Bridgetown (Barbados), Nov 1 (IANS/CMC): The West Indies Cricket Board (WICB) will have to cough up nearly $42 million in order to stave off a lawsuit from the Board Of Control For Cricket In India (BCCI), stemming from the abandoned tour of India last month.
Indian authorities on Friday told the WICB that its losses as a result of the abandoned one-day and Test tour had been estimated at $41.97 million, and gave the regional board 15 days in which to come up with a plan of compensation, reports CMC.
The BCCI had announced two weeks ago it would seek compensation from the WICB for losses sustained as a result of the cancelled tour, and followed through with formal correspondence to the Antigua-based organisation on Friday.
Media rights make up the bulk of the losses with the BCCI estimating them at just over $35 million, while ticket sales account for around $2 million and the title sponsorship from Micromax estimated at $1.6 million.
The BCCI has also factored in losses in kit sponsorship from Nike, team sponsorship, in-stadia sponsorship and stadium concessionaires, in the compensation package.
Indian authorities were furious after the West Indies players quit the tour following the fourth ODI in Dharamsala, with an ODI in Kolkata and Twenty20 in Cuttack remaining.
The three-Test tour, scheduled to bowl off on October 30, was also scuppered.
The Windies players were protesting new playing contracts which they argued would have resulted in up to a 75 percent reduction in their earnings.