ISLAMABAD – The Pakistan Cricket Board (PCB) has paid Rs. 120 million tothe Board of Control for Cricket in India (BCCI) as per orders from theInternational Cricket Council (ICC).
The international cricket governing body had ordered PCB in December lastyear to bare 60 percent of the cost incurred by BCCI during the two boards’legal battle over a bilateral series agreement.
It all started when the Indian cricket board denied visiting Pakistan asper ‘the agreement’ PCB claimed was signed in 2014. The two board tried tosort it out mutually, and upon failure, former chairman PCB decided to takethe matter to ICC’s dispute panel and demanded a $71 million compensation.
The panel heard the case for three consecutive days on first, second andthird October and eventually, after more than a month of hearings, ruled infavor of BCCI.——————————
As per the ICC rules, the losing party was supposed to bear the 60 percentlegal cost of the opposition side.
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According to reports, PCB has paid out Rs. 120 million out of the totalcost Rs. 200 million, whereas, the Indian board will bear the rest of theexpenses.
Moreover, Pakistan is also due to pay 60 percent cost to ICC that incurredduring the process. Reports suggest that the governing body of PCB hasapproved an amount of Rs. 121.2 million for the payments to ICC.
*Via: Geo link*
