Lalit Modi vs BCCI: Lalit Modi threatens to sue BCCI – Former IPL chairman Lalit Modi has threatened to take BCCI to court again after Bombay High Court gave him a clean chit in the IPL Media Rights case. Now in exile in the UK, Lalit Modi has declared to “sue them all” as the HC determined that the much-talked-about Facilitation Fee was not illegal. Follow IPL 2022 Live Updates on InsideSport.IN.
“The sad part is the petty members, who live off my creation, are so scared of my shadow that they even refused entry to my children on a paid ticket. Only question now is what will media say – fugitive? Go ahead try. Now I will sue all in UK, then see the fun (sic),” Lalit Modi told Cricbuzz on Sunday.
Lalit Modi vs BCCI: After clean-chit in IPL Media Rights case, Modi threatens BCCI, ‘Will sue them all’
“I single-handedly built the IPL. Not that I care but the BCCI banned me for life. Guess what I made recession (economic slowdown of 2008) Modi proof. Mark my words it will be a global showpiece from India. It will be a big entertainment property globally. And I did it free of cost for my country to watch on TV,” Lalit Modi said.
Lalit Modi vs BCCI: After clean-chit in IPL Media Rights case, Modi threatens BCCI, ‘Will sue them all’
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BCCI WSG Dispute – Complete Matter Explained? The petitioner (WSG) was granted media rights for the IPL for RoW from 2009 to 2017.
The BCCI post Season 1 terminated the agreement. Their contention was that the entire arragement was ‘fradulent composite transaction’, done to cheat the BCCI. The agreement was cancelled by the BCCI in 2009.
The BCCI alleged that all agreements were executed for the purpose of diverting Rs 425 crore — which actually belonged to the BCCI — to WSG (Mauritius), an affiliate of WSGI.
The arbitration panel had accepted BCCI’s contention and awarded in their favor.
But now the High Court has SET-ASIDE the arbitration order which now is considered as a huge setback for the BCCI.
- In November 2007, the BCCI had floated tenders inviting bids to acquire license for IPL media rights for 10 years (2008 to 2017).
- The tender included media rights in two categories, for the Indian sub-continent consisting of India, Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives and the second category of RoW.
- Though WSGI won the bid, since it was not a broadcaster and only a trader in media rights, it entered into pre-bid negotiations with Multi-Screen Media (MSM) Satellite (Singapore), which had a broadcasting network in India.
- Another MRLA was executed between BCCI and WSGI for India rights for a sum of USD 500 million and RoW rights for USD 92 million till 2017.
Lalit Modi vs BCCI: After clean-chit in IPL Media Rights case, Modi threatens BCCI, ‘Will sue them all’
Will BCCI Reappeal the HIGH-COURT ORDER? InsideSport reached out to the BCCI on the development. The Board is yet to decide whether they will accept the order or will reappeal it in the HIGHER COURT?
“Our lawyers will study the order and decide the next course of action. At this stage we can’t make any comment”, said top BCCI official to InsideSport.
Lalit Modi vs BCCI: After clean-chit in IPL Media Rights case, Modi threatens BCCI, ‘Will sue them all’
IPL Media Rights Tender: When is the new tender getting released?
Why the tender getting delayed? The BCCI had previously stated that the IPL media rights tender would be out last October.
It has been almost five months since that announcement. The tender has not yet been put out despite various timelines and fresh deadlines.
Lalit Modi vs BCCI: After clean-chit in IPL Media Rights case, Modi threatens BCCI, ‘Will sue them all’
In December, BCCI also engaged KPMG to guide them on the best MODUS OPERANDI to monetize the IPL Media Rights.
But still the tender hasn’t comeout. Now according to a board member, “the IPL media rights could be out soon, in all likelihood, in a week’s time”
BCCI is expected to fetch almost 40,000 Crores from sale of 5 years of rights.
Follow IPL 2022 live updates with InsideSport.IN.
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