Nimbus warns BCCI of telecast deal pull out

Barely a year after signing a telecast deal with the Board of Control for Cricket in India (BCCI) for $612 million, Nimbus today issued a notice to the cricket board threatening to pull out of the deal.

Nimbus' decision to withdraw from the deal, covering matches in India till 2010 March, comes after after the government issued on an ordinance making it mandatory for private broadcasters to share with Prasar Bharti the live feed of sports events of national importance.

The sudden development prompted the BCCI to go into an emergency meeting at Board President Sharad Pawar's official residence here to discuss the issue.

"We have received a notice from Nimbus threatening to pull out of the deal," a top BCCI official confirmed the development to PTI.