IND SL LIVE Broadcast- Star Sports BCCI Rights: As reported earlier by InsideSport, BCCI Media Rights holder Disney+ Star has asked for discounts from the BCCI for Media Rights deal. The issue was discussed in BCCI Apex Council meeting toda. The board sources confirmed that Star Star India has asked the BCCI for a Rs 130 crore discount in the existing deal. The India vs SriLanka Series is proving to be complete WASHOUT for the official broadcaster Star Sports and Disney+ Hotstar. According to sources, Disney Star will lose almost 200 Cr on the series: Follow all Indian cricket & IND vs SL live updates on Insidepsort.IN
Not only this but Jersey sponsor Byju’s, which is on its way out, wants the board to encash bank guarantee worth an estimated Rs 140 crore to honour the current agreement.
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The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting. In November, Byju’s had communicated to the BCCI that it wants to exit as the jersey sponsor of the Indian cricket team but the board asked the edtech company to continue until at least March 2023.
However, in June, BYJU’s had extended its jersey sponsorship agreement with the BCCI until November 2023 for an estimated USD 35 million. While an approximately Rs 140 crore will be paid to the BCCI through bank guarantee, the remaining, around Rs 160 crore, will be paid via installments.
“Only Byju’s and Star India issues were discussed in the meeting but that also took well over an hour. It was a serious matter involving millions of dollars so naturally it took time,” a BCCI source told PTI.
Byju’s, which was one of the sponsors of the FIFA World Cup, plans to lay off around 2500 of its 50,000 workforce by March in its aim to become profitable.
‘Star India asks for Rs 130 crore discount’
It was also revealed in the meeting that Star, which had paid Rs 6138.1 for India’s international and domestic cricket rights for the 2018-2023 period, has asked for an approximate Rs 130 crore discount in the existing deal. Some of the matches in the deal period had to be rescheduled due to the COVID-19 pandemic.
“The issue was discussed at length but the board is yet to take a final call on it,” the source added. The development comes at a time when the BCCI is preparing to sell media rights for the next five-year cycle after the current deal expires in March. Considering the IPL media rights fetched a staggering Rs 48390 crore, the BCCI is expecting another windfall.
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