PDA

View Full Version : Nimbus: The biggest mistake in BCB's history!!!!


MohammedC
October 20, 2010, 07:13 AM
I just saw this article in daily inqilab and had to share with you, though I am not a big fan of that particular newspaper. I think there is truth behind this story.

http://farm5.static.flickr.com/4111/5099438948_0a29f22885_z.jpg
http://farm2.static.flickr.com/1171/5099442376_a29eea1e9e_z.jpg
http://farm2.static.flickr.com/1413/5098843545_3f44e229a1_z.jpg
http://farm2.static.flickr.com/1148/5099445356_e1e79c4461_z.jpg

shakibrulz
October 20, 2010, 07:20 AM
Translation plz
<br />Posted via BC Mobile Edition (iPhone)

MohammedC
October 20, 2010, 07:37 AM
Translation plz

Posted via BC Mobile Edition (iPhone)

In simple words Nimbus is making BCB suffer for the contract they signed back in 2006. Which had many small prints that BCB chiefs did not realise or should I say did not bother to read. They started dreaming as soon as they saw 55.86 US dollar contract, their eyes popped out and jumped straight in to it. Now BCB has no choice but to fulfil contract. In 4 year gone BCB have been short paid by 15 million US Dollar by Nimbus according to the article.

To recover from the loss BCB is trying to host triangular series involving India worth 4 million US Dollar till 2012. Nimbus is licking their lips and gave them the green signal. Now BCB is waiting for approaval from BCCI.

IanW
October 20, 2010, 08:28 AM
Back in 06, Bangladesh were worth less than they are today.

Get the results, then screw em on the renewal.

shakibrulz
October 20, 2010, 08:33 AM
In simple words Nimbus is making BCB suffer for the contract they signed back in 2006. Which had many small prints that BCB chiefs did not realise or should I say did not bother to read. They started dreaming as soon as they saw 55.86 US dollar contract, their eyes popped out and jumped straight in to it. Now BCB has no choice but to fulfil contract. In 4 year gone BCB have been short paid by 15 million US Dollar by Nimbus according to the article.

To recover from the loss BCB is trying to host triangular series involving India worth 4 million US Dollar. Nimbus is leaking their lips and gave them the green signal. Now BCB is waiting for approaval from BCCI.
:doh:

Thanks for the translation :smug:

magic boy
October 20, 2010, 08:45 AM
the crappiest channel I have ever seen.very poor broadcasting. ugly violate logo.yuk

MohammedC
October 20, 2010, 09:12 AM
Back in 06, Bangladesh were worth less than they are today.

Get the results, then screw em on the renewal.

We should not renew the contract with nimbus. ESPN was much better, atleast everything was much clearer. I hope BCB makes the right decision when the time comes for renewal.
<br />Posted via BC Mobile Edition (iPhone)

Kana-Baba
October 20, 2010, 09:23 AM
when the contract will be over?

Sakibssmc
October 20, 2010, 09:28 AM
Let neo lick BCCI's foot. Am sure Espn network will provide a much better option. Bt then, BCB wasnt good at diplomacy ever.
<br />Posted via BC Mobile Edition

MohammedC
October 20, 2010, 09:29 AM
I think 2012. edit it is 2012, please find link below.
I would have to do some digging when I sit in front of my computer.

edit:
http://www.cricinfo.com/bangladesh/content/story/361172.html

Posted via BC Mobile Edition (iPhone)

Dilscoop
October 20, 2010, 01:13 PM
Didn't ESPN want rights to our matches? Why would the drop freaking ESPN over some freaking Nib-rickshaw? And why would ESPN want our matches? I know they did, back in old days, so they have better reason now, as we are much better.

Murad
October 20, 2010, 01:21 PM
Shob dosh oi chora Lobi er. Is he still in jail?

MohammedC
October 20, 2010, 01:28 PM
@ Dilscoop. ESPN contract was worth around 12 million US dollar for 5 year from 2001 to 2006. If my memory seves me correctly they upped it to 40 million US dollar when they renewal came.
This thread below has lots of information from 2006 TV rights.

http://www.banglacricket.com/alochona/showthread.php?t=17752

Dilscoop
October 20, 2010, 01:42 PM
And so I guess they went for so called "57 Mill"? And now they are 15 mill short? Which is 42? Damn it! Still 2 Mill more. I want them to pay for it!

betaar
October 20, 2010, 01:50 PM
But I wonder how much of BCB's book is being cooked. I don't have any evidence but knowing the crooks in power, who knows how much signing bonus admin in power then pocketed.

MohammedC
October 20, 2010, 01:50 PM
And so I guess they went for so called "57 Mill"? And now they are 15 mill short? Which is 42? Damn it! Still 2 Mill more. I want them to pay for it!

That $15 million is for last 4 years there is 2 more years left. The total short fall maybe $23 million in contracted 6 years. So Nimbus cunningly had the TV rights for 34 million USD.

Dont forget Nimbus promised to broadcast some domestic matches which never happened.

_Rafi_
October 20, 2010, 02:28 PM
Nimbus is broadcasting cricket with some cheap cameras...wedding cameras may be. ESPN's broadcasting quality is unmatchable. Even Sony provides much much better during IPL.
And the graphics of Neo tv is just annoying.

_Rafi_
October 20, 2010, 02:32 PM
I want ESPN to win broadcasting rights of BD. They will not just provide better quality of broadcast but will also ensure more media coverage via Sportscentre and Cricinfo.

Dilscoop
October 20, 2010, 05:21 PM
@ MoC, So they are paying for it. 6 mill less. Also didn't they say they will make a new logo for bcb?

^^ and ya, the TV graphics are soo horrible, the quality of picture is poor. When I watched the match it was as dark as night. I know it was cloudy over there. But I saw pictures from the match, and they were totally different. IDK how can they turn down ESPN over some random company.

Rabz
October 20, 2010, 05:42 PM
Nimbus wasn't a mistake, it was a learning curve, just as the boys were learning on the field.

If we can put up a great show next year including the world cup, deals would coming knocking on our doors and hopefully this time around, BCB would learn from their previous mistakes and place forward a better deal.

MohammedC
October 20, 2010, 05:49 PM
Nimbus wasn't a mistake, it was a learning curve, just as the boys were learning on the field.

If we can put up a great show next year including the world cup, deals would coming knocking on our doors and hopefully this time around, BCB would learn from their previous mistakes and place forward a better deal.

Good point Rabz bhai.
Next time they should include all the international games hosted in Bangladesh not just FTP. This is where BCB got caught out with Nimbus. When Nimbus asked for production cost for bilateral series as they were not part of Future Tour Programme.

billah
October 24, 2010, 11:20 AM
Nimbus is in no financial troubles. It's an Indian corporation - that is the trouble. Bhartiya haar cheez me trouble hai...

Nimbus is going public now. Look at page 11 of prospectus (http://www.valuenotes.com/Prospectus/NimbusComm.pdf?ArtCd=26462&Cat=C&Id=974) - an example of how Doordarshan partially protected itself from Nimbus scam via bank guarantee...

MohammedC
October 24, 2010, 04:59 PM
Where is Nimbus money?


There were many issues on the agenda during the press conference after yesterday's annual general meeting of the Bangladesh Cricket Board (BCB) but the subject that brought it to life was one word: Nimbus.
The groundbreaking six-year deal, penned in July 2008 (after the Head of Agreement of the contract was signed in November 2006), was worth 56.88 million dollars but has since become a constant thorn on the board's side.
Board president AHM Mustafa Kamal said Nimbus owes a lot of money to BCB, in excess of 22 million dollars, and they are trying to figure out a way to bring the money.
"We are supposed to get a lot of money from Nimbus, like 20 to 22 million dollars. The deal, signed during the caretaker government, was not done properly," said Kamal.
"We are trying to arrange two events with India in near future but it has to be within the time frame of our contract with Nimbus.
"I hope that we can make something out of it because it can offset some of the 14 to 17 million dollars they owe us and through the tours, we can also earn 4 million dollars," he said, adding that the tours could be confirmed within a month.
The board chief also said that Nimbus, due to several reasons, is unable to keep their end of the bargain. "According to them, there were material changes like matches being held in March instead of November, or from Sunday to Friday or day matches being played day-night. They faced obstacles due to these and some other issues," informed Kamal.
"It is surprising that such a deal was signed. They [Nimbus] did not implement the bank guarantee. It is almost like a blank paper that we have had to work on," he added.
A vital component of the big-money contract -- bank guarantee -- has never been implemented although it was incorporated in the Long Form Agreement (LFA) during Sina Ibn Jamali's reign as board chief, some 20 months after the Head of Agreement was signed without a clause for the guarantee.
"We couldn't go out of the Head of Agreement due to its limitations. For the board's interest, we had to make sure we get the best out of the deal and made sure we incorporated the bank guarantee in the LFA," said BCB vice-president Ahmed Sajjadul Alam, who was part of the board when the LFA was penned.
"One has to bear in mind that without the LFA, Nimbus was not paying us any money. I would stress that the LFA wasn't perfect simply because there were compulsions in the Head of Agreement," he added.
The deal was to have a confirmed schedule early in a year so that the minimum guaranteed money that they would pay could be determined through the bank guarantee, but that has never been put into practice.
Earlier this year, the board president along with vice-president Mahbubul Anam went to Mumbai to hammer out some kind of understanding with Nimbus so that they pay BCB 10 million dollars immediately and the remaining 13 million later.

http://www.thedailystar.net/newDesign/news-details.php?nid=159839

FagunerAgun
October 24, 2010, 05:05 PM
Just go to The International Court and sue Nimbus to get every pennys including the applicable legal fees.

BCB trmendously lacks in pre-agreement research and analysis plus negotiating and bargaining.

dolcevita
October 24, 2010, 05:32 PM
Bcb cricket board is runs by incompetent people
<br />Posted via BC Mobile Edition (iPhone)

mij
October 24, 2010, 05:40 PM
Just go to The International Court and sue Nimbus to get every pennys including the applicable legal fees.

BCB trmendously lacks in pre-agreement research and analysis plus negotiating and bargaining.

:up:

al-Sagar
October 24, 2010, 07:23 PM
Where is Nimbus money? (http://www.thedailystar.net/newDesign/news-details.php?nid=159839)

There were many issues on the agenda during the press conference after yesterday's annual general meeting of the Bangladesh Cricket Board (BCB) but the subject that brought it to life was one word: Nimbus.

The groundbreaking six-year deal, penned in July 2008 (after the Head of Agreement of the contract was signed in November 2006), was worth 56.88 million dollars but has since become a constant thorn on the board's side.

Board president AHM Mustafa Kamal said Nimbus owes a lot of money to BCB, in excess of 22 million dollars, and they are trying to figure out a way to bring the money.

"We are supposed to get a lot of money from Nimbus, like 20 to 22 million dollars. The deal, signed during the caretaker government, was not done properly," said Kamal.

"We are trying to arrange two events with India in near future but it has to be within the time frame of our contract with Nimbus.

"I hope that we can make something out of it because it can offset some of the 14 to 17 million dollars they owe us and through the tours, we can also earn 4 million dollars," he said, adding that the tours could be confirmed within a month.

The board chief also said that Nimbus, due to several reasons, is unable to keep their end of the bargain. "According to them, there were material changes like matches being held in March instead of November, or from Sunday to Friday or day matches being played day-night. They faced obstacles due to these and some other issues," informed Kamal.

"It is surprising that such a deal was signed. They [Nimbus] did not implement the bank guarantee. It is almost like a blank paper that we have had to work on," he added.

A vital component of the big-money contract -- bank guarantee -- has never been implemented although it was incorporated in the Long Form Agreement (LFA) during Sina Ibn Jamali's reign as board chief, some 20 months after the Head of Agreement was signed without a clause for the guarantee.

"We couldn't go out of the Head of Agreement due to its limitations. For the board's interest, we had to make sure we get the best out of the deal and made sure we incorporated the bank guarantee in the LFA," said BCB vice-president Ahmed Sajjadul Alam, who was part of the board when the LFA was penned.

"One has to bear in mind that without the LFA, Nimbus was not paying us any money. I would stress that the LFA wasn't perfect simply because there were compulsions in the Head of Agreement," he added.

The deal was to have a confirmed schedule early in a year so that the minimum guaranteed money that they would pay could be determined through the bank guarantee, but that has never been put into practice.

Earlier this year, the board president along with vice-president Mahbubul Anam went to Mumbai to hammer out some kind of understanding with Nimbus so that they pay BCB 10 million dollars immediately and the remaining 13 million later.

billah
October 25, 2010, 01:50 AM
A Company of thieves....

Name of the shareholder Number of shares % of holding
Mr. Harish Thawani 79,96,000 66.63%
Ms. Shobha Thawani 39,98,000 33.32%
Mr. Kanayalal M. Thawani 1200 0.01%
Ms. Kamla K. Thawani 1200 0.01%
Mr. Dilip K. Thawani 1200 0.01%
Ms. Kiran D. Thawani 1200 0.01%
Ms. Mavis Montero 1200 0.01%
Total 120,00,000 100%

cricket_fanatic
October 25, 2010, 05:17 AM
Let's not just blindly bash Nimbus here.

A contract is a legally binding agreement that if you do not get right in the first place, it's gonna make you pay dearly throughout the contract lifetime. Nimbus just took full advantage of BCB's unprofessionalism and inexperience in contract management and signed a contract with favourable terms to themselves - something that is very common in international business and one of the reasons corporations have legal councel. I wonder if BCB even got the contract checked by a proper law firm prior to signing.

Hopefully BCB has learnt a lesson and next time around, they shouldn't make the same mistake - though knowing BCB I wouldn't get my hopes up too much!

BANFAN
October 25, 2010, 07:12 AM
Why should we bash Nimbus? They have done what's good for them and as per law. If we failed to make a good contract, that's our failure. And we always fail to make good contracts. Lack of legal professioals or they get sold underhand?

Whatever, we started with a 25 years treaty with India after the war and since then we have never got a contract with foreign entities right. It may be lack of professionalism or it may be lack of integrity. Both way, we have to take the blame and responsibility of a bad contract, not the other party, from their point of view they had been smart and they did what was good for them.

billah
October 25, 2010, 09:29 AM
Actually, Nimbus' argument in not paying us our money is a "mia culpa" in itself. "The economy is bad, so we are going to use an ambiguous clause in the contract to stiff you....hmm.... about 22 million".

This might not hold water in an International Court, since their intentions for cheating us is so blatantly clear in this case.

MohammedC
October 25, 2010, 09:45 AM
All this cheating clause by Nimbus is getting me worried. Is there another one which will keep us till......."death do us apart" "saath me jinah saath me morna" type clause.

This is s**t. BCB get out before you sink with it.

lamisa
October 25, 2010, 09:49 AM
doesn't bcb have any lawyers working for them?

shuziburo
October 25, 2010, 11:39 AM
We should not renew the contract with nimbus. ESPN was much better, atleast everything was much clearer. I hope BCB makes the right decision when the time comes for renewal.
<br />Posted via BC Mobile Edition (iPhone)

BCB should be vindictive and kick nimbus out when the contract is over. There are other, better choices and BCB should go with whoever has the best offer. Also, definitely have a lawyer read the fine prints.

billah
October 25, 2010, 12:57 PM
Lotus is saying that BCB will not compromise even a single $. They will try to recover the loss by playing those extra matches with India. India doesn't even want to play their regular matches with us. I don't know how this will be possible.

My prescription:

- Trash the whole agreement, since Nimbus has already trashed it.
- File cases of fraud against Nimbus with International Trade Courts and with other orgs.
- Cancel Nimbus permits to operate any and all business in Bangladesh
- Seize any and all Nimbus asset and bank accounts in Bangladesh
- Arrest Nimbus employees and management that are in Bangladesh

I guarantee you, our 22 mil will be paid instantly.

Murad
October 25, 2010, 01:04 PM
^^^ India doesn't mind playing in Bangladesh, especially in a tri-series.

WarWolf
October 25, 2010, 01:26 PM
Lotus is saying that BCB will not compromise even a single $. They will try to recover the loss by playing those extra matches with India. India doesn't even want to play their regular matches with us. I don't know how this will be possible.

My prescription:

- Trash the whole agreement, since Nimbus has already trashed it.
- File cases of fraud against Nimbus with International Trade Courts and with other orgs.
- Cancel Nimbus permits to operate any and all business in Bangladesh
- Seize any and all Nimbus asset and bank accounts in Bangladesh
- Arrest Nimbus employees and management that are in Bangladesh

I guarantee you, our 22 mil will be paid instantly.
Billah bhai
Your prescription won't work here. Standing tall against an indian company is not possible for the board during this govt. BCB will be in trouble from home.

In fact no govt in BD has the guts to do it.

Habib
October 25, 2010, 01:27 PM
^^^ India doesn't mind playing in Bangladesh, especially in a tri-series.

And they certainly won't mind if Nimbus requests the BCCI.

Nocturnal
October 27, 2010, 12:54 AM
[বাংলা]চুক্তি বাতিল করলে টাকা পাবে না বিসিবি

চুক্তিতে বিস্তর ফাঁকফোকরের কারণে আন্তর্জাতিক আদালতে যাওয়ার পরিবর্তে আলোচনার টেবিলে বসে নিমবাসের কাছ থেকে প্রাপ্য বুঝে নেওয়াকে সেরা পন্থা মনে করছেন বিসিবি সভাপতি আ হ ম মোস্তফা কামাল।

এ ত্রুটির কথা বললেও চুক্তি বাতিল করলে উল্টো বিসিবিই বিপাকে পড়বে বলে মনে করেন তানজীব, 'চুক্তি বাতিল করলে পাওনা টাকা পাবে না বিসিবি। নতুন ক্লায়েন্ট তো আর ওই পাওনা পরিশোধ করবে না।' অগত্যা, 'আলোচনার টেবিলেই সম্ভবত সেরা সমাধানটা আছে'_মনে করেন এ আইনজীবী।
[/বাংলা]

full read - kalerkantha (http://dailykalerkantho.com/?view=details&type=gold&data=Emirates&pub_no=324&cat_id=1&menu_id=18&news_type_id=1&index=3)

SMHasan
October 31, 2010, 07:39 AM
Most surprising is - although they bought the rights they hardly cover our matches in the satellite channels. Their channel is supposed to carry the feed but sadly they were not bothered to cover. Given that they have another channel which is called Neo Sports, where they show tennis,football etc etc but our matches are ignored totally.

I believe it's a breach of contract as they are supposed to show it on top of producing the feed.

None of our satellite channels were interested to show the matches or they were barred by a rule which is 'BTV hold the rights to show all home matches'. Now the question is did BTV pay money to BCB? No. Then why they don't allow any other channel to show it? I think this issue should be raised and answered.

FagunerAgun
October 31, 2010, 10:01 AM
Most surprising is - although they bought the rights they hardly cover our matches in the satellite channels. Their channel is supposed to carry the feed but sadly they were not bothered to cover. Given that they have another channel which is called Neo Sports, where they show tennis,football etc etc but our matches are ignored totally.

I believe it's a breach of contract as they are supposed to show it on top of producing the feed.

None of our satellite channels were interested to show the matches or they were barred by a rule which is 'BTV hold the rights to show all home matches'. Now the question is did BTV pay money to BCB? No. Then why they don't allow any other channel to show it? I think this issue should be raised and answered.
1. These are the severe breaches of contract.

2. Go to the International Trade Court, as Billah advised, to sue them and claim a loss of a half billion dollars retroactive to the first day of the contract as they did not do their job as per the contract.

3. BD fans can sue Nimbus as well because we could not watch some BD games on tv/internet, the way it was supposed to be as per the contract.

4. This government has friendly relationship with India, that is government level, but still suing big sucker crook Nimbus will not put any negative impact in the relationship, even if it does who cares. India needs Bangladesh, Bangladesh needs India - it is all bileteral.

5. When TATA issue came back last year, some analysts said, "We must bend down to India, for geopolitical , military and economic reason". But Dilip Barua straightfowardly said in Kolkata that TATA would not get cheap/free gas in Bangladesh. What happened since than in terms of bileteral relationship between these two countries? Nothing bad, because Bangladesh needs India, India needs Bangladesh as well.

6. BCB should sue Nimbus with an imperialist attitude, suck as much blood as you can.

MohammedC
November 24, 2010, 01:42 PM
The nimbus saga continues......

Get the money from nimbus

The Parliamentary Standing Committee on Youth and Sports has asked Bangladesh Cricket Board (BCB) to take necessary steps to realise the money which the board is supposed to get from Nimbus.
"They [BCB] must ensure that they bring the more than 100 crore taka from Nimbus. This is a big amount. No way can the country lose this money. We have asked them to inform the committee about the matter within two months. Everybody has to be accountable," Zahid Ahsan Russel, chairman of the committee, told The Daily Star after the meeting at the Jatiya Sangsad Bhaban yesterday.
A groundbreaking six-year television rights deal with Nimbus, penned in July 2008 after the Head of Agreement of the contract was signed in November 2006, was worth 56.88 million dollars but has since become a constant thorn on the board's side.
Nimbus owes a lot of money to BCB, in excess of 22 million dollars, and the board is trying to figure out a way to realise the money.
BCB's senior vice-president Mahbubul Anam and director Dewan Shafiul Arefin were present in the meeting and Russel informed that the board officials failed to give any satisfactory explanation regarding the issue though they told that they were trying to bring the money from Nimbus.
Russel however said that the BCB high-ups assured that they would give the committee an update regarding the issue within two-month time.
The committee also asked the sports ministry to follow up on this issue so that the board could get the money within this time frame.
During the meeting, the parliamentary body criticised the board for their 'go solo' policy regarding the ICC Cricket World Cup 2011 where Bangladesh is one of the co-hosts along with India and Sri Lanka.
"The committee criticised the board's 'go solo' policy regarding holding of the World Cup. We asked them to involve everybody so that the country can successfully hold this mega event," said Russel.
Bangladesh will host eight matches including two quarterfinals besides the opening ceremony, to be held at the Bangabandhu National Stadium on February 17 next year

http://www.thedailystar.net/newDesign/news-details.php?nid=163612

Haru-party
November 24, 2010, 04:27 PM
1. These are the severe breaches of contract.

2. Go to the International Trade Court, as Billah advised, to sue them and claim a loss of a half billion dollars retroactive to the first day of the contract as they did not do their job as per the contract.

3. BD fans can sue Nimbus as well because we could not watch some BD games on tv/internet, the way it was supposed to be as per the contract.

4. This government has friendly relationship with India, that is government level, but still suing big sucker crook Nimbus will not put any negative impact in the relationship, even if it does who cares. India needs Bangladesh, Bangladesh needs India - it is all bileteral.

5. When TATA issue came back last year, some analysts said, "We must bend down to India, for geopolitical , military and economic reason". But Dilip Barua straightfowardly said in Kolkata that TATA would not get cheap/free gas in Bangladesh. What happened since than in terms of bileteral relationship between these two countries? Nothing bad, because Bangladesh needs India, India needs Bangladesh as well.

6. BCB should sue Nimbus with an imperialist attitude, suck as much blood as you can.
bishoyta asholey eto soja?????

MohammedC
December 27, 2010, 05:00 PM
Another news about this on going issue with Nimbus from Daily Inqilab.

http://farm6.static.flickr.com/5003/5298168544_6fa1b8ba7c.jpg


And one from NewAge

BCB to search new broadcaster soon
Staff Correspondent
The Bangladesh Cricket Board will soon start searching for a new broadcasting partner as the deal with the controversial India-based marketing agent Nimbus Sports International will expire in little over a year.
The BCB sold the marketing right to Nimbus for a staggering $56.88 million in October 2006, a deal which will expire concurrently
with the ICC’s current Future Tour Programme in March 2012.
Nimbus owed the BCB a total of $27.76 million as minimum guaranteed money for the 2009-10 fiscal year, but it did not pay a single penny on many pretext, which prompted the BCB to look for a new broadcasting partner sooner than later.
‘We are trying to find a way to get the dues from Nimbus though we don’t want to go for arbitration at this stage,’ BCB spokesperson Jalal Younus told reporters after a meeting of Board of directors on Monday.
‘At the same time we will initiate the tender process for the next deal as we don’t have enough time in our hand,’ said Jalal, adding that Nimbus will have the first negotiation right for the next deal as per the current agreement.
‘They will enjoy the privilege, but not necessarily we have to award it to them again. Let us start the tender process, hopefully we will win a good deal,’ he added.


http://www.newagebd.com/2010/dec/28/spt.html

Haru-party
December 27, 2010, 05:14 PM
shabbas

amar11432
December 27, 2010, 05:19 PM
Just Ban nimbus from ever bidding again.

mij
December 27, 2010, 05:22 PM
Another news about this on going issue with Nimbus from Daily Inqilab.

http://farm6.static.flickr.com/5003/5298168544_6fa1b8ba7c.jpg


And one from NewAge

BCB to search new broadcaster soon
Staff Correspondent
The Bangladesh Cricket Board will soon start searching for a new broadcasting partner as the deal with the controversial India-based marketing agent Nimbus Sports International will expire in little over a year.
The BCB sold the marketing right to Nimbus for a staggering $56.88 million in October 2006, a deal which will expire concurrently
with the ICC’s current Future Tour Programme in March 2012.
Nimbus owed the BCB a total of $27.76 million as minimum guaranteed money for the 2009-10 fiscal year, but it did not pay a single penny on many pretext, which prompted the BCB to look for a new broadcasting partner sooner than later.
‘We are trying to find a way to get the dues from Nimbus though we don’t want to go for arbitration at this stage,’ BCB spokesperson Jalal Younus told reporters after a meeting of Board of directors on Monday.
‘At the same time we will initiate the tender process for the next deal as we don’t have enough time in our hand,’ said Jalal, adding that Nimbus will have the first negotiation right for the next deal as per the current agreement.
‘They will enjoy the privilege, but not necessarily we have to award it to them again. Let us start the tender process, hopefully we will win a good deal,’ he added.


http://www.newagebd.com/2010/dec/28/spt.html


BCB I got 1 message for you, stop making mistake after mistake, get Professional do the paper work right, and hope not to go with Nimbus ever again, does not matter how much they pay.

Ajfar
December 27, 2010, 05:53 PM
Whoever the new broadcaster is, I hope ESPN3 will still be interested in working something for the U.S. viewers. Does BCB get any money from ESPN3 or that money goes straight to Nimbus?

MohammedC
December 27, 2010, 07:28 PM
Whoever the new broadcaster is, I hope ESPN3 will still be interested in working something for the U.S. viewers. Does BCB get any money from ESPN3 or that money goes straight to Nimbus?

No ESPN3 get it from Nimbus.

Night_wolf
December 27, 2010, 09:28 PM
Can we have espnstar back plz

ammark
December 28, 2010, 01:53 AM
BCB I got 1 message for you, stop making mistake after mistake, get Professional do the paper work right, and hope not to go with Nimbus ever again, does not matter how much they pay.

Exactly! BCB, Get a good lawyer to make you a watertight contract. Nimbus will be able to hide behind their contract and not pay your $27 mil precisely because of your incompetence when you signed it.

HereWeGo
December 30, 2010, 07:51 PM
http://www.thedailystar.net/newDesign/news-details.php?nid=168153

<FIELDSET>

BNP blamed for Nimbus deal



</FIELDSET>


Rashidul Hasan
The parliamentary standing committee on Youth and Sports yesterday blamed Hawa Bhaban and Arafat Rahman Koko, younger son of Khaleda Zia, for making the controversial TV rights deal with Nimbus
“BCB (Bangladesh Cricket Board) made this ambiguous agreement with Nimbus because of Hawa Bhaban and Arafat Raman Koko. You know Nimbus owes Tk 100 crore to BCB,” said Zahid Ahsan Russel, chief of the parliamentary body, after the meeting at the Jatiya Sangsad Bhaban yesterday.
He also warned that the standing committee would form a House probe body if BCB failed to realise the outstanding amount from Nimbus by January 24 next year.
"BCB high officials took two months time during the November 24 meeting to realise the money. And they must settle the issue within this time frame otherwise actions will be taken not only against them but also those who are responsible for signing this kind of deal,” said Russel, an Awami League lawmaker, adding that some other influential people were also involved in signing the agreement

MohammedC
December 30, 2010, 08:02 PM
Politicians messed it up last time. Lets hope they dont mess it up again.

mij
December 31, 2010, 05:20 AM
http://www.thedailystar.net/newDesign/news-details.php?nid=168153

<FIELDSET>

BNP blamed for Nimbus deal



</FIELDSET>


Rashidul Hasan
The parliamentary standing committee on Youth and Sports yesterday blamed Hawa Bhaban and Arafat Rahman Koko, younger son of Khaleda Zia, for making the controversial TV rights deal with Nimbus
“BCB (Bangladesh Cricket Board) made this ambiguous agreement with Nimbus because of Hawa Bhaban and Arafat Raman Koko. You know Nimbus owes Tk 100 crore to BCB,” said Zahid Ahsan Russel, chief of the parliamentary body, after the meeting at the Jatiya Sangsad Bhaban yesterday.
He also warned that the standing committee would form a House probe body if BCB failed to realise the outstanding amount from Nimbus by January 24 next year.
"BCB high officials took two months time during the November 24 meeting to realise the money. And they must settle the issue within this time frame otherwise actions will be taken not only against them but also those who are responsible for signing this kind of deal,” said Russel, an Awami League lawmaker, adding that some other influential people were also involved in signing the agreement


As usual all political party plays dirty.

MohammedC
April 19, 2011, 06:12 PM
At last...........



BCB to take legal action against Nimbus

The Bangladesh Cricket Board has decided to initiate legal proceedings to recover the outstanding dues from its international marketing agency Nimbus Sports International in connection with television broadcast rights.

The BCB sold the marketing rights up to March 2012 to Nimbus for a staggering $56.88 million in October 2006, but the company used various loopholes in the agreement to avoid payment last year.

As per the agreement, Nimbus owed the BCB a total of $27.76 million as minimum guaranteed money for last fiscal year. It was rather the BCB paid them $4 million as production cost for the home series against Zimbabwe, India and England and a

tri-nation one-day tournament.

Citing global recession as a pretext Nimbus demanded for a waiver of $17m from their minimum guaranteed amount.

The BCB was initially reluctant to go for arbitration as it risked them losing them money. They instead preferred a negotiation which apparently failed now, prompting the BCB to start the legal procedure.

It was confirmed by a BCB statement on Tuesday though it did not provide any details.

But is it too late too take any action.

http://newagebd.com/newspaper1/sports/15988.html

AhmedN
April 19, 2011, 08:58 PM
Just Ban nimbus from ever bidding again.
It will prove BCB has a strong backbone

max410
April 19, 2011, 11:38 PM
better give it to a lcoal channel in bd channel i and mahy otehr tvs need money desher taka deshey thakuk if other channels want to watchteh match let them take it from here

F6_Turbo
April 19, 2011, 11:48 PM
It will prove BCB has a strong backbone

How many international broadcasters are there? What sort of deal do you think we'll get from ESPNSTAR if they are the sole bidder?

The issue here lies with the people in power when the contract was drawn up, and the idiocy of the board and it's legal team to agree to a contract that had so many loopholes.

Surely it couldn't have been that hard to approach Australia or England and ask them for a bit of assistance with regards to contract negotiations with media partners?

But as someone else said...this too was a learning experience, hopefully next time we will do due diligence before signing on the dotted line.

lamisa
April 20, 2011, 10:01 AM
bcb to take legal action. finally someone grew a spine!

Neel Here
April 20, 2011, 11:07 AM
just shows that BCB needs to hire better legal experts next time they sign an agreement.


Surely it couldn't have been that hard to approach Australia or England and ask them for a bit of assistance with regards to contract negotiations with media partners? ignoring the best TV contract negotiator in cricketing world next door ? ;)
and what makes you think eng or aus will even listen to bcb, let alone help them ?

Avik
April 20, 2011, 11:10 AM
at least BCB wont make the same mistake in the future i hope!

beshideshi
April 20, 2011, 11:11 AM
Just wondering who else would bid for broadcasting rights apart from espnstar[assuming Nimbus don't take part any more]?

F6_Turbo
April 20, 2011, 11:18 AM
just shows that BCB needs to hire better legal experts next time they sign an agreement.

ignoring the best TV contract negotiator in cricketing world next door ? ;)
and what makes you think eng or aus will even listen to bcb, let alone help them ?

I was working on the principles that the Indian Board wouldn't want to harm an Indian broadcaster, when it is dealing with a 3rd party.

This isn't meant as a dig at the BCCI, just that, maybe in this particular instance reaching out to India might not be the best idea.

But we are in agreement(as I said previously), that the main fault lies with the legal team that looked over the contract prior to signing.

Neel Here
April 20, 2011, 11:29 AM
BCCI will sell the skin off nimbus' backs if they can get away with it. they are a money making organisation, not a patriotic one (nor they should be). BCB>nimbus to BCCI in terms of importance because nimbus is a sponsor while bcb is a partner in ICC. bcci always looks for ways to squeeze the sponsors. I think bcb will get a better deal if they take bcci on board.

p.s. I am not saying you took a dig at bcci or sth. you have every right to do so anyway. ;)

Sohel
April 20, 2011, 11:29 PM
I see why Nimbus is unwilling to cough-up the cash after paying those hefty adWances to Pinu, Koko and Mamuinnyah. Maybe BCB should work with ACC to recoWer the money from illegal accounts in S'pore, KL and a few of the Wahabi shopping malls in the Gulf region. Maybe it'd be easier just to transfer the funds to Loitta, Salman and his best buddy Falu's illegal accounts in those places.