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BCCI fined Rs 52 cr, directed to allow cricket leagues by non-members

BCCI fined Rs 52 cr, directed to allow cricket leagues by non-membersNew Delhi/Mumbai, Nov 29 (IANS) Fair trade regulator Competition Commission of India (CCI) has fined the Board of Control for Cricket in India (BCCI) for anti-competitive conduct and directed it to allow the organisation of domestic cricket leagues by non-members.

The regulator on Wednesday said that BCCI was fined Rs 52.24 crore for its assurance to the broadcasters of the Indian Premier League (IPL) that it "shall not organise, sanction, recognise, or support another professional domestic Indian T20 competition that is competitive to IPL, for a sustained period of ten years".

The CCI further said that the restriction was pursued to enhance the commercial interest of the bidders of IPL broadcasting rights and the consideration in turn received by BCCI.

 

"BCCI shall not place blanket restriction on organisation of professional domestic cricket league or events by non-members," the CCI order read.

"This shall, however, not preclude BCCI from stipulating conditions while framing or modifying relevant rules for approval or while granting specific approvals, that are necessary to serve the interest of the sport. Such changes shall entail norms that underpin principles of non-discrimination and shall be applied in a fair, transparent and equitable manner...," the order read.

"Besides, BCCI shall take all possible measure(s) to ensure that competition is not impeded while preserving the objective of development of cricket in the country...."

The CII also asked the BCCI to file a report on the compliance of its directions within 60 days from the receipt of the order.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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BCCI fined Rs 52 cr, directed to allow cricket leagues by non-members

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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