The Board for Control of Cricket in India, the body governing the sport of Cricket in India, has been fined Rs 52.24 crore for unfair competition in allocation of licenses, following a complaint to the Competition Commission of India, filed on November 2nd 2010. The amount of Rs 52.24 crore has been arrived at by the commission as 6% of the average annual revenue earned by the BCCI for the three year period from 2007 to 2010. The BCCI earned Rs 1000.1 crore in FY08, Rs 725.83 crore in FY09, and Rs 886.11 crore in FY10. A summary of the competition commission report is below. Download the order here. How The Media Rights For The IPL Were Allocated On November 30, 2007, BCCI issued an Invitation to Tender document for the Indian Premiere League's media rights for a period of 10 years commencing 2008 and ending 2017 on a worldwide basis; 6 companies purchased forms - Nimbus, Ten Sports, SET India, ESPN Software India, World Sports Group (WSGI) and Providence Equity. Of these, only ESPN Software India, World Sports Group (WSGI) and SET India submitted bids. On the date of opening of bids i.e. January 14, 2008, there were 3 bidders present: Sony had pulled out of their individual bid to partner in a consortium with WSG, the ESPN bid was declared not eligible, and only the WSG-Sony consortium was left. They won the bid with an offer of $1.026 billion for a period of 10 years Global Package: a) USD 276…
