Abb Takk News

BCCI asks 42 million dollar settlement from WICB

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.

Indian authorities Friday 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.

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 Friday.

Media rights make up the bulk of the losses with the BCCI estimating them at just over $35 million, while ticket sales account for around $2 million and the title sponsorship from Micromax estimated at $1.6 million.

The BCCI has also factored in losses in kit sponsorship from Nike, team sponsorship, in-stadia sponsorship and stadium concessionaires, in the compensation package.