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Sports News
Competition Commission of India slaps Rs 52 cr fine on BCCI?for ‘abusing power’
 
(NEW DELHI, Nov 30, 2017):The Board of Control for Cricket in?India (BCCI) suffered a huge blow on Wednesday as Competition Commission of India slapped Rs 52.24 crore fine on the national cricket body for anti-competitive practices with respect to Indian Premier League (IPL) media rights.“The assessment of the Commission clearly brings out that the impugned clause in the IPL (Indian Premier League) Media Rights Agreement has been pursued by BCCI consciously to protect the commercial interest of the bidders of broadcasting rights as well as the economic interest of BCCI,” it said.The original case was filed by Surinder Singh Barmi, a New Delhi resident.

In its 44-page order, the Competition Commission of India (CCI) said the penalty of Rs 52.24 crore comes to nearly 4.48 per cent of the average of the BCCI’s relevant turnover during the last three financial years.
The average turnover of Rs 1,164.7 crore is for three financial years -- 2013-14, 2014-15 and 2015-16.In February 2013, the watchdog had slapped a fine of Rs 52.24 crore on the BCCI.Although at present, the average of the relevant turnover is slightly higher than the one which was considered by the CCI while passing the order in February 2013, the regulator said it prefers to maintain the penalty amount.


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INTERNATIONAL NEWS
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