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'.
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.
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.
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.
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 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.
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 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.
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.
Income Tax sleuths on Wednesday sought information from World Sports Group (WSG) in relation to matters concerning BCCI and IPL, WSG said.
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.
This warrant will be sent to the ministry of external affairs which in turn will be sending it to the United Kingdom
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.
In a significant observation that might affect the way BCCI enters into contracts for broadcast rights of matches, Bombay High Court has held that the 'cricketing public' must know about these deals.
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.
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.
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 move came after a Mumbai court recently issued a non-bailable warrant against the former IPL commissioner.
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.
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.
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 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.
Here's a closer look at the showcause notices issued to Lalit Modi
Sachin Tendulkar's farewell speech.
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