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PCB Claims Compensation Of INR 447 Crore For Lost Revenues From BCCI

Photo Credit: AFP

After Pakistan Cricket Board (PCB) which has filed a legal complaint against its Indian counterpart Board of Control for Cricket in India (BCCI) on Wednesday (May 03), has further asked for the compensation of INR 447 crore while stating BCCI did not honour the Memorandum of Understanding (MoU) that was signed between both the neighbouring cricket boards in 2014.

“We have initiated the legal process by sending BCCI a Notice of Dispute under the Dispute Resolution Committee Terms of reference of the International Cricket Council,” PCB Chairman Shaharyar Khan earlier told Pakistan media for taking legal measures against BCCI.

According to a report, PCB has lodged the complaint by stated it has suffered the massive loss of over USD 69,576,405 after BCCI pulled out of playing the series in November 2014 and December 2015 respectively owing to government did not allow the board.

The reports suggested PCB and BCCI boards have agreed upon to play six bilateral series between the mentioned period of eight years from 2014 to 2023.

“PCB has claimed the losses and damage suffered by it, which comes to around 60m (million), as a result of BCCI’s breaches of the agreement,” the Octogenarian chief added.

The notice was served on the country’s cricket board on May 3 and which further seeks the response within seven days after the notice is being received.

Interestingly, the MoU which was signed in 2014 has further seen the unanimous support from the PCB over revenue model in the ICC including the ‘Big Three’ system.

Due to the escalating political tensions between both the countries, the bilateral matches did not happen as governments of the said boards had a different stance following strained diplomatic relations between neighbouring countries.

Following the bilateral series boycott, both the teams have pulled a massive crowd in the recent past and are scheduled to play in the mega event as they will face-off each other on June 4 in Birmingham, in the ICC Champions Trophy 2017 match.

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