Breaking/Brief news
February 18, 2005
BCCI reveals huge losses on account of TV rights imbroglio
The BCCI revealed after its meeting yesterday that it has lost US$ 34 million so far following the controversy over the sale of television rights. A chronological history of what transpired:
First the BCCI decided, very late in the day just when Doordarshan's rights period was about to expire, to sell internet and mobile rights separately to make more money. Then fearing that a private broadcaster would get the rights, the government moved in with an attempt to legislate. Then the bids were invited, with strange clauses.
Zee won the bid with the highest quoted amount. Promptly, ESPN-Star went to court. The BCCI then realized that the Aussies were coming and so announced that it was going in for fresh bids. If the issue wasnt resolved, there was a danger of the series never taking off since no TV coverage would be available for the third umpire. Harsha Bhogle was obviously a worried man.
The BCCI then trumped everyone by giving the rights to TEN Sports as an interim solution.
I'd have thought the BCCI's primary mission is to promote cricket in India and take care of the cricketers! Not quite, it seems.
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