akkaps
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- Mar 20, 2012
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Well, ****.Indian boss to take over world cricket amid $4.5 billion TV rights fight
Jay Shah will take over as chair of the International Cricket Council after forcing the resignation of the incumbent Greg Barclay, amid a $US3 billion dispute with its major broadcast rights holder.www.smh.com.au
However with the ZeeTV-Sony merger collapsing, ZeeTV has likewise backed out of sub-licensing the ICC rights, leaving Star to foot the entire bill. The company’s discomfort with the cost of winning the rights was underlined by an unsuccessful request, earlier this year, to relocate the T20 World Cup from the USA and the Caribbean to India.
ZeeTV and Star are fighting out the circumstances of their collapsed deal in the London Court of International Arbitration. At the same time, Star is in the process of being sold by Disney to the Indian conglomerate Reliance Industries, which owns the broadcaster Viacom18
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