Sports / PCB pays USD 1.6 million as compensation to BCCI after losing this case in ICC

India TV : Mar 19, 2019, 10:43 AM
PCB chairman Ehsan Mani said, "We incurred costs of around USD 2.2 million on the compensation case which we lost." The PCB had filed a compensation case against the BCCI last year before the ICC's Dispute Resolution Committee, demanding around USD 70 million. The ICC dismissed it and asked the PCB to compensate the legal cost to the BCCI. Mani insisted that besides the amount paid to India to cover the legal cost.

According to the PCB, the agreement with India, which it claimed was a binding Memorandum of Understanding (MoU), ensured Pakistan six bilateral series between 2015 and 2023. Pakistan said the BCCI reneged on the commitment, causing it losses runninginto millions of dollars.

The Indian Cricket Board, however, maintained that the discussion with PCB was a proposal and never a legally binding MoU. 

Ultimately, the BCCI's assertion was accepted by the ICC's dispute resolution committee.