The International Cricket Council (ICC) announced its Costs Award in the legal proceedings between the PCB and the BCCI.
On behalf of the Dispute Panel formed under the Terms of Reference of the ICC Disputes Resolutions Committee (DRC), the International Cricket Council (ICC) has announced its Costs Award in the legal proceedings between the PCB and the BCCI.
The Dispute Panel has determined that the PCB should pay 60 percent of:
|a) The [BCCI’s] Claimed Cost|
|b) The administrative costs and expenses of the Panel which fall within the scope of paragraph 11.4 of the T/R (including, without limitation, the fees of the Tribunal members, and the costs and expenses they incurred in relation to this matter), the figure whereof is to be supplied to the PCB by the ICC.|
The exact amount has not been revealed by the PCB, BCCI or the ICC. However, 60% is understood to be roughly around $2 million.
Given the history between both teams, this is an unwelcome blow for the PCB.
ICC Media Releases: The judgment is binding and non-appealable and can be found here. Previous media release on this matter can be found here, while the judgment is available here. The terms of reference of the DRC can be found here.