The Board of Cricket Control in India (BCCI) has decided to extend the contract of International Management Group (IMG) for the next 5 years, 2018 onwards. The decision has got the green signal from Committee of Administrators (COA).
The IMG has been BCCI’s service provider ever since the inception of IPL in 2008. The initial contract price was 40 crores in 2008 which was reduced to 33 crores the subsequent season. Thereafter it was further reduced to 30 crores. The IMG were brought into the IPL saga by commissioner Lalit Modi who along with IMG chief Andrew Wildblood chalked the plans of IPL in 2008.
The contract did not invite pleasure among N Srinivasan, who reportedly objected to it. Thereafter the contract price was reduced.
The International Management Group (IMG), is a global sport, other events, and talent management company headquartered in New York City. It has been owned by William Morris Endeavor and Silver Lake Partners since 2013.