Top Story


Home >> International >> Article

Nimbus barred from Lankan cricket deals

Font Size   16
Nimbus barred from Lankan cricket deals

The Colombo High Court has restrained television production house WSG Nimbus Pvt Ltd from interfering with the right of the Sri Lankan Cricket Board to enter into fresh contracts with other parties. The commercial court's injunction was obtained by the board, which contended that its three-year, $25 million 'master right agreement' with nimbus had 'ceased to exist' after the company failed to 'fulfill the terms of an earlier court settlement'.

The board of control for cricket in Sri Lanka called for fresh bids for broadcasting and title sponsorship rights after announcing that its agreement with Nimbus was no more alive.

Nimbus had signed the agreement with the BCSSL in January last and it was to have ended only on December 31, 2003.

According to the board Nimbus had 'defaulted' on its payment ahead of the forthcoming tour of West Indies despite several reminders. A similar situation had arisen before last January's tour by England, and the previous administration had taken Nimbus to court.

However, the matter was settled when Nimbus agreed to execute a bank guarantee before a certain date prior to every tour to Lanka. In the event of any default, the agreement would 'cease to exist', they said.

The Caribbeans are to begin a three-test series with a test at Galle from November 14, but the company was yet to execute the bank guarantee. The board sought the attorney general's opinion, and the AG agreed that, the contract did not subsist any more the board said.

The BCCSL has called for 'expressions of interest' for television rights, radio rights, title sponsorship and 40 ground runners.


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.