India

The England and Wales Cricket Board (ECB) ruled out the possibility of any centrally contracted player taking part in the Indian Premier League (IPL) for at least the next two seasons.

Indian media and entertainment company, Nimbus Communications, is set to launch a new cricket web portal to offer streaming of live matches.

Soft drink manufacturer, Pepsi, agreed $12.5 million sponsorship deal with the Indian Premier League to become the official beverage of the IPL for the next five years.

GMR Sports, which owns the Indian Premier League’s Delhi Daredevils franchise has named Hero Honda as the main sponsor of the team along with Kingfisher as the associate sponsor.

Indian real estate developer, Pioneer Urban, has agreed to sponsor the Indian Cricket League’s Delhi team for an undisclosed sum.

Motorcycle company, Hero Honda extended its agreement with the Board of Cricket Control in India to co-sponsor the Indian Premier League from three to five years. The deal is now worth $22.5 million.

Financial services company Edelweiss Capital agreed title sponsorship deal with the Indian Cricket League.

Sony Entertainment Television (SET) has signed Vodafone as the presenting broadcast sponsor for the DLF Indian Premier League (IPL) in a deal worth around Rs 25-30 crore ($6.2m-$7.5m).

Setanta Sports acquired the UK TV rights for the Indian Premier League's Twenty20 cricket competition in a five year deal with the IPL.

Four minority domestic investors in Sony Entertainment India, have taken the company to court over demands on them for capital to finance SET's commitments to the upcoming Indian Premier League tournament.

Real estate developer DLF acquired the title sponsorship rights for the Indian Premier League's Twenty20 Cup in a five-year, Rs 200 crore deal with the Board of Control for Cricket in India.

Pepsi is reported to be the sole bidder in the race for the title sponsorship rights for the Indian Premier League cricket tournament.

Indian sports channel Neo Sports Plus acquired the TV rights for three major tennis tournaments: The Davis Cup, The Federation Cup and the Sony Ericsson WTA Tour.

Nimbus Communications Limited appointed K. Digvijay Singh as CEO with immediate effect. Prior to the appointment, Digvijay Singh was Chief Executive of its wholly-owned subsidiary Nimbus Sport International Pte. Ltd., based out of Singapore.

The Board of Control for Cricket in India sold the rights to control the eight Twenty20 Premier League teams for a combined total of over $700 million. 

The Indian Cricket Board, the BCCI, will announce the owners of the eight IPL franchises later today.