Mumbai, Feb 10 (PTI) IPL franchisee Rajasthan Royals hasdemanded Rs 120 crore from the Indian Cricket Board (BCCI) asdamages for their suspension from the Twenty20 league.
The Board had terminated the contract with the franchisealleging that it had breached the agreement by changing itsshareholding pattern without the Board''s consent.
Royals took legal recourse through the arbitrator, whoruled in their favour.
BCCI appealed in the Bombay High Court against the stayof the termination of the contract given by the arbitrator butthe High Court also ruled in Royals'' favour.
"We have asked for a sum close to Rs 120 crore through asubmission to the arbitrator (retired Justice B N Srikrishna),but this is part of the arbitration process which is not yetcomplete. Only an interim order has been passed," aspokesperson for the franchisee told PTI today.
"The amount is for the damages to our reputation,sponsors and legal costs," he said, adding a copy of thesubmission has also been sent to the Board.
However, when contacted in Nagpur, BCCI chief ShashankManohar said he was not aware of the demand from RajasthanRoyals.
"I do not know anything on this," said Manohar. More PTISSR VKV AT