The Instagram video has drawn significant attention due to the controversial backgrounds of both Lalit Modi and Vijay Mallya.
The Income Tax Department on Wednesday searched the premises of companies associated with the Indian Premier League (IPL) in the wake of allegations that telecasting agency Multi Screen Media had paid a facilitation fee of $80 million to marketing agency World Sports Group.
Paying tribute to Sachin Tendulkar, who has decided to hang up his boots after playing his 200th test against the West Indies next month, brands endorsed by him are standing by him saying the cricketer's retirement will not affect their endorsement deals.
The BCCI on Sunday announced an open tender process for allocating the cash-rich Indian Premier League's global broadcasting rights, a move that conforms to the Lodha Committee recommendations on transparency. "We are happy to announce the tender process for IPL Global Media Rights (TV and Digital)," BCCI President Anurag Thakur announced in a press conference in New Delhi.
World Sport Group, which manages Sachin Tendulkar's brand endorsements since the last five-six years, say the maestro is beyond the game for his value to be affected by temporary loss of form.
The World Sport Group's (WSG) offices in Mumbai were allegedly broken into and ransacked on Wednesday night. WSG has been in the news for all the wrong reasons lately following the Indian Premier League telecast rights' controversy.
World Sports Group (WSG) in a statement on Friday denied reports of receiving any kickbacks for IPL braodcast rights and slammed media reports for making such allegations, terming them as 'unfounded'.
Modi and five others -- Harish Krishnamachari of Mumbai, Ajay Verma of New Delhi and World Sports Group office-bearers Venu Nair, Andrew Georgio and Seamus O'Brien -- have been asked to appear for an inquiry either on January 25, 26 or 28, a date suitable for them, Police Commissioner T Rajendran told reporters on Thursday.
The noose tightened further around Lalit Modi on Friday with the Indian Premier League Governing Council member Farooq Abdullah saying that the suspended commissioner of the Twenty20 league committed "major irregularities" during his days in the office.
Venu Nair, World Sports Group (WSG) has reportedly told IT officials on Friday that Multi-Screen Media (MSM) did pay WSG Rs 225 crore or $80 million as kickbacks for IPL telecast rights.
Income Tax sleuths on Wednesday sought information from World Sports Group (WSG) in relation to matters concerning BCCI and IPL, WSG said.
Defending the Rs 425-crore facilitation fee it demanded from Sony, former global media rights holders for IPL, WSG, on Wednesday said it will do whatever it can to ensure that BCCI honours its previous agreements.
The Board of Control for Cricket in India has scrapped all its IPL media rights agreements with Mauritius-based World Sport Group, claiming that MSM Satellite (Singapore) Pvt Ltd is the rightful owner of all media rights relating to the Twenty20 event.
The Indian Premier League's broadcast rights holders MSM Satellite (Singapore), which has entered into an amended agreement with the Board of Control for Cricket in India, has filed a suit against Mauritius-based World Sport Group in the Bombay high court to recover facilitation fee of Rs 125 crore from the latter.
The Board of Control for Cricket in India (BCCI) will recover Rs 425 crore from Indian Premier League's sub-continent media rights holders MSM Satellite as part of the amended media rights agreement which was approved by the Twenty20 League's Governing Council in Mumbai, on Friday.
The Income Tax department probing alleged irregular transactions in the IPL has got "convincing evidence" of payment of "facilitation fee" to World Sports Group (WSG) by Multi-Screen Media (MSM) for acquiring T20 league's telecast rights, a senior officer said in Mumbai on Thursday.
Celebrity management firms like Globosports and World Sports Group say the celebrity endorsement market is estimated to clock a healthy growth in 2009. Senior executives at these firms say while there is no organised agency to track the deal size of the endorsements, the market size is expected to grow 15 to 17 per cent in 2009.
A fresh row broke out over the issue of telecast rights of the Indian Premier League with Sony Entertainment dragging the Board of Control for Cricket in India to the Bombay High Court which restrained the Cricket Board from entering into any further agreement related to the Twenty20 tournament. Sony moved the High Court against BCCI's move to enter into a contract with World Sports Group after terminating its agreement with Sony on broadcasting rights in the country.
India opener and ICC Test Cricketer of the Year Gautam Gambhir has been signed up by leading Asian sports marketing firm World Sport Group for three years.
The four minority domestic investors of Sony Entertainment Television (SET) India, the Indian arm of the Japanese major, have taken the company to court over disagreements concerning demands on them for more capital.
Sony Entertainment Television, which recently bagged the telecast rights of the Indian Premier League, hopes to earn over Rs 300 crore (Rs 3 billion) as advertising revenue in the first season of the Board of Control for Cricket in India-promoted Twenty20 tournament.
World Sport Group India (WSG), the sports marketing partner of the Board of Control for Cricket in India (BCCI), is in talks with three more sponsors, one each from the banking, petroleum and airlines industries to sign deals worth $200 million (about Rs 800 crore) for ground sponsorship of the Indian Premier League (IPL) matches. These sponsors will have an opportunity to exclusively advertise their brands on the grounds for five years.
The consortium of Sony Entertainment Television and World Sports Group, which paid BCCI $60 million (Rs 240 crore) as the telecast rights fee for the first season of the Twenty 20 league has already recovered its money. Sony-WSG will together earn around Rs 380 crore (Rs 3.8 billion) worldwide from the league. Sony is confident of selling 11,800 seconds across 59 matches, at a premium. Vodafone, Godrej, Hyundai, Coca-Cola & Max New York and StanChart has already booked spots.
The Indian cricket board's official Twenty20 League (IPL) has secured a 10-year rights contract worth more than $1 billion ahead of its launch in April, organisers said on Monday.
The BCCI's ground and title naming rights for 55 Tests and ODIs to be played in India in the next 31 months, beginning September 1, were sold to World Sports Group for Rs 173.25 crore.
Legendary golfer Tiger Woods teed off during an exhibition match at a quiet, private event at the Delhi Golf Club (DGC) on Monday.
The Enforcement Directorate has issued summons to former Indian Premier League boss Lalit Modi in connection with an alleged money-laundering case registered against him in Mumbai.
The Enforcement Directorate moved a special court in Mumbai on Monday seeking issuance of a non-bailable warrant (NBW) against former Indian Premier League chief Lalit Modi in alleged money laundering case registered against him.
The ED on Monday contested claims made by the Lalit Modi camp that the former IPL boss will be heard before Interpol issues a red corner notice against him.
The move came after a Mumbai court recently issued a non-bailable warrant against the former IPL commissioner.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
The Women's Tennis Association, which has turned to Asia to grow its sport, is unclear how the International Tennis Premier League is going to pan out. 'We are still learning about it, just as the world and the media is,' said Melissa Pines, Vice-President, Asia-Pacific, on the sidelines of its new announcement to bring the season-ending BNP Paribas WTA Championships to South East Asia for the first time this year.
Sachin Tendulkar's farewell speech.
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