However, BCCI stuck to its stand that it was a fraud.“It has been proved that Lalit Modi in conspiracy with WSG officials cheated, and defrauded the BCCI,” senior counsel, Raghu Raman, who represented the BCCI said.The BCCI had terminated the media rights agreement with WSG in June 2010, after there was a dispute out of Rs 425 crore-facilitation fee pay-out. 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However, with Star winning BCCI's media rights, there is greater balance in the distribution of live cricket now. 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The media rights will be for a period of five years from April 2018 to March 2023. WSG also wanted damages, for wrongful termination of the agreement. WSG (Mauritius), who had won the IPL media rights deal in a famous 3am deal with the then IPL commissioner on 15 March 2009, however were unable to find a broadcast partner.MSM (Sony) entered into a facilitation agreement (Rs 425 crore) with WSG (Mauritius) before they won the IPL media rights for Indian sub continent from BCCI.The overseas rights stayed with WSG but on discovering the facilitation agreement with MSM, the BCCI called it ‘improper’ and reclaimed the rights.Subsequently, Sony terminated the facilitation agreement with WSG (Mauritius) and agreed to pay Rs300 crores to the BCCI, as well as another Rs125 crore after recovery from WSG. WSG (Mauritius), who had won the IPL media rights deal in a famous 3am deal with the then IPL commissioner on 15 March 2009, however were unable to find a broadcast partner. This apart, the deal also reinforced the importance of India for the financial well-being of the game. One such arbitration with the World Sports Group (WSG) brought a positive result for BCCI on Monday, as per a Hindustan Times report.An arbitral tribunal consisting of Supreme Court Justices (Retd) Sujatha Manohar, Mukunthakam Sharma and S.S. Nijjar upheld the termination of the IPL media rights agreement for overseas territories with WSG by the BCCI, on June 28, 2010.This will gives the BCCI access to escrow accounts where the amounts are about Rs 800 crore.The matter went to arbitration, after WSG staked claim over the profit they would have made, if BCCI did not cancel the agreement. The BCCI is selling media rights for three specific categories --i) the Global TV Rights plus Rest of World (ROW) Digitals Rights package, ii) Indian sub-continent Digital Rights package and iii) Global Consolidated Rights … Ten years after Lalit Modi’s removal, BCCI has recovered the facilitation amount and won the right over Rs 850 crore in escrow account.“BCCI had raised a complaint in 2010 to Chennai police. The BCCI had consolidated its position as the world’s richest cricket board in September with the game’s biggest TV deal when it sold Indian Premier League’s (IPL) global media rights to Star India for a staggering $2.52 billion. The world’s richest cricket board is poised to get even wealthier after media rights to Indian cricket for the next five years brought spirited bidding on Tuesday.The e-auction of television and digital rights, a first in cricket, was not concluded but the Indian board (BCCI) received a bid of 44.4 billion Indian rupees ($683 million) for consolidated global rights from an unidentified bidder.“The online auction will now resume on Wednesday…from the same stage,” the BCCI said in a statement.Star India paid 38.5 billion rupees for the rights to broadcast India’s home matches for the 2012-2018 cycle.The BCCI had consolidated its position as the world’s richest cricket board in September with the game’s biggest TV deal when it sold Indian Premier League’s (IPL) global media rights to Star India for a staggering $2.52 billion.“Following scrutiny, Star India Private Ltd, Reliance Industries Limited, and,Copyright © 2020 The Indian Express [P] Ltd. 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