Kathmandu, June 19
The agreement signed between the Cricket Association of Nepal and Seven3Sports, an Indian sports management company, for the first edition of the Nepal T20 League has been done so according to Indian law.
CAN has given all commercial and strategic rights to Seven3Sports to organise the T20 competition for the next eight years. The agreement signed between the two is for Rs 330 million.
In the recently signed agreement between the two parties obtained by Onlinekhabar, it’s clearly stated that any dispute will be settled as per Indian laws. Point number 21 of the agreement states that if there is any dispute that isn’t solved within 15 days, the dispute will be solved as per the Indian law in New Delhi.
CAN’s secretary Prashant Bikram Malla says that this isn’t a big deal.
“The point is there if there are any disputes between two parties,” says Malla. “There was talk of doing it in Singapore but we decided on New Delhi because it would be a lot cheaper.”
Along with this, the agreement also states that Seven3Sports will also have the right to organise other competitions like the T10, T20 and T30 leagues in the near future along with all junior cricket championships. Seven3Sports will also have the right to hold player drafts, choose franchisees and appoint sponsors and partners for Nepal T20 League.
Malla from CAN however says they have not sold any rights apart from that of the Nepal T20 League and the other agreement is for the benefit of cricket in Nepal.
“We will only give them other leagues if we decide to conduct them,” says Malla.
Malla said that Seven3Sports is also hosting a junior cricket championship, a talent hunt that will be the foundation for Nepal T20 League. He said that the players from the junior cricket championship will go to India to play cricket.
“They are helping us with this,” says Malla.
The post Nepal T20 League: Agreement singed with Seven3Sports as per Indian law appeared first on OnlineKhabar English News.
Comments
Post a Comment