedly executed by Lalit Modi, is vitiated by fraud. The BCCI letter also said the fraud was perpetrated by the WSGI in conspiracy with the WSGM and Mr. Modi.

The WSGM's four-page letter to BCCI Secretary N. Srinivasan asserts that “The reasons given by you for doing so [to terminate the agreement] are nothing more than unsupported and unsubstantiated allegations. Not only have you failed absolutely to provide evidence on which you base your allegations, but also you have not engaged us in a single conversation or request for information to help you reach your decision, despite our numerous attempts to do so.”

Mr. O'Brien pointed out to the BCCI that it was “fully aware” of the events leading to the execution of revised agreements signed on March 25, 2009, and that the WSGM “do not accept significant risk or provide services without the opportunity to make a fair return and that the ‘Facilitation Deed' [$ 80 million] represents nothing more than the ‘return' on this opportunity achieved by the WSGM as part of the negotiations.”



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Printable version | Mar 31, 2020 8:40:17 AM | https://www.thehindu.com/news/World-Sport-rejects-BCCIs-termination-of-agreement/article16180090.ece

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