KARACHI: The Pakistan Cricket Board (PCB) has compensated the Board of Control for Cricket in India (BCCI) with approximately $1.6 million (Rs 110 million), following its defeat in the recent case it had filed that accused the latter of not honouring a MoU signed between them in 2014, Press Trust of India reports.
Under the previous regime of Najam Sethi as chairman, the PCB had approached the ICC’s Dispute Resolution Committee with the case in 2018, demanding around $70 million from the BCCI.
Recently, the ICC ruled in favour of the BCCI and asked the PCB to compensate the board with legal costs.
“We incurred cost of around USD 2.2 million (Rs 151 million) on the compensation case which we lost,” PCB chairman Ehsan Mani told PTI.
“The ICC committee did accept that Pakistan had a case and that is why the damages/cost we had to pay to the Indian board was around USD 1.6 million,” he added.
Besides legal costs, the other expenses included legal fees and travelling.
The PCB had earlier claimed that due to BCCI’s backing out, it lost millions of dollars considering the prospect of not playing six bilateral series with India between 2015 and 2023.
However, the BCCI argued that the MoU was not legally binding and was more of a proposal, which could have been taken forward only with the permission of the central government.
