According to India’s ‘The Economic Times’, Nimbus is claiming that the launch of the new BCCI-sanctioned Indian Premier League competition will detract from the value of its comprehensive broadcast rights contract with the BCCI.
In 2005, Nimbus acquired the rights to all international matches played on home grounds plus domestic competitions for $612 million for five years to 2010.
Nimbus has reportedly asked BCCI to refund the entire domestic component of the deal or award the IPL rights to Nimbus.
