BCCI to be fined?

[caption id="attachment_49642" align="aligncenter" width="580"]bcci-630 The BCCI has been fined of Rs 52.24 by Competition Commission   File Pic[/caption]

Internet Desk: A fine of Rs 52.24 crore has been imposed on the Board of Control for Cricket in India (BCCI) for charges of anti-competitive practices with respect to IPL media rights by the Competition Commission.

Previously the BCCI was punished in 2013 by the guardian committee. The Competition Commission of India (CCI) claimed that penalty fee of Rs 52.24 will be approximately 4.48% of the average turnover of the BCCI for the past 3 years.

The average turnover of Rs 1,164.7 crore is for three financial years -- 2013-14, 2014-15 and 2015-16. "The assessment of the Commission clearly brings out that the impugned clause in the IPL (Indian Premier League) Media Rights Agreement has been pursued by BCCI consciously to protect the commercial interest of the bidders of broadcasting rights as well as the economic interest of BCCI," it said.

In February 2013, the watchdog had slapped a fine of Rs 52.24 crore on the BCCI. Although at present, the average of the relevant turnover is slightly higher than the one which was considered by the CCI while passing the order in February 2013, the regulator said it prefers to maintain the penalty amount.

About Web Master


Post a Comment

Powered by Blogger.