The BCCI has resolved the vexing IMG issue and will announce a fresh contract for the sports management firm that will pay them between Rs.25 crore - Rs.27 crore per year, according to a report in Cricinfo.
The Indian board had recently terminated the contract with IMG for the Indian Premier League, citing payments that were not commensurate with services rendered. When this prompted seven of the eight franchisees to shoot off letters to the BCCI and when ex-BCCI chief Sharad Pawar also expressed his concern, the current president Shashank Manohar was appointed to resolve the dispute.
The issue seems to have been resolved amicably, with the new deal being that IMG would be paid a fixed amount, as opposed to a percentage of the IPL earnings. The earlier deal meant that the Board had to fork out Rs.33 crore for IPL-2, which didn't sit well with some Board members.
"There is no issue anymore, tomorrow it will be announced," a top-ranking BCCI official was quoted as saying by the website yesterday.
Another key issue that is likely to be looked at is the reimbursement to the eight franchisees for losses incurred due to the shifting of the IPL to South Africa.
"We have already been told that it would only happen post Champions League but I'm sure if they would discuss the IPL accounts, the compensation to the franchisees would also be discusssed," a top official at one of the franchises was quoted as saying.
The other controversy brewing in the background is the situation in the Rajasthan Cricket Association, where two factions - one led by Sanjay Dixit and the other backed by Lalit Modi - are locked in a bitter struggle. Both factions are expected to send their representatives to the AGM, though which one would be or should be allowed is anybody's guess.
© Cricbuzz
The Indian board had recently terminated the contract with IMG for the Indian Premier League, citing payments that were not commensurate with services rendered. When this prompted seven of the eight franchisees to shoot off letters to the BCCI and when ex-BCCI chief Sharad Pawar also expressed his concern, the current president Shashank Manohar was appointed to resolve the dispute.
The issue seems to have been resolved amicably, with the new deal being that IMG would be paid a fixed amount, as opposed to a percentage of the IPL earnings. The earlier deal meant that the Board had to fork out Rs.33 crore for IPL-2, which didn't sit well with some Board members.
"There is no issue anymore, tomorrow it will be announced," a top-ranking BCCI official was quoted as saying by the website yesterday.
Another key issue that is likely to be looked at is the reimbursement to the eight franchisees for losses incurred due to the shifting of the IPL to South Africa.
"We have already been told that it would only happen post Champions League but I'm sure if they would discuss the IPL accounts, the compensation to the franchisees would also be discusssed," a top official at one of the franchises was quoted as saying.
The other controversy brewing in the background is the situation in the Rajasthan Cricket Association, where two factions - one led by Sanjay Dixit and the other backed by Lalit Modi - are locked in a bitter struggle. Both factions are expected to send their representatives to the AGM, though which one would be or should be allowed is anybody's guess.
© Cricbuzz
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