The Essel Group on Monday rebutted news reports that it is setting up parallel cricket boards across different countries in collaboration with Ten Sports Network but said it is now geared up to enter the sports business at a global level, focusing on cricket.
Media Firm Zee Entertainment Enterprise Ltd (ZEEL) sold its sports channel Ten Sports to Sony Pictures Networks for a US$ 385-million (about Rs 2,579 crore) in an all cash deal.
With uncertainty hanging over the resumption of Indo-Pak bilateral cricket ties later this year, PCB chairman Shaharyar Khan has said that they have an alternate plan in hand if the proposed series against the neighbours in the United Arab Emirates does not materialise.