Bridgetown (Barbados): The West Indies Cricket Board (WICB) will have to cough up nearly $42 million in order to stave off a lawsuit from the Board Of Control For Cricket In India (BCCI), stemming from the abandoned tour of India last month.
<img title="BCCI secretary Sanjay Patel" src="http://images.mid-day.com/images/2014/nov/Patel0211.jpg" alt="BCCI secretary Sanjay Patel" /> BCCI secretary Sanjay Patel
Indian authorities yesterday told the WICB that its losses as a result of the abandoned one-day and Test tour had been estimated at $41.97 million, and gave the regional board 15 days in which to come up with a plan of compensation, reports CMC.
The BCCI had announced two weeks ago it would seek compensation from the WICB for losses sustained as a result of the cancelled tour, and followed through with formal correspondence to the Antigua-based organisation on Friday.
&ldquo;The BCCI calls upon the WICB to formally inform the BCCI, in writing, of the steps it intends to take to compensate the BCCI towards the losses quantified above as well as those losses yet to be quantified by the BCCI in relation to the cancelled WICB tour,&rdquo; said the letter, signed by BCCI secretary Sanjay Patel.
Legal suit &ldquo;In the event the BCCI does not receive such a proposal in acceptable terms, within a period of 15 days from receipt of this letter, please note that the BCCI has peremptorily instructed its attorneys to initiate steps for recovery of the losses by filing appropriate legal proceedings against the WICB in the appropriate Indian court and you may treat this notice as a formal demand in that regard.&rdquo;
&ldquo;The consequences on the BCCI of not delivering a scheduled home tour to its members, sponsors, broadcasters and the fans are multi-fold and crippling,&rdquo; the BCCI letter said. &ldquo;The BCCI is faced with huge revenue losses, a loss of reputation and is at risk of losing valuable commercial partners. The consequences of cancellation of a committed home tour during the biggest festival season.
&ldquo;Diwali in India is a monumental disaster for the BCCI. It is during this season that our partners derive the most value from their rights. Our broadcaster had committed to its advertisers during this season and on account of your actions, is facing a severe crisis the effects of which are felt by the BCCI. The BCCI holds the WICB responsible and liable for all such consequences.&rdquo;

The West Indies Cricket Board (WICB) will have to cough up nearly $42 million in order to stave off a lawsuit from the Board Of Control For Cricket In India (BCCI), stemming from the abandoned tour of India last month

BCCI slaps Rs 250 crore damages on WICB

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Sports / Cricket / Article / BCCI slaps Rs 250 crore damages on WICB

BCCI slaps Rs 250 crore damages on WICB

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast