The Board of Control for Cricket in India (BCCI) has slapped a fine of US$41.97m on WICB and have given them 15 days about how they intend to compensate the losses in “acceptable terms”.
The BCCI had announced it two weeks ago that it would seek compensation from the WICB for the losses sustained as a result of the cancelled tour, and followed through formal correspondence to the Antigua-based organization on Friday. The BCCI has also formally suspended all the bilateral ties with them until all the legal issues get resolved.
The letter sent by the BCCI to the WICB quoted:
“The BCCI calls upon the WICB to formally inform the BCCI, in writing, of the steps it intends to take to compensate the BCCI towards the losses quantified above as well as those losses yet to be quantified by the BCCI in relation to the cancelled WICB tour,” said the letter, signed by BCCI secretary Sanjay Patel.
“In the event the BCCI does not receive such a proposal in acceptable terms, within a period of 15 days from receipt of this letter, please note that the BCCI has peremptorily instructed its attorneys to initiate steps for recovery of the losses by filing appropriate legal proceedings against the WICB in the appropriate Indian court and you may treat this notice as a formal demand in that regard.
“The BCCI is faced with huge revenue losses, a loss of reputation and is at risk of losing valuable commercial partners. The consequences of cancellation of a committed home tour during the biggest festival season.
“Diwali in India is a monumental disaster for the BCCI. It is during this season that our partners derive the most value from their rights. Our broadcaster had committed to its advertisers during this season and on account of your actions, is facing a severe crisis the effects of which are felt by the BCCI.
“The BCCI holds the WICB responsible and liable for all such consequences and intends to enforce its rights to seek compensation from the WICB to the fullest extent permissible in law.”
The detailed explanation of the losses suffered by BCCI is as follows: