BCB ends agreement with Aamby Valley

BCB ends agreement with Aamby Valley

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Sahara outbid Grameenphone to turn a Bangladesh team’s unite in 2012 © AFP

The BCB has suggested it has finished a agreement with Aamby Valley, an associate of Sahara India Parivar, 15 months before it was scheduled to end. The house is now looking for a new organisation unite for a home array opposite Pakistan this month.

The BCB had sole organisation sponsorship rights to Aamby Valley in Jun 2012, in a $14 million four-year deal that was a biggest in Bangladesh cricket. The agreement was ostensible to finish in Jun 2016 though a BCB announcement in a inhabitant daily on Mar 30 noted a finish of a alliance.

Chief executive Nizamuddin Chowdhury reliable a BCB had finished a agreement with Sahara, though did not wish to divulge a financial implications of a termination.

“We have motionless not to continue a agreement with Sahara,” Nizamuddin told ESPNcricinfo. “That’s because we have given an announcement for a new organisation unite for a Pakistan series. We can't pronounce about a understanding [with Sahara] during this moment.”

Sahara’s financial problems over a past year have been a matter of open record, with India’s Supreme Court grouping a organisation conduct to sojourn in a control tentative trial.

In 2012, Sahara had outbid Grameenphone, who had sponsored a Bangladesh organisation for 8 years. It bid approximately $9.4 million, almost some-more than a $ 3.4 million from Grameenphone and $4 million from another bidder. Sahara had also won branding rights for a inhabitant organisation and a inhabitant cricket academy, and pretension sponsorship and in-stadia sponsorship for 2012-13.

BCB has asked a new bidders to embody an incorrigible bank pledge of 50% of a sum offering value, that will be deliberate as a confidence deposit. The association that wins a rights has to compensate a full quoted volume before a signing of a agreement. It has to be finished by Apr 12.

Mohammad Isam is ESPNcricinfo’s Bangladesh correspondent. @isam84

Article source: http://www.espncricinfo.com/bangladesh/content/story/858213.html?CMP=OTC-RSS