Taking a tough stand, the BCCI on Monday scrapped the contract with its broadcast rights holder Nimbus for defaulting on payments and forfeited the bank guarantee amount of Rs 2,000 crore.
The decision to terminate Nimbus' contract, three years before its expiry, was taken at the BCCI's emergent working committee meeting where members were "unanimous" in scrapping the telecast deal for India's home series matches.
From: http://ping.fm/iaawK
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