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InDepth headlines national business sports cricket regional entertainment technology world travel autos health | in-depth coverage > Cricket World Cup 2003 > ICC withholds entire World Cup payment due to India 10.43 IST 21st June 2003 By IndiaExpress Bureau 
The International Cricket Council (ICC) has decided to withhold the entire payment due to India from this year's World Cup, as it could not assess the likely maximum claims from the Global Cricket Corporation for violation of the ambush clause.Though the exact figure withheld has not been specified, it is estimated to be about $9 million. After a one-day meeting of the Board of ICC (Development) International (IDI) at Monaco on Friday, the ICC's new president Ehsan Mani said, "In relation to the Indian Board, it is not possible at this stage to assess the likely maximum claims and all countries made the prudent financial decision to continue to withhold the Indian Board's World Cup distribution at this stage." Indian players refused to sign the original tournament contracts saying these would place restrictions on their personal endorsements during the World Cup. They agreed to participate in the tournament only on an amended Players' Terms, which severely diluted the original clauses. The Global Cricket Corporation (GCC), which was sold the rights of all ICC events till 2007, gave a briefing on its claim for compensation at Friday's meeting. The IDI meeting, however, decided to return the entire $0.5 million withheld from Sri Lanka and part of the money held back England and New Zealand after the World Cup in South Africa. While England will get $1.5 million out of $3.5 million withheld, New Zealand will be returned $0.5 million of $2.5 million held back. "The decision comes after the Board of ICC (Development) International was briefed on the claim for compensation by its commercial partner, Global Cricket Corporation," an ICC release said. "After examining the claim, the Board was able to make an informed judgment on the likely maximum claims that would be made against these countries and it was apparent that these are unlikely to exceed the amounts withheld," it said. England and New Zealand had their money withheld as they refused to play matches in Zimbabwe and Kenya, respectively, citing security concerns. Sri Lanka's money was held back because they did not return signed player contracts by the ICC deadline. Mani said that the specific nature of the issues relating to England, New Zealand and Sri Lanka allowed their money to be released. "The nature of the claims allowed us to return money to three of our Boards," he said. The IDI Board also confirmed its policy of not withholding members' money unless absolutely necessary. After discussing the GCC claim, the Board agreed to move forward by authorizing management to finalize a comprehensive response to the claim as soon as possible, the release said. in-depth coverage > Cricket World Cup 2003 > |
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