LPL transparency at stake over questionable deals By Champika Fernando Were proper protocols followed in naming new franchise owner for Jaffna and US$ 10mn TV rights deal? View(s): View(s):Serious concerns have been raised over the transparency of the process that selects franchise owners and the broadcaster for Lanka Premier League (LPL) following recent developments. It also announced a new owner for Jaffna Stallions, the inaugural champions of the five-team tournament. However, no dispute resolution mechanism was utilised and communications from multiple lawyers of Jaffna Stallions have not been responded to. Despite this, in August, IPG has sent a term sheet which Jaffna Stallions had duly signed, agreeing to payment terms.

Source: Sunday Observer October 03, 2021 02:15 UTC