x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Over 200 dead as Air India Dreamliner crashes after take off in Ahmedabad | Major Plane Crashes in India: A Historical Overview | PM Modi takes stock | Preparations in full swing, 125 Langars to be set up for pilgrims | CM Omar reviews work plan of Estates, Revenue, Tourism & culture departments | Reservation row: Agitating students demand stopping of all recruitment process | Crime Branch arrests 3 accused in multi-crore embezzlement case | HM Shah chairs high-level meeting to review flood management preparedness in country | Terror funding case: HC dismisses Shabir Shah’s bail plea | GOC Whiteknight Corps visits Rajouri, Doda, reviews security | Katra-Srinagar Vande Bharat Express packed for next 2 weeks | CISF secures 2 most sensitive jails in J&K | ARTO Doda suspended | P D Nitya (IPS) transferred to Rajasthan cadre | Inflation declines to over 6-year low | Viksit Bharat 2047: 11 Years of responsive & responsible Modi Government | Uri surgical strike: A detailed review | CYBER CRIME RISING IN INDIA | Health Care and Natural Farming | LG Sinha leads from front | JMC, Urban Forestry Division launch 'Clean Jammu Green Jammu' campaign | Gupta expresses deep grief over Air India Flight Crash in Ahmedabad | Dy CM pays surprise visit to Labour Commissioner Office | Vishwa Kashmiri Samaj expresses gratitude to LG Sinha | Rana reviews progress on implementation of JJM | Amit envisions Cooperative & Telecom Sectors growth in multiple Mizoram meetings | CCI Jammu will be available 24x7 to its people: Arun Gupta | LoP Sunil Sharma urges LG to drop Urdu requirement for Naib Tehsildar exam | Kavinder deeply mourns Air India flight crash tragedy in Ahmedabad | Union Minister Manohar Lal reviews power and urban development sector for J&K | June 2025 term-end examinations of IGNOU start smoothly across the region | Sadhotra slams BJP for exploiting Jammu youth over Naib Tehsildar recruitment process | NHAI restricts number of projects per engineer for consultancy firms | Bail denied in drug peddling case | Jammu Tawi Aarti organised by Shri Raghunathji Corridor Development Council | Shri Amar Kshatriya (Rajput) Sabha holds successful meeting | 624th Birth Anniversary of Sant Kabir Ji celebrated | Apni Party gears up to intensify its activities across the valley | Synergetic Green Warriors Foundation resolves domestic violence sase | District Congress Committee Samba Holds Preparatory Meeting for "Jai Hind Yatra" | JKNC reiterates demand for restoration of statehood to J&K | KVK Poonch takes pride in being a part of National Campaign | GDC Vijaypur organises Essay writing competition | IMCSD media interns attend session on Ethics, Time Management at SMGS Hospital | Farewell party organized by The Placebo Club at Desh Bhagat University | DBU honours Sri Lankan Intern Uthpala Kalupathirana | MCM Hostel: A home away from home | Women's College Gandhinagar Jammu launches Summer Internship Courses | ISSF World Cup: Sift Kaur Samra wins bronze medal in women''s 50m rifle 3 positions | Come out of comfort zone, fight every ball to have memorable England tour: Gambhir | Back Issues  
 
news details
Star India, Byju's the topics of discussion during BCCI Apex Council emergent meeting
1/9/2023 10:26:05 PM
agencies
NEW DELHI, Jan 9: India's home season media rights holder Star India has asked the BCCI for a Rs 130 crore discount in the existing deal while 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 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 workforces by March in its aim to become profitable.
-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.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU