CCI smacks BCCI with RS 52 crore fine
The Competition Commission of India on Wednesday imposed a huge amount of fine on the Board of Control for Cricket in India (BCCI) regarding to anti-competitive practice in the Indian Premier League (IPL).
The fine stands to RS 52.24 crore, the same amount BCCI was once been penalized back in 2013 that was ultimately set aside by appellate division after BCCI authority appealed.
The report said, “”The assessment of the Commission clearly brings out that the impugned clause in the IPL (Indian Premier League) Media Rights Agreement has been pursued by BCCI consciously to protect the commercial interest of the bidders of broadcasting rights as well as the economic interest of BCCI,”
“Similarly, the Commission does not find merit in the argument that there is no actual instance of refusal to any proposal for organization of domestic leagues similar to IPL.
“After assuming monopoly of IPL for a sustained period of ten years by excluding all potential competition, there is no reason for BCCI or anyone to expect a proposal for organization of a similar league,” the regulator said.
The CCI found contravention of the provisions of Section 4(1) to be read with Section 4(2) (c) of the Competition Act, 2002 where it states ‘BCCI shall not organize, sanction, recognize or support another professional domestic Indian T20 competition that is competitive to IPL, for a sustained period of 10 years.”
The BCCI has been granted 60 days to make an appeal against the order.