The Champions League T20 tournament has begun, but Global Cricket Ventures (GCV) is not sure if it has the digital rights to the tournament. AIM listed Elephant Capital, which invested $10 million in GCV last year, has issued a notice to its stareholders (full text below) that there has been very little definitive information from the Board for Control of Cricket in India (BCCI) about the status of the rights, after BCCI rescinded its global media rights agreement with World Sports Group in June 2010, and then signed a fresh contract with broadcaster Multi-Screen-Media, excluding WSG. GVC had licensed online and mobile rights to the IPL and CLT20 through World Sports Group, and then further split the rights accoriding to media and geography, licensing those forward to other vendors (More in our IPL Digital Rights coverage). So the fate of many a company, some of them build mostly around IPL rights, hangs in the balance. Elephant Capital says that it is attempting to clarify with the BCCI, it's rights to design, build, host and manage the official CLT20 website (which is currently being powered by Criczenga). Related: - Times of India: BCCI scraps IPL media rights deal with World Sport Group - The Hindu: World Sport rejects BCCI's termination of agreement - NDTV/PTI: MSM To Pay Over Rs. 190 Cr More To BCCI For IPL 4 Rights - LCM President Mark Melville Resigns; To Join Global Cricket Ventures - July Systems Expects Double Digit Million Revenues; Equity Deal With GCV - VRock…
